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Li Jiachao: Promote the application of artificial intelligence in innovative financial services such as central bank digital currency and virtual asset trading

The Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao, said that the government will continue to promote the central bank's policy stance and guidelines on the application of artificial intelligence in innovative financial services such as digital currency, mobile payment, virtual banking, virtual insurance, and virtual asset trading. Measures include, To promote the application of cross-border transfer of central bank digital currency, the Hong Kong Monetary Authority is actively testing and exploring more technical solutions and scenarios related to cross-border trade settlement on a variety of central bank digital currency cross-border networks, and expanding the participation of public and private institutions. Improve the regulation of virtual assets and transactions. The Treasury Bureau will complete the second round of consultation on the regulation of virtual assets over the counter and submit a virtual licensing system to regulate virtual asset custody service providers. III. To promote the tokenization of real-world assets and the digital currency ecosystem, the Hong Kong Monetary Authority is promoting the Ensemble project. (Golden Ten)