Hong Kong legislator Ng Kit Chuang has announced that the city is positioning itself as a global connector in the cryptocurrency market. Leveraging its common law system, free capital flow, and ties with mainland China, Hong Kong aims to bridge Eastern and Western markets, as well as traditional finance and crypto innovation. Ng emphasized the need for cross-regional regulatory coordination and predictability due to the integration of crypto, Web3, and traditional finance. Ng highlighted Hong Kong's strengths in common law, international financial systems, and capital markets, which complement mainland China's manufacturing, engineering, and young talent advantages. He anticipates that by 2026, Hong Kong will introduce regulations for custody and OTC trading, and explore easing restrictions on professional investor trading.