Hong Kong Financial Secretary Paul Chan: The Consensus Hong Kong Conference is expected to generate over HKD 300 million in economic benefits, encouraging Web3 to establish a presence in Hong Kong

CycleProphet · 2026-02-12T10:31:03+00:00

The Consensus conference will be held in Hong Kong on February 12, expected to attract 12,000 to 15,000 attendees, with 75% from overseas, bringing over HKD 300 million in economic benefits. Hong Kong's Web3 status is confirmed, and efforts are underway to advance stablecoin licensing and digital asset regulatory legislation.

CycleProphet

2026-02-12 10:31:03

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Deep Tide TechFlow News, February 12 — According to Hong Kong Economic Daily, Consensus is being held in Hong Kong for the second consecutive year. Deputy Secretary for Financial Services and the Treasury, Chen Hao-lian, stated that this year’s conference is expected to attract 12,000 to 15,000 attendees, with approximately 75% coming from outside Hong Kong, generating over HKD 300 million in direct economic benefits.

Chen Hao-lian pointed out that the consecutive two-year choice of Hong Kong for Consensus confirms Hong Kong’s leading position in Web3 within the Asia-Pacific region. Currently, Hong Kong has hundreds of Web3 companies operating and 11 licensed virtual asset trading platforms. The Hong Kong Monetary Authority is processing stablecoin license applications, with the first licenses expected to be issued within this quarter, and regulatory legislation proposals for digital asset service providers are planned to be submitted to the Legislative Council this summer.

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