According to Techub News, Zhu Haokang, head of digital asset management and head of family wealth management at China Asset Management (Hong Kong), expressed confidence in Hong Kong's vigorous development of the Web3.0 ecosystem and the establishment of a global compliant virtual asset center at the Foresight 2024 conference held on Sunday. As the scale and liquidity of Hong Kong's spot virtual asset ETFs increase, existing sales channels such as brokerages are also actively cooperating, and the interest of various investors has increased significantly.
Zhu Haokang believes that Hong Kong has experienced three waves of financial innovation in the past 30 years. From the "Required Articles of Association for Listed Companies in Hong Kong" promulgated in 1993, a large number of mainland Chinese companies went public in Hong Kong; to the VIE structure innovation, which enabled Chinese companies to use overseas capital markets for financing, further enhancing Hong Kong's central position in the global capital market; to the Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, Bond Connect, and Greater Bay Area Cross-Border Wealth Management Connect, which enabled the mainland and Hong Kong financial markets to achieve direct connection, providing investors with a more convenient cross-border transaction method and enhancing the liquidity of the secondary markets in the two places. Zhu Haokang said that we are experiencing the fourth wave of innovation in Hong Kong represented by the Web3.0 ecosystem. Virtual asset spot ETFs, real-world asset RWA tokenization, central bank digital currencies and stablecoins are establishing connections between the real economy and virtual assets, bringing new asset categories and high-quality liquidity, and bringing new vitality and broader development prospects to Hong Kong's financial system.
