Forest, co-founder of Foresight Ventures: Hong Kong will once again play the role of a global financial center and port in Web3

Mars Finance reported that at the Web3 Industry Development Series "Web3 Connect: Hong Kong and the World" conference hosted by Hong Kong Cyberport, Forest Bai, co-founder of Foresight Ventures and chairman of The Block, delivered a keynote speech entitled "Exploring the Challenges and Opportunities of Building a Global Web3 Supply Chain Network in Hong Kong: From the Perspective of Foresight", and said that Web3 is actually more international than traditional industries. Hong Kong has the tradition of being a global financial center and an important port. Its Web3 field includes the world's top universities, support from entrepreneurial spaces, strong funding for local companies, an open and transparent regulatory environment, talent and supply chain reserves from the mainland, and visa and transportation conveniences that facilitate exchanges among global practitioners. This is a strategic position for Hong Kong to develop Web3. But on the other hand, the foundation of local Web3 companies is weak, which is an accumulated problem that can be compensated by rapid development.