Hong Kong Financial Secretary Paul Chan Mo-po stated at Consensus 2026 Hong Kong today that the Web3 space is currently exhibiting three prominent trends. Chan pointed out that the first trend is RWA (Real-World Assets), with tokenization initiatives moving from proof-of-concept to practical deployment and being adopted by numerous institutions. The second trend is DeFi (Decentralized Finance), with traditional institutions now integrating DeFi mechanisms into their ownership structures. The third trend is the deep integration of AI and Crypto, with AI interacting with tokenized currencies and smart contracts to achieve automated trading and settlement. He also noted that Hong Kong is vigorously promoting Web3 development in response to these trends. In terms of regulation, Hong Kong continues to strengthen its digital asset regulatory framework; in terms of product innovation and development, Hong Kong will regulate the issuance of tokenized green bonds and build a vibrant digital asset ecosystem.