Legislative Council members from the Subcommittee on Web3 and Virtual Asset Development visited the Consensus Hong Kong Conference today (20th) at the Hong Kong Convention and Exhibition Centre in Wan Chai. The visit aimed to understand this major international conference and exhibition's first-ever Hong Kong edition, focusing on cryptocurrencies, blockchain, and Web3 technologies.
Key Highlights of the Consensus Hong Kong Conference
During the tour, members:
- Engaged with conference representatives to learn about the event's key exhibitions, activities, and Hong Kong’s strategic role as the host city.
- Explored global trends, noting the conference gathered leaders, investors, and startups from cryptocurrency, blockchain, Web3, and fintech sectors.
- Discussed cutting-edge topics like virtual assets, open finance, and artificial intelligence through keynote speeches, summits, and investor networking sessions.
👉 Discover how Web3 is transforming global finance
Web3 Innovation and Startup Competitions
Members observed competitions showcasing:
- Emerging Web3 startups presenting scalable blockchain solutions.
- Groundbreaking ideas aimed at fostering innovation in decentralized technologies.
The Subcommittee emphasized Hong Kong’s growing influence in Web3, citing the event as proof of international confidence in the city’s ecosystem.
Strengthening Hong Kong’s Web3 Leadership
Legislators exchanged insights with organizers on:
- Advancing Web3 adoption through policy support.
- Cryptocurrency economy growth and business opportunities.
- Global networking to position Hong Kong as a hub for digital asset innovation.
👉 Learn about blockchain’s role in modern economies
FAQ Section
Q: Why was Hong Kong chosen for Consensus?
A: Hong Kong’s robust fintech infrastructure, regulatory clarity, and strategic gateway role in Asia made it an ideal host.
Q: How does Web3 benefit startups?
A: Web3 enables decentralized funding, global collaboration, and transparent transactions, reducing traditional barriers.
Q: What’s next for Hong Kong’s virtual asset sector?
A: Expect tighter industry standards, more institutional investments, and deeper integration with global Web3 projects.
Attendees included:
- Subcommittee Chairperson Kenneth Leung
- Members Ma Fung-kwok and Carmen Kan
The visit underscored Hong Kong’s potential to drive the next wave of digital transformation.