[Charles Li: Tokenization Cannot Reduce Real-World Asset Risks] Former HKEX CEO and co-founder and chairman of Micro Connect, Charles Li, stated that Micro Connect currently has no demand for tokenizing real-world assets (RWA) and sees no necessity to issue RWA tokens. He emphasized that tokenization cannot reduce the risks of underlying real-world assets, and the scale of on-chain capital is limited, making it unnecessary to tokenize RWAs in the short term to attract on-chain funds. Additionally, Charles Li categorized virtual asset investors into five groups: early adopters, mid-stage entrants, traditional financial institutions, traditional finance professionals with decentralized ideals, and 'retail investors' (commonly referred to as 'chives').