PANews reported on October 31 that HashKey Exchange, the largest licensed virtual asset exchange in Hong Kong, and the Greater Bay Area Financiers Association held a high-end institutional summit in Central, Hong Kong, with the theme of "How Global Changes Affect the Allocation of Major Asset Classes". Many important guests, including Dr. Hung Wen, member of the Hong Kong Legislative Council, Dr. Xiao Feng, Chairman of HashKey Group, Wang Long, President of the Greater Bay Area Financiers Association, and Livio Weng, CEO of HashKey Exchange, attended and delivered speeches.
Weng Xiaoqi pointed out that Web3 and traditional finance are not in competition, but complementary. Web3 can reduce the transaction costs of traditional finance to a certain extent, which will help promote higher-level industry integration. He also said that the support of US presidential candidates for Bitcoin is expected to accelerate the mainstreaming of Web3. With the changes in the macro environment, HashKey Exchange's total transaction volume in Hong Kong has exceeded HK$540 billion, and its asset management scale has reached HK$5.5 billion. Weng Xiaoqi said that Hong Kong is at the critical point of the Web3 institutional era, and hopes to work with traditional finance to promote the rapid development of Hong Kong's Web3.
