HSBC to Set Up Global AI Research Institute in Hong Kong, Initially Focusing on Blockchain Technology and Post-Quantum Cryptography

November 3: According to Caixin, Liao Yijian, Co-Chief Executive of HSBC Asia and the Middle East, announced that HSBC will establish a global AI research institute in Hong Kong, expected to begin operating in early 2027, initially focusing on AI use cases, blockchain technology and post-quantum cryptography. He revealed that HSBC already has a 150-person AI specialist team in Hong Kong, which is expected to double in size within the next two to three years.