The Hong Kong government announced the establishment of a task force for the development of the third generation Internet (Web3.0). The task force is chaired by Financial Secretary Paul Chan Mo-po and includes 15 non-official members from relevant industries, as well as representatives from relevant key government officials and financial regulators. Non-official members will be appointed for a two-year term effective July 1, 2023.

Chen Maobo said: "The blockchain technology behind Web3.0 has the characteristics of disintermediation, security, transparency and low cost, and can solve many difficulties and pain points in finance, transactions, business operations and even life. As an international financial center and As a metropolis that values ​​innovation and technology, Hong Kong embraces the general trend of Web 3.0 development and strives to bring together top companies and talents in this field to build a flourishing ecosystem. The task force brings together leaders and professionals in relevant industries. I believe they are valuable The opinions will help Hong Kong develop into a Web3.0 hub.