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According to Techub News, Ming Pao reported that Hong Kong-listed company Huaxing Capital (1911) announced that the board of directors, after careful consideration, decided to enter the Web3 and encryption asset fields while solidifying its existing business, and approved a budget of 100 million USD to be used for developing Web3 business and investing in encryption assets over the next two years. This marks its first step into the Web3 and encryption asset fields, aiming to respond to a series of positive policies introduced by the Hong Kong government in recent years to support the development of the Web3 and encryption asset industries, in order to lead the development of innovative technology.

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