According to Wu, Hong Kong Treasury Secretary Paul Hui published an article announcing that he had introduced Hong Kong as a pioneer in embracing Web 3.0 development to local regulators and the financial industry in Europe. He detailed how Hong Kong has recently promoted market development in many aspects such as legislation, product innovation and government financing. Paul Hui also mentioned that October this year is the flagship event month of Hong Kong Web3, and he took the opportunity to invite relevant officials and regulatory leaders to Hong Kong to attend the event.