Hong Kong Fok Group joins forces with Hedgue LLP and Energix to launch cross-border cooperation in RWA
According to recent announcements, Energix, based in California, has established a strategic partnership with the Hong Kong Ho's Group and Hedgue LLP to support Energix's rapid expansion in the US energy transition market. It is reported that Energix has a complete operating license and has received investment support for the US 2022 inflation reduction bill and California's climate action goals. The company's backend solution can integrate battery energy storage systems with solar power generation and electric vehicle charging stations to meet customers' ESG goals. This new strategic partnership will provide financial support and industry expertise to Energix. The Ho's Group will invest in Energix to accelerate its growth plan. Ho's Group CEO Sam said: "Energix is innovating efficient integration of distributed sustainable energy generation and consumption. We are proud to support their promotion of renewable BTM infrastructure in the United States and establish bridges for the Tokenization of RWA projects." Investment bank Hedgue LLP, as the exclusive Web3 partner of the Ho's Group, will provide corresponding knowledge and support during the development of Energix's RWA project.
Survey: 41% of Hong Kong adult investors are currently unwilling to hold any crypto assets
According to DL News on October 18, after the JPEX incident, the attitude of Hong Kong residents towards cryptocurrency has deteriorated. A survey by the School of Business and Management of the Hong Kong University of Science and Technology showed that among 2,200 respondents aged 18 or above, 41% currently do not want to hold any cryptocurrency. This is a significant increase of 12 percentage points compared to a similar survey conducted on 5,700 people from April to May.
Although 84% of respondents claimed to have heard of virtual assets, only 27% of them hold or currently own cryptocurrency. In addition, the desire to own cryptocurrency in the future has also weakened, with only 20% of people expressing interest, a decrease of 5 percentage points from the previous survey. Among those willing to invest in cryptocurrency, 80% plan to hold cryptocurrency worth HKD 50,000 or less.
Hong Kong’s “Cyberport Venture Capital Forum” Will Be Held From October 31 to November 1
In the face of the continued instability of the global economy and geopolitics, this year's annual Hong Kong "Cyberport Venture Capital Forum" (CVCF) has the theme of "Technology Innovation Leads Venture Capital Future", and was held from October 31 to November 1 in a hybrid form of "online + offline". The forum will bring together influential investors and entrepreneurs from around the world to explore the infinite opportunities, potential and hope hidden in the global economic recovery and emerging technologies such as Web3 and artificial intelligence.
Beijing-Hong Kong joint construction of Web3.0 digital industry cooperation launched to jointly build a Web3.0 fund digital center
Beijing Science and Technology Commission, Zhongguancun Science and Technology Park Management Committee, and Chaoyang District People's Government jointly hosted the Beijing Internet 3.0 Innovation Ecological Development Conference. During the conference, the "Zhongguancun Internet 3.0 Industrial Park" was officially unveiled, which is the first Internet 3.0 industry base in China. The Beijing-Hong Kong Internet 3.0 digital industry joint construction cooperation was also launched at the same time, jointly building the future Web3Hub (Web3.0 Fund) digital center. Through the joint construction and cooperation of the Beijing-Hong Kong Internet 3.0 digital industry, Beijing, Hong Kong, and other places are strengthening technological exchanges and investment cooperation to jointly promote the innovation and development of Web3.0 technology. In the future era of the Internet, Web3.0 will bring more opportunities and challenges. The cooperation and innovative development between Hong Kong and Beijing will provide important reference value for the global progress of Web3.0.
Vice Dean of Hong Kong University of Science and Technology: The survey found that only 10% of the respondents believed that they “clearly understand” virtual assets
Huang Hao, Vice Dean of the Hong Kong University of Science and Technology, pointed out that in terms of understanding, a survey found that only 10% of respondents believed they had a "clear understanding" of virtual assets, while as many as 73% of respondents were interested in investing in Bitcoin, which accounts for a large proportion of virtual assets. Recently, the cryptocurrency storm has not only attracted public attention to virtual assets and their regulation, but also made citizens more conservative about investing in virtual assets. However, he believes that virtual assets have been in existence for more than ten years and have been able to invest without supervision all along, and he believes that regulation will promote the long-term healthy development of the industry.
Hang Seng Bank in Hong Kong: It Launched the NFT Wallet “HS3” Earlier This Year
Hong Kong financial giant Hang Seng Bank stated that it will actively pay attention to the development of Web 3.0 and the virtual asset market to explore financial innovation. Hang Seng announced that it opened a Hang Seng Bank metaverse branch in the virtual world The Sandbox's MetaGreen earlier this year. In addition, Hang Seng Bank also revealed that it launched the first NFT wallet for customer use in the Hong Kong retail banking industry, "HS3," earlier this year.
General Counsel of BOCHK: The Hong Kong Securities and Futures Commission Must Take the Initiative to Assume the Responsibility of Monitoring Unlicensed Trading Platforms During the “Transition Period
Carmen Kan Wai Mun, the general counsel of Bank of China (Hong Kong) and a member of the Hong Kong Legislative Council, wrote an article in Sing Tao Daily titled "Developing Virtual Assets with 'Control and Guidance, Teaching and Direction'". The article pointed out that the Hong Kong Securities and Futures Commission lacked efficient channels for information dissemination and insufficient crisis awareness during the JPEX incident.
Crypto trading platform Meex has recently applied for a license from the Hong Kong Securities and Futures Commission
On October 16th, according to a list published on the website of the Hong Kong Securities and Futures Commission, the cryptocurrency trading platform Meex submitted a license application to the Hong Kong Securities and Futures Commission on October 12th.
Hong Kong BC Technology Group plans to sell its digital asset platform OSL at a valuation of HK$1 billion
On October 16th, according to sources cited by Bloomberg, Hong Kong-based BC Technology Group (00863) is considering selling its digital asset platform OSL, which is one of only two licensed trading platforms under the digital asset regulations introduced in Hong Kong in June of this year. BC Technology Group has expressed interest in OSL to potential buyers such as industry participants and funds, proposing a valuation of HKD 1 billion (USD 128 million).
OSL's business covers major brokerage, trading, and custody services in the cryptocurrency market, as well as providing virtual asset trading infrastructure for financial institutions. Sources say that BC Technology may decide to sell only part of OSL's business, rather than the entire business. The transaction is still under consideration and the final outcome is uncertain.
Hong Kong Monetary Authority: The second round of public consultation on the regulatory framework for stablecoins will “be announced as soon as possible”
Ruan Guoheng, the Deputy Chief Executive of the Hong Kong Monetary Authority, revealed in the latest briefing that the HKMA previously announced plans to conduct a second round of public consultation on the regulatory framework for stablecoins within the year. The recent JPEX incident highlighted the need for effective regulatory systems, and related work is still ongoing, with the hope of making an announcement soon.
