Hong Kong Acting Financial Secretary: Will fully promote financial innovation in key areas including Web3-related DeFi and virtual assets

ChainCatcher news, the Acting Financial Secretary of the Hong Kong SAR, Paul Chan, delivered a keynote speech at the 2024 Caixin Summer Forum today, stating that Hong Kong will continue to vigorously promote financial innovation, focusing on key areas including fintech, green finance, DeFi (decentralized finance), and virtual assets related to Web3 (the third generation of the internet). The SAR government will ensure that financial risks are kept at a controllable level. On the other hand, it will continue to expand the connectivity between Hong Kong and the financial markets of mainland China.