Introduction
Crypto Insiders speaks with Terry Chan, the Fintech Head of Hong Kong’s Investment Promotion Agency (InvestHK), who shares insights on the optimistic outlook for Web3 development in Hong Kong and the various policies and advantages that attract companies to the city.
Positive Web3 Development in Hong Kong
Terry highlights the recent influx of companies looking to understand Hong Kong’s policies and advantages concerning Web3 development. He also notes the positive support for the industry from high-level government officials during public events. Regulatory authorities are working to improve their management of regulatory logic and introduce relevant licenses, such as those for centralized exchanges and stablecoins.
Hong Kong Web3 Carnival
During the Hong Kong Web3 Festival, several Web3 companies from around the world seized the opportunity to enter the Hong Kong market, demonstrating an optimistic outlook for the industry.
About InvestHK
InvestHK actively encourages mainland enterprises, SMEs, and multinational corporations to establish or expand their businesses in Hong Kong. The agency provides free professional advice and support services throughout the planning and implementation stages of business expansion. InvestHK is committed to attracting overseas investment projects that benefit Hong Kong’s economy and development strategies, while also encouraging these projects to continue developing within the city.
As part of InvestHK, Terry Chan is responsible for attracting investments in the fintech sector, including blockchain and Web3 companies.
