Financial News
Written by: Xu Shihao
2021-06-16 22:18
Last update date: 2021-06-16 22:18
Recently, the virtual currency speculation has started. Chen Jiaqiang, the former director of the Bureau of Financial Affairs and the Treasury and Chairman of the WeLab Bank Board of Directors, attended a video interview at Hang Seng University and said that the transaction process using Bitcoin is complicated, the power consumption is high, and the transaction is inconvenient. The so-called "decentralization" is just talk on paper, but the emergence of virtual currency makes the market look forward to the emergence of new "electronic gold coins." Put forward the above point of view, giving people a feeling of "old pie" and not believing in new technology.
He personally believes that it is impossible for a "decentralized" financial system to happen. I believe that there must be a "centralized" system, usually the government or the central bank to stabilize the system. "If decentralized, when financial The market collapses, and one to rescue the market?” Because he does not agree with this concept.
When talking about the development of virtual banks, he said that everyone should not "deify" virtual banks. They are also a type of bank, but they will not use physical branches to provide services, and attract customers with lower asset thresholds, low fees and low costs.
Advise the government to sell properties at low prices
He said that the development of land "does not have to be done with government money." You can cooperate with private companies on the project, or you can consider issuing bonds on the project. "If the project has revenue, the debt can be repaid." He said that the land development in Hong Kong is good. Valuable, in favor of acquiring more land through reclamation and development of country parks.
As for how to solve the problem of young people getting in the car, he suggested that the government sell properties at low prices and prohibit short-term transfers, and isolate them from the private property market to meet housing needs and increase upstream opportunities.
When it comes to the development of the Greater Bay Area, he believes that the government "hard sells" young people to the Greater Bay Area as there is "no market." He believes that Hong Kong has a contribution to the Greater Bay Area. The most important thing is to do well, improve its own functions and integrate into development; The government should also guide Hong Kong companies to enter the Greater Bay Area so as to hire more young people to work in the Greater Bay Area.
Chen Jiaqiang