The Chairman of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee, Wu Jiezhuang, stated that the requirements for virtual asset trading platform licenses in Hong Kong are very high. The main reason for withdrawing applications is due to the company's financial issues, maturity level of operations, investment in technology, and whether the selection of custodians is appropriate. Regarding how the Hong Kong virtual asset market can serve the needs of the country in the future, Wu Jiezhuang believes that it can study the introduction of a 'digital通', which is to open a special channel allowing mainland investors to buy and sell digital assets recognized by Hong Kong, further enriching the connotation of connectivity between the mainland and Hong Kong, while also benefiting financial innovation and cultivating new productive forces.