[Zhao Changpeng: Hong Kong cannot just 'hold onto' HKEX; asset tokenization can unlock liquidity in small and medium markets] According to Hong Kong 01, Binance founder Zhao Changpeng stated in an interview that Hong Kong's "thinking is very progressive" and it can be regarded as China's top "sandbox" for digital currency experiments. It is highly suitable for financial innovation and the Web3 industry. However, if Hong Kong wants to maintain its leading position in Asian finance, it cannot rely solely on traditional thinking to "hold onto HKEX." It must explore financial innovation. He is particularly optimistic about the potential of RWA tokenization, believing that asset tokenization can break time zone and cross-border restrictions, thereby unlocking liquidity for small and medium market assets. Zhao Changpeng also noted that Hong Kong's regulatory freedom still needs improvement, stating, "Right now, it's either no regulation or overly strict regulation." Speaking about the industry's outlook, Zhao Changpeng remarked that the crypto industry has weathered the harshest "winter," and its fundamentals remain healthy. After eight years of development, decentralized exchanges have seen advancements in both technology and user awareness. If global regulatory policies continue to ease, the industry will experience even greater growth.