Former Hong Kong SFC Chairman Liang Dingbang highlighted the role of blockchain and AI in smart finance during the Shenzhen Xiangmilake Financial Summit on December 20. He emphasized the integration of these technologies across banking, securities, insurance, cross-border finance, and electronic payments. Liang noted that Hong Kong's AI strategy involves a combination of technologies, with big data playing a central role and large models supporting backend operations. Liang also addressed the challenges of AI, such as hallucinations, and underscored the importance of human judgment in risk management. He pointed out that while the region supports the growth of smart finance, it prioritizes data authenticity and risk control. Additionally, he mentioned the increasing focus on liquidity and crypto markets, alongside regulatory frameworks like the EU Markets in Crypto-Assets Regulation.