[Paul Chan: Hong Kong to Establish AI Committee and Develop Industry Development Strategy] Odaily Planet Daily News – Hong Kong Financial Secretary Paul Chan delivered a speech at the 2026 Hong Kong FinTech Week, announcing that Hong Kong will establish an AI committee and formulate an industry development strategy. Paul Chan pointed out that the intersection of AI and Web3 will be a game-changer, with the tokenization of digital assets being utilized by financial institutions to enhance efficiency and reduce costs. Hong Kong has already issued over $2 billion worth of tokenized green and infrastructure bonds across multiple rounds and is piloting tokenized deposit applications through the Ensemble project. Paul Chan emphasized that Hong Kong adheres to a balanced and forward-looking regulatory framework in the AI field, ensuring innovation is supported while maintaining human control and addressing cybersecurity and fraud risks. Currently, Hong Kong is in a phase of accelerated development in 5G and AI, striving to become a hub for the research and application of next-generation technologies.