The Hyperchain’s founder, Mr. Shi Xingguo,\nbelieves that Hong Kong is more attractive to mainland China than\nother Asia-Pacific regions. He also stated that Hong Kong has always had a solid\nfoundation for financial business, but its initiative in virtual assets has\nbeen surpassed by other regions in recent years. Therefore, it is crucial for\nHong Kong to lead in virtual assets in the Asia-Pacific region and even\ninternationally, while maintaining long-term and consistent policies.<\/p>\n\n\n\n\n\n\n\n
In addition to policies, Hong Kong has\nplans to attract major upstream and downstream participants to settle in Hong\nKong, forming a relatively complete ecosystem. Hong Kong and mainland China can\ncomplement each other in many ways. Previously, many Web3 projects in mainland\nChina, including encrypted asset projects, were forced to develop overseas due\nto regulatory reasons, but they still rely heavily on domestic development\nresources and application development capabilities. If they were to operate in other\nareas, there would be distance issues, and they would need to quickly\nadapt to the policies, environment, and culture of other regions, but sometimes\nconflicts happened.<\/p>\n\n\n\n
Hong Kong itself is from Chinese\nculture, and also speak Chinese. Recently, there has been a view in the\nindustry that “are Chinese people becoming the Jews of\nWeb3,” which means that due to language communication issues, Chinese\nprojects may not be as competitive as overseas projects in English-speaking\nenvironments. However, this is not an issue in Hong Kong, where Chinese is also\na good communication medium. Therefore, it is relatively easy for mainland Web3\ncompanies to take advantage in talent and application development in Hong Kong.\nFrom this perspective, the Web3 market in mainland China can provide more real\nbusiness support for virtual asset applications in Hong Kong, and Hong Kong\u2019s\nvirtual asset-related policies can enable more real businesses in mainland\nChina to combine with virtual assets and reach a legal and compliant balance.\nMoreover, Hong Kong has financial flexibility that mainland China lacks, and\nHong Kong can leverage its own advantages while using mainland China’s\ndevelopment and application advantages. Therefore, in the overall picture, Hong\nKong is actually as competitive as Tokyo or even Singapore, so they hope that\nthis policy can truly promote the industry development for a long term. This is\nan opportunity that Web3 practitioners should take and pay special attention to.<\/p>\n\n\n\n
Shi Xingguo is a member of\nthe Blockchain Special Committee of the China Computer Federation,\nthe founder of Hyperchain, a senior practitioner and technical expert in the\ninternet and operating system industries, a winner of the National Science and\nTechnology Progress Award, the inventor of parallel\nblockchain technology, and the founder of Paralism. He has served as Vice\nPresident of the Red Flag Linux Company and Chief Internet Engineer of\nthe Institute of Software, Chinese Academy of Sciences. In 2016, he\nled the team from Chinese Academy of Sciences to establish Hyperchain\nInformation Technology Co., Ltd., which focuses on\nparallel blockchain technology and has made important breakthroughs.\nIts core technology has obtained patent authorization in 27 countries\nin China, the United States, and the European Union.<\/p>\n\n\n\n
Hyperchain is the most advanced parallel\nblockchain and the first parallel blockchain to receive patent authorization\ninternationally. Its core team comes from the Chinese Academy of\nSciences and is China’s earliest and most professional blockchain\ntechnology and product development team. Hyperchain’s groundbreaking parallel\nblockchain technology has overcome key technical bottlenecks in blockchain, such\nas performance, scalability, and capacity, and can comprehensively support\npublic chains, consortium chains, and private chains. It also has the ability\nto support backbone-level value transmission and storage on the internet, and\nis currently the only blockchain technology that can meet the\nrequirements of enterprise development and industrial transformation.\nAs the creator of the parallel blockchain technology system, Hyperchain\nTechnology is currently the only provider that can provide parallel blockchain\nproducts, consulting, customized solutions, and services internationally and\ndomestically.<\/p>\n","protected":false},"excerpt":{"rendered":"