Paul Chan Mo-po: Hong Kong has a clear goal of developing a third-generation Internet hub

Paul Chan, Financial Secretary of Hong Kong, stated that the goal of Hong Kong is clear to develop as a hub for the third generation of the internet, Web3.0. Cyberport has already gathered over 210 companies involved in Web3.0, with founders from over 20 countries and regions worldwide, covering a wide range of businesses. Hong Kong released a policy statement on the development of virtual assets in Hong Kong at the end of October last year, and it has been over a year since then. The third-generation internet market is developing rapidly, with some challenges and greater opportunities. Paul Chan also stated that security is a must and development is necessary. In the pattern of winner takes all, driven by the first-mover effect and network effect in the online world, how to seize opportunities in challenges and transform them into new blue oceans is a key question in continuously leading the global Web3.0 market.