According to Foresight News, Hong Kong Legislative Council member Qiu Dagen submitted the "Three Arrows and Three Circles" economic and technological development policy initiative, proposing a number of suggestions, including the establishment of a 5 billion yuan "Angel Mother Fund", the launch of a "fixed investment introduction plan", the establishment of a "secondary market matching fund", etc. In addition, it is proposed to cancel or reduce stock stamp duty, issue tokens to support the development of Xintian Science and Technology City, accelerate the launch of digital Hong Kong dollars at the retail level, and launch a "Hong Kong dollar stablecoin" sandbox. Qiu Dagen said that these policy initiatives are aimed at promoting the development of Hong Kong's Web3 ecosystem, attracting global Web3 business investors to Hong Kong, and accelerating the progress of Hong Kong's digital economy and Web3.