According to Foresight News, Zhu Haokang, head of digital asset management and head of family wealth management at China Asset Management (Hong Kong), expressed his confidence in Hong Kong's vigorous development of the Web3.0 ecosystem and the establishment of a global compliant virtual asset center. As the scale and liquidity of Hong Kong's spot virtual asset ETFs increase, existing sales channels such as brokerages are also actively cooperating, and the interest of various investors has increased significantly. Zhu Haokang believes that Hong Kong has experienced three waves of financial innovation in the past 30 years. From the "Required Articles of Association for Listed Companies in Hong Kong" promulgated in 1993, a large number of mainland Chinese companies went public in Hong Kong; to the VIE structure innovation, which enabled Chinese companies to use overseas capital markets for financing, further enhancing Hong Kong's central position in the global capital market; to the Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, Bond Connect, and Greater Bay Area Cross-border Wealth Management Connect, the financial markets of the mainland and Hong Kong have been directly connected, providing investors with a more convenient way to cross-border transactions and enhancing the liquidity of the secondary markets in the two places. Zhu Haokang said that we are experiencing the fourth wave of innovation in Hong Kong represented by the Web3.0 ecosystem. Virtual asset spot ETFs, real-world asset RWA tokenization, central bank digital currencies and stablecoins are establishing connections between the real economy and virtual assets, bringing new asset categories and high-quality liquidity, and bringing new vitality and broader development prospects to Hong Kong's financial system.
The annual FORESIGHT 2024 summit was held at the Hong Kong Ocean Park Marriott Hotel from August 11 to August 12. The full live broadcast is now available on the Foresight News official website. This summit is co-organized by Foresight Ventures, Foresight News and The Block. It aims to provide a stage for communication and collision of ideas for global Web3 builders, and to build a bridge connecting the East and the West and bridging regional differences. We invited senior political officials, industry leaders, heads of traditional institutions, top VC investors and representatives of popular projects to discuss dozens of hot topics such as the new chapter of Web3 in Asia, the strategic opportunities and challenges of institutional entry, the regulatory context under the background of compliance, the new trend of global Web3 investment, the Bitcoin ecosystem, AI+Crypto from narrative to application, large-scale application of ZK, and social networking.
