Zhao Changpeng: Hong Kong should maintain its leading financial position through financial innovation such as asset on chain

According to Hong Kong 01, Binance founder Zhao Changpeng stated that Hong Kong is suitable for financial innovation and the development of the Web3 industry. If we want to maintain our leading position in Asian finance, we cannot rely solely on traditional thinking to hold onto the Hong Kong Stock Exchange. Zhao Changpeng believes that asset on chain can break the time difference and cross-border restrictions, release the liquidity of small and medium-sized market assets, and pointed out that the regulatory freedom in Hong Kong still needs to be increased. When it comes to the prospects of the industry, Zhao Changpeng said that the encryption industry has survived the cold winter, the industry fundamentals are healthy, and technology and user awareness have become more mature. If global regulatory policies continue to loosen, the industry will usher in a greater outbreak.