PANews reported on November 20 that according to Cointelegraph, Hong Kong Cyberport is a business center owned and operated by the Hong Kong government. It has added more than 120 companies in 16 months and currently has more than 270 blockchain technology-related companies. The founders of these more than 270 companies come from more than 20 countries and regions, including Japan, South Korea, the United States, Canada, Germany, the United Kingdom and India in addition to Hong Kong and the Mainland.

According to the Legislative Council report, Cyberport Web3 companies have begun to apply blockchain technology to real-world applications, including smart living, digital entertainment, financial technology, and network and data security. In addition, Cyberport is actively recruiting companies specializing in blockchain security, asset custody, and crypto wallets to promote cooperation between various Web3 companies within its network.