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.

为了加强其数字生态系统，香港立法会成立了一个专门负责 Web3 和虚拟资产的专门小组委员会。这一举措反映了香港对拥抱科技进步和推动数字化转型的承诺。

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.

立法会打算通过该小组委员会建立监管框架，促进创新，并利用Web3和虚拟资产来推动数字领域的经济扩张和全球竞争力。

Subcommittee's Objectives and Initiatives

小组委员会的目标和举措

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.

该小组委员会由立法会议员吴介壮牵头，旨在刺激这些行业的增长。它寻求全球行业的专家见解，以制定政策建议和未来发展战略。

Key areas of focus include:

重点关注领域包括：

• 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.

为 Web3 技术制定均衡的监管框架 促进国际合作，将香港打造成全球 Web3 中心 将人工智能与 Web3 进步相结合 为去中心化自治组织 (DAO) 建立稳健的政策框架 此外，小组委员会将寻求吸引技术人才，加强对投资者的保护提振市场信心，探索稳定币和托管服务监管法规。

Hong Kong's Competitive Advantage in Virtual Assets

香港虚拟资产的竞争优势

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.

香港已将自己定位为虚拟资产市场的主要参与者。其优势包括低税率、明确的法律框架和强有力的投资者保护机制。 OSL集团首席财务官胡振邦表示，与日本、澳大利亚等司法管辖区相比，香港免除资产增值税的税制对投资者有吸引力。

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.

香港还受益于其作为金融中心的地位，吸引了国际资本并享有中国的大力支持。值得注意的是，与日本银行业相比，香港银行业对虚拟资产的积极态度为虚拟资产机构创造了有利的环境。