Wu Jiezhuang: Virtual banks should increase diversified services, and Hong Kong should establish virtual asset banks as soon as possible.

Hong Kong Legislative Council member Wu Jiezhuang posted on social media: 'The Hong Kong Monetary Authority recently released a report on virtual banks. I appreciate the Hong Kong SAR government's support for the upgrading of banking services and the development of virtual banks in the past few years. However, my team conducted an investigation on the opinions of Web3 companies on Hong Kong banking services, which showed that Web3 companies encountered difficulties in opening accounts, resulting in the inability to effectively develop their business. Therefore, at today's press conference, I proposed: 1. Virtual banks should increase diversified services and develop in a complementary manner with traditional banks. 2. Hong Kong should quickly establish a virtual asset / digital asset bank or upgrade virtual banks to be able to manage virtual assets in order to cooperate with the SAR government's Web3 development. 3. Hong Kong should accelerate the development of the Web3 ecosystem. At present, virtual asset policies have become the focus of global government discussions. We should strive to become the Web3 center of Hong Kong and promote the development of the entire chain and ecosystem as soon as possible.'