Ping An Bank has approved internal management rules for artificial intelligence, becoming the first listed Chinese lender to formally adopt an AI governance framework.

The Shenzhen-listed lender announced the board-approved measures in a filing on Wednesday, following a push by regulators for banks to strengthen oversight of AI use.

By the end of June, the bank had rolled out more than 450 large-model AI use cases across marketing, investment advice, compliance and risk control, according to its interim report.

Operational AI risks are classified into distinct tiers and folded into the bank’s enterprise risk-management system. While the lender confirmed the board approval in a regulatory filing, it has not published the full text of the rules.

All 42 A-share listed commercial banks in mainland China referenced AI deployments in their interim financial reports this year. Several other listed lenders are preparing matching compliance rules to meet state regulatory requirements.

Across the region, formalising AI governance shifts the technology from experimental pilots to audited core infrastructure. The operational risk lies in compliance execution. Internal oversight mechanisms must keep pace with rapid deployment without choking automated workflow efficiency.

Regulators in neighbouring Hong Kong are pushing financial firms to adopt autonomous systems while maintaining cross-border compliance standards. In March, financial authorities expanded a supervised generative AI sandbox to include securities brokerages, insurance underwriters and pension funds. The program first launched for retail banks in 2024.

Financial Secretary Paul Chan Mo-po stated that Hong Kong provides a testing environment for model training, data security and cross-border financial data flows under common law standards.

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