[Paul Chan: Artificial Intelligence is in an Accelerated Development Phase, We Must Seize Opportunities and Embrace Challenges] Live report from Golden Finance: On April 20, Hong Kong Financial Secretary Paul Chan delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He stated that artificial intelligence is in an accelerated development phase, with digital intelligence being embedded into the economy. This year, the rise of generative AI marks another noteworthy milestone. In the future, AI agents will analyze information, act at machine speed, and fully leverage blockchain infrastructure to elevate transaction efficiency to new levels. This will create significant new opportunities across sectors such as finance, trade, wealth management, supply chain operations, and logistics. However, we must also address a series of issues, including synchronized infrastructure development, human control and safety agendas for AI, and the regulation and accountability of economic activities generated by AI. Therefore, regarding artificial intelligence, we will continue to formulate our strategies and policies under several principles: First, maintain a balanced and forward-looking framework guided by the principle of equal activity. The same risks should be subject to the same regulations, with a focus on risk management and investor protection. Second, believe in the true value of blockchain technology and digital assets in solving real-world problems, reducing costs, improving transparency, and making financial services more inclusive. Third, firmly support innovation. Regulators have a dual mission: to exercise prudent oversight while promoting market development. They work side by side with innovators, providing sandbox environments and conducting pilot projects to test new tools in controlled settings, identify risks, and offer timely, practical feedback.