Xu Zhengyu: Currently, the discussion around Web3 is overly focused on the financial aspect, but the underlying technological elements are more important

ChainCatcher news, according to a report by the Hong Kong Economic Times, regarding the future development blueprint of Web3 in Hong Kong, the Secretary for Financial Services and the Treasury, Christopher Hui, stated that the current discussions on Web3 are overly focused on the financial sector, while the underlying technological elements are more important, including disintermediation to enhance transaction and settlement efficiency.