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Weekly exclusive selection|Interview with financial experts: Hong Kong dollar system is the core asset of national soft power

2022-05-29T23:14:06.406Z


"When I teach, I ask students what is "Made in Hong Kong" (Made in Hong Kong), and students will only answer what kind of dishes." Chairman of the Hong Kong Institute of International Finance, Advanced Finance Researcher of the Chinese University of Hong Kong (Shenzhen)


"When I teach, I ask students what is "Made in Hong Kong" (Made in Hong Kong), and students will only answer what kind of dishes." Chairman of the Hong Kong Institute of International Finance, Institute of Policy and Practice, Institute of Advanced Finance, Chinese University of Hong Kong (Shenzhen) Director Xiao Geng said with a smile, "The real "Made in Hong Kong" is the "Hong Kong Dollar", and the Hong Kong dollar is the real Hong Kong brand."



Xiao Geng's heartfelt praise for the Hong Kong dollar is based on his novel theory.

In traditional theory, there are three functions of money: valuation, transaction and reserve.

Xiao Geng, who has been observing the US dollar for a long time, concluded that the fourth function is the regulatory medium. "Hong Kong's currency and business system is internationally competitive and friendly, and it is also the core asset of the country's soft power." "Hong Kong 01" exclusive dialogue with Xiao Geng, from the new Understanding the relationship between the Hong Kong dollar and the country's financial development from a perspective opens up a new way for the internationalization of the RMB.

Series reports:

Dialogue with Xiao Geng, Chairman of the Hong Kong Institute of International Finance: The Hong Kong dollar system is the core asset of the country's soft power

Using the hinterland of the Bay Area to build a "special zone within a special zone"

Cross-border cooperation top-level design needs to "break the ice"

The offshore RMB product system is still "fragmented".

(file picture)

Department of Political Science comes to Hong Kong in 2022

Following the earlier news that the Department of Politics and Administration (Department of Political Science) of the Chinese University of Hong Kong, which has spanned half a century and just celebrated its 50th anniversary, will cease to exist after the reorganization, Lingnan University of Hong Kong announced last Wednesday (May 5). On March 25), it was also announced to all teachers and students that the Department of Politics would be renamed "Government and International Affairs".

Together with the Department of Public Policy and the Department of Asian and International Studies of City University of Hong Kong, it has been announced that they will be merged into "Public and International Affairs". At present, the political departments of three local institutions are forecast to face reorganization, merger or change in the new academic year. name.

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In response to factors such as changes in Hong Kong's political environment, curriculum development and admissions situation in recent years, the political departments of many local institutions are facing curriculum review and restructuring.

(file picture)

Will Beijing's epidemic follow the footsteps of Shanghai's closure?

This is the question that many Beijingers have faced in the past month amid the epidemic.

The joke that was circulated on the Internet a month ago, "The people of Shanghai are blocking and controlling medium-sized materials, and the people of Beijing are blocking and controlling the medium-level materials", which can probably sum up the psychological state of Beijingers.

Especially since Beijing has recently comprehensively upgraded its control, more and more people are concerned about whether Beijing will follow in the footsteps of Shanghai's closure of the city.

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From the perspective of the well-being of Beijing and the whole of China, it is definitely better to control the epidemic through normalized epidemic prevention than to control the epidemic through the closure of the city.

(Associated Press)

Biden's return to the Indo-Pacific is a clever move and the dark crossing between Chencang

As the Russian-Ukrainian war has grabbed U.S. diplomatic attention for nearly three months, the Biden administration has made frequent moves in the Indo-Pacific diplomatic field since this month, reaffirming that China remains the "most serious long-term challenge" in the eyes of the United States.

The "U.S.-ASEAN Special Summit" held at the White House from May 12 to 13 has a strong flavor of "joining friends to control China"; Biden's visit to South Korea and Japan from May 20 to 24 also announced that most of the Indo-Pacific The "Indo-Pacific Economic Framework" (IPEF) that major countries participated in, and held another US-Japan-India-Australia "Quad Security Dialogue" (Quad) summit after the establishment of the new Australian government, and Biden also adopted his third military The guard's "slip of the tongue" stirred Beijing's nerves again.

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On May 23, Tokyo, Japan, Biden, Kishida Fumio, and Modi attended the "Indo-Pacific Economic Framework" meeting. Leaders of other initial IPEF member countries also attended the meeting through video calls.

(Associated Press)

The concept of "filial piety under the stick" remains unchanged

Mandatory whistleblowing alone can create a safety net for children?

In recent years, there have been many appalling cases of child abuse in Hong Kong. The Legislative Council discussed and passed the "Fighting the Problem of Child Abuse in Hong Kong and Protecting the Rights of Children" proposed by Tian Beichen of the Real Policy Roundtable on Thursday (May 26), urging the SAR government to Submit as soon as possible the Bill on the Mandatory Reporting Mechanism for Child Abuse Cases, etc.

Several lawmakers urged the government to strengthen supervision on children's emotional health and industry training for child care workers.

However, in order to fully establish a safety net for children, it is still unavoidable to change the concept of "filial piety under the stick", and even legislate to ban corporal punishment and other issues.

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In 2021, there will be a total of 1367 reported cases of child abuse.

(Hong Kong 01 cartography)

DeepMind's "generalist" AI Gato is available to move towards human intelligence?

DeepMind, an artificial intelligence (AI) research company under tech giant Alphabet, launched a new AI model, Gato, in the middle of last month, which can perform nearly 600 tasks.

The academic community has reacted to this in two extremes. Some scholars believe that this heralds the realization of "Artificial General Intelligence" (AGI); but others believe that this is overhyped.

What is special about Gato compared to past AIs?

Is it AGI?

Is AI that matches the intelligence of enemies a castle in the air?

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Compared to other AIs that typically only perform a single task, Gato can perform more than 600 tasks.

The picture shows DeepMind's other AI AlphaGo beating South Korean Go player Lee Sedol (second from right in the front row).

(Getty Images)

Please pay attention to the 319th issue of "Hong Kong 01" e-Weekly Newsletter published on May 30, 2022.

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Source: hk1

All news articles on 2022-05-29

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