Hong Kong Web3 Weekly Highlights: Hong Kong and Shenzhen plan to jointly create the Hong Kong-Shenzhen Global Fintech Center, supporting the establishment of a green asset development platform based on Blockchain and other technologies.

Welcome to read Techub News's “Hong Kong Web3 Weekly Highlights.” In this week's report, we will summarize the major events and developments in the Hong Kong Web3 sector from November 17 to November 23, as well as the latest data insights and detailed event forecasts, helping you quickly and comprehensively understand the progress in Hong Kong's Web3 field over the past week.

Hot News Express

Wanfeng Insurance, a subsidiary of Yunfeng Financial, has launched investment options linked to the “virtual asset fund”.

According to Dongwang, Wan Tong Insurance under Yunfeng Financial announced the launch of an investment option linked to the “virtual asset fund” and has completed the review process with the relevant regulatory authorities…

Swiss cryptocurrency-friendly bank AMINA has obtained a Type 1 license from the Hong Kong SFC, allowing it to provide cryptocurrency trading and custody services.

Swiss cryptocurrency-friendly bank AMINA (Hong Kong) Limited has received an upgrade of its Type 1 license from the Hong Kong Securities and Futures Commission (SFC), becoming the first international banking group in Hong Kong to offer cryptocurrency spot trading and asset custody to professional investors…

A Web3 company BD and a former employee have been sued by a Hong Kong court for alleged rape.

According to a report by Hong Kong's Sing Tao Daily, two men holding two-way permits are suspected of raping a woman at a hotel in Mong Kok earlier this month. Both have been charged with one count of rape and appeared for the first time at the West Kowloon Magistrates' Court today…

HSBC will offer tokenized deposit services to customers in the United States and the UAE.

According to a report by Bloomberg, HSBC Holdings Plc will begin offering tokenized deposit services to corporate clients in the United States and the United Arab Emirates in the first half of next year. HSBC's tokenization services have already been launched in Hong Kong, Singapore, the UK, and Luxembourg…

LTP has obtained approval from the Hong Kong Securities and Futures Commission for the upgrade of License No. 1, enabling virtual asset VA deposit and withdrawal services.

LTP, a digital asset prime brokerage and fintech service provider, announced that its subsidiary Liquidity Tech Limited (LTP HK) has officially received confirmation from the Hong Kong Securities and Futures Commission to upgrade its Type 1 regulated activity (securities dealing) license. This upgrade signifies that LTP HK is now able to provide clients with licensed services for complete virtual asset deposits (VA-in) and withdrawals (VA-out)…

Xu Zhengyu: Plans to expand the scope of tax exemptions to include categories such as digital assets, with a bill to be submitted next year.

According to a report by 21 Economic Network, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, revealed in a recent interview that Hong Kong is continuously optimizing its tax exemption policies, planning to expand the current scope of tax exemptions from family offices and funds to private credit…

Hong Kong and Shenzhen plan to jointly establish the Hong Kong-Shenzhen Global Fintech Center, supporting the creation of a green asset development platform based on blockchain and other technologies.

According to the Hong Kong Economic Journal, the Hong Kong Financial Services and the Treasury Bureau and the Shenzhen Local Financial Supervision Administration jointly released the “Action Plan for Jointly Building a Hong Kong-Shenzhen Global Fintech Center (2025-2027)”. It points out that by the end of 2027, more than 20 cross-border data verification platform financial application scenarios between Shenzhen and Hong Kong will be established, promoting Shenzhen financial institutions to set up fintech subsidiaries in Hong Kong and driving continuous innovation in digital renminbi application scenarios…

Hong Kong listed company Bit Metaverse (08645) appointed Su Lin as CEO.

Hong Kong listed company Bit Metaverse has appointed Su Lin as CEO, fully responsible for the investment decision-making system of its wholly-owned subsidiary Global Innovation Capital. Within the Bit Metaverse system, Su Lin will lead the global investment direction of Global Innovation Capital. The institution is positioned as an “international bridge linking innovation and capital,” focusing on the overseas expansion, listing, mergers and acquisitions, and cross-border capital events of Chinese artificial intelligence companies…

Hong Kong Securities and Futures Commission: Beware of suspicious investment products Goldpay Token and Gold Receipt

The Hong Kong Securities and Futures Commission reminds the public to be wary of suspicious investment products named “Goldpay Token (GPT)” and “Gold Receipt (GR)”…

Hong Kong listed company International Business Digital Technology plans to raise approximately HKD 99.72 million through a rights issue, with about 20% intended for the deployment of virtual asset service business.

According to Zhitong Finance, the Hong Kong-listed company International Business Digital Technology (01782.HK) announced its intention to place a maximum of 28 million placement shares through placement agents, with each share priced at HKD 3.60. The expected maximum net proceeds from the placement are HKD 99.72 million…

Hong Kong Stablecoin Review Tribunal member Lui Chi-hung: The regulatory framework for stablecoins has been standardized throughout the entire process, which will minimize risks to the greatest extent.

According to a report by Sina Finance, Lui Zhihong, a member of the Hong Kong Stablecoin Review Tribunal and the Web3 Development Group, stated in an interview that “review” is essentially a safeguard procedure for applicants and is part of the construction and improvement of the regulatory framework…

Xu Zhengyu: The Hong Kong Treasury and the Monetary Authority are jointly advancing the study on the applicability of current legislation to tokenized bonds.

The Secretary for Financial Services and the Treasury, Christopher Hui, delivered a speech at the FinTech Forward Symposium and the 2025 FinTech Awards Ceremony. Hui stated that the Hong Kong Treasury and the Hong Kong Monetary Authority are jointly advancing research on the applicability of current legislation to tokenized bonds…

Xu Zhengyu: Promoting the adoption of tokenization technology in Hong Kong's bond market, with relevant legal applicability research to be published in the first half of next year.

According to the Ming Pao, the Secretary for Financial Services and the Treasury, Christopher Hui, stated at a discussion forum that the authorities are working with the Hong Kong Monetary Authority to promote the study of the applicability of current laws to tokenized bonds, aiming to encourage the adoption of tokenization technology in Hong Kong's bond market…

Hong Kong Securities and Futures Commission: Lists “AmazingTech” in the warning list of suspicious virtual asset trading platforms.

According to the announcement from the Securities and Futures Commission (SFC) of Hong Kong, the public should be wary of a virtual asset trading platform named “AmazingTech”, which claims to be operating locally in Hong Kong…

Chan Mo-po: Hong Kong has become a safe haven for capital, with multiple international organizations planning to increase staffing in the city.

The Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated in a blog that due to the influence of geopolitical situations, global investors are reassessing the risks of their asset portfolios and adjusting investment strategies to diversify risks, making Hong Kong a safe haven for capital seeking refuge…

Industry Observation

The Hong Kong Securities and Futures Commission is cracking down on “layered money laundering”. How can RWA tokenization become the next answer for financial transparency?

According to a report by Zhitong Finance on November 17, the Hong Kong Securities and Futures Commission issued an urgent circular to licensed corporations and virtual asset trading platforms, urging them to remain highly vigilant regarding suspicious fund transfers that show signs of layered trading. The circular clearly states that the use of licensed institutions for complex layered trading to disguise illegal funds is on the rise. This regulatory dynamic reveals that the fight against money laundering is facing unprecedented challenges in the context of accelerated financial innovation.

However, within the crisis lies an opportunity. The burgeoning wave of real-world asset tokenization in the global financial sector, with its inherent transparency and traceability, is providing new solutions for building a safer and more trustworthy financial infrastructure. This article will start from the real challenges of layered money laundering, deeply analyze how RWA tokenization reshapes risk control logic from a technical foundation, and rationally discuss the gap that must be crossed for its transition from concept to large-scale application.

The Solana ETF adds a “new player,” but the influx of funds cannot prevent the decline in coin prices, and the wave of altcoin ETFs is still pending.

Despite the ongoing decline in the cryptocurrency market, with the market shrouded in panic, the development of the altcoin ETF market has not halted.

Yesterday, the 21Shares Solana ETF (ticker TSOL) was officially listed on the Chicago Board Options Exchange (CBOE) after being approved by the U.S. SEC. The fund supports cash or physical redemptions, with a management fee rate of 0.21%, and supports Solana in providing additional yields through staking. Its initial assets under management were $100 million, with a trading volume of $400,000 on its first day, and the net asset value has now risen to $104 million.

The technological foundation, application pitfalls, and future evolution of decentralized social networking.

The concept of decentralized social protocols (hereinafter referred to as Social Fi) is no longer new, but the products in this space are continuously undergoing iterations.

At the beginning of the year, Kaito made “attention” quantifiable and transferable for the first time, serving Web3 projects after incentivizing the acquisition of end users; then, the recent blockbuster application in the European and American crypto circles, FOMO, linked real trading behaviors on-chain with social relationships, allowing users to intuitively observe the connection between smart money's on-chain behavior and their social accounts, thereby triggering strong resonance and creating a “FOMO” effect.

Data Insights

Hong Kong Bitcoin & Ethereum Spot ETF Inflows and Outflows

According to ichaingo data statistics, the subscription and redemption volume of Bitcoin spot ETFs in Hong Kong last week was 0 units, with a total ETF holding value of approximately 312 million USD, a decrease in holding value of about 47 million USD; the subscription and redemption volume of Ethereum spot ETFs was 0 units, with a total ETF holding value of approximately 88.8 million USD, a decrease in holding value of about 15 million USD.

Event Information

ArbiMix Hong Kong

“ArbiMix Hong Kong” will be held on November 26 from 15:00 to 18:00 in Hong Kong, hosted by HackQuest. This offline event will bring together local developers, students, ecosystem projects, and community members. There will be exciting panel discussions introducing leading projects within the Arbitrum ecosystem, providing rich networking opportunities, and releasing exclusive information from the Asia-Pacific region.