On the 13th, during the "FiNETech2- Entering the Artificial Intelligence Universe" event, the Hong Kong Monetary Authority and Hong Kong Cyberport announced the launch of a new Generative Artificial Intelligence (GenA. I.) sandbox. The Chief Executive of the Hong Kong Monetary Authority, Yu Weiwen, stated that the new GenA I. Sandbox is a groundbreaking initiative aimed at promoting responsible innovation and development in the banking industry I.。 The sandbox will assist banks in testing various GenA within a risk controlled framework I. Innovate cases and provide the necessary technical support and targeted regulatory opinions to enhance the potential of the financial industry in risk management, anti fraud, and customer experience. During the event, the Hong Kong Monetary Authority collaborated and exchanged ideas with industries both domestically and internationally, referencing GenA I. Sandbox experience, sharing good practices, ensuring relevant and appropriate regulatory guidelines to keep up with the latest developments. In addition, the Hong Kong Monetary Authority will hold more FiNETech series events to continue promoting concrete progress in the application of financial technology by banks and other financial institutions. (New Society)