According to ChainCatcher, the Acting Financial Secretary of the Hong Kong Special Administrative Region Government, Michael Wong, delivered a keynote speech at the 2024 Caixin Summer Summit, stating that Hong Kong will continue to fully promote financial innovation. Key areas include DeFi (decentralized finance) related to financial technology, green finance, Web3 (third generation Internet), virtual assets, etc. The SAR government will ensure that financial risks are stabilized at a controllable level. At the same time, it will continue to expand the interconnection between Hong Kong and mainland China's financial markets.