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Hong Kong Launches Web3.0 Association to Develop Virtual Asset Market on April 11th

Hong Kong is taking steps to develop Web3.0, the third generation of the internet. The Hong Kong Web3.0 Association, consisting of financial technology companies, industry leaders, and legislators, will be officially launched on April 11th.

The former CEO of the Hong Kong Monetary Authority, Norman Chan, will be the association's president, and former Secretary for Financial Services and the Treasury, Chan Ka-keung, will be the chief financial advisor.

The association's members include heavyweight figures such as Li Feng, Chairman of China Mobile Hong Kong, and Chen Chun, a member of the Chinese Academy of Engineering. The government is keen to develop Web3.0 and has already issued a policy statement on the development of virtual assets in Hong Kong. The Hong Kong Monetary Authority is also considering issuing e-HKD, a digital version of the Hong Kong Dollar, as a stablecoin. The government hopes that these initiatives will put Hong Kong at the forefront of the virtual asset market.

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Finance Chief Backs Hong Kong’s Investment in Web3 Digital Economy

Hong Kong Takes the Lead in Blockchain Logistics 

Hong Kong Web3 Festival 2023 Theme Series Events on April 11th Overview

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