TechFlow news — On August 4, according to The Paper, Johnny Ng, a member of the 14th National Committee of the Chinese People's Political Consultative Conference and a Hong Kong Legislative Councilor, stated that virtual assets are only the first step in Hong Kong's development of Web3.0, which also encompasses underlying technologies and integration with the real economy. The goal is to integrate various industries with Web3.0 to enhance productivity, efficiency, and effectiveness, thereby building a comprehensive Web3.0 ecosystem in Hong Kong. He also mentioned that Shanghai has digital asset exchanges, and expressed hope for future discussions on whether these exchanges could interconnect with licensed virtual asset exchanges in Hong Kong.
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