Hong Kong's Financial Secretary Paul Chan: Artificial Intelligence is Reducing Transaction Costs and Driving Business Model Transformation

Techub News reports that during his visit to Nanjing University, Hong Kong's Secretary for Financial Services and the Treasury, Paul Chan, delivered a speech highlighting that artificial intelligence is reducing search and transaction costs, driving enterprises to redesign operational processes and spur new business models. He emphasized Hong Kong's strengths in finance, innovation and technology, professional services, and internationalization, which can be integrated with the industrial foundation of Nanjing and Jiangsu to jointly promote the transformation of research results and industrial development. The delegation subsequently held discussions with university representatives and alumni companies to explore collaboration opportunities in fields such as artificial intelligence, optical chips, and life sciences, as well as to facilitate connections between industry and capital. (Hong Kong Government News Bulletin)