Hong Kong can offer AI governance solutions for major economies: Paul Chan
Hong Kong can offer trusted solutions in artificial intelligence (AI) governance for major economies by leveraging the city’s unique strengths, including its common law system, internationally connected standards and professional services, the city’s finance chief has said. “As major economies begin discussing AI governance, data, compliance and risk management, Hong Kong can leverage its unique…
Financial Secretary Paul Chan Mo-po claims Hong Kong possesses unique strengths that enable it to provide reliable AI governance solutions to major economies. He argues that the city's common law system, internationally connected standards, professional services, and strong financial support make it an ideal hub for AI-related governance tasks.
In his weekly blog, Chan highlighted Hong Kong's expertise in areas such as AI model training, cross-border data flows, privacy protection, and dispute resolution. The government's policy address identified seven key areas for AI risk governance, including combating AI-related crimes, establishing AI agent management guidelines, and assessing AI ethical risks.
Chan emphasized the importance of nurturing talent with an understanding of AI, noting that the government has already made efforts to promote AI training for all. He also mentioned that while Hong Kong is expected to experience a decrease in manpower shortage over the next few years, critical industries will still face challenges.
Chan is currently on a two-day visit to Qatar's capital, Doha, where he will attend the Asian Infrastructure Investment Bank (AIIB) annual meeting and deliver a keynote speech on Hong Kong's experience in digital public infrastructure and sustainable development.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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