The Chinese crypto community is back: Justin Sun's whirlwind visit to Hong Kong signals Tron's rising ambitions in the city
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The Chinese crypto community is back: Justin Sun's whirlwind visit to Hong Kong signals Tron's rising ambitions in the city
Recently, the Hong Kong Web3.0 Association was officially established under the witness of Chief Executive John Lee.
Navigating Web3 tides with focused insightsRecently, the Hong Kong Web3.0 Association was officially established under the witness of Chief Executive John Lee. Around the same time, over a hundred forums and seminars related to Web3 and the virtual asset industry were held consecutively across Hong Kong, drawing top figures from the global crypto industry to the city. Among them, the appearance of Justin Sun, founder of TRON and member of Huobi Global Advisory Council, elevated this large-scale Web3.0 gathering into a celebratory climax.
An industry participant at the event remarked, "Brother Sun is here—Chinese crypto is back!"
Whirlwind Visit Sparks Sensation – An “Industry Star” in the Spotlight
On April 10, Justin Sun announced on his social media: "Unable to resist my homesickness, I finally gave in to FOMO—I’ll arrive in Hong Kong tomorrow." While some speculated whether this might be another "Sun-style smoke signal," Sun confirmed his arrival by posting photos from the airport on the evening of April 11, officially landing in Hong Kong.
In the following days, Sun was invited to attend multiple events including iPollo's Metaverse Goddess Festival, Binance Night, Xinhuo Technology’s forum, the TRON-sponsored panel "2023: Where Are the Opportunities in the Metaverse?", and "Huobi Night." His presence sparked excitement wherever he went. Industry veterans and newcomers alike lined up for photos with him, while major figures and KOLs livestreamed their interactions, generating widespread discussion across social platforms.
At this Hong Kong Web3.0 Carnival—the grand reunion of Chinese-speaking crypto enthusiasts—Justin Sun stood out as an undeniable "industry star."
Caption: Justin Sun speaking at the iPollo Metaverse Goddess Festival
At the iPollo Metaverse Goddess Festival, warmly welcomed by enthusiastic community members, Sun expressed deep emotion at being able to participate personally in such a grand occasion. "I hope one day we can host similar crypto events in Beijing and Shanghai," he said, earning loud cheers and applause. Sun emphasized that as teams rooted in the Chinese Web3.0 space, TRON and Huobi will jointly witness the rise of Eastern crypto power.
On April 14, the TRON-sponsored sub-forum "2023: Where Are the Opportunities in the Metaverse?" successfully took place at the Hong Kong Convention and Exhibition Center during the Hong Kong Web3 Carnival. Covering hot topics like the metaverse, Web3, NFTs, and AIGC, the event attracted over 500 attendees, more than 50 guest speakers, 30+ media outlets, and numerous community members. The venue was packed throughout, and the TRON booth saw a constant flow of visitors taking photos and collecting exclusive merchandise.
Notably, Justin Sun’s new book, *Blockchain and the Digital New World*, made its public debut at the event and received an enthusiastic reception. The e-book version has already been exclusively released via iReader, a digital reading platform. Widely praised since its January release, this thoughtful work compiles Sun’s observations and reflections on the blockchain industry over the past decade.
Caption: Justin Sun speaking at the "2023: Where Are the Opportunities in the Metaverse?" forum
Sun’s entrance into the forum was met with thunderous applause and cheers. Overwhelmed once again by the community’s passionate support, he said, "Seeing so many people gathered here in Hong Kong is truly moving. I have full confidence in Chinese blockchain—that belief has been the driving force behind my eleven years in this industry!"
In response, seasoned industry observers noted, "The Chinese crypto community is returning, and Hong Kong will attract capital that had previously moved overseas." CZ Zhao, founder of Binance, also pointed out, "ZA Bank in Hong Kong now supports cryptocurrency—more funds and stablecoins will soon flow into Hong Kong." Given recent aggressive actions by U.S. regulators against Sun, Zhao, and other crypto entrepreneurs, the shift of momentum from West to East in the crypto industry may accelerate.
Despite news reports on April 14 revealing that the SEC had served Sun with a subpoena following a lawsuit filed last month, the Hong Kong crypto community—especially Chinese entrepreneurs—has continued to express strong support and solidarity. Regarding the SEC scrutiny, Sun remains calm, stating only in mid-March that the investigation lacks basis. In a recent interview with the Financial Times, he reiterated, "Being accused by the SEC isn’t exactly routine, but it’s certainly not uncommon either." By appearing in Hong Kong, Sun is making a clear statement of unity and demonstrating his firm belief in the future of crypto in Hong Kong.
TRON’s Hong Kong Vision Gathers Momentum
When Hong Kong first signaled its openness toward the crypto industry last year, Justin Sun immediately voiced his approval and support. He has repeatedly stated in public forums that he is highly optimistic about the future development of crypto in Hong Kong.
In February this year, Sun spent a full week visiting Hong Kong, meeting with prominent political and business leaders such as Tam Yiu-chung. In a recent exclusive interview with Ta Kung Wen Wei Media, Sun reaffirmed his strong confidence in Hong Kong’s crypto and Web3 prospects, emphasizing that TRON will leverage its robust technological capabilities to support the city’s industry growth.
At the "2023: Where Are the Opportunities in the Metaverse?" forum, Dave Uhryniak, Head of Ecosystem Expansion at TRON, highlighted that as a globally leading public blockchain with a thriving ecosystem, TRON has built strong competitive advantages in key sectors such as stablecoins, cross-chain technology, DeFi, NFTs, GameFi, Web3.0, and the metaverse—driving innovation across the entire industry.
Uhryniak added that Hong Kong offers unique advantages. TRON has long pursued strategic collaborations with sovereign nations and autonomous regions in areas like crypto payments, Web3.0, and the metaverse. Enabling hundreds of millions of users to become metaverse citizens and strengthening cooperation with national governments are core elements of TRON’s strategy. As a Chinese-founded public chain, TRON hopes to collaborate with the Hong Kong government to advance the city’s position in the crypto space.
The newly formed Hong Kong Web3.0 Association features a high-level leadership team aimed at accelerating the city’s Web3.0 development. Notably, Joseph Chan, former Chief Executive of the Hong Kong Monetary Authority and a veteran with extensive blockchain experience, serves as the association’s inaugural chairman—an individual who already shares a close connection with TRON.
Public records show that CoinW, a fintech company chaired by Joseph Chan, launched a hybrid stablecoin called "CoinW" on the TRON network in 2021. This product is pegged to several major Asian currencies. Analysts suggest that with Chan now leading the Hong Kong Web3.0 Association, closer collaboration between the Hong Kong government and Chinese crypto innovators is likely. In this context, TRON’s infrastructure expertise and stablecoin experience are poised to play a significant role.
As Hong Kong embraces this pivotal moment in Web3.0, Justin Sun and TRON have already taken their positions. A visionary blueprint—to build crypto infrastructure and ultimately realize a decentralized metaverse—is unfolding steadily before our eyes.
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