Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference, suggested that Hong Kong refer to IPO to provide innovative financing models for Web3

[CPPCC member Wu Jiezhuang suggested that Hong Kong refer to IPO to provide innovative financing models for Web3] Golden Finance reported that CPPCC member and Hong Kong Legislative Council member Wu Jiezhuang published an article in Hong Kong Wen Wei Po titled "Follow the trend of Web3 and dare to be the "leader" of the digital economy". The article pointed out that the development of Web3+ has both advantages and new challenges. The Hong Kong government has taken an important step in the direction of developing Web3 and the digital economy, formulating a short-term and medium-term strategic development blueprint to ensure that policies and resources are in place and promote the construction of Web3+ application scenarios. Focusing on Web3 to establish an international innovative financing platform will not only help Hong Kong to give full play to its traditional financial advantages, but also help it to build itself into a global digital technology center. It is recommended to refer to the mature model of existing companies going to Hong Kong for IPO, provide an innovative financing model for Web3, and create market trends and service competitive advantages to promote the development of the industry, and attract upstream and downstream of the industrial chain at home and abroad to gather in Hong Kong.