Hong Kong Web3 Festival just kicked off. Two key alpha drops from official speakers:

1️⃣ Legislative Council member Qiu Dagen: Hong Kong's edge = stability, transparency, and regulatory continuity. Meanwhile, US policy flip-flops create uncertainty. HK needs more devs and clearer product classification + approval processes.

2️⃣ SFC Executive Director Ye Zhiheng: Dropping a GLOBAL-FIRST framework THIS AFTERNOON allowing VA trading platforms to trade tokenized assets—not just MMFs, but eventually ALL authorized products. This is the RWA exchange trading unlock Hong Kong's been waiting for.

TLDR: Hong Kong positioning as the stable, builder-friendly jurisdiction while US regulatory chaos continues. RWA infrastructure getting real rails.

Catch the live stream on PANews WeChat video channel or swing by the PANews booth next to the main stage.