ChainCatcher news, Hong Kong Legislative Council member Wu Jietzhuang posted on social media: "The Hong Kong Monetary Authority recently published a report on virtual banks. I appreciate the Hong Kong SAR government's support for the upgrading of banking services and the development of virtual banks in recent years, but at the same time, my team conducted a survey on the opinions of Web3 companies regarding banking services in Hong Kong, which indicated that Web3 companies are facing difficulties in opening accounts, leading to ineffective business development. Therefore, I propose at today's press conference:Virtual banks should diversify their services and develop in a way that complements traditional banks.⁠Hong Kong should establish virtual asset/digital asset banks as soon as possible or upgrade virtual banks to manage virtual assets, in line with the SAR government's Web3 development.⁠Hong Kong should accelerate the development of the Web3 ecosystem. Currently, virtual asset policies are a focal point of discussion among global governments, and we should strive to become the Hong Kong Web3 center by promoting the development of the entire chain and ecosystem as soon as possible."

ChainCatcher news, Hong Kong Legislative Council member Wu Jietzhuang wrote an article in the Ta Kung Pao titled "Inside and Outside the Parliament / Tripartite Efforts to Develop 'Virtual Asset Banks'." The article points out the establishment of "virtual asset banks" to address industry pain points, further providing comprehensive virtual financial services and facilities.The specific content includes: providing buying and selling as well as exchange services for individual customers of virtual currencies, offering unified virtual asset clearing, settlement, and custody services for qualified virtual asset service providers, lowering the market entry threshold for small and medium-sized investors; and assisting and encouraging the industry to provide related insurance, funds, asset management, and other "middle-income businesses," offering more innovative virtual financial products and services, and comprehensively developing an ecosystem that combines traditional and virtual finance.