Xu Zhengyu promotes Hong Kong's Web3 ecosystem in the Netherlands

Hong Kong's Financial Services and the Treasury Bureau Secretary, Christopher Hui, stated during a fireside chat at the Money 20/20 Europe conference that the Hong Kong Special Administrative Region (SAR) government has issued two batches of tokenized green bonds, leading the world in this area. The first batch was issued in February 2023, and was the world's first government-issued tokenized green bond. The second batch, a multi-currency bond (Hong Kong dollars, RMB, euros, and US dollars) worth a total of USD 770 million, was issued in early 2024, and was the world's first government-issued multi-currency green bond in digital native form.

During the fireside chat, Hui also encouraged fintech, digital asset, and Web3 companies to visit Hong Kong to gain first-hand knowledge of the thriving ecosystem and explore opportunities for win-win cooperation. During the Money20/20 Europe conference, Hui met with senior officials from the Netherlands Foreign Investment Agency and a venture capital firm. They shared experiences on building a sustainable Web3 ecosystem and explored opportunities for cooperation in promoting fintech.