The Hong Kong Securities and Futures Commission, together with three other regulatory bodies and Cyberport, launched the "GenA.I Sandbox++ Program".

PANews reported on March 5th that the Hong Kong Securities and Futures Commission (SFC), together with the Hong Kong Monetary Authority (HKMA), the Insurance Authority (IA), and the Mandatory Provident Fund Schemes Authority (MPFA), has partnered with Cyberport to launch the GenA.l. Sandbox++ scheme. This initiative aims to promote the responsible adoption of artificial intelligence (AI) technology within Hong Kong's financial ecosystem. The GenA.l. Sandbox++ provides licensed institutions with a risk-controlled environment to develop, test, and optimize generative AI solutions across three key areas: risk management, anti-fraud, and customer experience. Scheme participants will receive targeted regulatory guidance and technical support, as well as free access to GPU computing resources at Cyberport's AI Supercomputing Centre.