The Policy Innovation and Coordination Office of the Chief Executive of the Hong Kong Special Administrative Region held a symposium on digital finance to explore how high-quality development can contribute to building a "financial powerhouse."

Techub News, according to Sing Tao Daily, the Hong Kong Chief Executive's Policy Unit held a digital finance symposium. Attendees included a research team from the People's Bank of China Financial Research Institute, members of the Web3.0 Development Task Force, and former HKMA Chief Executive Norman Chan. The meeting discussed how Hong Kong can contribute to the nation's goal of building a strong financial sector in three aspects: digital finance application scenarios, balancing regulation and development, and connecting with and coordinating the development of the mainland's digital financial infrastructure.

At the meeting, Norman Chan stated that "cryptocurrency is neither the only encrypted thing, nor is it currency," pointing out that assets like Bitcoin lack monetary attributes, which necessitates regulatory attention on anti-money laundering and investor protection. Regarding the connection and coordinated development of digital financial infrastructure between Hong Kong and the mainland, some participants believed that cooperation between the two sides has progressed from infrastructure interconnection to a new stage of jointly building an ecosystem. Others suggested that the key to development lies in leveraging the complementary effects of the mainland's market demand and Hong Kong's international advantages. As a "testing ground" for national financial security and a cross-border "super-connector" and "super-value-adder," Hong Kong still has significant room for deepening cooperation with the mainland. Future topics worthy of in-depth exploration include cross-border network cooperation on central bank digital currencies, the connection of different application scenarios such as the digital yuan, and continuous innovation.