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Duncan Chiu

邱達根

Member of the Legislative Council (Technology and Innovation)

Hong KongLawmaker

About

Duncan Chiu is a Hong Kong legislator and technology investor. He holds a Bachelor of Science in Business Administration from Pepperdine University. He has served as President of the Hong Kong Information Technology Joint Council, as convenor of the start-up think tank Innovate for Future, and as chairman of Lai Yuen Company Limited.

He represents the Technology and Innovation functional constituency in the Legislative Council. He served in the seventh LegCo and was re-elected in December 2025, winning 65 of the 71 votes cast. For the 2026 session he chairs the LegCo Panel on Information Technology and Broadcasting. He is also a non-official member of the Government's Task Force on Promoting Web3 Development.

He sat on the seventh LegCo's Subcommittee on Issues Relating to the Development of Web3 and Virtual Assets. He has argued that tokens should be regulated by function: some like securities, others, such as memecoins, left unregulated. He named OTC trading and custody rules as the next priorities. In June 2024 he called some licensing requirements for Web3 firms excessively stringent. In September 2026 he proposed that the SFC set up a dedicated digital asset division, with the aim of making Hong Kong an international digital asset hub by 2032.

Policy engagement

Was a member of the previous LegCo's web3 and virtual assets subcommittee. At Consensus Hong Kong 2025 called for distinct treatment of cryptocurrencies, stablecoins and memecoins, and named OTC and custodian rules as the next legislative priorities.

Source: CoinDesk, 10 Feb 2025: Duncan Chiu at Consensus Hong Kong

Key actions

  1. At the Shanghai blockchain summit, said the new licensing bill for virtual asset dealing, custody and related services should go to LegCo in the second half of 2026, with passage expected around the end of 2026 or early 2027.

    Source

  2. Published a policy proposal for a dedicated SFC digital asset division and for Hong Kong to become an international digital asset hub by 2032.

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  3. Listed as a non-official member of the Government's Task Force on Promoting Web3 Development in the membership published on 31 July 2026.

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  4. At Consensus Hong Kong 2025, argued for regulating tokens by function and named OTC trading and custody rules as LegCo's next priorities.

    Source

  5. Said some licensing requirements for Web3 firms were excessively stringent after major exchanges withdrew their Hong Kong applications.

    Source

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