HSBC’s Elhedery added that HSBC – one of Hong Kong’s largest private-sector employers with 28,000 local staff – was rolling out AI training for its entire global workforce of roughly 200,000 people.
“AI is going to be disruptive. It’s going to transform jobs,” Elhedery said.
Separately, Yue told reporters on the sidelines of the event that the regulator would launch Project SAGE to support the use of AI agents in finance while setting guardrails to manage risks.
The HKMA will create a cross-sector expert panel to test AI agent applications and interoperability, Yue said.
He added that the HKMA would also seek views on governance, accountability, a central register of trusted agents and a possible “know your agent” standard.
“Innovation and risk management must go hand in hand,” Yue said. The HKMA will expand trials of tokenised Exchange Fund Bills and examine whether regulated stablecoins can serve as a payment method, he added.
