The following is the video speech by Chief Executive Li Jiachao at the Innovation Technology and Art Development Summit Forum 2023 today (August 15th): President Yang Yong (President of Bauhinia Magazine), distinguished guests, and friends: Hello everyone. I am delighted to participate in the Innovation Technology and Art Development Summit Forum organized by Bauhinia Magazine through video. The theme of this forum is "Web 3.0 Return: Building a Golden New Starting Point", closely following the direction of Hong Kong's development of innovative technology, culture and art, and other new growth points under the 14th Five Year Plan. Hong Kong is proudly embarking on a new journey of governance and prosperity. This forum brings together experts from different industries to provide suggestions for Hong Kong's high-quality development, which is at the right time. I thank Bauhinia Magazine for hosting this forum and wish it a complete success. Web 3.0 is a new development direction for the Internet, integrating technologies that have gained widespread attention in recent years, and has the potential to become a trend driving the future development of finance and commerce. The SAR government attaches great importance to the development of fintech and Web 3.0, and has issued a policy declaration clearly stating that Hong Kong holds an open and inclusive attitude towards innovators engaged in virtual asset business worldwide. The government will cooperate with financial regulatory agencies to create a favorable environment and promote the sustainable and responsible development of Hong Kong's financial industry. In June of this year, we have implemented a new licensing system for virtual asset trading platforms and are fully exploring regulatory arrangements for stable currencies. The government also closely monitors international development to ensure the stability of Hong Kong's regulatory requirements and facilitate market development. Hong Kong is making every effort to develop into an international innovation and technology center and a center for cultural and artistic exchanges between China and foreign countries. Art technology is a new development direction that connects culture and art with innovative technology. In order to actively promote and support the development of art and technology, the SAR government encourages the cultural and artistic community to apply technology in appropriate projects through various funds and plans, promoting the development of art and technology. The approved funding has exceeded 100 million yuan, benefiting a total of 324 art and innovation related organizations and personnel. At the same time, the SAR government continuously improves the facilities of performance venues to cooperate with the development and application of art technology. The new East Kowloon Cultural Center is expected to open in stages from the end of this year to the beginning of next year. The East Kowloon Cultural Center will be equipped with innovative equipment and a special art and technology testing ground will be established to promote the development of art and technology. In addition, the School of Art and Technology at the East Kowloon Cultural Center will provide systematic training and produce different types of art and technology projects to promote exchanges and cooperation between artists and technology professionals, inject new impetus into performing arts, and become a base for accelerating the integration of "art+technology". The government will continue to support the integration of art and innovative technology, and also encourage artists and art troupes to make good use of technology to conceive, create, and present unprecedented artistic expressions, bringing more updated artistic experiences to the audience. I encourage leaders from different industries present to continue promoting and exploring the application of innovative technology in various fields, bringing new momentum to high-quality development with technology, and opening a new chapter with innovation as the new development pattern. Finally, I wish everyone present good health and smooth work. Thank you all. (New News Agency)