On 5 Mar 2026, regulators in Hong Kong launched the GenA.I. Sandbox++ to promote A.I. innovation across financial sectors, providing support to financial institutions to develop and test A.I. applications.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On 5 Mar 2026, the Hong Kong Monetary Authority ("HKMA"), the Securities and Futures Commission ("SFC"), the Insurance Authority ("IA"), and the Mandatory Provident Fund Schemes Authority ("MPFA"), in collaboration with Hong Kong Cyberport Management Company Limited (Cyberport), announced the launch of the Generative Artificial Intelligence (GenA.I.) Sandbox++ initiative.
The initiative aims to promote A.I. innovation across financial services, building on the GenA.I. Sandbox launched in 2024. It focuses on banking, securities and capital markets, asset and wealth management, insurance, mandatory provident fund ("MPF"), and stored value facilities.
GenA.I. Sandbox++ maintains a strong emphasis on risk management, anti-fraud measures, and enhancing customer experience. The program also seeks to advance 'A.I. vs. A.I.' strategies. Participating financial institutions will benefit from guidance, technical support, and access to GPU computing resources.
The initiative fosters sector-specific and cross-sector A.I. applications, such as A.I.-driven insurance underwriting and claims processing, A.I.-powered tools for MPF, and industry-wide use cases like intelligent customer chatbots and advanced fraud detection systems.
Mr Eddie Yue, Chief Executive of the HKMA, underscored that the launch signifies a significant milestone under the 'Fintech 2030' strategy, highlighting collaboration to drive growth and customer-centricity in financial services.
Ms Julia Leung, Chief Executive Officer of the SFC, emphasized the importance of responsible market innovation and tech-enabled markets.
Mr Clement Cheung, Chief Executive Officer of the IA, noted the collective drive for A.I. innovation, aligning with the AI Cohort Programme to attract A.I. talent.
Mr Cheng Yan-chee, Managing Director of the MPFA, urged MPF trustees and intermediaries to explore advanced financial technology solutions to enhance operational efficiency and service quality.
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