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Weekly exclusive selection | Global concern about the central bank's digital currency, what is Hong Kong's financial preparations for?

2022-01-16T23:12:14.180Z


Thinking back to the 2008 Beijing Olympics, Apple had not released its first smartphone, Bitcoin remained in Satoshi Nakamoto’s cryptography paper, and the mainstream payment method in the mainland was still cash. in the blink of an eye,


Thinking back to the 2008 Beijing Olympics, Apple had not released its first smartphone, Bitcoin remained in Satoshi Nakamoto’s cryptography paper, and the mainstream payment method in the mainland was still cash.

In the blink of an eye, at the upcoming Beijing Winter Olympics, the digital renminbi will provide applications and pilots to the world.

At that time, at the Beijing Winter Olympics, Olympians and spectators from all over the world will be able to simply complete shopping with gloves, mobile phones, wearing bracelets or a small card.

The country's research and development of digital renminbi is not only for consumption and payment.

The central bank digital currency represented by the digital renminbi (commonly known as "central bank digital currency" in Hong Kong, Central Bank Digital Currency, CBDC) is an issue that the world's monetary authorities are keenly concerned about.

According to the latest research by the Bank for International Settlements (BIS), 86% of the world's central banks are conducting CBDC research.

Related reports:

The central bank's digital currency has become the focus of the Winter Olympics. How does Hong Kong's finance prepare for the technological revolution?

One Coin with N Sides: Perspective on the Innovation of Central Bank's Digital Currency from the Changes and Changes of Currency Development

Retail CBDC: National digital public goods lead the world Hong Kong is still on paper

Wholesale CBDC: Key to Hong Kong’s transformation into a digital financial center

On December 24, 2021, staff work in the Beijing Winter Olympics Village.

(Associated Press)

Pros and Cons of Restructuring the Policy Bureau

In October 2021, the Chief Executive, Carrie Lam Cheng Yuet-ngor, released the last "Policy Address" of this term, in which he put forward the preliminary idea of ​​reorganizing the government policy bureau, and predicted that he would consult various sectors and stakeholders in the next few months to formulate a policy. A detailed reorganization plan is "for the next government to consider and implement." Therefore, it is hoped that relevant matters will be discussed immediately after the formation of the new Legislative Council.

As of last Wednesday (January 12), the first session of the new Legislative Council held a Q&A session with the Chief Executive. As promised, Carrie Lam issued a document proposing a plan for the reorganization of the government structure. The Transport and Housing Bureau was split into the Transport and Logistics Bureau and the Housing Bureau, the Innovation and Technology Bureau was renamed the Innovation, Technology and Industry Bureau, the Food and Health Bureau was reorganized into the Medical and Health Bureau, the Environment Bureau was expanded into the Environment and Ecology Bureau, etc...

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Since the return, government departments have been restructured several times.

(file picture)

Vaccine bubble expands, government must ensure smooth implementation

At the beginning of this month, Chief Executive Carrie Lam Cheng Yuet-ngor announced that she would further increase the vaccination rate of the new crown in order to overcome the epidemic, allow citizens to return to their original lives, and create favorable conditions for customs clearance. Therefore, the "vaccine bubble" will be expanded on the 24th of next month.

As the Omicron variant virus spreads in Hong Kong, the government announced last week that it will advance the expansion date: on the 4th of next month, that is, the fourth day of the Lunar New Year, if there is no major change in the epidemic situation, the listed premises will be relaxed on the basis of the "vaccine bubble". First implemented in restaurants.

The experience of fighting the epidemic in the past two years has taught us that every new measure is always blocked, especially when it comes to apps.

The "vaccine bubble" is about to expand, and many problems have been foreseen by the private sector and the business community, which need to be resolved by the government.

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The government announced the expansion of the "vaccine bubble". The public must have at least one injection before they are allowed to enter hotels, restaurants, government venues and listed premises.

(file picture)

Hong Kong society has a problem behind the shocking change of "Tong Le Ju" to "Child Abuse House"

At the end of December last year, the “Tong Le Ju”, a residential institution for young children under the Hong Kong Society for the Protection of Children, broke the scandal of abusing nearly 30 children by several employees. The police set up a special team to examine a total of 46,000 hours of CCTV footage. On January 16), 16 persons involved in the case have been arrested and charged with one count of abuse or neglect of a child or juvenile in their custody.

This is the third serious child abuse case that shocked the society in recent years. In 2018, a 5-year-old girl was tortured to death by her father and stepmother for a long time.

But when tragedy recurs, society can’t have sympathy without reflection—why do the caregivers who should protect children the most often become abusers who damage children physically and mentally?

What's wrong with our vigilance and education concept?

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Stern, the director-general of Save the Children Hong Kong, pointed out that the severe child abuse incidents reflected a major flaw in the organization's recruitment and training mechanism.

(Photo by Gong Jiasheng)

The first successful human xenotransplantation of pig heart transplantation can become a way out of the organ waiting list?

Following a human trial of a pig kidney transplant last September, a hospital in the United States last week transplanted a pig heart into a heart patient, the first successful xenotransplantation.

Why does xenotransplantation after years of failure progress?

Does this mean that patients who are waiting for organ transplants can have a new way out?

Why do animal rights groups think this technology is unethical?

David Bennett, a 57-year-old male patient in the United States, was hospitalized for more than a month with heart failure and was on an artificial ventilator.

The medical team in charge determined that he was too ill to receive a human heart transplant or use an artificial ventricular assist device.

This also means that his life is not long.

In the middle of last month, Bartley Griffith, director of heart transplants at the University of Maryland Medical Center, suggested to him: "We can't give you a human heart, you're not eligible, but maybe we can use an animal, a pig heart."

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With the advent of gene-editing technology, scientists are expected to overcome rejection and infection problems, making xenotransplantation feasible after years of failure.

The picture shows the medical team putting the gene-edited pig heart into a storage container before the transplant.

(University of Maryland School of Medicine)

Please pay attention to the 299th issue of "Hong Kong 01" e-weekly newsletter published on January 10, 2022.

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Source: hk1

All news articles on 2022-01-16

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