In his keynote speech, he clarified his next phase of development: to conceal complex technology within simple interactions, abstracting matching, risk management, compliance, operations, and community capabilities into composable interfaces to serve ecosystem partners and traditional institutions. Ju.com stated that this means exchanges are more than just matching venues; they are also the focal points of TradFi and Web 3. The "Hong Kong Stock Liquidity Global Digital Summit," co-hosted by Ju.com and xBrokers, took place today at the Hopewell Hotel in Wan Chai, themed "New Liquidity, New Ecosystem, New Hong Kong." The summit attracted over 100 guests from regulators, listed companies, securities firms, research institutions, and the Web 3 ecosystem, focusing on topics such as Hong Kong stock liquidity, real-world asset (RWA) compliance, and cross-border settlement efficiency.

At the conference, Ju.com, leveraging its exchange ecosystem as a hub, partnered with its compliance infrastructure partner, xBrokers, to officially launch a universal solution featuring "custody, verifiability, and integration." Participants expressed the view that this approach, integrating real assets and on-chain credentials, licensed clearing and on-chain disclosure, and fiat and digital asset channels into a unified framework, is expected to bring greater accessibility and verifiability to the Hong Kong stock market.

Notably, Li Zhenqiang, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Legislative Council, made a surprise appearance, drawing enthusiastic applause from the audience. Li has long been committed to Hong Kong's economic and livelihood development, and has previously proposed the introduction of a "Hong Kong Subsidy" program to stimulate consumption and support small and medium-sized enterprises. His presence was seen as a sign of policy-level attention to innovative liquidity in the Hong Kong stock market and the integration of Web 3. Li Zhenqiang greeted the guests and expressed his eagerness to hear more perspectives. Attendees generally viewed this move as a positive signal of policy support for the integration of fintech and market innovation.

Ju.com is a key bridge between institutions and users, aiming to provide a stable connection channel for institutions and users under the premise of compliance.

The xBrokers system, a key technical focus of the summit, elaborated on its foundation of "1:1 physical stock custody + on-chain verification." Traditionally, stocks are held and cleared by licensed brokerages, with accounts and permissions complying with KYC/AML and local regulatory requirements. On-chain, auditable and traceable on-chain certificates are generated, corresponding one-to-one to the physical shares, and key status changes are recorded using standardized disclosure templates. To address system integration challenges, xBrokers demonstrated API connectivity with brokerage/clearing systems, as well as dual-channel routing for fiat and digital assets in a compliant environment. This approach aims to enable plug-and-play integration for traditional institutions and instant verification of on-chain applications.

At the application level, the solution primarily targets two scenarios: first, addressing capital market needs such as early-stage and secondary offerings, by reducing the cost of connecting institutions with qualified investors through whitelisting and process-based compliance support; second, addressing secondary circulation, by generating verifiable certificates for custodial shares and enhancing transparency and availability through standardized information disclosure. Regarding market concerns about reserve arrangements, xBrokers stated that their purpose is to improve liquidity and price stability in the secondary market by defining risk control parameters and disclosure mechanisms within a regulatory framework. The design does not constitute any investment advice or offer, and the platform prioritizes investor protection and risk isolation.

During the roundtable discussion, guests focused on the integration of Web 3, RWA, and AI. Hongjin Fang, Co-Chair of the Hong Kong Blockchain Association, noted that the combination of decentralized and multi-centralized mechanisms is becoming a key tool for enhancing cross-border liquidity of Hong Kong stocks. Aisin-Gioro Dongtao, founder of Great Health International, stated that listed companies urgently need to generate new value through on-chain financing and community interaction. Zhu Ye, Chairman of Shenzhen Science and Technology Business Investment Group, emphasized that payment and fintech infrastructure serve as bridges connecting traditional markets with Web 3. Dr. Cai Zhichuan, academic representative and President of the Asian Blockchain Society, added that the implementation of RWA requires a closed-loop structure within a compliance framework, not just technical experimentation. David, a board member of the Hong Kong Web 3 University, believes that educational and institutional collaboration will play a crucial role in promoting industry standardization and widespread adoption. Wenrong, from the medical beauty industry, noted that the integration of Web 3 and AI is bringing new user engagement methods to the healthcare and retail sectors. Ashley, Business Partnership Ambassador of Dayang Group, emphasized that the demand for transparency and compliance tools among cross-border enterprises will be a key driver of future ecosystem development.

Wang Wenhan, former Chairman of Hong Kong Stock Connect Securities, stated at the event, "Running water never stales, nor does a door hinge rot. Liquidity is the lifeblood of the market." He emphasized that the true value of on-chain asset management lies in the integration of custody, clearing, verification, and disclosure, forming a closed loop that can be overseen. Li Nonghe, President of the World Federation of Chinese Business Associations, noted, "Hong Kong possesses unique advantages in the RWA and Web 3 development process. The global network of Chinese businesses is Hong Kong's greatest asset."

For Web 3 users, price and connectivity are equally important. xBrokers explained that its index layer connects to multiple exchanges and oracles to align with real stock prices and enhance pricing transparency. It also plans standardized RWA tools and SDKs for developers to facilitate expansion within regulatory boundaries into scenarios such as staking, indexing, and risk management. Ju.com added that its global network and user service capabilities will bring real traffic and educational content to this infrastructure, lowering the barrier to entry for users to access real assets. The platform will also work with licensed institutions to improve investor protection and risk governance.

The conference and xBrokers also announced upcoming milestones: integrating with more brokerage APIs, expanding custody and audit nodes, optimizing cross-border settlement processes, and increasing the frequency and scope of disclosure. Organizers stated that all related work will be based on local regulatory requirements and transparency principles. The conference's methodologies and case studies will be incorporated into ecosystem-focused research and development materials, continuously updated through official channels, to further integrate traditional capital markets with the Web world.