The Hong Kong Special Administrative Region government has just announced the appointment and reappointment of 20 unofficial members of the third-generation internet development task force, aiming to promote sustainable development for the city's digital asset ecosystem.
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20 unofficial members have been appointed and reappointed for the third-generation internet task force, with a term from July 1, 2025, lasting 2 years.
The members are all leading leaders and experts in related industries.
The appointment aims to support the implementation of the digital asset development policy version 2.0, building Hong Kong into a leading global digital asset hub.
What is the third-generation internet development task force of Hong Kong?
The task force was established in 2023 to provide innovative and practical recommendations for the development of third-generation internet in Hong Kong.
Since its establishment, the task force has provided many important insights supporting the government to orient its digital technology development strategy in line with global trends, according to an official report from the Hong Kong Government Office in June 2025.
Why is the appointment and reappointment of members important?
The appointment of 20 unofficial members, including many respected leaders and experts, ensures that the task force continues to operate effectively, supporting the government in implementing the new digital asset policy.
Mr. Chan Kwok-ki, the government spokesperson, emphasized:
"The involvement of leading industry experts will facilitate the sustainable development of the digital asset ecosystem in Hong Kong and enhance the city's position as a digital asset hub on the international stage."
Chan Kwok-ki, spokesperson of the Hong Kong Special Administrative Government, 30/06/2025
Who are the unofficial members of the task force?
The list includes experts and leaders such as Cai Wensheng, Chen Delin, Qiu Dagen, Zhu Chengyu, Kong Jianping, Guo Yanlin, Lin Huizhen, Lin Junjie, Lin Chen, Lu Zhihong, Ma Zhitao, Wu Jiezhuang, Professor Pan Shizheng, Alessio Quaglini, Quat, Xiao Yi, Chen Wenli, Wang Jiachao, and Xiao Feng.
These are individuals with significant contributions and practical experience in digital technology and financial technology, helping to ensure the feasibility and innovation of development proposals.
"Assembling a multi-disciplinary team of experts is a crucial foundation to promote opportunities and tackle challenges for the future of third-generation internet."
Professor Pan Shizheng, task force member, 06/2025
How does the digital asset development policy version 2.0 impact Hong Kong?
The Hong Kong government has updated the digital asset development policy to version 2.0, focusing on strengthening the legal framework, enhancing governance, and attracting resources for the development of digital asset technology.
This policy is expected to create important advancements to help Hong Kong compete globally in the field of digital assets, promote innovation, and protect user rights.
How do the task force and digital asset policy version 2.0 coordinate?
Task force members will play an advisory role, providing expertise and experience to promote the practical implementation of the new policy, ensuring the feasibility and sustainability of development initiatives.
This collaboration significantly enhances technological innovation strength and reinforces Hong Kong's position as a leading digital asset hub in the region and the world.
What are the supporting measures and future prospects for Hong Kong?
The government will continue to build an ecosystem that aligns with the development needs of third-generation internet while leveraging resources from the task force to promote research, development, and application of new technology.
Based on market analyses and forecasts from an international research organization in 2024, this combination is expected to strengthen Hong Kong's position as an attractive destination for businesses and partners in the digital asset field.
Frequently Asked Questions
What is the main mission of the Hong Kong third-generation internet development task force? The mission is to advise, propose innovative and practical solutions for the development of third-generation internet, contributing to enhancing Hong Kong's digital technology. Why are unofficial task force members industry leaders and experts? Because their deep experience and vision help ensure development proposals align with practical realities and global trends. What are the highlights of version 2.0 of the digital asset development policy? This policy focuses on strengthening the legal framework and enhancing Hong Kong's competitiveness in the global digital asset sector. How long is the working period of the new task force? The new task force's term is two years, starting from July 1, 2025. How do experts in the task force contribute to development? They provide expertise and guidance to help the government successfully implement digital asset development strategies.
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