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Hong Kong's Chief Executive Allocates Over HKD 700 Million for Digital Economy Development

April 13 (Cointime) - Li Jiachao, the Chief Executive of the Hong Kong Special Administrative Region Government, announced that this year's budget will allocate more than HKD 700 million to expedite the development of the digital economy. Additionally, over HKD 9 million will be dedicated to launching a series of international initiatives and measures. Li emphasized the importance of promoting Hong Kong's virtual asset industry, highlighting the significant potential for growth within the third-generation internet, represented by Web3.0.

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