Foresight News reports that Hong Kong Legislative Council member Wu Jietzhuang stated on X that he has submitted written proposals to Li Jiachao regarding the 2025 Policy Address, covering 27 proposals across 6 major categories, including: 1. Proposing to further promote Hong Kong as a Web3 hub: Focusing on policy support, talent cultivation, and industry ecosystem, including improving regulations and tax incentives for crypto assets and tokenized assets. 2. Leading the establishment of a Belt and Road Crypto Asset Regulatory Alliance: Collaborating with Belt and Road countries and regions to jointly promote the development of Web3 policy regulation, holding an annual crypto asset regulatory summit in Hong Kong, and designing Web3 compliance standards that align with international rules. 3. Establishing a RWA Development Academy for Asset Tokenization: The academy's functions include researching relevant compliance laws and promoting the opportunities of asset tokenization in Hong Kong to attract more businesses to develop in the region.