The Hong Kong Monetary Authority today announced the launch of the SAGE project, which aims to promote the responsible development and application of agency finance in Hong Kong. As agency-based artificial intelligence technology becomes more mature, the financial industry is further exploring how artificial intelligence agents can make financial services more efficient and secure while promoting internal adoption. This emerging model, widely known as agency finance, has the potential to change the way customers use financial services, but the risks and challenges arising from it also need to be properly managed to promote responsible development and application.

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