Wu Jiezhuang: The development of stablecoins in Hong Kong will move steadily forward, and different industries can boldly try combining RWA and Web3.

Hong Kong Legislative Council member Ng Kit-chung recently published an article emphasizing his continued commitment to actively promoting the in-depth development of Hong Kong's Web3 industry.

He also shared his insights and outlook on key issues such as the future path of stablecoins and RWA (Real-World Assets). Regarding stablecoin development, Ng pointed out that Hong Kong's relevant policies and regulations are expected to maintain consistency and stability, without any major shifts.

The previously passed Stablecoin Ordinance bill is the result of multiple rounds of in-depth discussions and thorough deliberation, reflecting the prudence and maturity of the legislative process. In the future, Hong Kong will focus on the local market while taking into account changes in the international financial environment, promoting stablecoin development in a pragmatic and steady manner, and gradually expanding into the international market to further consolidate Hong Kong's position as an international financial and innovation technology center. Regarding RWA, Ng believes it is an important bridge connecting traditional finance and the Web3 field, attracting widespread attention from the industry. Hong Kong has provided space for compliant exploration of related innovations through the establishment of regulatory sandboxes.

Under the sandbox mechanism, the industry can work with regulatory agencies to jointly assess compliant development paths and future regulatory directions. He encouraged different industries to actively explore integration with Web3 technology and boldly promote the implementation of real-world applications, believing this will powerfully drive the deep integration and innovative development of the real economy and the digital economy.

Furthermore, Wu Jiezhuang specifically mentioned that with the successive establishment of Web3 public chains, compliant trading platforms, and underlying infrastructure projects in Hong Kong, the market demand for development talent is rising sharply. Developers and innovative technology companies are indispensable twin engines in the industrial ecosystem.

In the future, Hong Kong will focus on building a sustainable talent ecosystem, attracting more developers and related practitioners to develop in Hong Kong through policy support, training cooperation, and international exchanges, jointly shaping Hong Kong into a major global talent hub for the Web3 industry.

Through these measures, Hong Kong is expected to seize the opportunities in the Web3 wave, promote the coordinated development of technology, finance, and the real economy, and inject new growth momentum into the economy.