团队

“It is not new that the party regulates everything, including private businesses and especially private financial businesses, as this had been … explicitly stated in China’s constitution,” says Zhiwu Chen, a finance professor and director of the Asia Global Institute at the University of Hong Kong. “But many private businessmen did not take this seriously. The recent Ant episode was a wake-up call.”

It has not taken long for the wheels to come off the Belt and Road Initiative. As recently as May 2017, China’s leader Xi Jinping stood in Beijing before a hall of nearly 30 heads of state and delegates from over 130 countries and proclaimed “a project of the century”.

12月5日—7日，凤凰网财经峰会在北京举行，据悉本次峰会以“破局与新生”为主题，梁振英、尚福林、殷勇、李扬、宋志平等多位政商学界嘉宾出席。 香港大学亚洲环球研究所所长陈志武在峰会上表示，在新冠病毒危机发生以后，富人的财富今年增长很多，而穷人今年财富没有任何增长。

最近幾年，香港的銀行黃金儲藏箱嚴重短缺。無論你跑到哪家銀行說想租保險箱保存金條，銀行都會告訴你保險箱早就被租完了。為什麼會這樣呢？大家知道，投資實物黃金，讓人頭痛的是要找個安全的地方把它藏起來，不能磨損，也不能被人偷。那要放在哪裡呢？如果量少，可以放在家裡鎖起來；如果量大，到銀行租保險箱是方法之一。但是，如果銀行保險箱也沒有了，那該怎麼辦呢？

美國這些年每年都有財政赤字，政府入不敷出，而且到2016年底，聯邦政府負債餘額為22.8兆美元，是美國GDP的一倍多。可是，從雷根、老布希、小布希到川普，只要是共和黨的人，從總統選舉期到實際成為總統後，都聲稱要減稅，而且他們當上總統後真的經常減稅，而不是增稅以減少政府負債。這到底是怎麼回事？政府已經很窮了，居然還要減稅，這到底是因為他們不負責任，還是背後有站得住腳的邏輯支撐？

期貨圈令人悲傷的新聞不少，而股票投資圈似乎較少見這樣的新聞，這難道是因為期貨的風險比股票更大嗎？背後的原因到底是什麼呢？

近期，欧洲及美国的第二波新冠肺炎的疫情来势凶猛。有经济学家预计，欧元区的经济将在今年四季度萎缩2.3%，复苏或因第二波疫情而夭折，而后陷入长期的低迷；更有金融机构分析称，过早重新开放企业的复工复产是一场大赌博，在没有疫苗的情况之下，美国各州正在冒着新一波疫情的风险，有可能使经济进一步地陷入尾旋式下跌。

When Jack Ma last week chose to speak truth to power about the failings of China’s financial system, he was aiming very high — perhaps too high. The founder of ecommerce business Alibaba, already China’s wealthiest man, was set to become substantially richer when his online finance spin-off Ant Group debuted on the Hong Kong and Shanghai stock exchanges on Thursday. At $37bn, it was going to be the world’s largest ever initial public offering.

Professor Zhiwu Chen, Director of Asia Global Institute & Victor and William Fung Professor in Economics, was interviewed by Financial Times about the long term impact of COVID-19 pandemic.