- 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.