TechFlow reports, Hong Kong Legislative Council member Ng Kit-chong stated on X: "Yesterday, Ethereum founder Vitalik Buterin shared his views on developing virtual asset initiatives in Hong Kong. I respect his right to speak, but I also believe he does not fully understand or is unfamiliar with Hong Kong's situation. I now sincerely invite Mr. Vitalik to visit Hong Kong and learn more firsthand. I am willing to coordinate relevant institutions and enterprises to brief him on Hong Kong’s circumstances. Hong Kong is a special administrative region with well-established procedures for formulating policies and laws. Under the principle of 'one country, two systems,' Hong Kong possesses legislative power. As a member of the Hong Kong Special Administrative Region Legislative Council, I want to share that every policy or law in Hong Kong undergoes an extensive discussion period, including government drafting, public consultation, and deliberations by multiple Legislative Council committees and plenary sessions. Therefore, I hope Vitalik can understand the actual situation. The mainland and Hong Kong do not face the complicated scenario described by Vitalik. The central government has consistently expressed support for Hong Kong's development under 'one country, two systems,' which means Hong Kong has the space to formulate its own virtual asset policies and welcomes compliant global enterprises to develop here."
Ng concluded: "Hong Kong's policies and laws are not subject to abrupt changes. All related strategies and regulations are established through broad societal consensus and comprehensive procedures. Therefore, I can assure Mr. Vitalik that Hong Kong's policy environment is highly stable."
