Techub News reported that according to the Hong Kong Wen Wei Po, the Executive Director of the Hong Kong Securities and Futures Commission, Au King-lun, attended the Hong Kong Independent Non-Executive Directors Association Annual Meeting 2024 and pointed out that Hong Kong can develop from four growth paths, namely: asset and wealth management center, international sustainable finance center, promoting Hong Kong to become a digital asset center, and international innovation and technology center.

 Au King-lun said that the Hong Kong government is committed to supporting the development of the Web3.0 ecosystem and has allocated 50 million yuan in the 2023-2024 fiscal budget to accelerate the development of the ecosystem; the Securities and Futures Commission has approved virtual asset futures and spot ETFs to allow retail investors to invest in regulated virtual asset products, among which the virtual asset spot ETF is the first listed product in Asia.