Hong Kong Economic Times
“Chatchaval Jiaravanon: Hong Kong Can Leverage
Web3 Advantages to Attract Long-Term Capital”

Hong Kong, Hong Kong SAR– November 10, 2025 Chatchaval Jiaravanon, a member of Thailand’s Charoen Pokphand (CP) Group family, stated that Hong Kong holds advantages in combining finance, trade, and technology, and has real-world application scenarios for Web3 and DeFi (decentralized finance). By effectively utilizing innovative tools, Hong Kong has the potential to maintain its key role in global trade finance during the Web3 era.

 

In a recent exclusive interview, Jiaravanon, who has been actively involved in the Web3 industry chain in recent years, pointed out that Hong Kong, as an international financial center, boasts a transparent and internationally aligned legal and policy environment, with its government being open, pragmatic, efficient, and clean. Although Hong Kong's Web3 development pace is more cautious than Singapore and the United States, its approach, centered on compliance and institutional orientation, helps attract long-term capital and financial institutions.

 

Jiaravanon believes that Hong Kong has always been a regional trade and settlement hub, possessing a mature financial system and international trust. In the future, companies of all sizes can experiment with innovative solutions centered on DeFi, PayFi (payment finance), and Web3 infrastructure in Hong Kong, driving innovation in trade finance and capital flow models, and becoming a "compliant and capital-driven Web3 high ground," winning through quality and sustainability.

 

Three Aspects to Attract More Web3 Companies

However, he mentioned that while Hong Kong possesses a strong financial foundation and international capital channels, there are three aspects he suggested to enhance its competitiveness and attract more Web3 companies and funds:

1. A clear and predictable regulatory framework: providing clear standards for RWA (Real-World Assets, i.e., putting physical assets on the blockchain), stablecoins, custody, and cross-border clearing

2. Cross-border cryptocurrency payments and stablecoin channels: reducing capital conversion costs and promoting real-world trade applications

3. Talent and entrepreneurship support policies: introducing tax incentives, providing support through the Innovation and Technology Fund, and conducting joint pilot programs with Southeast Asian markets.

             

 

Key Points From Jiaravanon’s Comments

Web3 Development:

• Hong Kong possesses real-world application scenarios for Web3 and DeFi (Decentralized Finance).

• Hong Kong's Web3 development, centered on compliance and institutional orientation, helps attract long-term capital and financial institutions.

Stablecoins:

• Competition among stablecoin issuers in Hong Kong is fierce; no plans to apply for a license in Hong Kong at present.

• Application for a stablecoin license has already been submitted in Thailand.

 

Stablecoin is a core element of Web3. Jiaravanon believes that stablecoins have the potential to replace traditional settlement methods, significantly improving transaction speed and reducing costs. Many regions in Asia are also actively promoting stablecoin development. However, he believes that competition among stablecoin issuers in Hong Kong is fierce, and states that he currently has no plans to apply for a license there, but has already applied for a stablecoin license in Thailand.

 

Jiaravanon is optimistic about the application of stablecoins in RWA. Previously, the capital threshold for purchasing assets such as real estate was extremely high. Now, through RWA, assets can be fragmented and tokenized, lowering the investment threshold and allowing anyone to participate with small amounts of capital. At the same time, custody and guarantee mechanisms are established to protect investors' interests. Charoen Pokphand Group (CP Group) has historically focused on agriculture, food, and telecommunications. Chatchaval Jiaravanon is the son of CP Group’s Advisory Chairman Sumet Jiaravanon, and the family, with a net worth of 1.16 trillion Thai baht (approximately HK$277 billion), is projected to rank second on Forbes Thailand's Richest list in 2025.

 

Jiaravanon stated that he is seeking development opportunities in areas less frequently explored by CP Group, particularly in traditional finance, fintech, Web3, and stablecoins. He anticipates that as Web3 becomes more prevalent and companies relocate production lines to Southeast Asia, he aims to contribute to the development of traditional financial industries in the region and increase his investment in these areas.

 

Regarding his personal investments in Hong Kong, Jiaravanon has recently invested in two Hong Kong-listed companies through Mile Green and CMAG Funds managed by Wonder Capital: Pangaea Connectivity (1473.hk) and GEM-listed Zhi Sheng Group Holdings (8370.hk). Mile Green’s founder and executive chairman, Maverick Hui, pointed out that the two companies can provide technical support in data transmission, computing power and IoT technology, while the assets to be put on the blockchain in the future will mainly be investment projects in Southeast Asia, including real estate and battery swapping ecosystems for two-wheeled electric vehicles.

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Translated from the original article by Michael Ng

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