
New cross-sector initiative allows banks, insurers and investment firms to test generative AI tools under regulatory supervision.
Hong Kong’s financial regulators have introduced a new programme designed to accelerate the responsible use of generative artificial intelligence across the city’s financial sector, as authorities seek to strengthen the territory’s position as a global hub for financial technology.
The initiative, known as GenA.I. Sandbox++, was jointly launched by the Hong Kong Monetary Authority, the Securities and Futures Commission, the Insurance Authority and the Mandatory Provident Fund Schemes Authority in collaboration with the technology campus Cyberport.
The programme expands an earlier regulatory sandbox introduced in 2024 and significantly broadens its scope across multiple segments of the financial industry.
Under the new framework, banks, investment firms, insurers and pension administrators will be able to test artificial intelligence applications in a supervised and risk-controlled environment.
Participants will receive regulatory guidance, technical support and access to advanced computing infrastructure at Cyberport’s artificial intelligence supercomputing centre, enabling them to develop and refine new technology-driven services.
The expanded sandbox covers sectors including banking, securities and capital markets, asset and wealth management, insurance, pension administration and stored-value payment services.
Authorities say the broader structure reflects the rapid spread of artificial intelligence tools throughout the financial system and the need for coordinated oversight across different regulatory domains.
Officials involved in the programme say the initiative is intended to encourage innovation while maintaining strong safeguards.
The sandbox focuses on several high-impact applications, including fraud detection, risk management systems and customer service technologies powered by generative AI.
Another element of the project involves exploring “AI versus AI” strategies, in which artificial intelligence tools are deployed to monitor and mitigate risks created by other AI systems.
Regulators believe this approach will be essential as financial institutions increasingly integrate machine learning technologies into decision-making processes.
Authorities say the programme forms part of Hong Kong’s broader Fintech 2030 strategy aimed at strengthening the city’s competitiveness as an international financial centre.
By bringing regulators, financial institutions and technology developers together, officials hope the initiative will accelerate responsible innovation and foster collaboration across the financial ecosystem.
Applications for participation in the GenA.I. Sandbox++ programme are open to regulated financial institutions across Hong Kong’s markets.
Through testing and collaboration, regulators aim to help firms translate experimental artificial intelligence ideas into practical financial services while ensuring that new technologies meet regulatory and risk-management standards.
The initiative, known as GenA.I. Sandbox++, was jointly launched by the Hong Kong Monetary Authority, the Securities and Futures Commission, the Insurance Authority and the Mandatory Provident Fund Schemes Authority in collaboration with the technology campus Cyberport.
The programme expands an earlier regulatory sandbox introduced in 2024 and significantly broadens its scope across multiple segments of the financial industry.
Under the new framework, banks, investment firms, insurers and pension administrators will be able to test artificial intelligence applications in a supervised and risk-controlled environment.
Participants will receive regulatory guidance, technical support and access to advanced computing infrastructure at Cyberport’s artificial intelligence supercomputing centre, enabling them to develop and refine new technology-driven services.
The expanded sandbox covers sectors including banking, securities and capital markets, asset and wealth management, insurance, pension administration and stored-value payment services.
Authorities say the broader structure reflects the rapid spread of artificial intelligence tools throughout the financial system and the need for coordinated oversight across different regulatory domains.
Officials involved in the programme say the initiative is intended to encourage innovation while maintaining strong safeguards.
The sandbox focuses on several high-impact applications, including fraud detection, risk management systems and customer service technologies powered by generative AI.
Another element of the project involves exploring “AI versus AI” strategies, in which artificial intelligence tools are deployed to monitor and mitigate risks created by other AI systems.
Regulators believe this approach will be essential as financial institutions increasingly integrate machine learning technologies into decision-making processes.
Authorities say the programme forms part of Hong Kong’s broader Fintech 2030 strategy aimed at strengthening the city’s competitiveness as an international financial centre.
By bringing regulators, financial institutions and technology developers together, officials hope the initiative will accelerate responsible innovation and foster collaboration across the financial ecosystem.
Applications for participation in the GenA.I. Sandbox++ programme are open to regulated financial institutions across Hong Kong’s markets.
Through testing and collaboration, regulators aim to help firms translate experimental artificial intelligence ideas into practical financial services while ensuring that new technologies meet regulatory and risk-management standards.










































