Xu Zhengyu: Hong Kong is now actively building an international science and technology innovation center, and investors are very interested in blockchain and other aspects
Xu Zhengyu, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, said in the latest interview that with the three major trends of asset allocation diversification, economic digitalization and green transformation in international capital markets, Hong Kong, as an international financial center, must continue to reform and innovate in order to seize new opportunities. Europe is very interested in Hong Kong's policies, especially some recent policies on innovation and technology, including the future regulation of fiat currencies, the regulation of some over-the-counter virtual asset transactions, and the development direction of virtual assets.
Hong Kong is now actively building an international science and technology innovation center, especially in biotechnology, including blockchain, which is of great interest to investors. The situation of family offices settling in Hong Kong is relatively ideal. There are now about 140 family offices willing or already established in Hong Kong. The task given by the Chief Executive of Hong Kong is to have 200 new family offices established by 2025.