Hong Kong Securities and Futures Commission's Liang Fengyi: Establishing a responsible and sustainable Web3 ecosystem is crucial for the development of the financial industry

ChainCatcher news, the CEO of the Securities and Futures Commission, Ashley Alder, delivered a speech at the Greenwich Economic Forum (Hong Kong). She stated that building a responsible and sustainable Web3 ecosystem in Hong Kong is crucial for supporting the development of the financial industry. Technology is changing people's lives, and Distributed Ledger Technology (DLT) will bring transformation to financial services. Tokenization can promote financial inclusion, as well as enhance industry efficiency and reduce costs.

She pointed out that the SFC believes that "innovation" and "regulation" should complement each other. The regulator's responsibility is to provide a clear, certain, and consistent framework for the market to expand use cases. Ashley Alder also encouraged the industry to actively test use cases. If the financial market is to reach new heights, traditional finance should embrace responsible innovation, and she urged the industry: the future is at hand, and now is the critical moment to seize new opportunities.