EconomyCommercial lenders bear heavier AI burden than central banks, ICBC president says
As AI transforms finance, Industrial and Commercial Bank of China president Liu Jun says commercial lenders face a “more miserable” transition than central banks. Central banks focus on oversight and policy, while commercial lenders assume direct financial and legal liability when deploying AI at scale.
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South China Morning Post★★☆☆☆2026-10-20 23:00Original
Commercial lenders bear heavier AI burden than central banks, ICBC president says
Economy