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Techub News reports that the Legislative Council of Hong Kong has established a Subcommittee on Matters Relating to the Development of Artificial Intelligence and Robotics Technology, which held its first meeting today. Legislative Council member for the Election Committee constituency, Wu Jiezhuang, who has long been concerned with the development of cutting-edge technologies, was elected as the Chairman. The Subcommittee on Matters Relating to the Development of Artificial Intelligence and Robotics Technology will comprehensively review the economic benefits and growth potential brought by artificial intelligence and robotics technology to various sectors (including finance, healthcare, logistics, education, construction, and creative industries, etc.) in Hong Kong; delve into the specific impacts and substitution risks of technological applications on the local labor market structure and different types of jobs (from frontline operations to professional positions); examine whether current human resources policies, vocational education, and retraining mechanisms are sufficient to cope with industrial transformation; and actively provide opinions and suggestions on how to balance technological dividends with labor protection, promote the "human-machine collaboration" model, and improve talent pool development.
Techub News reported, according to "Hong Kong 01", Hong Kong Legislative Council member Wu Jiezhuang recently co-initiated the "Hong Kong-Korea Web3 Policy Promotion Alliance" with South Korean National Assembly members. The alliance stated that both sides will focus on key areas such as digital asset regulation, stablecoin mechanisms, artificial intelligence development, and blockchain infrastructure interconnection between the two regions, aiming to establish unified regulatory standards. Wu Jiezhuang also stated that this alliance is the first cross-regional non-governmental policy cooperation platform in Asia. It is reported that both parties plan to promote in-depth collaboration in the Web3 industry between Hong Kong and South Korea through regular exchanges and policy research, and provide a reference for the digital economy regulatory framework in the Asian region.
Techub News reported that Dr. Wu Jiezhuang, a Hong Kong Legislative Council member and a member of the National Committee of the Chinese People's Political Consultative Conference, stated at the "Shrimp Raising Session" of Asia's largest lobster special zone CLAWTIME that AI is one of the most important productive forces for humanity in the future. Regarding the risks associated with the tool Openclaw, Dr. Wu Jiezhuang pointed out that while encouraging innovation, safety must also be ensured. He revealed that Hong Kong will promote universal AI education for all citizens this year, and relevant content will be incorporated into future policies and laws.
Techub News reported, according to Wen Wei Po, Hong Kong Legislative Council member Wu Jiezhuang shared in a story about his duties that he utilized blockchain technology to assist in the development of mainland rural agriculture. He pointed out that Hong Kong possesses internationally leading advantages in the blockchain field, particularly in RWA (Real World Asset tokenization). By establishing a credible data chain for agricultural products through a blockchain traceability system, consumers can easily verify their origins, thereby enhancing product value. Simultaneously, blockchain opens new financing channels for agriculture, transforming agricultural product data into mortgageable assets to help farmers obtain low-cost capital. He explained technological stories in a down-to-earth manner, transforming complex blockchain into a practical tool where "trust becomes new productivity and data becomes new farming implements," promoting the digital transformation of rural areas.
Techub News reported that according to a tweet by Hong Kong Legislative Council member Wu Jiezhuang, Hong Kong's gradually relaxing policies will help licensed companies and practitioners fully realize their potential. The Chief Executive has proposed that the first batch of stablecoin issuer licenses is expected to be issued starting in March this year, a move that will further enhance societal recognition and practical application of Web3. He suggested that Hong Kong consider establishing a dedicated agency or department to comprehensively oversee the development direction of digital and crypto assets. For example, by introducing clear guidelines or regulations to enable decentralized autonomous organizations (DAOs) to operate more compliantly in Hong Kong and attract more Level 1 public chain projects to develop and grow in Hong Kong.
Techub News: According to CoinDesk, Hong Kong Legislative Council member Wu Jiezhuang stated in an interview that cryptocurrencies cannot be easily divided by country or economy; they are a whole. The crypto industry requires cross-jurisdictional regulatory coordination and predictability. He hopes the Hong Kong government can strengthen connections with different jurisdictions and promote collaboration among regulatory bodies. Furthermore, he mentioned that the focus of the next stage is on improving the regulatory system. This year, regulations on custody and over-the-counter trading will be introduced, and reform measures allowing professional investors to conduct large-scale transactions may also be implemented.
Techub News, according to an announcement on the Hong Kong Stock Exchange, Deson Development International Limited plans to place 11.5 million new shares to Dr. Ng Kit Chong, Chairman of the Peak Group, at HK$1.14 per share, and place 130 million new shares to its existing strategic shareholder, The Reynold Lemkins Group (Asia), at the same price. The company will also issue 180 million non-listed warrants to The Reynold Lemkins Group, with an initial exercise price of HK$1.704 per share. If all the relevant warrants are exercised, The Reynold Lemkins Group's shareholding may increase to 30.90%, potentially triggering a mandatory general offer obligation under the Takeovers Code. The core use of this fundraising is directed towards the transformation of traditional real estate business Web3 and the layout of asset digitization (RWA). The company simultaneously announced that, after a brief trading suspension on January 20, trading of its shares resumed at 9:00 a.m. on January 21.
Techub News reports that Wu Jiezhuang shared his thoughts on being re-elected as a member of the Eighth Legislative Council of Hong Kong, stating, "Moving forward in the council, I will continue to promote the development of Web3 in Hong Kong and assist the Hong Kong Special Administrative Region government in advancing cutting-edge future industries, including embodied AI, quantum computing, and space technology, to solidify the unique positioning granted to Hong Kong by the nation as an international innovation and technology hub." Additionally, Wu Jiezhuang responded to questions regarding the future direction of stablecoins and the development of RWA. He stated, "There will be no major changes in the development of Hong Kong's stablecoins; progress will continue steadily"; "RWA is currently a widely discussed topic in both traditional and Web3 industries. Hong Kong has already promoted regulatory sandboxes, and it is believed that within these sandboxes, the importance of compliant development and the direction of future regulation will be explored. I believe different industries can boldly experiment with integrating Web3 technology, which I am confident will drive the development of numerous real-world applications." Regarding how to address the rapid increase in developer demand, Wu Jiezhuang stated that the Hong Kong Special Administrative Region government has been actively promoting the development of the Northern Metropolis and the Lok Ma Chau Loop Shenzhen-Hong Kong Innovation and Technology Park. In addition to attracting enterprises to establish a presence, this will also drive talent acquisition. An increasing number of enterprises, such as Web3 public chains, compliant exchanges, and underlying infrastructure providers, are setting up operations in Hong Kong. The success of developers and innovation and technology enterprises is inseparable. In the future, efforts will be made to assist the industry in building a talent ecosystem and encourage more developers and professionals to settle in Hong Kong.
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