Golden Finance reported that Bloomberg quoted sources as saying that the government is preparing to release its first policy statement on the application of artificial intelligence in the financial sector, which may catalyze the application of the technology in areas such as trading, investment banking and cryptocurrency. Officials are expected to release the statement during Fintech Week around late October. The report quoted sources as saying that the Hong Kong Financial Services and the Treasury Bureau plans to release a set of guidelines frameworks covering the ethical use of artificial intelligence and general principles for the application of the technology in the financial sector. Officials are still drafting the document and soliciting feedback from the industry. A spokesman for the Hong Kong Financial Services and the Treasury Bureau said in a statement that the Hong Kong government and financial regulators are closely following market developments and global experience to promote the responsible use of artificial intelligence in the financial industry, and are expected to release a policy statement later this year to elaborate on its policy stance and guidelines for the application of artificial intelligence in financial markets.