Wu Jiezhuang: Suggest Hong Kong to establish a digital asset foreign exchange fund and a blockchain unified trading and settlement platform
According to online reports, Wu Jiezhuang, member of the National Committee of the Hong Kong People's Political Consultative Conference, member of the Hong Kong Legislative Council and chairman of the Subcommittee on Web3 and Virtual Assets Development, pointed out that in order to solve the bottlenecks in digital economic development such as financing difficulties for small and medium-sized enterprises in the Mainland and inefficient cross-border transactions, he suggested establishing a digital asset foreign exchange fund in Hong Kong to provide digital asset mortgage financing for small and medium-sized enterprises in the Greater Bay Area of the Mainland, and at the same time promote financial circulation in the Greater Bay Area. He also suggested promoting Hong Kong's licensed virtual asset trading platforms to establish a unified blockchain trading and settlement platform, promoting the tokenization of physical assets, and achieving 7×24-hour uninterrupted trading.
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