I had a conversation with Hong Kong Legislative Council member Qiu Dagen and basically discussed all the current hot issues. I recommend industry professionals who come to Hong Kong to read, including: Is Hong Kong's policy too conservative Will Hong Kong follow Singapore's example of rushing people, and how should we view the local base serving overseas DeFi How to view front stores and back factories in Hong Kong and mainland China How to check if compliance agencies are losing money and if there is a market for stablecoins The tokenization issue of Hong Kong stocks European and American companies are unwilling to come to Hong Kong What is the attitude and strength of Hong Kong's support for Web3 There is a statement that also makes sense: If you rashly open up and allow the market to speculate wildly and cut leeks within three to five years, the ultimate result may be the collapse of the entire market, which not only benefits Hong Kong, but may also involve the traditional financial system and have a serious impact on Hong Kong's financial brand. After all, there are too many smart people in this market, and there are many who have the ability to quickly arbitrage. If there is a lack of regulation, it may receive praise from the outside world in one or two years, but the entire ecosystem may collapse in three to five years, which is not the situation we hope to see. (This passage reminds me of some recent base Hong Kong crazed CX drives for mainland users, and even some so-called big shots' investments and endorsements. It's really embarrassing, this kind must be collectively resisted.) full text https://mp.weixin. (qq.com)/s/5XcTtbQSRcrDaRzz-Al_aA