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Hong Kong Financial Secretary: The government will adopt a dual strategy of “appropriate regulation” and “promoting development” for Web3

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On April 9th, it was reported that the Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, posted on the Hong Kong Special Administrative Reg

Hong Kong Financial Secretary: The government will adopt a dual strategy of appropriate regulation and promoting development for Web3

On April 9th, it was reported that the Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, posted on the Hong Kong Special Administrative Region Government website his essay “Developing Web3- Upholding Integrity, Innovation, Stability, and Prudence”, stating that the “Financial Budget” proposes three major directions for promoting high-quality development in Hong Kong, and believes that the digital economy and the application of the third generation Internet (Web3) have great development potential. This week alone, at least four large-scale seminars or carnivals related to Web3, digital economy, and financial technology will be held in Hong Kong, with some events expected to have over 10000 physical participants.

Hong Kong Financial Secretary: The government will adopt a dual strategy of “appropriate regulation” and “promoting development” for Web3

I. Introduction
A. Background information
B. Purpose of the article
II. Chen Maobo’s essay
A. Overview of “Developing Web3- Upholding Integrity, Innovation, Stability, and Prudence”
B. Chen’s three major directions for promoting high-quality development in Hong Kong
C. Why Chen believes the digital economy and Web3 have great development potential
III. Web3 and its potential for Hong Kong
A. Explanation of Web3 and its relationship to the digital economy
B. How Web3 can benefit Hong Kong
C. The role of financial technology in Web3 development
IV. Upcoming seminars and events on Web3 and the digital economy
A. Overview of the four large-scale seminars and carnivals
B. Significance of these events
C. Key takeaways expected from these events
V. Conclusion
A. Recap of key points
B. Final thoughts on the future of Web3 and the digital economy in Hong Kong
VI. FAQs
A. What is Web3 and why is it important?
B. How can the digital economy benefit Hong Kong?
C. Are there any challenges to integrating Web3 and financial technology in Hong Kong?

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