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”