PANews reported on October 23rd that at the Greater Bay Area Forum on Financial Connectivity, Talent Cultivation, and Cultural Unity, co-hosted by China Daily and the "Hong Kong Restart" Alliance, HashKey Capital CEO Deng Chao stated that Hong Kong, driven by the active promotion of its government and regulators, is becoming a key hub for the global development of Web3 and digital assets. Deng Chao noted that while the global regulatory landscape continues to rapidly evolve, Hong Kong is poised to take the lead in establishing comprehensive regulatory standards for innovative companies and digital assets, while maintaining a balance between openness and compliance. Deng Chao emphasized that the digital asset industry is not replacing traditional finance, but rather deeply integrating with it, absorbing its mature standards and governance practices. He stated that Hong Kong is poised to become the first global financial center to fully integrate digital assets and related companies into mainstream capital markets. Furthermore, he noted that Hong Kong's talent pool and diverse innovation ecosystem will serve as a crucial foundation for driving financial innovation and international competitiveness.PANews reported on October 23rd that at the Greater Bay Area Forum on Financial Connectivity, Talent Cultivation, and Cultural Unity, co-hosted by China Daily and the "Hong Kong Restart" Alliance, HashKey Capital CEO Deng Chao stated that Hong Kong, driven by the active promotion of its government and regulators, is becoming a key hub for the global development of Web3 and digital assets. Deng Chao noted that while the global regulatory landscape continues to rapidly evolve, Hong Kong is poised to take the lead in establishing comprehensive regulatory standards for innovative companies and digital assets, while maintaining a balance between openness and compliance. Deng Chao emphasized that the digital asset industry is not replacing traditional finance, but rather deeply integrating with it, absorbing its mature standards and governance practices. He stated that Hong Kong is poised to become the first global financial center to fully integrate digital assets and related companies into mainstream capital markets. Furthermore, he noted that Hong Kong's talent pool and diverse innovation ecosystem will serve as a crucial foundation for driving financial innovation and international competitiveness.