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貨幣爭霸 花落誰家 (The race is on for the new world currency)
近年來,數碼貨幣在世界各地日常經濟活動中已擔當不可或缺的角色,例如中國內地的支付系統,就以微信和支付寶居主導地位,數以億計的消費者已習慣以電子錢包取代現金。臉書正籌備發行新加密幣Libra,標榜為與一籃子官方貨幣掛鈎的「穩定幣」(stablecoin)。在非洲,肯尼亞電訊公司Safaricom亦已推出手機支付程式M-Pesa。

湾区争雄重育才 融汇中西港占优
去年夏天笔者刚从洛杉矶移居到香港这座阔别多年的城市,就接到所属经管学院通知,因学生报名人数突然几近翻倍,需多教一门应用计量经济学的硕士课程。2019冠状病毒病疫情下,香港特区的大学还能增产扩容,实属难得。
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Watch, Read, Listen
The Challenges and Potential of Bank-Issued Stablecoins
Since the Hong Kong Monetary Authority, with the local banking system as its…
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The Challenges and Opportunities in the Post-COVID-19 Era
網上流傳這樣一條選擇題:「疫情過後,誰在主導你公司業務的數碼轉型?」答案並非行政總裁或技術總監,而是2019冠狀病毒。這個答案雖聽上去頗具玩笑意味,但卻甚具現實意義。
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The BRICS is finely poised
上星期金磚五國(BRICS)在南非開普敦召開了外長會議,期間各國代表均發出了較為強烈的訊息,重申世界是多極化的,不能由少數國家操縱,全球秩序應該進一步向發展中國家平衡,而金磚國家在這方面的努力是不可或缺的。近年來,金磚五國逐漸被視為代表發展中國家與G7工業國抗衡的對口,爭取全球經濟事務的話語權。去年中國主辦金磚首長級峰會時,建議接納新成員並探討有關程序。在上星期的會議中,便有其他國家的代表,分別在線上線下參與一些討論環節。金磚國家的數目增加,自然提高了發展中國家的代表性。
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The Branding of “Bidenomics”
美國6月份消費物價指數(CPI)按年升3%,遠低於預期,而除了和住房有關的價格外,其他物價指數都有明顯放緩跡象。租金因有租約限制而變動較慢,但估計增幅亦會逐漸向下。換句話說,困擾了美國經濟約兩年的通脹似乎已經受控。聯儲局大幅加息遏抑通脹,很多人預期會導致經濟下滑甚至衰退。然而,上周公布的美國第二季GDP仍有2.4%的年增長率,稍高於預期。再看看勞動力市場,6月份失業率為3.6%,過去一年多來都低於4%。這些宏觀數據均說明目前美國經濟表現良好,甚至被認為是數十年來最突出的年份之一。
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The Boom in AI Trade Underscores Hong Kong’s Role as a Global Hub
With the artificial intelligence (AI) wave still in full swing, demand for compute…
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The Asian financial crisis and the HK dollar
23年前的今天凌晨,彭定康登上「不列顛尼亞號」離開香港,標誌着百多年香港殖民統治的結束。這些年來,香港在歷史上沒有先例的「一國兩制」中摸索,期間經歷了各種不同考驗,還好仍然蹣跚前行。
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The Art of Pricing in the Digital Age
In 2023, the Belgian newspaper Dernière Heure revealed that the ride-hailing platform Uber…
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The Arrival of the Trump 2.0 Era
Donald Trump is set to return as President of the United States, ushering…
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When Algorithms Become Consumers: How the AI Agent Economy Is Reshaping the Consumer Industry
A Critical Moment for the Third Economic Transformation: Starting with the Four Pillar Industries
A Way out for Hong Kong’s Middle Class Facing the Kill Line
Navigating geopolitical risks: How U.S. firms adjust supply chains amid U.S.–China rivalry
The Determinants of ESG Ratings: Rater Ownership Matters
China’s Macroeconomic Shift: A Call for Firms to Go Global
Battery Swapping: A Golden Key to Electrifying Hong Kong’s Commercial Fleet
Hong Kong’s Next Growth: Pioneering the Web 3.0 Ecosystem
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