Foresight News reported on the spot, in the "New Trends of Web3 Development in Hong Kong: Evolution and Integration from Web2 to Web3" event at the "2023 Hong Kong Web3 Carnival" venue 2, Chen Haolian, Director of the Financial Services and Treasury Bureau of the Government of the Hong Kong Special Administrative Region, said, Since Hong Kong introduced relevant policies last year, various types of Web3 companies, including virtual asset exchanges, virtual asset network security companies, virtual asset wallets, and payment institutions, have decided to set up their international headquarters or expand their scale in Hong Kong. Hong Kong will implement a licensing regime for virtual asset exchanges in June this year, and has already issued tokenized government green bonds in February this year. In addition, Hong Kong’s financial budget announced that it will allocate 50 million yuan to promote the development of the industry. In order to attract and train relevant talents in the industry, it will also launch a financial technology internship program for brokerage students, so that more outstanding talents will devote themselves to the financial technology industry in the future. "Web3 Festival" (Web3 Festival) is a Web3 event brand jointly launched by Wanxiang Blockchain Lab and HashKey Group, and hosted by W3ME. This year's "Web3 Carnival" will last from April 12 to April 15, and will focus on the core issues of various Web3 tracks such as regulatory policies, Web3 infrastructure, and Metaverse.