China Media Group (CMG) recently hosted a financial event in the Hong Kong Special Administrative Region, highlighting the city’s strengths and innovative achievements as a global financial centre. Held under the theme “Integration, Driving Forces and Connectivity,” the “Hong Kong Financial Night” forum focused on how artificial intelligence (AI) can support the development of the financial sector while emphasising the importance of strengthening cooperation between Hong Kong and the Chinese mainland.
Participants agreed that some of the major challenges facing Hong Kong’s AI industry include insufficient computing power, limited access to data, and difficulties in attracting high-level technological talent. Jimmy Ng Wing-ka, a Hong Kong deputy to the 14th National People’s Congress, stated that Hong Kong has yet to establish a large-scale data centre. He stressed that the city should leverage the strengths of various cities within the Guangdong-Hong Kong-Macao Greater Bay Area to support AI development and technological advancement. Meanwhile, Chang Zhuoqiao, a member of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), said that under the principle of “One Country, Two Systems,” the central government has provided strong policy support for Hong Kong’s development. He expressed hope that Hong Kong would continue strengthening its connectivity with mainland China’s financial markets in order to transform AI technologies into practical financial efficiency and innovation. Analysts say Hong Kong is increasingly positioning itself as a bridge between international capital and mainland China’s technology-driven economic transformation, particularly in emerging sectors such as artificial intelligence and fintech. Information and Photo: CCTV