Xu Zhengyu: There has been an increase in the number of virtual assets or Web3 institutions settling in parks such as Cyberport

Hong Kong Secretary for Financial Services and the Treasury Hui Ching-yu said that the liquidity of electronic money must be much stronger than that of spot goods, so cross-border arrangements must be made to open up barriers so that Hong Kong residents traveling north or mainland residents coming to Hong Kong can use electronic money. Xu Zhengyu also said that the three major initiatives proposed during the Fintech Week earlier were all related to the real economy, including the launch of a comprehensive fund platform for the retail market, allowing overseas asset management companies to develop new products targeting Hong Kong retail investors. I think it will definitely increase government tax revenue. In addition, he pointed out that the number of virtual assets or Web3 organizations settling in Cyberport or other parks has increased, and the number of inquiries received by Invest Hong Kong has also increased significantly, describing it as a good momentum. (Radio Television Hong Kong)