Port system enables seamless freight
Leveraging AI, blockchain and big data technologies, the Port Community System lets users track cargo and handle customs clearance on a single digital platform. Since its launch, over 6 000 enterprises have registered.
A representative from the Transport and Logistics Bureau spoke to news.gov.hk about the system's development and the industry's enthusiastic feedback. The system's developer, the Logistics and Supply Chain MultiTech R&D Centre, shared details about its functions and merits, and a business user gave a glowing assessment of its impact on efficiency.
The story is available at www.news.gov.hk/eng/feature from today (June 7) in text and video format.
Photo source: news.gov.hk
HKMA announces "ART" Framework to promote responsible AI adoption
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (October 15) the "ART" Framework to support the responsible adoption of AI in the banking sector, fostering an AI-enabled banking ecosystem with "Accountability", "Resilience", and "Trust".
The Hong Kong Monetary Authority. Photo source: reference image
AI systems are becoming more autonomous, with greater access to data, tools and workflows. With the aim of supporting banks in seizing the opportunities presented by AI while maintaining robust governance and operational resilience, key initiatives under the "ART" Framework include:
- An AItraining data sharing platform in collaboration with Hong Kong Cyberport Management Company Limited (Cyberport) and the University of Hong Kong, with data quality assurance as a core design principle; and
- Further testing of agentic AIapplications through the GenA.I.Sandbox++and an upcoming discussion paper on a proposed supervisory framework for agentic A.I. governance, exploring intent-anchored accountability, a registry of material AIagents, and effective intervention mechanisms.
The HKMA is also co-hosting the two-day Finance+A.I. Forum with Cyberport on October 15 and 16, marking the successful completion of the technical trials under the second cohort of the GenAI Sandbox, which delivered positive results. Notably, more than 60 per cent of the use cases explored agentic AI, demonstrating the industry's active pursuit of advanced AI applications, such as automated planning and execution of multi-step tasks within defined boundaries and controls.
Deputy Chief Executive of the HKMA Mr Arthur Yuen said, "The progression from generative to agentic AI represents an important new stage of innovation for the banking sector. Under Fintech 2030, the HKMA is introducing the 'ART' Framework, which stands for 'Accountability', 'Resiliency' and 'Trust', with the aim of providing a clear foundation for banks to develop and deploy AI responsibly. By pairing innovation with clear accountability, resilient operating models and effective human oversight, banks can fully realise the benefits of AI while maintaining the trust and stability for Hong Kong's financial system."
Photo source: reference image
