As reported by HashNews, Hong Kong Legislative Council member Ngok Chak-chung was re-elected to the eighth Legislative Council and pledged to continue promoting Web3 development in Hong Kong. He also expressed support for the SAR government in advancing cutting-edge future industries such as smart technology, quantum computing, and space technology. Regarding Hong Kong's Web3 development, Ngok stated that there will be no major changes in the development of stablecoins, and progress will be steady. On RWA, Hong Kong has already launched a regulatory sandbox, and he believes various industries can boldly integrate Web3 technologies to drive the development of numerous real-world applications. He also mentioned plans to help build a talent ecosystem to encourage more developers and professionals to settle in Hong Kong.
Hong Kong Legislator Ngok Chak-chung Re-elected, Pledges to Promote Web3 Development
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Summary
Hong Kong Legislative Council member Ngok Chak-chung was re-elected and pledged to push forward Web3 development. He supports the SAR government’s focus on future technology, including smart tech, quantum computing, and space innovation. Ngok said stablecoin development will remain steady, while Hong Kong’s RWA regulatory sandbox is open for industry integration. He also aims to build a talent ecosystem to attract developers and professionals, reinforcing the city’s role in shaping the future of technology.
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