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Hong Kong FinTech Association Releases White Paper, States Hong Kong's Financial Industry AI Adoption Rate Exceeds Global Average
Viewpoint News: On April 2, the Hong Kong FinTech Association (FTAHK) released the white paper “Artificial Intelligence in Financial Services: Hong Kong’s Path Forward,” stating that the adoption rate of AI in Hong Kong’s financial services sector is 38%, leading the global average.
According to the introduction, the white paper’s data shows that the application rate in Hong Kong is far higher than the global average of 26%, but it still faces structural challenges such as a shortage of talent and fragmented data infrastructure.
The white paper also sets out a development blueprint for 2030. The goals include achieving an AI application rate of 90% across all financial institutions throughout Hong Kong, and attracting AI-related investment of HK$8 billion to HK$12 billion, in order to consolidate Hong Kong’s leading position as an international financial center.
Disclaimer: The content and data in this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.
(Editor: Dong Pingping )
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