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Artificial intelligence
TechTech Trends

Amid OpenClaw frenzy, China’s central bank adds to cybersecurity warnings

People’s Bank of China says deployment of AI in financial sector should be ‘proactive yet prudent, safe and orderly’

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Engineers (front) install OpenClaw on people’s laptops at Baidu’s headquarters in Beijing on Wednesday. Photo: AFP
Carol Yangin Beijing

China’s central bank has called for heightened cybersecurity awareness and caution in the use of artificial intelligence in the financial sector, adding to a chorus of warnings over security risks amid the nationwide buzz surrounding the OpenClaw AI agent.

At its annual technology conference in Beijing on Wednesday, the People’s Bank of China called for further efforts to “enhance the resilience of cybersecurity and data security”, according to a readout of the meeting posted on its website.

The central bank also said the deployment of AI in the financial sector should be managed in a “proactive yet prudent, safe and orderly” manner.

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This year, according to the readout, the central bank’s technology agenda will focus on mitigating risks, tightening supervision and fostering high-quality development, while employing a policy approach focused on pre-empting extreme risks to continuously refine its regulatory framework.

The PBOC also called for deeper integration of banking and technology at the conference, aiming to fully unleash the potential of intelligent digital development.

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That aligns with the central bank’s long-standing policy of encouraging technological empowerment across the banking sector, while ensuring that the transition remains safe and orderly.

The meeting brought together the heads of the PBOC’s departments and branches, along with its deputy governor, Zou Lan.

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