Fourteen members of Hong Kong's Legislative Council C15 + met with Financial Secretary Paul Chan and other officials on the afternoon of February 6 to discuss the new budget. Among them, Legislative Council Member Ng Kit-chuang put forward a total of 22 proposals in five areas, including the development of the Web3 industry. In terms of Web3 industry support, Wu Jiezhuang proposed to continue the development direction of the 2023/24 Budget and put forward two key measures: one is to invest 50 million Hong Kong dollars to set up a seed fund, using a 1:1 ratio to support overseas well-known enterprises and large-scale industry activities to settle in Hong Kong; the other is to allocate additional funds 50 million Hong Kong dollars to set up an exclusive Web3 investment matching fund.