Odaily News HashKey Exchange, the largest licensed virtual asset exchange in Hong Kong, and the Greater Bay Area Financiers Association held a high-end institutional summit in Central, Hong Kong, with the theme of "How Global Changes Affect the Allocation of Major Asset Classes". Many important guests, including Dr. Hong Wen, a member of the Legislative Council of Hong Kong, Dr. Xiao Feng, Chairman of HashKey Group, Wang Long, President of the Greater Bay Area Financiers Association, and Livio Weng, CEO of HashKey Exchange, attended and delivered speeches. Livio Weng said that Web3 and traditional finance have been clearly distinguished for a long time, but in fact, from our point of view, the relationship between the two is not a competitive relationship, but a complementary relationship. Web3 is a technical supplement to some extent, helping traditional finance to reduce the cost of transactions. In the future, Web3 and traditional finance can be better integrated, and everyone will concentrate their respective strengths to push the industry to a higher level. With the evolution of the global macro environment, HashKey Exchange has also made business breakthroughs in Hong Kong. The total transaction volume has exceeded HK$540 billion, and the assets of users have exceeded HK$5.5 billion. As of October 30, the total transaction volume of Omnibus's economy reached HK$3.9 billion, with a monthly growth rate of 58.3%. From the perspective of Hong Kong, Oriental capital represented by financial institutions is still in the stage of discussion and observation. In the future, the accelerated entry of capital in Hong Kong may bring new market growth. Livio added: "We are at a critical point, just like the water temperature has reached 99 degrees and is about to boil. We also hope to join hands with traditional financial companies to usher in the institutional era of Hong Kong Web3."