The Hong Kong government has established a dedicated task force for Web3.0 development, with Financial Secretary Paul Chan serving as chairman.
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The Hong Kong government has established a dedicated task force for Web3.0 development, with Financial Secretary Paul Chan serving as chairman.
The Hong Kong government has announced the establishment of a Task Force on Third-Generation Internet (Web3.0) Development. The task force will be chaired by Financial Secretary Paul Chan, and its members include 15 non-official members from relevant industries, as well as key government officials and representatives from financial regulatory bodies. The term of office for non-official members takes effect from July 1, 2023, and lasts for two years. Members of the task force include Chairman Paul Chan, Financial Secretary; non-official members: Ben Au, Co-founder of Hong Kong Digital Assets Association; Joseph Yam, Former Chief Executive of Hong Kong Monetary Authority / Chairman of Hong Kong Web3.0 Association; Ken Chow, Legislative Council Member; Henry Chu, Co-founder and Group Executive Chairman of EBO Financial Group; Ronghui Gu, Founder of CertiK; Jianping Kong, Founder of Nano Labs; Felice Lam, Partner at Shearman & Sterling; Frederick Lau, CEO and Executive Director of Yucheng Technologies; Chen Lin, Associate Dean at HKU Business School; Tommy Lui, Partner and Head of Listing Services at Deloitte Hong Kong; Sze Cheng Poon, Professor of Practice at The Hong Kong Polytechnic University; Priscilla Leung, Legislative Council Member; Yi Xiao, Founder of Animoca Brands; Manly Chan, Chairman of Hong Kong FinTech Association; Feng Xiao, Chairman of Wanxiang Blockchain. Official members include Christopher Hui, Secretary for Financial Services and the Treasury; Michelle Kan, Permanent Secretary for Financial Services and the Treasury (Financial Services); Dr. David Mak, Permanent Secretary for Innovation, Technology and Industry; Nelson Chan, Deputy Secretary for Financial Services and the Treasury; Victor Wong, Government Chief Information Officer; Stephen Ng, Commissioner for Investment Promotion / CEO of Hong Kong Science and Technology Parks Corporation; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; Julia Leung, Chief Executive Officer of the Securities and Futures Commission; Clarence Wong, Executive Director of the Insurance Authority; Bonnie Chan, Group Chief Executive Officer of Hong Kong Exchanges and Clearing Limited. Financial Secretary Paul Chan said: "The blockchain technology underlying Web3.0 offers features such as decentralization, security, transparency, and low cost, which can address numerous challenges in finance, transactions, business operations, and everyday life. As an international financial center and a metropolis that values innovation and technology, Hong Kong embraces the major trend of Web3.0 development. While balancing appropriate regulation with fostering growth, we are actively leading and driving innovative exploration and development in this field, creating new application models, attracting top-tier enterprises and talents, and building a vibrant ecosystem. By bringing together industry leaders and professionals, I am confident that the task force’s valuable insights will help position Hong Kong as a Web3.0 hub."
Navigating Web3 tides with focused insightsTechFlow news: The Hong Kong government has announced the establishment of a dedicated task force for the development of third-generation internet (Web3.0). The task force will be chaired by Financial Secretary Paul Chan Mo-po and comprise 15 non-official members from relevant industries, along with key government officials and representatives from financial regulatory bodies. The appointments of the non-official members are effective from July 1, 2023, for a term of two years.
Members of the task force include Chairperson Paul Chan Mo-po, Financial Secretary; non-official members comprising Alfred Au Wai-chi, Co-founder of the Hong Kong Digital Assets Association; Norman Chan Tak-lam, former Chief Executive of the Hong Kong Monetary Authority and Chairman of the Hong Kong Web3.0 Association; Ken Yu, Legislative Council member; Alan Chu, Co-founder and Group Executive Chairman of EBO Financial Group; Gu Ronghui, Co-founder of CertiK; Kong Jianping, Founder of Nano Labs; Lin Wai-chun, Partner at Shearman & Sterling; Lau Fu-wing, CEO and Executive Director of Yucheng Technologies; Lin Chen, Associate Dean of the Faculty of Business and Economics at The University of Hong Kong; Raymond Lui, Partner and Leader of Deloitte Hong Kong's IPO Services; Poon Sze-ching, Adjunct Professor at The Hong Kong Polytechnic University; Ip Kwok-hang, Legislative Council member; Shaun Witney, Founder of Animoca Brands; Charles Chan Man-lei, Chairman of the Hong Kong FinTech Association; and Xiao Feng, Chairman of Wanxiang Blockchain.
Official members include Christopher Hui, Secretary for Financial Services and the Treasury; Mona Yan Mei-wah, Permanent Secretary for Financial Services and the Treasury (Financial Services); McLean Ka, Permanent Secretary for Innovation, Technology and Industry; Ronald Chak Lik-lim, Deputy Secretary for Financial Services and the Treasury; Victor Wong Chi-keung, Government Chief Information Officer; Stephen Ng, Commissioner for Investment Promotion and CEO of Hong Kong Science and Technology Parks Corporation; Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; Julia Leung, Chief Executive Officer of the Securities and Futures Commission; Christopher Cheng, Executive Director of the Insurance Authority; and Nicolas Aguzin, Group Chief Executive Officer of Hong Kong Exchanges and Clearing Limited.
Financial Secretary Paul Chan said: "The blockchain technology underlying Web3.0 features decentralization, security, transparency, and low cost, which can address many pain points in finance, transactions, business operations, and daily life. As an international financial center and a metropolis committed to innovative technologies, Hong Kong embraces the major trend of Web3.0 development. While balancing 'appropriate regulation' and 'promoting growth,' we are actively leading and driving innovation and exploration in this field, creating new application models and striving to attract top-tier enterprises and talents to build a vibrant ecosystem. By bringing together industry leaders and professionals, I am confident that the valuable insights from this task force will help position Hong Kong as a Web3.0 hub."
