Hong Kong's Financial Services and the Treasury Bureau announced the appointment and reappointment of 20 non-official members to the Task Force on Promoting Web3 Development for a two-year term starting 1 July 2025. The updated membership is positioned to support the Government’s work on Web3 and the digital asset ecosystem following the Policy Statement 2.0 on the Development of Digital Assets in Hong Kong. Established in July 2023 and chaired by the Financial Secretary, the Task Force provides recommendations on the sustainable and responsible development of Web3 in Hong Kong. Newly appointed non-official members include Cai Wensheng, Kwock Yin-lun, Marco Lim Jun-kit, Henry Ma Chi-to and Alessio Quaglini, alongside other non-official members from relevant market sectors; official members include senior government officials and the heads of the Hong Kong Monetary Authority, Securities and Futures Commission, Insurance Authority and Hong Kong Exchanges and Clearing Limited, as well as Invest Hong Kong and Hong Kong Cyberport.
Financial Services and the Treasury Bureau (Hong Kong) 2025-06-30
Hong Kong's Financial Services and the Treasury Bureau appoints and reappoints 20 non-official members to the Task Force on Promoting Web3 Development from July 2025
The Financial Services and the Treasury Bureau of Hong Kong has appointed and reappointed 20 non-official members to the Task Force on Promoting Web3 Development for a two-year term starting 1 July 2025. Chaired by the Financial Secretary, this Task Force aims to support the Government’s initiatives on Web3 and the digital asset ecosystem in line with Policy Statement 2.0. The membership includes industry leaders and senior officials from key financial and regulatory bodies.