Da Hongfei (@dahongfei): Hong Kong Chief Executive John Lee at Consensus today: "Under the unique 'one country, two systems' principle, Hong Kong is the only city that converg…

Hong Kong Chief Executive John Lee at Consensus today: "Under the unique 'one country, two systems' principle, Hong Kong is the only city that converges both the China advantage and the global advantage." This is exactly why we chose HK as Neo's operational center. A thread on why: 1/ SAR + 国内境外 HK's SAR status creates a unique jurisdictional sweet spot the Chinese call 国内境外 — "domestically foreign." It's legally part of China but operates under common law, its own currency, and independent regulatory frameworks. For a blockchain project with Chinese DNA but global ambitions, there is no better base. 2/ Regulatory Clarity While the US is still debating stablecoin yields in White House meetings, HK has already built a comprehensive licensing framework — VASP licenses for exchanges, stablecoin issuer licenses from HKMA coming within weeks, and clear SFC guidelines for virtual asset funds. Regulatory clarity is infrastructure. We build on infrastructure. 3/ Tax & Capital Efficiency HK's tax regime is hard to beat: no capital gains tax, no VAT, 16.5% corporate tax on HK-sourced income only, and a territorial system that doesn't tax offshore earnings. For a foundation managing global protocol development and treasury operations, this means capital stays productive instead of leaking to tax friction. 4/ China proximity And the China advantage is real. Shenzhen, or the Chinese Silicon Valley, is 15 minutes by train. Access to the world's deepest engineering talent pool, the Greater Bay Area's hardware supply chain, and a market of 1.4 billion people — all while operating in a jurisdiction where crypto is legal and regulated. No other city on earth offers this combination. The future of blockchain is not about choosing between East and West. It's about bridging them. Hong Kong is that bridge. Neo is building on it.