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Hong Kong launches GenAI regulatory sandbox across entire financial system

An AI illustration/ sign.
The focus will be on risk management, anti-fraud and customer experience. Photo: Chesnot/Getty Images

The initiative will cover multiple financial sectors including banking, securities and capital markets, asset and wealth management, insurance, mandatory provident fund (MPF), and stored value facilities.

Hong Kong’s financial regulators have taken another major step in their AI adoption journey by launching GenAI regulatory sandboxes across multiple sectors throughout the entire financial spectrum.

Major regulators including the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and the Mandatory Provident