Hong Kong Emerges as Asia's Web3 Powerhouse: Exclusive Insights from Investment Promotion Chief

　　In an exclusive interview, Mr. Raymond Leung, Global Head of Financial Services, Technology, and Sustainable Development at Invest Hong Kong, reveals the city's strategic advantages and initiatives in becoming Asia's leading hub for Web3 and cryptocurrency innovation.

　　With a distinguished career spanning technology entrepreneurship, venture capital, and financial consulting, Mr. Leung brings unique insights into Hong Kong's evolving digital landscape. His extensive experience includes founding data-driven startups with backing from Credit Suisse and serving as a management consultant at Booz Allen Hamilton and KPMG.

　　Q: What is Invest Hong Kong's role in Web3 development?

　　A: Our mandate encompasses three key areas:

　　1. Business Attraction: We facilitate market entry for both mainland Chinese and international companies, including those from the US, UK, and Chinese diaspora. Our team provides comprehensive support from initial setup to resource integration.

　　2. Industry Promotion: We actively sponsor and organize major events like the Hong Kong FinTech Week and Consensus, creating platforms for Web3, virtual assets, and blockchain leaders to connect and collaborate.

　　3. Policy Feedback: Serving as a bridge between industry and government, we provide real-time market intelligence to policymakers, ensuring regulatory frameworks align with industry needs.

　　Q: How has Hong Kong's approach to Web3 evolved?

　　A: Hong Kong's support for Web3 has been consistent and strategic. Our free-market economy, coupled with unrestricted capital flow, naturally positions us as an ideal hub for borderless industries like cryptocurrency and Web3. Invest Hong Kong has been at the forefront of this evolution, continuously gathering industry feedback to inform policy development.

　　Q: What support does Invest Hong Kong provide to local businesses?

　　A: Our support extends beyond local companies to include international firms with Chinese connections. A key service is facilitating connections with financial institutions and investors. For instance, we recently assisted a prominent Swiss blockchain firm in establishing crucial banking relationships, significantly accelerating their market entry.

　　Q: Can you share a notable success story?

　　A: A standout example is our involvement in the Hong Kong Monetary Authority's Project Ensemble. This groundbreaking initiative focuses on Real-World Assets (RWA) tokenization and has attracted major banks and tech companies. Our team played a pivotal role in connecting international innovators with HKMA officials, enabling their participation in this transformative project.

　　Through these initiatives, Hong Kong is solidifying its position as Asia's premier destination for Web3 innovation, offering a unique combination of financial infrastructure, regulatory clarity, and global connectivity.