Hong Kong's Legislative Council is seeking global input to shape its Web3 and virtual assets policy. The council has established a subcommittee to promote the development of Web3 and virtual assets in the region. The initiative aims to position Hong Kong as a global hub for Web3 innovation by balancing technical, legal, and regulatory frameworks. The council is also interested in enhancing international cooperation and exploring the convergence of AI and Web3 technology. Additionally, it plans to assess the potential benefits and risks of stablecoins and develop regulatory frameworks that balance financial stability with innovation.