Welcome to read Techub News's "Weekly Highlights of Hong Kong Web3." In this week's report, we will summarize the significant events and developments in the Hong Kong Web3 sector from December 8 to December 14, along with the latest data insights and detailed event previews, helping you quickly and comprehensively understand the progress in Hong Kong's Web3 field last week.
Hot News
HashKey Holdings announced that it will begin its public offering from December 9 to 12. HashKey plans to issue 240 million shares, with 10% available for public sale in Hong Kong, and the offering price ranging from HKD 5.95 to HKD 6.95, aiming to raise up to HKD 1.67 billion…
The Hong Kong Special Administrative Region government has launched a public consultation on implementing a cryptocurrency asset declaration framework and amendments related to the Common Reporting Standard. Financial Secretary Paul Chan stated, "To demonstrate Hong Kong's commitment to promoting international tax cooperation and combating cross-border tax evasion, we will fulfill our international obligations…"
Sei Partners with Xiaomi to Pre-install Cryptocurrency Wallet Applications for Global Users
Public blockchain Sei announced a partnership with Xiaomi Group, stating that new Xiaomi smartphones launched outside of mainland China and the United States will come pre-installed with next-generation cryptocurrency wallet and discovery applications, providing a one-stop entry for cryptocurrency assets to global users…
Hong Kong Securities Association and SFC Exchange Views on Virtual Assets and New Financial Products
Recently, the Hong Kong Securities and Futures Commission held a meeting focusing on exchanging views on the development and regulation of the virtual asset industry and new financial products. The meeting centered around the interpretation of the latest regulatory policies…
According to the Hong Kong Wen Wei Po, Cyberport launched the "Blockchain and Digital Asset Pilot Funding Program" in June this year, providing development funding support for high-impact, benchmark-potential blockchain and digital asset projects. Cyberport's Director of Blockchain and Digital Assets, Li Yizheng, stated that the initial phase received over 200 applications…
According to Forbes, Ant International, the global payment and digital fintech platform under Ant Group, is deeply applying artificial intelligence (AI) and blockchain in cross-border payment and risk management scenarios. The company has launched the Antom Copilot AI agent to support merchants in covering the entire lifecycle of payment management…
The Hong Kong Securities and Futures Commission publicly condemned EFG Bank AG for regulatory violations and internal control failures, imposing a fine of HKD 10.85 million…
According to the South China Morning Post, Ant International, HSBC, and Swift have successfully tested the use of international financial information standards for cross-border tokenized deposit transfers, marking the first case of using the Swift network and ISO 20022 message standard for cross-border tokenized deposit payments…
ChinaAMC HK Launches Asia's Largest Tokenized Money Market Fund on Solana
Katie He, Head of Products and Strategy at ChinaAMC HK, announced at the Solana Breakpoint conference the launch of Asia's first and largest tokenized money market fund, covering assets denominated in Hong Kong dollars (HKD), US dollars (USD), and Renminbi (RMB)…
The Hong Kong Monetary Authority has issued another risk warning, stating that a platform named "Hong Kong Yunbo Holdings / Yunbo Holdings 2.0" falsely claims to have relevant cooperation with the Hong Kong Monetary Authority, alleging that the authority provides on-chain stablecoin frameworks, cross-border clearing models, and builds financial-grade node security systems for the platform…
The Hong Kong Financial Development Council released a conceptual report titled "Navigating Hong Kong's Capital Markets: Super Connectors - A Global Capital Hub in the Digital Age," proposing a strategic framework with clear timelines for various initiatives, providing a practical and executable implementation path to orderly expand tokenized assets…
Cryptocurrency Exchange Store in Mong Kok, Hong Kong, Robbed; Owner Injured but No Property Loss
According to Ming Pao, a robbery attempt occurred at a cryptocurrency exchange store in Mong Kok, Hong Kong. The 46-year-old owner was attacked by three men while closing the store. The owner sustained a finger injury during a struggle with the suspects and was subsequently sent to Kwong Wah Hospital for treatment…
Wu Jiezhuang expressed his thoughts on being re-elected as a member of the eighth Hong Kong Legislative Council, stating, "In the future, I will continue to promote the development of Hong Kong's Web3 in the legislature and assist the Hong Kong SAR government in developing cutting-edge future industries such as embodied intelligence, quantum computing, and space technology, establishing Hong Kong's unique position as an international innovation and technology center as assigned by the country."…
Chan Mo-po: Public Consultation for the New Fiscal Budget Will Soon Begin
Hong Kong's Financial Secretary Chan Mo-po stated in a blog that "the public consultation for the new fiscal budget will soon begin, focusing on how to further expand the dimensions and areas of economic development and accelerate the cultivation and application of innovative technology…"
Industry Insights
In-Depth Analysis of HK's First Cryptocurrency Stock: The First to Take the Plunge
On December 1, 2025, Hong Kong licensed digital asset trading platform HashKey passed the Hong Kong Stock Exchange hearing and disclosed post-hearing information, just one step away from becoming "Hong Kong's first compliant cryptocurrency stock." This IPO is co-sponsored by JPMorgan, Cathay Securities, and Guotai Junan International. Its prospectus not only showcases the growth trajectory of regional cryptocurrency platforms but also reflects the profound changes in the global cryptocurrency asset market—from wild growth to compliance competition, from retail dominance to institutional entry, the industry stands at a new crossroads.
As the first cryptocurrency trading platform in Asia holding a full license from the Hong Kong SFC, HashKey's business data, financial performance, and equity structure are important samples for interpreting the current cryptocurrency market. This article will analyze the core information from the prospectus, dissect macro characteristics of the market, predict future industry trends, and reveal the hidden opportunities and risks behind it.
Hong Kong Pilot Program Sparks Heated Discussion: How Can RWA Transform from Concept to Real Assets?
The results of the "Blockchain and Digital Asset Pilot Funding Program" launched by Cyberport in Hong Kong are beginning to show, with its unexpectedly positive market response quickly becoming a hot topic in the global RWA (Real World Assets) tokenization field. According to Zhitong Finance's report on December 10, the initial phase of the program received over 200 applications, with 9 companies ultimately selected, and nearly half of the projects have entered the implementation stage, involving asset scales exceeding HKD 120 million. This dynamic not only demonstrates the market's innovative vitality but also signifies that Hong Kong is attempting to solve the global dilemma of "grand blueprints, difficult implementations" in the RWA field through a pragmatic approach—using funding to guide scenario pilots and accelerating the closed loop through ecosystem aggregation. As major global financial centers compete for new digital asset tracks, this initiative positions Hong Kong as a key experimental field in the deep integration of blockchain and traditional finance.
CARF: The Next Step in Hong Kong's Cryptocurrency Asset Regulation
On December 9, 2025, the Hong Kong government announced through the government gazette that authorities are conducting a public consultation on the implementation of the Crypto-Asset Reporting Framework (CARF) and amendments related to the Common Reporting Standard (CRS). The goal is to automatically exchange tax information related to cryptocurrency transactions with relevant partner tax jurisdictions starting in 2028, and to implement the revised version of the CRS rules from 2029. Although Hong Kong has not yet signed the CARF Multilateral Competent Authority Agreement (MCAA), it is actively determining a local implementation timeline. This arrangement reflects Hong Kong's balance between aligning with international systems and maintaining autonomous regulatory pace while ensuring market stability. Taking this public consultation as an opportunity, this article will briefly review the contents of the CARF framework, introduce Hong Kong's current tax information exchange system, outline the evolution of cryptocurrency asset regulation, and analyze the impact of implementing CARF on different market participants, aiming to provide useful references for industry practitioners or investors in compliance responses.
Do Kwon Sentenced to 15 Years in Prison, Crypto Prison Gang Welcomes Heavyweight Guest
On December 11, Eastern Time, the U.S. District Court for the Southern District of New York held a sentencing hearing for Do Kwon, co-founder of Terraform Labs, in Court 1305. During the hearing, Judge Paul Engelmayer announced a sentence of 15 years in prison for Do Kwon.
Do Kwon has become another well-known figure in the industry to receive a heavy sentence, following FTX founder Sam Bankman-Fried and Celsius Network founder Alex Mashinsky.
Data Insights
Hong Kong Bitcoin & Ethereum Spot ETF Inflows and Outflows
According to ichaingo data statistics, last week, Hong Kong's Bitcoin spot ETF had a net subscription of approximately 46.59 units, with a total ETF holding value of about USD 354 million, an increase of approximately USD 4 million in holding value; the Ethereum spot ETF had a subscription and redemption volume of 0 units, with a total ETF holding value of about USD 105 million, an increase of approximately USD 3 million in holding value.
Event Information
"2026 Frontier Insights: New Landscape of Asset Management in the AI Financial Era"
"2026 Frontier Insights: New Landscape of Asset Management in the AI Financial Era" will be held on December 17 from 18:30 to 22:00 in Hong Kong, hosted by ME. The event aims to explore how to leverage Reinforcement Learning (RL) and Model Context Protocol (MCP) to empower a new generation of digital asset managers, shifting from passive responses to market fluctuations to actively harnessing on-chain Alpha.
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