- Hong Kong Chief Executive Lee Ka-chiu addressed the Innovation, Technology, and Art Development Summit 2023.

- The summit aligns with #Hong Kong's 14th Five-Year Plan for innovation, tech, and cultural arts.

- The theme is 'Web 3.0 Return: Building a #Golden New Starting Point.'

- #Web3 integrates recent tech #trends and has potential for financial and commercial growth.

- Lee Ka-chiu emphasized fintech and Web 3.0, welcoming global virtual asset innovators.

- Hong Kong aims for an open, inclusive approach and will work with regulators.

- New licensing #system for virtual asset trading platforms was implemented in June.

- Exploring regulations for stablecoins and tracking global developments for market growth.

- Guofu Innovation's subsidiary Fortune #Securities applied for virtual asset-related activities.

- Application made to #Hong Kong Securities Regulatory Commission for Type 1 licensed activity (securities trading).

- Fortune Securities aims to offer #virtual #asset buying/selling and introduce clients to licensed platforms.

- Goal: Diversify services, create new #income sources, and align with investor strategy.

- Plans subject to regulatory approvals before entering the virtual asset sector.

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