Group 1 - The Hong Kong FinTech Summit highlighted significant advancements in cryptocurrency regulation, showcasing Hong Kong's leading position in the Web3 space through initiatives like the licensing regime for virtual asset trading platforms and the release of the "Hong Kong Digital Asset Development Policy Declaration 2.0" and "Stablecoin Regulations" [1] - Professor Wang Yang emphasized the need for a regulatory approach that empowers businesses rather than merely enforcing rules, advocating for a flexible and transparent regulatory framework to foster innovation and balance regulation with market vitality [1] Group 2 - New Fire Technology (1611.HK) reported substantial growth since its strategic shift to a "private banking-level digital asset custodian," with a significant increase in high-net-worth clients and an expected rise in asset management scale from $40 million to $500 million [2] - The launch of the new international business brand "Bitfire" aims to establish a global licensed trading matrix, drawing inspiration from the compliant exchange BitTrade in Japan, and will include various trading platforms such as Bitfire Exchanges and Bitfire Prime [2] Group 3 - The panel discussion on "Asset Tokenization" addressed core challenges such as transparency and legal integration, while the topic of "Institutional Liquidity and Future Exchange Forms" highlighted concerns over fragmented liquidity and opaque risk management, calling for collaborative efforts to build liquidity hubs [3] - Discussions on the integration of traditional capital with digital assets provided practical advice on areas like cognitive alignment, asset collaboration, and cross-jurisdictional compliance, emphasizing the importance of a secure framework for high-net-worth clients entering the crypto space [3]