Wu Jiezhuang, chairperson of the committee of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum, said that Hong Kong's virtual asset trading platform license requirements are very high, and the withdrawal of the application is mainly due to the company's financial problems, business maturity, investment technology and the suitability of warehousing candidates. On how the Hong Kong virtual asset market can serve the needs of the country in the future, Wu Jiezhuang believes that it is possible to study and launch "digital communication", that is, to open a special channel to allow mainland investors to buy and sell digital assets recognized by Hong Kong, to further enrich the connotation of interconnection between the mainland and Hong Kong, and at the same time, it is also conducive to financial innovation and cultivate new quality productivity.