Liu Furong, member of the Hong Kong government's third-generation Internet (Web3.0) development task force and CEO and executive director of Yuchengco Gold, said in a recent interview that he hopes the task force can promote more Web3-related technologies, such as token trading between different blockchains and anti-counterfeiting authentication, to consolidate Hong Kong's position as an international financial center. Liu Furong also added that there is no clear profit model for Web3 companies in Hong Kong, and they are not making much money. The task force has not yet reached a consensus. Earlier this month, Yuchengco Gold announced a partnership with Chainlink Labs to develop cross-chain fund tokens.
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