- Hong Kong supports the growth of DeFi, Web3, crypto, and other diverse areas.
- Wong Wai-lun, Acting Financial Secretary of Hong Kong, assures the region will take initiatives to establish a crypto hub.
- SFC and CSRC introduced five capital market cooperation measures to ensure Hong Kong’s financial growth.
Hong Kong Acting Financial Secretary Wong Wai-lun affirmed the city’s active engagement in the establishment of a crypto hub, a vision that Hong Kong has long embraced. Wai-lun asserted that Hong Kong envisions financial innovation and promotes the growth of diverse areas, including financial technology, green finance, decentralized finance (DeFi), Web3, and cryptocurrencies.
During the 2024 Caixin Summer Summit, Wai-lun highlighted Hong Kong’s key advantage of being “backed by the motherland and connected to the world.” In his keynote address, he added that Hong Kong’s unique position is advantageous for the city’s venture to develop a full-fledged crypto ecosystem.
The government official promised that Hong Kong would continue to take initiatives across different areas, ensuring the region’s financial and technological prosperity. The Gov…
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