In a progressive move to enhance its digital ecosystem, Hong Kong's Legislative Council has established a specialized subcommittee dedicated to Web3 and virtual assets. This initiative reflects Hong Kong's commitment to embracing technological advancements and promoting digital transformation.

為了加強其數位生態系統，香港立法會成立了一個專門負責 Web3 和虛擬資產的專門小組委員會。這項措施反映了香港對擁抱科技進步和推動數位轉型的承諾。

Through this subcommittee, the Legislative Council intends to establish regulatory frameworks, facilitate innovation, and capitalize on Web3 and virtual assets to drive economic expansion and global competitiveness in the digital realm.

立法會打算透過該小組委員會建立監管框架，促進創新，並利用Web3和虛擬資產來推動數位領域的經濟擴張和全球競爭力。

Subcommittee's Objectives and Initiatives

小組委員會的目標和舉措

The subcommittee, spearheaded by Legislative Council member Wu Jiezhuang, aims to spur growth in these sectors. It seeks expert insights from the global industry to shape policy recommendations and future development strategies.

該小組委員會由立法會議員吳介壯牽頭，旨在刺激這些行業的成長。它尋求全球行業的專家見解，以製定政策建議和未來發展策略。

Key areas of focus include:

重點關注領域包括：

• Developing well-balanced regulatory frameworks for Web3 technologies
• Fostering international collaboration to establish Hong Kong as a global Web3 hub
• Integrating artificial intelligence with Web3 advancements
• Establishing robust policy frameworks for decentralized autonomous organizations (DAOs)

Additionally, the subcommittee will seek to attract skilled individuals, enhance investor protection to boost market confidence, and explore regulations for governing stablecoins and custody services.

為Web3 技術制定均衡的監管框架促進國際合作，將香港打造成全球Web3 中心將人工智慧與Web3 進步相結合為去中心化自治組織(DAO) 建立穩健的政策框架此外，小組委員會將尋求吸引技術人才，加強對投資者的保護提振市場信心，探索穩定幣和託管服務監管法規。

Hong Kong's Competitive Advantage in Virtual Assets

香港虛擬資產的競爭優勢

Hong Kong has positioned itself as a key player in the virtual asset market. Its advantages include low tax rates, a clear legal framework, and strong investor protection mechanisms. According to Hu Zhenbang, CFO of OSL Group, Hong Kong's tax regime, which exempts value-added tax on assets, makes it appealing to investors compared to jurisdictions like Japan and Australia.

香港已將自己定位為虛擬資產市場的主要參與者。其優勢包括低稅率、明確的法律架構和強而有力的投資者保護機制。 OSL集團財務長胡振邦表示，與日本、澳洲等司法管轄區相比，香港免除資產增值稅的稅制對投資者有吸引力。

Hong Kong also benefits from its prominence as a financial hub, attracting international capital and enjoying strong backing from China. Notably, the favorable stance of Hong Kong's banking sector towards virtual assets, compared to its counterparts in Japan, fosters a conducive environment for virtual asset institutions.

香港也受益於其作為金融中心的地位，吸引了國際資本並享有中國的大力支持。值得注意的是，與日本銀行業相比，香港銀行業對虛擬資產的積極態度為虛擬資產機構創造了有利的環境。