CZ Zhao Changpeng demonstrated ambition during an exchange at the University of Hong Kong, planning to challenge the status of USDT through a Hong Kong stablecoin and willing to provide technical and traffic support. His goal is to obtain Binance's compliance identity in Hong Kong, intending to offer stablecoin solutions that support the internationalization of the Renminbi. At the same time, he suggested that Hong Kong put its stocks on the blockchain, creating an on-chain stock market for 24-hour global trading, which would bring valuable technology and traffic to Hong Kong and shorten its blockchain development process. Zhao Changpeng's plan aims not only to enhance Hong Kong's blockchain status but also to potentially bring immense economic benefits to Hong Kong, such as significant cost savings, but this may also imply collaboration with the central government, indicating his wish to return to China. Additionally,

A few days ago, CZ Zhao Changpeng @cz_binance revealed his ambitious plans during a discussion at the University of Hong Kong, which left a strong impression on me. Today, I finally had time to organize my notes from that time. So what does he really want to do?

First, the conclusion: He wants Hong Kong!

First, he aims to challenge the status of USDT with a Hong Kong stablecoin. He mentioned that USDT has done 100 billion worth of 'private work' for the US dollar, meaning that once stablecoins grow large, they essentially become a 'shadow settlement network' for fiat currencies. He believes a Hong Kong stablecoin can leverage the mainland, providing a compliant avenue for the internationalization of the Renminbi. This is an opportunity that places like Singapore and Dubai cannot take away; only Hong Kong has this chance.

Second, he is willing to provide technology and traffic to facilitate trading with Hong Kong. He stated that RWA (Real World Assets) are all bubbles, urging not to focus on putting luxury villas and mansions on-chain, which is time-consuming and labor-intensive without anyone to take them over. The real gold mine is to move stocks and bonds, which are already traded online, onto the blockchain. His point is that the Hong Kong Stock Exchange can put all Hong Kong stocks on-chain, upgrading it to a 24-hour global trading on-chain stock market. This implies that he can bring these technologies to Hong Kong, along with the traffic from Binance, the largest exchange in the world.

From these two points, it is clear that old Zhao ultimately desires a compliant identity for Binance in Hong Kong! What he can provide is also what Hong Kong lacks the most: his technology and traffic, which can save Hong Kong at least 10 years of detours! It is evident that his words are directed at Hong Kong but are actually a signal of cooperation to the central government; he wants to return to his roots! He even joked that the money he can save for Hong Kong would be enough to treat everyone present to good morning tea for several years.

Old Zhao also mentioned AI, stating that the ultimate development of AI will definitely belong to the blockchain, as only blockchain can provide economic settlement for this industry. I strongly agree with this; I've always believed it. However, regarding RWA, I don't quite agree. The real estate market is the largest trading market globally; is there any essential difference between on-chain transactions of real estate and on-chain transactions of stocks? It's just a matter of attributes. Currently, excellent projects like @MavrykNetwork have already opened up a market of over 10 billion dollars. The assetization of real-world assets on-chain is indeed the true infrastructure of the metaverse.