BlockBeats News, December 14th: Hong Kong Legislative Councilor Wu Chi-chung stated in a post that he will continue to promote the development of Hong Kong's Web3, sharing his views on topics such as the future of stablecoins and RWA development as follows: He believes that there will be no significant changes in the development of stablecoins in Hong Kong, and progress will continue steadily. The Stablecoin Bill was passed in the 7th Legislative Council session after lengthy deliberation and discussion. The overall development will be in line with the international and Hong Kong financial environment, moving forward steadily, starting with the local market as a pilot, aiming to develop the international market, and leveraging Hong Kong's status as a financial and technology innovation center. RWA is a topic that is currently widely discussed in both the traditional and Web3 industries. Hong Kong has already promoted regulatory sandboxes, and it is believed that under the sandbox, the importance of exploring compliant development and the future direction of regulation will be explored. It is believed that different industries can boldly try to combine Web3 technology, which can promote the development of a large number of real-world applications. There is a growing demand for developers. More and more companies have set up operations in Hong Kong, focusing on Web3 public chains, compliant trading platforms, underlying infrastructure, etc. The success of developers is closely linked to tech innovation enterprises, and in the future, efforts will be made to assist the industry in building a talent ecosystem to attract more developers and professionals to settle in Hong Kong.

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