ChainCatcher message, Hong Kong Chief Executive John Lee's X account is suspected to be hacked, and has posted content related to tokens. Please be aware of the risks.

ChainCatcher news, the Chief Executive of the Hong Kong Special Administrative Region, John Lee, stated that the government will continue to promote the policy stance and guidelines for innovative financial services applications of central bank digital currency, mobile payments, virtual banks, virtual insurance, and virtual asset trading using artificial intelligence.Measures include: 1. Promoting the application of central bank digital currency for cross-border payments. The Hong Kong Monetary Authority is actively testing and exploring more technological solutions and scenarios related to cross-border trade settlement on various central bank digital currency cross-border networks, and expanding the participation of public and private institutions. 2. Improving the regulation of virtual assets and trading. The Financial Services and the Treasury Bureau will complete the second round of consultation on the regulation of over-the-counter trading of virtual assets and submit a virtual licensing system to regulate virtual asset custodial service providers. 3. Promoting the tokenization of real-world assets and the digital currency ecosystem. The Hong Kong Monetary Authority is promoting the progress of the Ensemble project.

ChainCatcher news, John Lee accepted an exclusive interview with Ta Kung Pao and stated that the country has requirements for Hong Kong, reflecting the central government's recognition of the advantages of the special administrative region in finance, shipping, and trade. Hong Kong must make good use of these advantages, promote them, and strengthen them. John Lee stated that the Hong Kong government is promoting the healthy development of the financial market in various ways. Taking the stock market as an example, the government established a dedicated task force to promote stock market liquidity last August, and most of the 12 short-term measures mentioned to improve market competitiveness have been implemented so far. The government is also actively seeking new economic growth points, and currently, virtual asset trading has been launched in Hong Kong. It is hoped that after tokenization trading and asset management, more applications in trade can be promoted.

ChainCatcher news, Hong Kong SAR Chief Executive John Lee delivered a speech at the Innovation, Technology and Arts Development Summit Forum 2023 held today, stating that this forum is themed "Web 3.0 Return: Building a New Golden Starting Point," closely aligning with Hong Kong's direction for developing new growth points in innovation technology and cultural arts under the "14th Five-Year Plan." Web 3.0 represents a new direction for the internet, integrating technologies that have gained significant attention in recent years, and has the potential to become a trend driving the future development of finance and commerce.John Lee emphasized that the SAR government values the development of fintech and Web 3.0, and issued a policy declaration, clearly stating that Hong Kong holds an open and inclusive attitude towards global innovators engaged in virtual asset businesses. The government will collaborate with financial regulatory bodies to create a favorable environment that promotes the sustainable and responsible development of Hong Kong's financial industry. In June of this year, Hong Kong has already implemented a new licensing system for virtual asset trading platforms and is actively exploring regulatory arrangements for stablecoins. The government is also closely monitoring international developments to ensure that Hong Kong's regulatory requirements are prudent and facilitate market development.

ChainCatcher news, at the 2023 Digital Economy Summit, Hong Kong SAR Chief Executive John Lee stated that this year's budget will allocate over HKD 700 million to accelerate the development of the digital economy, and over HKD 9 million will be allocated to launch a series of international initiatives and measures. He emphasized the promotion of the development of Hong Kong's virtual asset industry, noting that Web 3.0, as the representative of the third generation of the internet, has immense growth potential. (Source: )

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)