HK Lawmaker Proposes Web3 Financing Platform for Greater Bay Area

A Hong Kong lawmaker has proposed a financing platform for blockchain and digital asset companies in the Greater Bay Area to promote innovation and protect China’s position in global tech leadership.
 
Johnny Ng, a pro-blockchain member of Hong Kong’s Legislative Council, made the proposal as China’s two central political bodies converged in Beijing for the Two Sessions extravaganza. While this year’s focus was on economic recovery, Taiwan, and foreign relations, the lawmakers also discussed the future of China’s tech industry, and Ng squeezed Web3 into the agenda.
 
The lawmaker’s proposal acknowledges that Hong Kong has become a global leader in Web3, attracting some of the largest and most innovative projects. China should leverage this infrastructure to boost its grip on the Web3 sector and expand it to the Greater Bay Area.


Source: CoinGeek