In his speech at the opening ceremony of the Cyberport Digital Entertainment Leaders Symposium, Hong Kong Financial Secretary Chen Maobo said that the government believes in the development potential of Web3 and blockchain, which can accelerate innovation, stimulate new business models, and provide different services for finance, trade, manufacturing, logistics and other fields. possibility.
He mentioned that the government has issued a policy declaration on the development of virtual assets, and also established a Web3 development task force in July, chaired by Chen Maobo.
Chen Maobo said that this year’s Hong Kong government budget allocated 50 million yuan to Cyberport for Web3 construction. At present, Cyberport has more than 170 companies from more than 20 countries or regions engaged in Web3-related work.