TechFlow news, October 23, Hong Kong — Today, the Greater Bay Area Forum · Financial Connectivity, Talent Development, and Cultural Unity, jointly organized by China Daily and the "Hong Kong Reboot" Grand Alliance, officially opened. Deng Chao, CEO of HashKey Capital, was invited to attend and participated in the thematic roundtable discussion on "Innovative Finance Empowerment: Hong Kong Leading a New Era of Cross-border Connectivity." During his speech, Deng Chao introduced the development journey and global expansion of HashKey Group, and analyzed the current state and challenges of Hong Kong's Web3 industry from an industry practitioner's perspective.
Deng Chao pointed out during the discussion that in recent years, Hong Kong has received active support from the government, regulators, and the industry, fully demonstrating its appeal as a hub for Web3 and digital asset development—yet challenges remain. As the global regulatory landscape evolves rapidly, he expressed hope that Hong Kong could further clarify standards for innovative enterprises and digital asset-related products while maintaining its current momentum, thus creating more room for innovation.
"People often say that digital assets will replace banks or traditional finance. As someone coming from the traditional financial sector—my career began in the mutual fund industry, and I've been working in blockchain for over a decade—I don't agree with this notion of 'replacement.' On the contrary, I see a trend toward convergence: the digital asset industry is continuously absorbing and learning from the mature standards and best practices of traditional finance," said Deng Chao. "I hope Hong Kong can take the lead in this area and become the world's first capital market to fully integrate digital assets and related companies into mainstream asset classes."
Additionally, when discussing Hong Kong's financial innovation and development, Deng Chao stated, "One of Hong Kong's greatest strengths lies in its talent aggregation effect. Many leading companies have already established roots here, attracting increasing numbers of young local and international talents to build a more vibrant innovation ecosystem together."
It is reported that this forum brought together leaders from across the Greater Bay Area to discuss topics including digital asset development, talent cultivation, and cultural integration. Attendees included CEOs from Fortune Global 500 and China 500 companies, consuls general from various countries, and representatives from business and academia. Former Chief Executive of the Hong Kong Special Administrative Region Leung Chun-ying and current Chief Executive John Lee also attended and delivered speeches.
