Author: Web3.0 Standardization Association
On August 1, 2025, against the backdrop of the accelerated transformation of the global digital economy, the "Anchoring the Future of Web3.0 Summit Press Conference" hosted by the Hong Kong Web3.0 Standardization Association, organized by Ant Group, co-organized by AI Mall Technology Ltd, and supported by the AIoT Research Institute of Hong Kong Polytechnic University and the IEEE Computer Society Blockchain and Distributed Ledger Technology Standardization Committee, successfully concluded at AI Mall in Central, Hong Kong.
The press conference gathered several prominent guests from the government, academia, and industry, including Honorary President of the Hong Kong Web3.0 Standardization Association Yang Debin, Legislative Council member of the Hong Kong SAR Yau Wai-ching, Chairman of the International Data Industry Alliance Che Pinjue, Executive President of the Hong Kong Web3.0 Standardization Association Li Ming, as well as several bank executives and consuls stationed in Hong Kong. Elites from various sectors came together to witness a historic moment as Hong Kong moves towards standardized, scaled, and international development in the Web3.0 and fintech fields.
It is worth mentioning that on August 1, the "Stablecoin Regulation" officially came into effect, establishing Hong Kong's first regulated stablecoin activity licensing system. The implementation of this system not only lays a solid policy foundation for the development of the digital asset and stablecoin ecosystem but also marks the beginning of a new era of standardized and scaled development for Hong Kong's digital asset and Web3.0 industries, setting a benchmark for the global digital economy innovation wave.
With the implementation of the regulation, Hong Kong is attracting global capital, technology, and talent with a clear regulatory framework, promoting fintech and the digital economy towards a more open and prosperous direction. This press conference, gathering government representatives, industry leaders, and academic experts, coincides with this historic moment, adding special significance—witnessing together the new chapter of standardized development in Hong Kong's Web3.0 industry, whose value and impact will continue to manifest as the industry progresses.
At the beginning of the event, Honorary President of the Hong Kong Web3.0 Standardization Association Yang Debin, Legislative Council member of the Hong Kong SAR Yau Wai-ching, Chairman of the International Data Industry Alliance Che Pinjue, Executive President of the Web3.0 Standardization Association Li Ming, and founder of AI Mall Technology Limited Huang Bin took a group photo, followed by speeches.
During the speeches, Yang Debin stated that Hong Kong's best practices can provide a "Hong Kong solution" for the global Web3.0 industry's development through a standardized path, promoting the digital economy to align with global standards, and allowing Hong Kong to seize a critical opportunity in the accelerating evolution of the global digital economy, laying a solid foundation for the high-quality development of the Web3.0 industry.
Yau Wai-ching pointed out that stablecoin legislation is not only an innovative attempt for Hong Kong but also an important step in the global digital asset reform. The development of technology and industry standards is equally important, and the introduction of relevant regulations will help standardize the market and promote the healthy and orderly development of Web3.0.
Che Pinjue emphasized that Hong Kong, with its unique geographical advantages and solid data asset foundation, will provide strong support for the international development of Web3.0.
Li Ming proposed that standardization work plays a crucial role in the development of the industry, especially in the early stages, where standards can help establish industry norms and consensus, which is significant for the healthy development of the Web3.0 industry.
During the media Q&A session, Yang Debin, a representative of the National People's Congress, member of the Hong Kong SAR Government Digital Economy Development Committee, and Honorary President of the Hong Kong Web3.0 Standardization Association, focused on the cooperation between Hong Kong and the mainland in the digital economy field. In response to related questions, he stated that the digital economy exchanges between Hong Kong and the mainland are moving from policy alignment to deep collaboration. He cited an example: "In the stablecoin field, Hong Kong can leverage its international advantages to explore complementary applications with the mainland's digital RMB in cross-border trade, forming a collaborative pattern to promote the integrated development of the digital economy in both regions." Yang Debin also mentioned that as the flow of funds and data in the Greater Bay Area continues to deepen, Hong Kong will continue to play its role as an international financial center, promoting data interconnectivity, industrial innovation, and R&D cooperation, accelerating the process of data industrialization.
Legislative Council member Yau Wai-ching, in response to questions about the background and vision of the "Stablecoin Regulation," stated that the introduction of the regulation is an important measure for Hong Kong to align with the global digital economy development trend, with the core goal of building a "safe, controllable, and innovative" stablecoin ecosystem. He pointed out: "The global stablecoin market has grown rapidly in recent years, and Hong Kong has taken the lead in establishing a licensing system, enabling Hong Kong to have a globally leading digital asset regulatory framework, which helps attract quality institutions and enterprises to settle in Hong Kong, nurturing internationally competitive Web3.0 innovative enterprises." Yau Wai-ching further explained that the focus of stablecoin legislation is to standardize trading and operational mechanisms, ensuring effective integration with the traditional financial system. He emphasized that stablecoins, as a cash-like payment tool, are primarily used for payment and circulation and should not be viewed as investment products. "Hong Kong's regulatory authorities have the capability to manage this new type of product, and in the future, will adopt differentiated regulatory approaches based on the characteristics of different platforms to ensure the market develops in a stable and orderly manner."
Li Ming, President of the Hong Kong Web3.0 Standardization Association, stated that the development of Web3.0 and stablecoins is not just about technological innovation but also about serving the actual needs of the industry. He cited the example of charging piles: "By integrating blockchain and asset tokenization business models, not only can it bring more capital to asset entities to expand their scale, but it can also expand the user base through tokenization, enhancing asset liquidity and financing capabilities, thereby promoting the development of the entire industry." Li Ming emphasized that the formulation of industry standards is not just theoretical but must effectively solve practical problems and promote the effective connection between assets and capital. Taking the RWA industry as an example, RWA tokenization involves various types of assets, multiple service entities, and multiple business links, requiring standardization to regulate technical infrastructure and business norms. The launch of the RWA registration and registration platform on August 7 will facilitate the entire process of dataization, assetization, and financialization of RWA asset tokenization. He stated that only by forming practical and scalable international standards can Hong Kong's best practices contribute to the global development of the Web3.0 industry.
Che Pinjue, Chairman of the International Data Industry Alliance, in response to media questions about the comparison between Hong Kong and international stablecoin regulation, stated that Hong Kong is at the forefront of international regulation and market openness, with its overall regulatory framework being relatively close to that of the United States, while the European Union is relatively stricter. He pointed out that Hong Kong has taken the lead in establishing relevant systems internationally, fully demonstrating its leading advantages in balancing innovation and regulation. Che Pinjue also mentioned that data assets are a key element in the Web3.0 industry, and with the development of stablecoins and Web3.0 technology, Hong Kong, leveraging its unique location and data asset foundation, is expected to provide solid support for the internationalization of related industries.
During the Q&A session, Huang Bin, founder of AI Mall Technology Limited and Secretary-General of the Hong Kong Web3.0 Standardization Association, stated that the choice to hold this press conference at AI Mall is because it represents the forefront of Hong Kong's digital economy and innovative technology. AI Mall gathers numerous technology companies and innovative resources, which aligns well with the development atmosphere of the Web3.0 and stablecoin industries, providing a good platform for communication and showcasing for the guests. He added: "We hope that through this innovative space of AI Mall, more cutting-edge technologies can enter the lives of the public."
The entire press conference not only witnessed the important moment of the "Stablecoin Regulation" coming into effect but also, through guest sharing and in-depth discussions, clearly outlined the development path of Hong Kong's Web3.0 industry. The RWA research and technological achievements released at the meeting on August 7 further showcased the industry's breakthroughs in technological innovation and application landing, providing important references for subsequent industrial practices. It is reported that this press conference is also an important precursor to the "Anchoring the Future of Web3.0 Summit" to be held on August 7 at the Hong Kong Stock Exchange, where higher-profile guests such as Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference Leung Chun-ying, Secretary for Financial Services and the Treasury of Hong Kong Xu Zhengyu, and Legislative Council member Huang Jin-hui will attend, continuing to promote global exchanges and cooperation in the Web3.0 industry.
The successful holding of this event not only demonstrates Hong Kong's determination to balance standardized development and innovative exploration in the Web3.0 field but also provides "Hong Kong experience" for the global Web3.0 ecosystem construction, which is expected to accelerate the gathering of quality resources in Hong Kong, helping it occupy a more critical position in the global digital economy competition.
Anchoring the Future of Web3.0 Summit Press Conference Hong Kong Media:
Xinhua News Agency Asia-Pacific Branch, People's Daily Asia-Pacific Branch, China Central Television Asia-Pacific Station, China News Service, Bauhinia New Media, Ta Kung Pao, China News Agency, Phoenix Television, Hong Kong News Agency, China Times, Hong Kong Commercial Daily, Guangzhou Television Station Hong Kong Correspondent Station, 21st Century Business Herald, Hong Kong Paper, Hong Kong Economic Journal, China Daily Asia Pacific, People's Political Consultative Conference Newspaper, Finance Magazine, Shenzhen Television Station Hong Kong Station, Hong Kong Events, Chinese Events, China Business News, US-China Times.
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