A Hong Kong delegation, including representatives from the Investment Bureau of Hong Kong (InvestHK) and the Startup Bureau of Hong Kong (SMUHK), attended a technology conference in Toronto to attract Canadian crypto and Web3 startups to its technology hub. 🌐

Director of Hong Kong's Toronto Economic and Trade Office, Emily Mo, highlighted the attractive environment for startups, including lower taxes compared to Canada.

Mo also mentioned the bilateral tax treaty between Canada and Hong Kong, which allows Canadian businesses to obtain public and private financing in Hong Kong.

In May, all crypto exchanges operating without a license in Hong Kong were forced to close. However, some, including Gate.HK, plan to resume operations after the platform is rebuilt in accordance with regulatory requirements.