Hong Kong Financial Secretary Paul Chan: A grant of 50 million HKD will be allocated to promote industry development, along with the launch of several talent attraction programs

ChainCatcher news, at the Web3 Hong Kong Carnival summit held today, the Acting Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Chan Ho-lam, stated that since Hong Kong launched relevant policies last year, various types of Web3 companies, including virtual asset exchanges, virtual asset cybersecurity companies, virtual asset wallets, and payment institutions, have decided to establish their international headquarters or expand their operations in Hong Kong. Hong Kong will implement a licensing system for virtual asset exchanges in June this year and has issued tokenized government green bonds in February this year.

In addition, the Hong Kong budget announced a funding allocation of 50 million HKD to promote industry development. To attract and cultivate relevant talent in the industry, a brokerage student fintech internship program will be launched to allow more outstanding talent to dedicate themselves to the fintech industry in the future.