The current development builds on the success of the GenAI Sandbox initiative, which was launched in 2024.
A group of Hong Kong regulatory bodies, including the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA) and the Mandatory Provident Fund Schemes Authority (MPFA) have launched the Generative Artificial Intelligence (GenAI) Sandbox++ initiative, in collaboration with the Hong Kong Cyberport Management Company Ltd (Cyberport). Regulators jointly expanded the GenAI Sandbox++ to cover multiple financial sectors Building on the success