Chen Maobo, the director of the Hong Kong Financial Secretary, attended the third -generation Internet (Web 3.0) related activities on Wednesday (April 12).The virtual asset development team will be established to submit suggestions to the government on the sustainable and responsible development of the industry.

According to Sing Tao Daily, Chen Maobo reminded to calm down the development of Web 3.0 calmly and carefully.He said that in October last year, a policy declaration on the development of virtual assets in Hong Kong was issued. The government promoted the sustainable and responsible development of the virtual asset market. Under the regulatory ideas of "the same business, the same risks, and the same rules"Innovation and development.

Chen Maobo pointed out that it will set up a virtual asset development specialized group to work with the industry representatives to submit suggestions to the government on the sustainable and responsible development of the industry.

He believes that web 3.0 can bring pain points for the market and solve the pain points for the society. It describes "great promise" and hopes that all walks of life can jointly build a vigorous Web 3.0 ecosystem in Hong Kong.

The Hong Kong Chief Executive Li Jiachao delivered a speech at the establishment of the Hong Kong Web 3.0 Association on Tuesday that innovation technology is a key field of Hong Kong development, and it is necessary to adhere to the economic growth with technological innovation.The development of Web 3.0 is at the beginning of the gold starting point. This subversive technology can change many original business operation models while creating more new opportunities.