Chen Maobo: The Financial Services Bureau of Hong Kong will develop audit guidelines for using AI to enhance industry awareness and application.

According to the Zhitong Financial APP, Hong Kong Financial Secretary Paul Chan Mo-po stated during his address at the "Regional Regulatory Forum" organized by the Financial Reporting Council that the Hong Kong government is promoting the development of artificial intelligence through a "dual engine" strategy. The Financial Reporting Council will assess the opportunities and potential risks of audit firms using AI, and establish relevant guidelines to enhance the industry's understanding and utilization of AI.