There is a trust institution involved in a $500 million fraud case, and mainland cryptocurrency tycoon Sun Yuchen believes that it is a problem with the Hong Kong system. The Chairman of the Legislative Council Subcommittee on Web3 and Virtual Asset Development, Wu Jiezhuang, stated that Hong Kong is actively attracting foreign investment, including mainland funds. However, in fact, many foreign friends have a very shallow understanding of the Hong Kong system, and even have many misunderstandings. They believe that this is a problem that needs to be addressed. The incident has an impact internationally, and the authorities must re-examine different regulatory systems as soon as possible to respond to society. Source URL: $500 million fraud case, Wu Jiezhuang urges to review regulatory system as soon as possible - Chen Zhenying calls on investors to carefully investigate company background | Star Island Headlines https://www. (stheadline.com)/politics/3443589/