Hong Kong lawmaker Wu Jiezhuang confirmed that the Hong Kong Web 3.0 Association, composed of multiple industry leaders and Legislative Council members, will be officially established on the 11th of this month, including heavyweights in the financial and technology sectors.

According to sources, the members of the association are all heavyweights in the industry, including Wu Jiezhuang, co-founder of the startup accelerator G-Rocket, Li Feng, chairman of China Mobile Hong Kong, Xi Handi, co-founder of Zhongshouyou, Tian Xiaoan, vice president of Douyin Group, and Qiu Dagen, a member of the Legislative Council for the science and technology innovation community of Hong Kong. In addition, Hong Kong will also set up the Web3Hub Fund to support more overseas Web3.0 companies to settle in Hong Kong. (Hong Kong China News Service)