ChainCatcher news, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, published a blog post today titled "Strengthening Foundations and Enhancing Quality Development." The disclosed information shows that over 400 companies have settled in Cyberport in the past year, bringing the total number of companies in the community to over 2,000, among which 8 are unicorns; startups have raised a total of over 40.6 billion HKD, with a clear advantage in the fintech and third-generation internet sectors. The development of artificial intelligence is accelerating and technically supporting the digital transformation of Hong Kong enterprises.

ChainCatcher news, Hong Kong Financial Secretary Paul Chan stated that the goal of developing Hong Kong into a third-generation Internet Web 3.0 hub is clear. To date, Cyberport has gathered over 210 companies engaged in Web 3.0, with founders from more than 20 countries and regions, covering a wide range of businesses. Last October, Hong Kong released a policy declaration regarding the development of virtual assets in the region, and it has been over a year since then. The third-generation Internet market has developed rapidly, encountering some challenges along the way, but also presenting greater opportunities. Paul Chan also emphasized that security is essential, and development is necessary. Under the first-mover effect and agglomeration effect in the online world, in a winner-takes-all scenario, how to seize opportunities amidst challenges and transform them into new blue oceans is a key question for maintaining a leading position in the global Web 3.0 market.

ChainCatcher news, the inauguration ceremony of the Hong Kong Web3.0 Association officially opened and was live-streamed online. The ceremony agenda includes speeches by the council president and the guest of honor, the appointment ceremony of the association's main members, a summit forum, and other activities. Attending guests include the Chief Executive of the Hong Kong Special Administrative Region, John Lee, the Chairman of the Legislative Council, Andrew Leung, and the Secretary for Security, Chris Tang.The Hong Kong Web3.0 Association is a cross-industry and non-profit organization aimed at responding to the call of the national and Hong Kong SAR governments to promote the construction of Hong Kong's digital new world "Web3.0" ecosystem, the "third generation of the internet." The association is committed to promoting technological transformation and industrial upgrading, establishing industry standards for the sector.ChainCatcher previously reported that the Hong Kong Web 3.0 Association, composed of multiple industry leaders and Legislative Council members, will officially be established on the 11th of this month. The members include heavyweight figures from the finance and technology sectors, and there are plans to establish the Web3Hub fund. (source link)