Month: November 2022

Shi Xingguo Talks to Jack Kong: New Opportunities for Hong Kong Web3 in The Crypto Winter and Lessons from The FTX Crisis

On the evening of November 14th, the 13th episode of ” Observing the Langya List” was broadcasted, and Mr. Shi Xingguo (member of the Blockchain Special Committee of the China Computer Federation, founder of Hyperchain, winner of the National Science and Technology Progress Award, and former chief engineer of the Internet Laboratory of the Software Institute of the Chinese Academy of Sciences) was the host. He was joined by Jack Kong (founder of Nano Labs, a Nasdaq-listed company with ten years of industry experience and successful incubation of the first blockchain industry stock and the first Chinese metaverse stock). The two discussed the latest ” Policy Statement on Virtual Asset Development in Hong Kong,” the problems exposed by the FTX liquidity crisis, and hot topics such as new public chain economic models and NFT. Continue reading “Shi Xingguo Talks to Jack Kong: New Opportunities for Hong Kong Web3 in The Crypto Winter and Lessons from The FTX Crisis”

Shi Xingguo, The Founder of Hyperchain, Provided His Interpretation of The Surge of A-Share Web3.0 Concept Stocks

Shi Xingguo, the founder of Hyperchain, provided his interpretation of the surge of A-share Web3.0 concept stocks

Recently, Web3.0 concept stocks of A-share listed companies have risen against the trend and become a new hot spot in the market. On November 10th, Web3.0 concept stocks triggered a surge, with Quanshi World Online Network Information gaining eight consecutive limit-ups in 10 days, and Rongji WISP gaining four consecutive limit-ups. Many listed companies, including Philisense, COL, Net263, CSII, and TungKong, have responded that they have laid out related businesses. Shi Xingguo, the founder of Hyperchain, was invited by Huoxun.comto interpret this phenomenon. Continue reading “Shi Xingguo, The Founder of Hyperchain, Provided His Interpretation of The Surge of A-Share Web3.0 Concept Stocks”

Founder of Hyperchain, Shi Xingguo, Provided His Interpretation of The Hong Kong SAR Government’s Policy Statement Regarding Virtual Assets

The Hyperchain’s founder, Mr. Shi Xingguo, believes that Hong Kong is more attractive to mainland China than other Asia-Pacific regions. He also stated that Hong Kong has always had a solid foundation for financial business, but its initiative in virtual assets has been surpassed by other regions in recent years. Therefore, it is crucial for Hong Kong to lead in virtual assets in the Asia-Pacific region and even internationally, while maintaining long-term and consistent policies.

In addition to policies, Hong Kong has plans to attract major upstream and downstream participants to settle in Hong Kong, forming a relatively complete ecosystem. Hong Kong and mainland China can complement each other in many ways. Previously, many Web3 projects in mainland China, including encrypted asset projects, were forced to develop overseas due to regulatory reasons, but they still rely heavily on domestic development resources and application development capabilities. Continue reading “Founder of Hyperchain, Shi Xingguo, Provided His Interpretation of The Hong Kong SAR Government’s Policy Statement Regarding Virtual Assets”