ChainCatcher news, Chen Dekun, the president of the Hong Kong Web 3.0 Association, submitted a proposal on behalf of the association regarding the policy address, presenting four recommendations: to build an open permissioned blockchain in Hong Kong that is autonomous and trustworthy; to enhance the professional and technical standards of Hong Kong's Web 3.0; to accelerate the implementation of stablecoins in Hong Kong; and for the government to establish a cross-departmental working group to review existing laws, policies, and measures, and make specific recommendations to promote Hong Kong as a hub for RWA.

ChainCatcher news, the Hong Kong Web3.0 Association was established on the 11th. In addition to the relevant association, Hong Kong will also set up the Web3Hub fund to support more overseas Web3.0 enterprises to settle in Hong Kong. The fund will be chaired by the Financial Secretary of Hong Kong, Paul Chan, and will have a management committee composed of several experts from the fields of fintech, blockchain, cryptocurrency, and more.The fund will collaborate with organizations such as the Hong Kong Science Park and the Innovation and Technology Commission to provide one-stop services for overseas Web3.0 enterprises. It is reported that the fund has already received applications from multiple Web3.0 projects from the United States, Europe, Singapore, and other regions, covering areas including DeFi, NFTs, the metaverse, and decentralized social media (Dsocial). The fund plans to start investing in and supporting these projects in the second half of this year. (Source link)

ChainCatcher news, Hong Kong Chief Executive John Lee stated during the inauguration ceremony of the Hong Kong Web3.0 Association that he hopes the association will collaborate with the government to accelerate the development of innovation and technology as well as finance in Hong Kong, increasing the volume of talent and enterprises attracted to the city, and bringing more top-tier organizations to Hong Kong to showcase their capabilities. Web3.0 plays a key role in the development of fintech. At the end of last year, the government issued a virtual asset policy declaration, demonstrating an open attitude and firm determination. Recently, some leading tech companies and high-tech startups are considering expanding their businesses in Hong Kong, including virtual asset trading platforms, blockchain infrastructure companies, virtual currency wallets, payment companies, and other related projects, which are believed to contribute to the development of Web3.0. The government also needs to establish appropriate regulations for the market, with a new licensing system for virtual asset service providers set to be implemented in June, ensuring the market develops in a stable and orderly manner.John Lee stated that President Xi Jinping emphasized the need to enhance technology and self-reliance capabilities, continuously strengthening the country's technological strength. The 14th Five-Year Plan clearly supports Hong Kong in building an international innovation and technology center. Innovation and technology is a key development area for Hong Kong, and the development of Web3.0 is at a golden starting point, capable of changing existing business operation models while creating more new opportunities. Hong Kong should dare to be a leader in this wave of innovation. The budget announced earlier by the government allocated 50 million HKD to Cyberport to accelerate the development of Hong Kong's Web3.0 ecosystem, and Cyberport has also established a Web3 base. (Source link)

ChainCatcher news, the Chairman of the Hong Kong Legislative Council, Leung Kwan-yin, presented the appointment certificate of the President of the Hong Kong Web3.0 Association to the former Chief Executive of the Monetary Authority, Norman Chan, at the inauguration ceremony of the Hong Kong Web3.0 Association. Academician of the Chinese Academy of Engineering, Chen Chun, Chairman of China Mobile Hong Kong, Li Feng, and the Honorary President of the Internet Professionals Association, Chen Shaojie, serve as Honorary Presidents of the Hong Kong Web3.0 Association. The Vice President of the Hong Kong University of Science and Technology, Wang Yang, serves as the Chief Scientific Advisor, and the former Secretary for Financial Services and the Treasury, Chan Ka-keung, serves as the Chief Financial Advisor. (source link)

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)

ChainCatcher news, according to the official website of the Hong Kong Web3 Association, the Hong Kong Web3 Association has opened membership applications, with available membership types divided into senior members, premium members, and regular members.The Hong Kong Web3 Association stated that it will provide members with the latest Web 3.0 information and regularly hold meetings, research sessions, field observations, and other activities to promote the development of Web 3.0 and cross-border cooperation. (source link)

ChainCatcher news reports that, according to multiple sources, the Hong Kong Web3.0 Association, composed of several financial technology companies from Hong Kong and mainland China, industry leaders, and multiple Legislative Council members, will be officially established on the 11th. The former president of the Monetary Authority, Norman Chan, who has invested in financial technology in recent years, will serve as the president, while the former Secretary for Financial Services and the Treasury, Chan Ka-keung, will take on the role of chief financial advisor. It is understood that Chief Executive John Lee and leaders from the Liaison Office of the Central People's Government will attend the inauguration ceremony held in the lobby of the Hong Kong Stock Exchange to demonstrate the support of the central and Hong Kong SAR governments.The news indicates that the members of the association are all heavyweight figures in the industry, including Legislative Council member and co-founder of the startup accelerator G-Rocket, Wu Jietzhuang, Chairman of China Mobile Hong Kong, Li Feng, co-founder of Zhongyou Game, Xi Handi, Vice President of Douyin Group, Tian Xiaoan, and Legislative Council member from Hong Kong's technology and innovation sector, Lau Tak-kwong, among others.In addition to the relevant association, Hong Kong will also establish the Web3Hub fund to support more overseas Web3.0 companies to settle in Hong Kong. Wu Jietzhuang stated that the Web3Hub fund is very important, as many entrepreneurs in innovative industries are still deciding whether to develop in Singapore or Hong Kong. He believes that through the fund and some acceleration programs, many technology-driven teams can be attracted to develop in Hong Kong. He is confident that Hong Kong can leverage its traditional financial advantages combined with technology projects to become the most important Web3.0 center in Asia, and it may also become one of the leading centers in the world. (source link）