A Hong Kong delegate to China’s central political advisory body has suggested the country establish a Web3 financing platform across the southeastern Greater Bay Area, as Hong Kong continues its drive to become a regional crypto hub.

Johnny Ng, a member of the CPPCC National Committee, the country’s top political advisory body, has submitted a suggestion this week, proposing that the authorities may consider building a financing platform for the blockchain and digital assets industry across the Greater Bay Area connecting Hong Kong, Macao and Guangdong, according to local news outlet Wen Wei Po.

Ng said that the regulated crypto asset trading platforms in Hong Kong could play a key role in funding projects, according to the report.

Ng’s proposal came as thousands of delegates from …