Techub News reported that Bloomberg, citing people familiar with the matter, reported that the Hong Kong government is preparing to release its first policy statement on the application of AI in the financial sector, a move that could catalyze the application of the technology in areas such as trading, investment banking and cryptocurrency.

People familiar with the matter said the policy involves the ethical use of AI and general principles for applying the technology in the financial sector. Officials are still drafting the document while soliciting feedback from the industry. They said the details could still change in the coming weeks.