Written by: Web3.0 Standardization Association
On August 1, 2025, against the backdrop of the accelerated transformation of the global digital economy, the ‘Anchoring the Future Summit of Web3.0 Press Conference,’ hosted by the Hong Kong Web3.0 Standardization Association, organized by Ant Group, co-organized by AI Mall Technology Ltd, and supported by the Hong Kong Polytechnic University AIoT Research Institute and IEEE Computer Society Blockchain and Distributed Ledger Technology Standardization Committee, successfully concluded at AI Mall in Central Hong Kong.
This press conference gathered many heavyweight guests from the government, academia, and industry, including Yang Debin, Honorary President of the Hong Kong Web3.0 Standardization Association, Legislative Council Member Qiu Dageng, Chairman of the International Data Industry Alliance Che Pinjue, Executive President of the Web3.0 Standardization Association Li Ming, as well as several bank executives and consuls stationed in Hong Kong. Elites from various sectors gathered to witness this historic moment of Hong Kong moving towards standardized, scaled, and internationalized development in the Web3.0 and fintech fields.
It is worth mentioning that on August 1, the (Stablecoin Regulation) officially came into effect, establishing the first regulated stablecoin licensing system in Hong Kong. The implementation of this system not only solidifies the policy foundation for the development of digital assets and the stablecoin ecosystem but also marks the entry of Hong Kong's digital assets and Web3.0 industry into a new era of standardized and scaled development, setting a benchmark for global digital economy innovation.
With the implementation of the regulations, Hong Kong is attracting global capital, technology, and talent with a clear regulatory framework, promoting financial technology and the digital economy towards a more open and prosperous direction. This press conference, gathering government representatives, industry leaders, and academic experts, coincides with this historic moment, further adding special significance – all parties witness the new chapter of standardized development in Hong Kong's Web3.0 industry, whose value and impact will continue to emerge with the industry’s advancement.
At the beginning of the event, Yang Debin, Honorary President of the Hong Kong Web3.0 Standardization Association, Legislative Council Member Qiu Dageng, Chairman of the International Data Industry Alliance Che Pinjue, Executive President of the Web3.0 Standardization Association Li Ming, and Huang Bin, Founder of AI Mall Technology Limited, took a group photo, followed by speeches.
During the speech segment, Yang Debin stated that Hong Kong's best practices can provide a ‘Hong Kong solution’ for the global development of the Web3.0 industry, promoting the integration of the digital economy with the world and allowing Hong Kong to seize a key opportunity in the accelerating evolution of the global digital economy, thereby laying a solid foundation for the high-quality development of the Web3.0 industry.
Qiu Dageng pointed out that the stablecoin legislation is not only an innovative attempt by Hong Kong but also an important step in global digital asset reform. The development of technology and industry standards is equally important, and the introduction of relevant regulations will help standardize the market and promote the healthy and orderly development of Web3.
Che Pinjue emphasized that Hong Kong, with its unique geographical advantages and solid data asset foundation, will provide strong support for the internationalization of Web3.0.
Li Ming proposed that standardization plays a crucial role in the development of the industry, especially in the early stages where standards can help establish industry norms and consensus, which is significant for the healthy development of the Web3.0 industry.
During the media Q&A session, Yang Debin, a representative of the National People's Congress, a member of the Hong Kong Special Administrative Region Government's Digital Economy Development Committee, and Honorary President of the Hong Kong Web3.0 Standardization Association, focused on the cooperation between Hong Kong and the Mainland in the digital economy sector. In response to related questions, he stated that the digital economic exchanges between Hong Kong and the Mainland are transitioning from policy alignment to deep collaboration. He cited the example of the stablecoin sector, where Hong Kong can leverage its international advantages to explore complementary applications with the Mainland’s digital renminbi in cross-border trade, forming a collaborative pattern to promote the integrated development of the digital economies of both regions. Yang Debin also mentioned that with the deepening flow of funds and data in the Greater Bay Area city cluster, Hong Kong will continue to play its role as an international financial center, promoting data connectivity, industry innovation, and R&D cooperation, accelerating the process of data industrialization.
Legislative Council Member Qiu Dageng stated in response to questions regarding the background and vision of the (Stablecoin Regulation) that the introduction of the regulation is an important measure for Hong Kong to adapt to the global trend of digital economy development, with the core goal of building a ‘safe and controllable, innovative and orderly’ stablecoin ecosystem. He pointed out, ‘The global stablecoin market has grown rapidly in recent years, and Hong Kong has taken the lead in establishing a licensing system, giving it a globally leading regulatory framework for digital assets, which helps attract quality institutions and enterprises to settle in Hong Kong and cultivate internationally competitive Web3.0 innovative enterprises.’ Member Qiu further explained that the focus of stablecoin legislation is to standardize transaction and operational mechanisms to ensure effective integration with the traditional financial system. He emphasized that stablecoins, as a cash-like payment tool, are primarily used for payment and circulation and should not be viewed as investment products. ‘Hong Kong's regulatory authorities have the capability to manage this new type of product well and will adopt differentiated regulatory approaches based on the characteristics of different platforms to ensure the market develops in a stable and orderly manner.’
Li Ming, President of the Hong Kong Web3.0 Standardization Association, stated that the development of Web3.0 and stablecoins is not just about technological innovation but must also serve the actual needs of the industry. He cited the example of charging piles: by integrating blockchain and asset tokenization business models, not only can it bring more capital to asset entities to expand scale, but it can also expand the user base through tokenization, enhancing asset liquidity and financing ability, thereby promoting the development of the entire industry. Li emphasized that setting industry standards is not just theoretical; it must effectively address practical problems and promote the effective connection of assets and capital. Taking the RWA industry as an example, RWA tokenization involves multiple asset types, service entities, and business processes; standardization is needed to regulate technical infrastructure and business norms. The launch of the RWA registration platform on August 7 will streamline the entire service system for the digitization, assetization, and financialization of RWA assets. He stated that only by forming practical and scalable international standards can Hong Kong's best practices contribute to the global development of the Web3.0 industry.
Che Pinjue, Chairman of the International Data Industry Alliance, stated in response to media questions comparing Hong Kong's regulations on stablecoins with international standards that Hong Kong is at the forefront of regulatory and market openness, with an overall regulatory framework closer to that of the United States, while the European Union is relatively stricter. He pointed out that Hong Kong is the first to establish relevant systems internationally, fully demonstrating its leading advantage in balancing innovation and regulation. Che also mentioned that data assets are a key element in the Web3.0 industry, and with the development of stablecoins and Web3.0 technologies, Hong Kong, with its unique location and data asset foundation, is expected to provide solid support for the internationalization of related industries.
In the Q&A segment, Huang Bin, founder of AI Mall Technology Limited and Secretary-General of the Hong Kong Web3.0 Standardization Association, stated that choosing to hold this press conference at AI Mall is because it represents the forefront of Hong Kong's digital economy and innovative technology. AI Mall brings together numerous tech companies and innovative resources, which aligns well with the development atmosphere of the Web3.0 and stablecoin industries, and provides a good platform for communication and showcasing for the attendees. He added, ‘We hope that through this innovative space at AI Mall, more cutting-edge technologies can enter the public's daily life.’
The entire press conference not only witnessed the significant moment of the (Stablecoin Regulation) coming into effect, but also through guest sharing and in-depth discussions, clearly outlined the development path of Hong Kong's Web3.0 industry. The RWA research and technical achievements presented at the August 7 meeting further showcased breakthroughs in technological innovation and application landing in the industry, providing important references for subsequent industrial practices. It is reported that this press conference is also an important precursor to the ‘Anchoring the Future Summit of Web3.0’ held on August 7 at the Hong Kong Stock Exchange, where higher-profile guests such as Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference Leung Chun-ying, Hong Kong's Secretary for Financial Services and the Treasury Christopher Hui, and Legislative Council Member Wong Kam-hang will continue to promote global exchanges and cooperation in the Web3.0 industry.
The successful holding of this event not only demonstrates Hong Kong's determination to balance standardized development and innovative exploration in the Web3.0 field but also provides ‘Hong Kong experience’ for the global Web3.0 ecosystem construction, expected to accelerate the gathering of high-quality resources in Hong Kong, helping it secure a more critical position in the global digital economy competition.
‘Anchoring’ the Future Summit Press Conference Hong Kong Media:
Xinhua News Agency Asia-Pacific Branch, People's Daily Asia-Pacific Branch, China Central Television Asia-Pacific Station, China News Service, Bauhinia New Media, Ta Kung Wen Wei, Zhongtong News Agency, Phoenix Satellite Television, Hong Kong News Agency, China Times, Hong Kong Commercial Daily, Guangzhou Television Station Hong Kong Correspondent Station, 21st Century Business Herald, Hong Kong Newspapers, Hong Kong Economic Herald, China Daily Asia Pacific (China Daily Hong Kong Edition), People's Political Consultative Conference News, Finance Magazine, Shenzhen Television Hong Kong Station, Hong Kong Major Events, Chinese Major Events, China Business Journal, US-China Times.