TechFlow news, according to The Paper, at the 2023 Digital Economy Summit, Hong Kong Chief Executive John Lee stated that the government will allocate over HK$700 million in this year's budget to accelerate digital economic development, and more than HK$9 million to launch a series of international initiatives. He emphasized Hong Kong's commitment to advancing its virtual asset industry, noting that Web3.0—the third-generation internet—holds tremendous development potential.
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