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CEO of Cyberport responds to the HK$50 million financial appropriation plan

Adrian Cheng, CEO of Hong Kong Cyberport, said in an interview reporters that the HK government's budget allocation of HKD 50 million to Cyberport for Web3 development is not a specific enterprise subsidy plan, but is used for overall talent cultivation, industry development, and promotion. This funding plan will be used within two years, with most of the funds being used in the first year.

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