The overseas edition of People's Daily published an article titled "Hong Kong's Financial Technology Development Bursts with Innovation". The article pointed out that there are already more than 800 fintech companies and over 3,900 start-ups in Hong Kong, with more than 10 unicorn companies establishing their headquarters in Hong Kong. Innovative companies, start-ups, and large financial institutions are actively adopting cutting-edge technologies such as artificial intelligence, blockchain, and digital payments. The Hong Kong Treasury Department has also announced a number of measures, including welcoming the cross-border use of digital renminbi, promoting applications and innovations related to virtual assets and Web3.0 in the real economy, and further improving the regulatory framework.