IMF Article IV Statement commends Hong Kong’s resilient and well-supervised financial system but flags rising AML/CFT and risk oversight needs driven by fintech, AI, and tokenisation

It notes meaningful progress in strengthening risk monitoring of non-bank financial institutions through expanded assessments and targeted stress testing, alongside improved system-wide surveillance and early-warning capabilities that enhance detection of emerging vulnerabilities. At the same time, it flags that Hong Kong’s accelerating shift toward fintech, AI-driven financial services, and asset tokenisation under the “Fintech 2030” strategy is expanding the risk landscape, introducing new and more complex money laundering and fraud typologies…