ChainCatcher news, at the Web3 Hong Kong Carnival Summit held today, Liu Huiping, Vice President of the Hong Kong Trade Development Council, stated that Hong Kong's economy consists of three layers: trade and manufacturing, logistics, finance and capital markets, and the digital economy. Web3 can also contribute to the achievements of the first two layers and become a leader. I suggest that the future development of Web3 should assist the real economy and help the financial and capital markets, which will also promote and support Web3 further.Liu Huiping mentioned that in the past three years, small and medium-sized enterprises (SMEs) in Hong Kong have been the main service target of the Hong Kong Trade Development Council. These SMEs have been greatly impacted by the pandemic, and their businesses have been affected significantly. If Web3 can help SMEs address their pain points, you can immediately tap into 98% of Hong Kong's economy, as 98% of it is made up of SMEs, and the potential here is enormous. Web3 can better protect privacy, manage cross-border payments, and handle many tracking processes. All these technologies can help SMEs operate more smoothly and assist them in transaction bookkeeping, record-keeping, customer management, supply chain management, as well as financing and lending. Smart contracts have great potential in this area. If you can develop such solutions, the Hong Kong Trade Development Council, where I work, is very willing to collaborate with you and listen to your suggestions. The mission of the Hong Kong Trade Development Council is to assist SMEs, especially during the difficult times after the pandemic.Liu Huiping emphasized that the Trade Development Council is very willing to help SMEs better understand the opportunities that Web3 brings to them and encourages them to embrace more solutions, whether hardware or software.