AoF-HKIMR Roundtable on Financial Services in the Era of Generative AI: Facilitating Responsible Adoption


11 April 2025


 

The Hong Kong Academy of Finance (AoF) and the Hong Kong Institute for Monetary and Financial Research (HKIMR) co-hosted a roundtable on “Financial Services in the Era of Generative AI: Facilitating Responsible Adoption” on 11 April 2025. The roundtable highlighted key findings from the HKIMR’s latest applied research report on Generative AI (GenA.I.) and explored its broader implications for the financial services industry and financial regulators.

Mr Enoch Fung, CEO of the AoF and Executive Director of the HKIMR, opened the roundtable with introductory remarks. Dr Giorgio Valente, Head of the HKIMR, then shared insights on the current engagement, opportunities and challenges, and talent landscape related to the evolution of GenAI. Mr Jing Lian Suah, Manager at the HKIMR, presented key findings from the surveys and interviews conducted with leading financial institutions and GenAI service providers in Hong Kong. This was followed by comments from Mr Chris Leung, Partner at EY, and Mr Alvin Li, Head of the Supervisory Technology Division, Banking Supervision Department of the HKMA, who provided their perspectives on GenAI model development, the HKMA sandbox, and regulatory landscape.

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Mr Enoch Fung provided opening remarks, followed by presentations by Dr Giorgio Valente, Mr Jing Lian Suah, Mr Chris Leung, and Mr Alvin Li.

In the concluding segment, Mr Enoch Fung facilitated a roundtable discussion with the speakers and representatives from industry associations. This exchange of views focused on recent developments and concerns regarding the responsible adoption of GenAI in Hong Kong’s financial services industry. Participants agreed that there is a lot of scope for collaboration amongst industry players in promoting responsible adoption of GenAI across industry segments.

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Mr Enoch Fung moderated a lively roundtable discussion.

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The roundtable attracted significant attendance, with representatives from 14 industry associations present, including: Association of Chartered Certified Accountants Hong Kong (ACCA); American Institute of Certified Public Accountants (AICPA); Asia Securities Industry & Financial Markets Association (ASIFMA); CFA Institute; Chinese Financial Association of Hong Kong (HCFA); FinTech Association of Hong Kong (FTAHK); The Hong Kong Federation of Insurers (HKFI); The Hong Kong Institute of Bankers (HKIB); Hong Kong Institute of Certified Public Accountants (HKICPA); Hong Kong Investment Funds Association (HKIFA); Hong Kong Securities and Investment Institute (HKSI); Hong Kong Venture Capital and Private Equity Association (HKVCA); International Capital Market Association (ICMA); Hong Kong Treasury Markets Association (TMA).

Last revision date: 24 April 2025