According to Jiemian News, Hong Kong Financial Secretary Paul Chan Mo-po said today when attending the 2023 Digital Economy Summit that the emergence of Web3 is triggering a new wave of innovation in financial technology. Five years ago, there were only about 180 financial technology companies in Hong Kong. Now there are more than 800 related companies, including cross-border financial services, blockchain services, etc. Virtual assets, stable coins, DeFi, NFT, etc. These technologies will become the main force in financial transformation in the next few years, which is an irreversible trend.