The 2026 Hong Kong Web3 Festival highlights a pivotal shift from theoretical discussions to practical implementation of Web3 technologies. Key figures, including Financial Secretary Paul Chan, emphasized the transition from testing Web3's value to institutionalizing and structuring its application. Hong Kong aims to develop an operating system for the next-generation financial system, focusing on asset tokenization, which now includes a broader range of assets such as money, bonds, and real estate. This shift redefines financial structures, moving from centralized control to rule-driven asset flow. The festival also spotlighted the integration of artificial intelligence (AI) as economic agents within the financial system. Fan Wenzhong introduced the "Decentralized Agentic Economy" framework, where AI agents autonomously participate in trading, supported by blockchain and smart contracts. This evolution promises enhanced trading efficiency and market restructuring. Hong Kong's regulatory framework is advancing from policy statements to actionable implementation, integrating exchanges, custody, and derivatives into a unified system. This approach, coupled with a stable regulatory environment, positions Hong Kong as a leader in defining the future of financial systems, moving from industry competition to systemic competition.