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 strengths in providing ‘rules’ and ‘trust’,” Financial Secretary Paul Chan Mo-po wrote in his weekly blog on Sunday.

“Hong Kong can offer trusted solutions in [AI] model training, cross-border data flows, privacy protection and dispute resolution.”

He highlighted the city’s advantages in its common law system, biliterate and trilingual legal talent, internationally connected standards, professional services and strong financial support.