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Hong Kong Financial Secretary Chan Mo po: This is a golden opportunity for the development of Web3 and a thrilling moment

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On April 12th, at the main venue of the \”2023 Hong Kong Web3 Carnival\”, the Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, stated in his

Hong Kong Financial Secretary Chan Mo po: This is a golden opportunity for the development of Web3 and a thrilling moment

On April 12th, at the main venue of the “2023 Hong Kong Web3 Carnival”, the Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, stated in his opening speech that the development of Web3 should be viewed from a historical perspective of technological change. Technological change leads to commercial innovation, and commercial behavior also drives better technological change. The Internet is a force of this type of change, and the rise of blockchain technology, Let the internet enter the Web3 era. Hong Kong will promote the sustainable and responsible development of the virtual asset market, and appropriate regulation is necessary to create a sustainable development space. Now is a golden opportunity for the development of Web3, as well as a thrilling moment. Looking back at history, Web3’s development will once again rapidly develop after experiencing shocks.

Hong Kong Financial Secretary Chan Mo po: This is a golden opportunity for the development of Web3 and a thrilling moment

I. Introduction
A. Explanation of the Hong Kong Web3 Carnival Event
B. Background of Web3
C. Historical Perspective of Technological Change
II. The Impact of Technological Change on Commercial Innovation
A. Commercial Behavior takes Technology Forward
B. The Influence of the Internet on Commercial change
C. Rise of Blockchain Technology and Web3 Era
III. Hong Kong’s Role in Promoting Sustainable and Responsible Development of the Virtual Asset Market
A. Importance of Appropriate Regulation
B. Promotion of Sustainable and Responsible Development
C. The Golden Opportunity for Web3 Development
IV. The Thrilling Momentum for Web3 Development
A. The Shock of the Past Leads to Rapid Development
B. The Impact of Web3 on Asian Markets
C. The Future of Web3 Development
V. Conclusion
A. Recap of the Importance of Web3 Development
B. Hong Kong’s commitment to Supporting Sustainable Development
C. The Role of Technology in Driving Positive Change
D. Three Unique FAQs
# On April 12th, Chen Maobo, the Financial Secretary of the Hong Kong Special Administrative Region Government, made a speech at the “2023 Hong Kong Web3 Carnival” stating that the development of Web3 should be viewed from a historical perspective of technological change. Chen’s Opening statements highlighted the significance of Web3 in the current tech world, promoting its sustainably and responsible development for the Hong Kong market. This article examines the impact of technological change on commercial innovation, Hong Kong’s efforts to promote the sustainable and responsible development of the virtual asset market, the thrilling momentum of Web3 development, and its future.
The first step towards understanding the importance of Web3 development is considering its impact on commercial innovation. Commercial behavior fosters better technological advancements, leading to more advanced technological solutions. The internet has been the driving force behind this change, leading to innovations such as the rise of blockchain technology, which has ushered in the Web3 era.
Hong Kong is committed to promoting the sustainable and responsible development of the virtual asset market. Appropriate regulation is vital to creating a sustainable development space for Web3 technology to thrive. The market for virtual assets is growing, and Hong Kong’s efforts to facilitate regulation will help in promoting responsible development, subsequently supporting growth. The timing for Web3 development is ideal as it presents a golden opportunity for fintech industries to transform and reach new heights.
The excitement surrounding Web3 development is immense, and taking the lessons learned from history into account, this is just the beginning of rapid development. Asian markets are primed for Web3 technology, and its impact will likely be vast and transformative. The future of Web3 technology remains bright as it continues to revolutionize the fintech industry worldwide.
In conclusion, the development of Web3 in Hong Kong represents a significant opportunity for technological advancement, commercial behavior, and positive societal change. The city is committed to supporting sustainable development in the fintech industry and facilitating appropriate regulation to create a viable development space for Web3 technology. As Chen Maobo stated in the opening speech, looking back at history, Web3’s development will once again rapidly develop after experiencing shocks.
# FAQs
1. What is Web3?
Web3 represents the next iteration of the internet, where users can transact without intermediaries or centralized organizations, enabling decentralized applications.
2. How does Hong Kong plan to regulate the virtual asset market?
Hong Kong intends to put in place appropriate regulatory frameworks that promote responsible and sustainable development of the virtual asset market.
3. What are the benefits of Web3?
Web3 technology presents vast opportunities, including the possibility of decentralized solutions, increased security, and privacy, among others.
# Keywords
Web3, blockchain technology, responsible development

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