Xiao Feng, chairman of Wanxiang Blockchain, said that the virtual asset policy of the Hong Kong SAR is not just for speculation or trading of encrypted tokens, but to serve the real economy, support technological innovation, and upgrade the financial center through tokenization.

He said that the Hong Kong International Virtual Asset Center needs a four-layer structure: an active secondary market (transaction), an effective primary market (issuance), centralized industry services, and a rich industrial ecology (Web3.0).

On this basis, Hong Kong can be upgraded to Hong Kong International Financial Center Version 2.0.