Hong Kong on Course to Be Global Web3 Financial Hub: Swift Action on Five Critical Enablers is Essential

HONG KONG - Rezul -- Web3 Harbour (W3H) and PwC Hong Kong have unveiled the "Hong Kong Web3 Blueprint: Building a Web3 International Finance Hub". This report sets out how Hong Kong can cement its position as a global finance centre for Web3 and digital assets.

Developed through extensive research and consultations with 47 industry leaders, the Blueprint is a visionary roadmap that identifies actionable strategies and use cases that align with Hong Kong's policy objectives. It emphasises the need to take decisive action on five key enablers - Talent, Market Infrastructure, Standards, Regulation, and Funding & Economic Contribution - through a unified effort by government, business, and industry.

"With a strong regulatory foundation, accelerating adoption of AI, and the maturity of decentralised technologies - Hong Kong's window of opportunity has never been greater," said Syed Musheer Ahmed, from the Blueprint task force of 15 industry experts.

"Hong Kong is primed to become the world's premier Web3 financial hub," added Gary Liu, Chairman of Web3 Harbour. "Our Blueprint shows that, while the intrinsic digital capabilities of our region are robust, the pace of innovation and competition requires us to act now. By addressing talent shortages, market infrastructure gaps, access to funding, and regulatory uncertainties, Hong Kong has an opportunity to lead digital finance and Web3 adoption worldwide."

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Peter Brewin, W3H Advisory Committee Member and PwC Digital Assets Leader commented, "Our collaboration with Web3 Harbour has outlined a bold vision and actionable roadmap for Hong Kong's financial future powered by Web3 capabilities. By driving innovation specifically in areas like open finance, tokenised capital markets, and digital wealth management, Hong Kong has the opportunity to set the global standard and embrace open, decentralised systems to create a more accessible, efficient, and inclusive financial services industry."

"Hong Kong's trusted reputation, global connectivity, and massive asset base, combined with the benefits of Web3 technologies, position us to embed innovation directly into the architecture of our financial industry. We have all the pieces, now it's time to bring them together and lead the future of finance," added Jeffrey Tchui, Executive Director of Web3 Harbour.

The Hong Kong Web3 Blueprint is a call to action for public-private sector collaboration. It underscores that the fusion of an agile regulatory environment and proactive market reforms with the innovative energy of the private sector will be key to unlocking Hong Kong's full potential as a global financial hub. With the digital assets landscape evolving rapidly, the report advises that swift movements are necessary for Hong Kong to become the Web3 and digital finance supercentre for the next generation.

For further details, to request a copy of the report, or to arrange an interview, please contact:

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Lincoln Innes, Web3 Harbour
Tel: +852 6575 9979
Email: blueprint@web3harbour.org

Kathy Brewin, Web3 Harbour
Tel: +852 9289 3189
Email: kathy@web3harbour.org

Peter Craughwell, PwC
Tel: +852 2289 8696
Email: peter.pc.craughwell@hk.pwc.com

Mavis Fan, PwC
Tel: +852 2289 8497
Email: mavis.kp.fan@hk.pwc.com

—Ends—

About Web3 Harbour
Web3 Harbour is a member-driven industry organisation dedicated to championing the development of the decentralised internet and digital asset economy in Hong Kong. Through cross-sector collaboration activities and advocacy, it serves as a vital nexus for open innovation and accelerating the adoption of best practices within the rapidly evolving Web3 landscape. Learn more and download the Hong Kong Web3 Blueprint at: www.web3harbour.org.

About PwC
At PwC, we help clients build trust and reinvent their strategies to turn complexity into competitive advantage. With a network of more than 370,000 people across 149 countries, we empower organisations across audit, assurance, tax, legal, deals, and consulting services to embrace a digital future. Find out more at www.pwc.com.