Web3Hub Fund

Hong Kong Chief Executive John Lee will attend the inauguration ceremony of the Hong Kong Web3.0 Association on April 11

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)
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