WeBank's wholly-owned subsidiary WeBank Technology held an inauguration ceremony in Hong Kong with a registered capital of US $150 million. It is reported that WeBank Technology will provide support for the innovative development of Hong Kong's tokenization market based on the accumulation of blockchain technology and industrial application practices, and help Hong Kong build an innovative financial marekt infrastructure. Previously, WeBank Technology has joined the framework working group of Ensemble, a wholesale-level central bank digital currency (wCBDC) project initiated by the Hong Kong Monetary Authority.