On October 31, the Hong Kong government issued a policy declaration on the development of virtual assets in Hong Kong, which triggered extensive discussions among Web3.0 people. Is the new policy of the Hong Kong government a major benefit? At 22:00 that night, the twitter space of "Rise of Hong Kong: Interpretation of Hong Kong's Heavy Encryption New Deal" jointly launched by Hong Kong Legislative Council Member Wu Jiezhuang and Nano Labs founder Jack Kong was officially opened, and the audience interpreted the New Deal together.
The Space event was hosted by NFT ERA and hosted by special guest Yi Nengjing. The speakers included Hong Kong Cyberport executives, Hashkey chairman Xiao Feng, Nano Labs founder Jack Kong, TRON founder/Huobi consultant Justin Sun, and Huobi co-founder Du Jun, Chairman of Linekong Interactive/Element founder Wang Feng, twit CEO Guo Hongcai and other top industry leaders, other well-known investors, exchange executives, Web3 representative institutions, and community KOLs also went online in turn.
At the beginning of the event, the executives of Hong Kong Cyberport said that the Hong Kong government's stance on virtual assets will enable fintech to exert its productivity in a clearer and more flexible regulatory environment, expand business opportunities for Hong Kong, and consolidate Hong Kong's position as a fintech center. As a well-known innovation and technology development and entrepreneurship cultivation base in Hong Kong, Cyberport welcomes entrepreneurs in the Web3 field to take root.
Subsequently, Xiao Feng, chairman of hashkey, as an "experienced person" with experience in setting up office space in Cyberport, introduced some Hong Kong policies to everyone: the proposed effective date of Hong Kong's comprehensive licensing system is March 1, 2023, which means that in After this node, Web3 entrepreneurs will accept mandatory license management. Xiao Feng said that before the promulgation of the new policy, the SAR government did not voice any opposition to Web3. After the promulgation of the new policy, the government's attitude towards Web3 entrepreneurs has become clearer. There will be no obstacles for Web3 entrepreneurs to start businesses in Hong Kong.
Jack Kong, the founder of Nano Labs, left a golden sentence at the event, "Hong Kong is one of the few regions that can compete with the mainland for efficiency and the legal system with Europe and the United States." Jack Kong said that just as Singapore has become a Chinese Web3 hub, Hong Kong can also Become a "bridgehead" for Chinese entrepreneurs. The more soil suitable for Chinese entrepreneurs in the future, the greater the influence of Chinese will be.
Justin Sun, the founder of TRON and Global Advisor of Huobi, gave the audience a boost in his straightforward speech, "Huobi and Tron will go all out to embrace and support Hong Kong's new encryption policy. In the future, we will focus on Hong Kong's follow-up policies and actively Apply for relevant compliance licenses, and look forward to cooperating with the Hong Kong government in the fields of stable currency, NFT and exchange business, and become the first choice for customers and Web3 entrepreneurs in Hong Kong.”
Du Jun, co-founder of Huobi, supports Hong Kong’s new policy. “The Hong Kong government’s new policy is a positive signal to the market. It has brought great confidence and encouragement to Chinese Web3 entrepreneurs around the world,” Du Jun said. In contrast, Hong Kong, China is backed by the mainland and has a strong talent advantage. For Huobi and global Web3 entrepreneurs, it can better solve the talent reserve problem and facilitate local business development.
Wang Feng, Chairman of Linekong Interactive/Founder of Element, made the finale speech, "Although the encryption market in 2022 is in a bear market, it will actually be a year of technological improvement, such as the merger of Ethereum 2.0, the new public chain of the Move language, the second-tier network, and the leapfrog network. The influx of more and more NFT market platforms has injected vitality into the encryption market. And more and more builders are from founders or developers with Chinese background. The introduction of the Hong Kong encryption new policy will give Chinese A fair chance to compete in global encryption technology."
As the speeches of the keynote speakers come to an end, "The Great Tide Rising to Hong Kong: Interpretation of Hong Kong's Heavy Encryption New Deal" entered the second half. At the beginning of the second half, coincidentally with several other keynote speakers, G-rocket CEO Huang Junlang, as the policy advisor of Mr. Wu Jiezhuang and the person in charge of the company, explained the Hong Kong New Deal to the audience in detail. Huang Junlang agreed with Mr. Xiao Feng's emphasis on "one country, two systems" in Hong Kong, saying that Hong Kong will treat entrepreneurs in the Web3 field in an inclusive manner in accordance with its own rules and regulations. In order to welcome technology, financial companies and talents, Hong Kong has relaxed the epidemic prevention policy to "0+3", and relaxed the excellent talent plan, professional talent plan and investment conditions. Moreover, Huang Junlang revealed that the Hong Kong government will set up Web3 Pot to implement today's policy. The government will also jointly incubate with Cyberport, and provide policy and financial support for technology companies. The government will also conduct investment education for retail investors to protect retail investors.
Subsequently, OKX, Animoca Brand, Bisheng Capital, Waterdrop Capital, NFTSTAR, iPolloverse, Kucoin, Bitmart, Mexc, Certik, Consensus Lab, Marsbit, CTC, Cointime, Odaily, Nswap, Universe, ND LABS, Dr.Ji, Diving Observers, Hebi, Moonlight and other investment institutions, financial platforms, Web3 institutions, and community KOL representatives were also invited to participate in this meeting, and had dialogues with guests from Hong Kong to obtain more advice on the New Deal.
The twitter space, which lasted five hours, experienced five explosions due to the full number of people, and finally nearly 500,000 views on the entire network. "The Great Tide Rising to Hong Kong: Interpretation of Hong Kong's Heavy Encryption New Deal" also allows us to see the enthusiasm of the Chinese people in Web3, and hopes to work together with Hong Kong as the center to convey the voice of the Chinese.
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