Introduction
As an international financial center, Hong Kong’s Web3 policy changes have had a profound impact on the global blockchain ecosystem. Whether you are a founder of a Web3 startup or someone who has already established a company in other markets, you can obtain key information from it to better understand the regulatory environment in Hong Kong.
Hosted by Web3Labs and co-organized by MetaEra and Techubnews, this AMA in Hong Kong is dedicated to the topic of Hong Kong. We are honored to have Mr. Johnny NG, a member of the Hong Kong Legislative Council, to engage in a discussion with Web3 industry stakeholders and investors from around the world. Representatives from various fields will discuss how to maximize the positive changes brought by Hong Kong policies while ensuring compliance. Mr. Wu Jiezhuang will also share and provide us with detailed explanations about the current and future direction of Hong Kong’s Web3 policy from the perspective of legislators, and share and discuss the latest direction of the compliance development of Hong Kong’s Web3 industry with everyone.
1.Leveraging Policy Opportunities to Expand the Public Chain Ecosystem
TSENG KO-WEI, IOTA, Asia EcosystemLead
Expanding the public chain ecosystem hinges on deep collaboration with the government, achieving mass adoption through trust and compliance. He emphasizes that technology alone cannot stand out in the blockchain field; strong cooperation with government is needed. IOTA’s projects, successful in regions like the EU, East Africa, and Abu Dhabi, focus on practical applications like digital passports and trade data digitization. Hong Kong’s increasingly favorable regulatory environment presents new opportunities for expansion. Patience and long-term investment are key to gaining government support, necessary for widespread blockchain adoption.
2.Ensuring Investment Compliance Based on Hong Kong’s Industry Policies
Tabris, KuCoin, Head of Investment Research
Compliance is crucial for building trust and capturing market opportunities. As Hong Kong’s regulatory environment evolves, investment strategies must be adjusted to meet legal standards and maintain competitiveness. He suggests adopting business-friendly methods, ensuring projects strictly adhere to Hong Kong’s regulatory standards, like applying for VSP licenses. Collaborating with local compliant projects and banks familiar with the regulatory environment ensures smooth operations. Compliance is ongoing, requiring long-term compliant investment portfolios, controlled risks, and compliant exit strategies like equity transfers. Aligning with international compliance frameworks helps maintain market leadership. With clear boundaries and global rules, investing in Hong Kong’s fusion of traditional finance and digital assets is wise, making now the best time to invest in compliant projects.
3.Venture Capital and Liquidity Services: Case Studies from Hong Kong
Leo, KleinLabs, Head of Investment Research
VC and liquidity services play a crucial role in Hong Kong’s unique policy environment. VC not only provides funding but also supports Web3 startups’ rapid expansion through liquidity services, market making, and exchange listings. Progressive policies and regulatory transparency in Hong Kong provide a solid foundation for startups and VC, boosting institutional capital confidence. Two cases: a Hong Kong-based DeFi project enhanced market participation with Klein Labs’ liquidity services; an NFT marketplace project successfully navigated Hong Kong’s regulatory environment with strategic guidance and liquidity support. Hong Kong’s policy environment, progressive stance, and infrastructure attract institutional and retail investors, creating ideal conditions for Web3 companies’ growth. VC and liquidity services play a vital role in the success of Web3 startups in Hong Kong, with Klein Labs optimistic about future innovation.
4.GameFi Track and Hong Kong’s Policy Advantages
Atlas, GameSpace, Co-founder
With five key policies, Hong Kong is a global hub for gaming and Web3 innovation. These policies foster digital asset and blockchain technology development, attracting over 500 Web3 companies and creating over 1,000 jobs, showcasing strong support for digital assets. Through innovative Game-as-a-Service (Gaas) platforms, traditional games seamlessly integrate with Web3, supporting game companies of all sizes in transformation, reducing development and promotion costs, and providing comprehensive game models for greater Web3 ecosystem participation. As a bridge between East and West, Hong Kong’s unique geographic and cultural advantages facilitate the integration of Eastern investment and the global gaming ecosystem. Looking ahead, Hong Kong has the potential to become Asia’s Web3 Silicon Valley, driving global gaming and crypto culture integration. Overall, Hong Kong’s policies benefit individual companies and promote the global game finance and cryptocurrency ecosystem’s development, redefining the intersection of gaming and finance and creating sustainable interactive experiences.
5.Hong Kong’s Role as a Global Financial Center in Promoting DeFi Development
Marco, Infinix finance
Hong Kong, as a global financial center, plays a vital role in promoting DeFi (Decentralized Finance) development. Infinix platform provides opportunities for diverse investors to create on-chain ETFs and diversify investments through index tokens. Despite Hong Kong’s focus on Bitcoin and Ethereum, the DeFi market is relatively overlooked due to a lack of understanding. Building trust relies on knowledge and protection. Hong Kong actively promotes cryptocurrency and DeFi knowledge through events like FinTech Week, helping investors better understand the market beyond basic cryptocurrency knowledge. Additionally, Hong Kong’s robust legal and regulatory environment provides market assurance, balancing decentralization and centralized regulation. Infinix consults lawyers and experts to ensure compliance, supporting users in creating and trading index tokens and aggregating liquidity for buying and selling. They engage with various regulatory bodies to ensure compliance and protect user interests. Hong Kong’s legal and regulatory framework, along with strong government support, facilitates DeFi development.
6.Exploring Integration Opportunities of AI and Web3 Technologies in the Hong Kong Policy Market
Shiva, PublicAI, Head of Business Development
In the Hong Kong policy market, AI and Web3 technology integration shows significant potential. Hong Kong adopts a proactive regulatory approach, balancing consumer protection and flexible regulation. As a hub for tech companies and top universities, Hong Kong provides favorable conditions for AI and Web3 development. Through the establishment of Virtual Asset Service Providers (VASP) frameworks, Hong Kong ensures compliance with anti-money laundering and counter-terrorism financing regulations, supporting innovation and compliance. This environment protects consumers and offers greater operational freedom for businesses. Despite regulation often lagging behind industry development, Hong Kong’s flexibility makes it an ideal business location. As regulatory frameworks improve, Hong Kong will play a crucial role in AI and Web3 integration, supporting global tech innovation.
7.How to Find Breakthrough Points by Integrating AI Technology
Sunny, Owlx.ai, Ambassador
Owlx AI integrates AI technology, providing a tool for effectively identifying breakthrough points across industries. It seamlessly aggregates real-time information, helping users find leverage points in on-chain projects and closely monitoring trends and updates within the ecosystem. The platform focuses on decentralized exchanges and GameFi, offering trading strategies and market analysis. Its “Hot Recommendations” feature continuously updates critical insights, supporting users in making data-driven decisions quickly. By converting complex data into actionable insights, Owlx AI helps users navigate market changes flexibly, maintaining competitiveness in the rapidly evolving Web3 environment. Regardless of the industry focus, Owlx AI aids users in tracking hot topics and industry dynamics. Users can conveniently use these tools on platforms like WeChat to access the latest market analysis and project insights, discovering significant breakthrough opportunities across the industry.
8.How Hong Kong Will Maintain Its Global Financial Leadership in the Digital Economy
Johnny Wu, Member of the Legislative Council of Hong Kong
The Chief Executive’s policy address outlines Hong Kong’s policy trends and future prospects in the financial technology field, showcasing the government’s leadership and development determination in the digital economy.
Firstly, the government plans to accelerate the development of digital trade and fintech innovation ecosystems by promoting digital currencies and payment systems, simplifying cross-border transaction processes, improving transaction efficiency, and enhancing the regulatory environment to support emerging technology development. These measures facilitate business activities and promote collaboration among academia, industry, and government. Secondly, Hong Kong is actively exploring cross-border payments and Central Bank Digital Currencies (CBDCs), researching new international capital flow models through the Hong Kong Monetary Authority’s projects.
This exploration enhances payment efficiency and security, strengthening Hong Kong’s influence in the global financial technology field. In virtual asset regulation, Hong Kong implements strict licensing systems to protect investors and increase market transparency. The government encourages asset management companies to invest in virtual assets while strengthening risk management and compliance to ensure long-term market health.
Additionally, the government comprehensively promotes innovative financial services, supporting the development of virtual banks and online insurance, utilizing big data and artificial intelligence to enhance financial service diversity and quality, attracting more international investments. Education and public promotion strategies are also vital components of government policy. Through STEM education investment, the government aims to improve public acceptance of new technologies and cultivate a deep understanding of digital technology through workshops and media promotion. Hong Kong’s series of policy measures demonstrate its ambition in the global digital economy, laying a foundation for future development through specific and pragmatic policies. These initiatives will keep Hong Kong at the forefront of the global fintech stage, driving long-term economic growth and creating a stable, secure, and prosperous social environment.
About Web3Labs
As an international financial center, Hong Kong’s Web3 policy changes have had a profound impact on the global blockchain ecosystem. Whether you are a founder of a Web3 startup or someone who has already established a company in other markets, you can obtain key information from it to better understand the regulatory environment in Hong Kong.
Hosted by Web3Labs and co-organized by MetaEra and Techubnews, this AMA in Hong Kong is dedicated to the topic of Hong Kong. We are honored to have Mr. Johnny NG, a member of the Hong Kong Legislative Council, to engage in a discussion with Web3 industry stakeholders and investors from around the world. Representatives from various fields will discuss how to maximize the positive changes brought by Hong Kong policies while ensuring compliance. Mr. Wu Jiezhuang will also share and provide us with detailed explanations about the current and future direction of Hong Kong’s Web3 policy from the perspective of legislators, and share and discuss the latest direction of the compliance development of Hong Kong’s Web3 industry with everyone.
