Hong Kong will review how audit firms use artificial intelligence, with the Accounting and Financial Reporting Council (AFRC) preparing guidance to raise awareness and support responsible deployment, Financial Secretary Paul Chan said. The initiative aligns with the government’s “twin-engine” AI strategy to make AI a core industry and upgrade traditional sectors. Global regulators are examining AI’s impact on data integrity, transparency and liability in assurance work. The A

Hong Kong will leverage artificial intelligence to attract global investment, Financial Secretary Paul Chan said at the Global Financial Leaders’ Investment Summit. Highlighting the Hong Kong AI push, Chan cited WTO data showing that private capital in AI reached about USD190bn this year. The city will adopt a 'twin-engine' strategy—developing AI as a core industry while using it to upgrade traditional sectors. Government initiatives include direct investments, startup suppor

Foreign investors Hong Kong sentiment is improving, with renewed confidence in the city’s financial markets, according to Financial Secretary Paul Chan. He said overseas firms are expanding and leasing new offices, while nearly half of stock market inflows since September last year have come through Northbound funds, with the rest from Europe and the US. Chan added that multiple Middle Eastern companies will hold investment roadshows in Hong Kong next month targeting infrastr

Hong Kong finance summit 2025 will feature China’s Vice Premier He Lifeng delivering a virtual keynote at the Global Financial Leaders’ Investment Summit next week, the HKMA said. Running Monday to Wednesday, the fourth summit will gather top global finance executives to discuss navigating today’s volatile economy. Chief Executive John Lee will also address delegates, while Financial Secretary Paul Chan will deliver closing remarks and lead a Dialogue with International Inves

Hong Kong’s revamped Capital Investment Entrant Scheme (CIES) has attracted nearly 1,400 applications since its relaunch, with proposed...