Hong Kong Web3 Weekly Highlights: National Committee Member Wu Jiezhang to Attend as Opening Guest at the "Global Web3 Developers Conference 2026"

Welcome to Techub News’s “Hong Kong Web3 Weekly Highlights.” In this issue, we will review major events and developments in Hong Kong’s Web3 sector from January 12 to January 18, along with the latest data insights and detailed event previews to help you quickly and comprehensively understand last week’s progress in Hong Kong’s Web3 field.

Hot Spot Highlights

Deloitte Hong Kong Managing Partner: More Web3 Companies Expected to List in Hong Kong

According to "Hong Kong Economic Journal,"吕志宏, Deloitte China’s Digital Assets Hong Kong Managing Partner, predicts that more Web3-related companies will choose to list in Hong Kong in the future.吕志宏 pointed out that virtual asset trading platforms require ongoing funding…

A 32-year-old man in Hong Kong suspected of falling to his death after losing about 10 million yuan in cryptocurrency investments

According to Hong Kong Wen Wei Po, a 32-year-old Hong Kong man is suspected of losing about 10 million yuan in cryptocurrency investments and died after falling at his residence upon returning to Hong Kong. The report mentioned that the man had previously experienced mental health issues due to unemployment pressure and needed regular medical treatment…

National Committee Member Wu Jiezhuang to Attend “Global Web3 Developers Conference 2026” as Opening Guest

Wu Jiezhuang, a member of the National Committee of the Chinese People’s Political Consultative Conference, a Hong Kong Legislative Council member, and head of the Hong Kong Web3 and Cryptocurrency Leadership Group, confirmed his attendance at the opening session of the “Global Web3 Developers Conference 2026” (GWDC). The event will be held from February 8 to 9 at Hong Kong Cyberport…

Delin Securities Approved by Hong Kong SFC to Upgrade to Class 4 Regulated Activity License, to Offer Virtual Asset Advisory Services

Hong Kong-listed Delin Holdings announced that its subsidiary, Delin Securities, has been approved by the Hong Kong Securities and Futures Commission (SFC) to upgrade to a Class 4 (advising on securities) regulated activity license, enabling it to provide virtual asset advisory services. Additionally, Delin Securities will complete a licensing process with the SFC platform…

Conflux Becomes “2026 GWDC Global Web3 Developers Conference” Platinum Sponsor

Conflux announced it will be a platinum sponsor of the “2026 GWDC Global Web3 Developers Conference.” Conflux is a high-performance Layer 1 blockchain designed for dApps requiring large-scale speed while maintaining decentralization. Its unique tree graph structure can confirm multiple blocks simultaneously, enabling parallel processing, significantly reducing confirmation times, and increasing transaction throughput…

Hong Kong Financial Secretary: Stablecoin Development to “Prioritize Stability Before Progress,” Gold Central Clearing System Expected to Operate Within the Year

According to Zhitong Finance, Hong Kong Financial Secretary Paul Chan Mo-po spoke at an event about digital and crypto assets. He stated that Hong Kong will further promote stablecoin development but emphasized “prioritizing stability before progress” to prevent illegal fund inflows…

Hong Kong Securities and Futures Commission Warns Public to Beware of Suspicious Investment Products Sold by Jin Feng Lai and AGA with AI Theme

The Hong Kong SFC issued a statement warning the public to beware of suspicious investment products themed around AI. The products involve high-frequency trading arrangements sold and promoted by Jin Feng Lai Limited (Jin Feng Lai) and Angel Guardian Alliance Technology Limited (AGA)…

Hong Kong Fintech Company WeLab Completes $220 Million Series D Funding, HSBC Leads Investment

According to Bloomberg, Hong Kong fintech company WeLab completed a $220 million Series D funding round, with HSBC leading the investment. Participants include Prudential Hong Kong, Fubon Bank, Hong Kong Investment Company, Allianz X, TOM Group (CK Hutchison), and others…

Cheng Ma-mou: Hong Kong Accelerates Building Gold Central Clearing System, Targeting Trial Operation Within the Year and Inviting Shanghai Gold Exchange to Participate

Hong Kong Financial Secretary Paul Chan Mo-po posted a blog stating that Hong Kong is accelerating the establishment of a gold central clearing system as an important financial infrastructure to enhance the reliability and efficiency of gold trading and physical delivery, reduce transaction costs, and increase liquidity. The goal is to initiate trial operations within 2026 and invite the Shanghai Gold Exchange to participate…

Industry Insights

2000 ETH as New Evidence of Corruption: The Yao Qian Case as a Warning that Virtual Currencies Are Not “Lawless”

On the evening of January 14, 2026, a TV documentary titled “Technology Empowers Anti-Corruption” brought a major corruption case characteristic of the digital age to the public eye. The documentary revealed that Yao Qian, former Director of the Science and Technology Supervision Department of the China Securities Regulatory Commission and former Director of the Digital Currency Research Institute of the People’s Bank of China, had key evidence of disciplinary violations locked on blockchain technology. Investigations showed that as early as 2018, Yao Qian accepted a request from cryptocurrency businessman Zhang to use his influence to “give a heads-up” to virtual currency exchanges, helping his company successfully issue tokens and raise 20,000 ETH. Later, through his trusted subordinate Jiang Guoqing, he secretly received 2,000 ETH as “digital remuneration.” Ironically, the investigation team later recovered a hardware wallet storing the bribe money from his office drawer.

Stop the Genius Act, Why Did Coinbase “Back Down” at the Last Minute?

On January 14, a bill aimed at regulating the US crypto market—the “CLARITY Act”—was scheduled for a key vote in the Senate Banking Committee. On the eve of this industry breakthrough, Coinbase founder and CEO Brian Armstrong announced that the company would fully withdraw support for the bill, citing that “a bad bill is worse than no bill.”

Global Top Influencer MrBeast Becomes a Big Name for Tom Lee

BitMine Immersion Technologies (BMNR), led by renowned Wall Street analyst Tom Lee, announced an investment in the global top influencer MrBeast (Mr. Beast) through its parent company Beast Industries. Meanwhile, Beast Industries mentioned in an official statement that the company will explore how to “integrate DeFi into the upcoming financial services platform.”

“PlayCloud” God Fleeing Overseas, Former Xunlei CEO Chen Lei’s 200 Million Corruption Mystery

January 15, 2026, Shenzhen.

A civil lawsuit was filed and registered in court, seeking to recover up to 200 million yuan. The defendant’s name sounds like a blast from the past—Chen Lei, the former CEO of Xunlei, who once caused Xunlei’s stock price to surge fivefold in a month, is now the protagonist of a “corruption scheme to siphon company funds.”

Allegedly embezzling tens of millions of company funds for crypto trading and arranging relatives to forge contracts within the company to siphon funds… In Xunlei’s account, Chen Lei is accused of “committing numerous crimes.”

Data Insights

Hong Kong Bitcoin & Ethereum Spot ETF Inflows and Outflows

According to ichaingo data, last week Hong Kong Bitcoin spot ETF had zero subscription and redemption volume, with a total ETF holding value of approximately $364 million, an increase of about $18 million; Ethereum spot ETF had a net redemption of 0.02 ETH, with a total ETF holding value of approximately $106 million, an increase of about $6 million.

Event Highlights

“2026 Asia Digital Asset Innovators Summit”

The “2026 Asia Digital Asset Innovators Summit,” hosted by Informa Markets, will be held in Hong Kong from January 22 to 23. DAIS focuses on the intersection of traditional finance and cryptocurrencies, gathering leading financial institutions, innovative infrastructure and technology providers, and influential policymakers to share insights, explore strategies, and address emerging challenges. From institutional adoption of digital assets to global stablecoin development competition and the evolution of tokenized real-world assets, this summit aims to build a bridge and co-create the blueprint for future financial systems.

“Ethereum Hong Kong Meetup”

The “Ethereum Hong Kong Meetup,” co-hosted by EthereumHKHub and SNZ Holdings, will be held in Hong Kong on January 24 from 14:00 to 18:00. The event aims to bring together builders, researchers, investors, and enthusiasts from Hong Kong’s growing Web3 ecosystem to connect with core Ethereum researchers, top project teams, and local builders.