Daily BriefsThematic (Sector/Industry)

Daily Brief Thematic (Sector/Industry): Deep Dive on Hong Kong Macro-Economics: Embracing Web3.0 and more

In today’s briefing:

  • Deep Dive on Hong Kong Macro-Economics: Embracing Web3.0, Fintech, and Blockchain Technology
  • China TMT Update (Apr.26) – 3690HK/ 1024HK/NIO/LEGN:Douyin Launches Local Services Conference

Deep Dive on Hong Kong Macro-Economics: Embracing Web3.0, Fintech, and Blockchain Technology

By Jacob Cheng

  • HK has recently organized several large-scale and international events such as Global Leaders Summit, Bank for International Settlement (BIS) meeting and Web 3.0 Conference in Hong Kong
  • Government has unveiled policies and initiatives to push for development of Web 3.0, Fintech and Blockchain related Technology, including better regulatory framework, licensing regimes and more collaboration
  • HK has also set up a HKD30bn fund Hong Kong Investment Corp to fund HK companies.  These sectors offer tremendous opportunities and future of HK is exciting 

China TMT Update (Apr.26) – 3690HK/ 1024HK/NIO/LEGN:Douyin Launches Local Services Conference

By Shawn Yang

  • 3690HK / 1024HK:  Douyin launches local services partner conference (-)
  • NIO: Wait times for NIO ES7 shortened to 3 weeks (-)
  • LEGN:  Legend Bio announced positive Caltitude-4 data, raising private placement of US$200mn(/)

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