Amidst the global digital economy wave, Hong Kong is accelerating its deployment of the Web3 industry. By establishing the ‘LEAP’ strategic framework, it is focusing efforts across four core dimensions: legal compliance, asset tokenisation expansion, application scenario development, and talent cultivation. This approach aims to forge an internationally competitive Web3 industrial ecosystem.
The 2025 Policy Address's provisions on advancing the ‘digital Hong Kong dollar’ pilot and promoting Web3 education, coupled with the practical empowerment of platforms like Web3Labs, further underscore Hong Kong's development approach of ‘advancing both industrial ecosystems and talent cultivation simultaneously.’ This injects robust momentum into the high-quality development of the Web3 sector.
The implementation of the ‘LEAP’ strategic framework establishes a clear top-level design blueprint for Hong Kong's Web3 development. Legal compliance, as the prerequisite for healthy industry growth, forms the core pillar of the ‘LEAP’ architecture. By refining relevant laws and regulations, Hong Kong can provide Web3 enterprises with clear operational guidelines, mitigate compliance risks, and bolster global companies' confidence in establishing operations here. Asset tokenisation expansion serves as the key driver for revitalising the industry. Leveraging blockchain technology to tokenise traditional assets broadens asset circulation channels and enhances market liquidity. Application Scenario Expansion is dedicated to driving the deep integration of Web3 technology with the real economy. From financial services to public welfare sectors, the implementation across diverse scenarios will enable Web3 technology to genuinely empower societal development. Talent Development, as a crucial safeguard within these four dimensions, represents the core competitive advantage for Hong Kong's Web3 industry to achieve long-term growth.
The initiatives outlined in the 2025 Policy Address elevate Hong Kong's Web3 ecosystem development and talent cultivation to new heights. Advancing the ‘Digital Hong Kong Dollar’ pilot represents not only a significant step in Hong Kong's central bank digital currency strategy but also provides crucial application scenarios for the Web3 sector. This will accelerate the implementation of blockchain technology in financial domains such as payments and settlements, thereby fostering the maturation of the industry ecosystem.
Concurrently, integrating blockchain and tokenisation knowledge into secondary school curricula breaks down age barriers to Web3 education. By disseminating Web3-related knowledge from the foundational education stage, it cultivates young people's understanding and interest in emerging technologies, nurturing a continuous pipeline of potential talent for the industry. This comprehensive approach, spanning from pilot initiatives to education, demonstrates Hong Kong's resolve and long-term vision in developing its Web3 sector.
The flourishing of an industrial ecosystem hinges on active participation from market entities, with platforms like Web3Labs emerging as vital catalysts in Hong Kong's Web3 ecosystem development. Through its accelerator programme, Web3Labs provides comprehensive support to nascent Web3 projects, including funding, technical guidance, and resource networking, accelerating their growth; Hosting hackathons gathers top-tier global technical talent, sparks innovative thinking, and uncovers high-quality Web3 technical solutions and entrepreneurial ventures; Undertaking international collaborative projects helps Hong Kong connect with global Web3 industry resources, introducing advanced technologies and expertise while propelling local Web3 projects into international markets, thereby enhancing the global influence of Hong Kong's Web3 sector.
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