PANews reported on March 29 that, according to Hong Kong 01, Hong Kong Legislative Council member Ng Kit-chung and South Korean National Assembly members launched the "Hong Kong-South Korea Web3 Policy Promotion Alliance," focusing on areas such as digital asset regulation, stablecoin mechanisms, artificial intelligence development, blockchain infrastructure interconnection, and regulatory standards between the two places. This alliance is the first cross-regional non-governmental policy cooperation platform in Asia.