David - Cryptocurrency Enthusiast
With G-Rocket, Honk Kong hopes to entice 1000 Web3 startups to the city-state to focus on cryptocurrency investment and trading as well as crypto storage and the safekeeping of crypto assets and coin holdings.
The political clout of Kit-Chong, a co-founder of G-Rocket, will support this project as he has a lot of sway in Hong Kong's corporate community as a politician and engineer, with ownership stakes in roughly 40 businesses across a wide range of industries.
This is a component of Hong Kong's government's efforts to dominate the cryptocurrency market investment and compete with Singapore, its Asian equivalent.
Jeremy Ng Kit-Chong, a member of the Legislative Council of Hong Kong, co-founded a startup accelerator with the goal of luring 1000 Web3-based companies to the city over the following three years. We want to assist in bringing solid businesses and individuals back to Hong Kong in the aftermath of the epidemic.
One of these businesses is G-Rocket, a startup accelerator that he and Casper Wong co-founded in 2016. Wong is now the business's CEO. He recently spoke with the South China Morning Post in an interview on G-new Rocket's "Hong Kong Web 3.0 Hub" plan.
According to Wong, the primary goal of G-Rocket is to assist 100 Web3 entrepreneurs by expanding their businesses and focusing on cryptocurrency trading as well as crypto storage and the safekeeping of crypto assets and coin holdings. Over the following three years, this number will be raised to 1000 as part of the long-term strategy.
Wong made it clear that the company will work with the government-run incubator Cyberport, the online ZA Bank, and the dominant real estate developer New World Development to provide support for these cryptocurrency-related ventures. He anticipates that doing this will make it easier for Hong Kong-based companies to access commercial office space, banking and governmental services.
Since January 2022, Jonny Ng Kit-Chong has served as a legislator representing the legislative council's election committee constituency. Chong has disclosed his ownership stakes in roughly 40 businesses across a wide range of industries. He has a lot of sway in Hong Kong's corporate community as a politician and engineer, and his political clout will probably have a significant impact on realizing G-Rocket's goals of becoming a cryptocurrency powerhouse in Hong Kong.