[Paul Chan: Hong Kong SAR Government Fully Promotes AI Adoption and Widespread Application] Golden Finance reports that on August 23, Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (SAR) Government, stated in a blog post that the artificial intelligence (AI) boom is injecting strong momentum into Hong Kong's economy and consumer market. The SAR government is fully promoting the adoption and widespread application of AI across various sectors. Paul Chan noted that the development of AI has significantly contributed to Hong Kong's economy and financial markets. Benefiting from the global strong demand for AI-related products, Hong Kong's exports have recorded high double-digit growth for several consecutive quarters. In the capital markets, from December last year to May this year, Hong Kong's AI-related IPO fundraising amounted to nearly HK$100 billion, accounting for approximately 55% of the total during the same period. The Hang Seng Index Company has also recently included several AI-related companies in its indices, reflecting their growing importance in the economy. Research reports further estimate that if Hong Kong's small and medium-sized enterprises (SMEs) can match large enterprises in AI adoption rates by 2035, it could unlock up to HK$65 billion in economic benefits for Hong Kong. The SAR government's operations are also increasingly empowered by AI. The AI Efficiency Enhancement Team has facilitated the first batch of 30 efficiency improvement projects across 13 departments. (Xinhua News Agency)