{"id":148943,"date":"2021-08-19T09:01:06","date_gmt":"2021-08-19T01:01:06","guid":{"rendered":"https:\/\/www.fbe.hku.hk\/?p=148943&post_type=thought-leadership&preview_id=148943"},"modified":"2021-08-19T09:54:38","modified_gmt":"2021-08-19T01:54:38","slug":"the-coming-of-central-bank-digital-currency-2","status":"publish","type":"thought-leadership","link":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/opinions-and-speeches\/the-coming-of-central-bank-digital-currency-2\/","title":{"rendered":"\u592e\u884c\u6570\u5b57\u8d27\u5e01\u65f6\u4ee3\u7684\u6765\u4e34"},"content":{"rendered":"

\u4e2d\u56fd\u662f\u5386\u53f2\u4e0a\u6700\u65e9\u4f7f\u7528\u7eb8\u5e01\u7684\u56fd\u5bb6\uff0c\u65e9\u5728\u5317\u5b8b\u65f6\u671f\u5df2\u6709\u79f0\u4e3a\u300c\u4ea4\u5b50\u300d\u7684\u7eb8\u5e01\u6d41\u901a\uff0c\u6bd4\u6b27\u6d32\u65e9\u4e86\u51e0\u767e\u5e74\u3002\u4e2d\u56fd\u4e5f\u5f88\u53ef\u80fd\u662f\u6700\u5148\u5e7f\u6cdb\u4f7f\u7528\u592e\u884c\u6570\u5b57\u8d27\u5e01\uff08central bank digital currency\uff0c\u7b80\u79f0CBDC\uff09\u7684\u56fd\u5bb6\u4e4b\u4e00\u3002\u4e2d\u56fd\u4eba\u6c11\u94f6\u884c\uff08\u7b80\u79f0\u4eba\u884c\uff09\u65e9\u57282014\u5e74\u5df2\u5f00\u59cb\u7814\u53d1\u6570\u5b57\u4eba\u6c11\u5e01\uff0c\u5e76\u57282020\u5e744\u6708\u5f00\u59cb\uff0c\u5206\u522b\u57284\u4e2a\u57ce\u5e02\u8fdb\u884c\u8bd5\u7528\uff0c\u5e74\u5e95\u53c8\u589e\u52a0\u4e866\u4e2a\u8bd5\u70b9\u5730\u533a \u3010\u6ce81\u3011<\/a>\u3002<\/p>\n

\u4eba\u884c\u5728\u4e0a\u6708\u53d1\u8868\u4e86\u300a\u4e2d\u56fd\u6570\u5b57\u4eba\u6c11\u5e01\u7684\u7814\u53d1\u8fdb\u5c55\u767d\u76ae\u4e66\u300b\uff0c\u662f\u5b98\u65b9\u5bf9\u6570\u5b57\u4eba\u6c11\u5e01\u5728\u8fc7\u53bb7\u5e74\u7684\u7814\u53d1\u3001\u63a8\u884c\u60c5\u51b5\u53ca\u524d\u666f\u7684\u7efc\u5408\u62a5\u544a\u3002\u6309\u767d\u76ae\u4e66\u6240\u8ff0\uff0c\u622a\u81f3\u672c\u5e746\u6708\u5e95\uff0c\u5185\u5730\u6c11\u4f17\u5df2\u5f00\u7acb2087\u4e07\u4e2a\u4eba\u94b1\u5305\uff0c\u8fdb\u884c\u4e86\u7ea67000\u4e07\u6b21\u4ea4\u6613\uff0c\u603b\u989d\u8fbe345\u4ebf\u5143\u4eba\u6c11\u5e01 \u3010\u6ce82\u3011<\/a>\u3002<\/p>\n

\u9664\u4e86\u4eba\u884c\uff0c\u5176\u4ed6\u592e\u884c\u5bf9\u63a8\u5e7fCBDC\u4e5f\u76f8\u5f53\u79ef\u6781\u3002\u56fd\u9645\u6e05\u7b97\u94f6\u884c\uff08Bank for International settlements\uff09\u5728\u53bb\u5e74\u5e95\u8c03\u67e5\u4e86\u5168\u740365\u5bb6\u592e\u884c\uff0c\u53d1\u73b0\u5176\u4e2d86%\u5df2\u5f00\u59cb\u7814\u7a76CBDC\uff0c60%\u4ea6\u5df2\u8fdb\u5165\u6d4b\u8bd5\u9636\u6bb5\u3002\u800c\u5df4\u54c8\u9a6c\u66f4\u5df2\u5728\u53bb\u5e7410\u6708\u63a8\u51fa\u4e86Sand Dollar\uff0c\u6210\u4e3a\u9996\u4e2a\u5168\u9762\u4f7f\u7528CBDC\u7684\u56fd\u5bb6\u3002\u5df4\u54c8\u9a6c\u7684\u56fd\u571f\u7531\u7ea6700\u4e2a\u6d77\u5c9b\u6784\u6210\uff0cCBDC\u5c06\u6709\u52a9\u5168\u56fd\u7684\u91d1\u878d\u8054\u7cfb\u548c\u91d1\u878d\u666e\u60e0\u3002<\/p>\n

\u4ea4\u6613\u6210\u672c\u5927\u964d<\/h5>\n

\u8d27\u5e01\u662f\u65b9\u4fbf\u7ecf\u6d4e\u6d3b\u52a8\u7684\u5de5\u5177\u3002\u968f\u7740\u6570\u5b57\u7ecf\u6d4e\u7684\u53d1\u5c55\uff0c\u6570\u5b57\u8d27\u5e01\u81ea\u7136\u5e94\u8fd0\u800c\u751f\u3002\u4f46\u8fd1\u5e74\u5404\u592e\u884c\u79ef\u6781\u7814\u53d1CBDC\uff0c\u4e3b\u8981\u662f\u53d7\u5e02\u573a\u4e0a\u7684\u7535\u5b50\u652f\u4ed8\u5e73\u53f0\u548c\u52a0\u5bc6\u8d27\u5e01\u7684\u53d1\u5c55\u63a8\u52a8\uff0c\u7279\u522b\u662f\u8138\u4e66\uff08Facebook\uff09\u5728\u4e24\u5e74\u524d\u5ba3\u5e03\u53d1\u884c\u52a0\u5bc6\u8d27\u5e01Libra\uff08\u73b0\u6539\u540d\u4e3aDiem\uff09\u7684\u8ba1\u5212\u3002\u8138\u4e66\u7528\u6237\u4f17\u591a\uff0c\u6bcf\u6708\u6d3b\u8dc3\u7528\u6237\u8fbe28\u4ebf\u4eba\uff0c\u5360\u5168\u7403\u4eba\u53e336%\uff0c\u662f\u4e2d\u56fd\u4eba\u53e3\u7684\u4e24\u500d\u3002\u82e5\u8138\u4e66\u7528\u6237\u5e7f\u6cdb\u5730\u63a5\u53d7\u53ca\u4f7f\u7528\u8138\u4e66\u7684\u52a0\u5bc6\u8d27\u5e01\uff0c\u81ea\u7136\u5bf9\u5404\u592e\u884c\u6784\u6210\u6311\u6218\u548c\u5a01\u80c1\u3002\u5404\u592e\u884c\u5728\u6253\u51fb\u975e\u6cd5\u6d3b\u52a8\u548c\u65bd\u884c\u8d27\u5e01\u653f\u7b56\u7684\u6548\u7387\u4ea6\u4f1a\u88ab\u5927\u5927\u63a3\u8098\u3002\u6b64\u5916\uff0c\u5728\u76ee\u524d\u4e2d\u897f\u7ade\u4e89\u6108\u8d8b\u6fc0\u70c8\u7684\u73af\u5883\u4e0b\uff0c\u4e2d\u56fd\u79ef\u6781\u8fdb\u53d6\u7814\u53d1CBDC\uff0c\u4ea6\u5bf9\u5176\u4ed6\u592e\u884c\u6784\u6210\u538b\u529b\u3001\u4e0d\u80fd\u843d\u540e\u592a\u591a\u3002<\/p>\n

CBDC\u662f\u4e3b\u6743\u8d27\u5e01\u7684\u6570\u5b57\u5316\u7248\u672c\uff0c\u7531\u6709\u5173\u56fd\u5bb6\u7684\u592e\u884c\u521b\u5efa\u548c\u53d1\u884c\u3002\u5b83\u662f\u4e0e\u73b0\u91d1\u7b49\u503c\u7684\u7535\u5b50\u652f\u4ed8\u5a92\u4ecb\uff0c\u50a8\u5b58\u4e8e\u6301\u6709\u8005\u7684\u624b\u673a\u6216\u5176\u4ed6\u88c5\u7f6e\u4e0a\u7684\u6570\u5b57\u94b1\u5305\u4e2d\u3002\u76f8\u5bf9\u4e8e\u4e00\u4e9b\u7535\u5b50\u652f\u4ed8\u5e73\u53f0\uff0c\u5982\u652f\u4ed8\u5b9d\u3001\u5fae\u4fe1\u652f\u4ed8\u7b49\uff0cCBDC\u662f\u6cd5\u5b9a\u8d27\u5e01\uff0c\u5bf9\u65b9\u4e0d\u80fd\u62d2\u6536\u3002<\/p>\n

\u4f17\u6240\u5468\u77e5\uff0c\u5728\u4e70\u5356\u8fc7\u7a0b\u4e2d\uff0c\u8981\u4fbf\u5229\u548c\u5b8c\u6210\u4ea4\u6613\u7a0b\u5e8f\uff0c\u4e70\u5356\u53cc\u65b9\u9700\u8981\u6d88\u8017\u6709\u5173\u5546\u54c1\u4ef7\u683c\u4e4b\u5916\u7684\u8d44\u6e90\u6216\u8d39\u7528\uff0c\u4f8b\u5982\u5230\u5546\u5e97\u8d2d\u7269\u6240\u82b1\u7684\u65f6\u95f4\u548c\u4ea4\u901a\u8d39\u7528\uff0c\u6216\u5c06\u8d27\u5e01\u6216\u67d0\u79cd\u4ef7\u503c\u7531\u4e70\u65b9\u8f6c\u79fb\u5230\u5356\u65b9\u7684\u652f\u4ed8\u7cfb\u7edf\u3002\u73b0\u91d1\u662f\u4e00\u79cd\u652f\u4ed8\u7cfb\u7edf\uff0c\u4f46\u8981\u4f7f\u7528\u8fd9\u4e2a\u7cfb\u7edf\uff0c\u793e\u4f1a\u9700\u8981\u82b1\u4e0a\u6709\u5173\u7684\u5370\u5237\u3001\u50a8\u5b58\u3001\u8f6c\u8fd0\u3001\u4fdd\u5b89\u3001\u8fa8\u522b\u771f\u4f2a\u3001\u6ce8\u9500\u7b49\u6210\u672c\u3002\u540c\u6837\uff0c\u652f\u7968\u652f\u4ed8\u4e5f\u6709\u6e05\u7b97\u8fc7\u7a0b\u4e2d\u7684\u6210\u672c\uff1b\u5728\u4fe1\u7528\u5361\u652f\u4ed8\u8fc7\u7a0b\uff0c\u53d1\u5361\u94f6\u884c\u4ea6\u4f1a\u5bf9\u5546\u5e97\u5f81\u6536\u8d39\u7528\u3002<\/p>\n

\u6551\u6d4e\u76f4\u63a5\u5230\u4f4d<\/h5>\n

\u8fd9\u4e9b\u652f\u4ed8\u7cfb\u7edf\u7684\u4ea4\u6613\u6210\u672c\uff0c\u5728\u8de8\u5883\u652f\u4ed8\u4e2d\u66f4\u52a0\u660e\u663e\uff0c\u4e0d\u5355\u53cc\u65b9\u94f6\u884c\u4f1a\u6536\u53d6\u624b\u7eed\u8d39\uff0c\u4e2d\u95f4\u4f5c\u4e3a\u300c\u8baf\u606f\u4f20\u9012\u300d\u7684\u673a\u6784\uff08\u5982SWIFT\uff09\u4e5f\u4f1a\u6536\u53d6\u8d39\u7528\uff0c\u800c\u6e05\u7b97\u8fc7\u7a0b\u4e00\u822c\u9700\u8981\u4e24\u5929\u6216\u66f4\u957f\u65f6\u95f4\u3002\u5982\u679c\u6d89\u53ca\u53d1\u5c55\u4e2d\u56fd\u5bb6\u6216\u975e\u4e3b\u8981\u8d27\u5e01\uff0c\u8d39\u7528\u5c06\u4f1a\u66f4\u9ad8\u3001\u8017\u65f6\u66f4\u957f\u3002\u4e0a\u8ff0\u79cd\u79cd\uff0c\u90fd\u8bf4\u660e\u4f20\u7edf\u652f\u4ed8\u7cfb\u7edf\u7684\u6548\u7387\u6709\u5f85\u63d0\u9ad8\u3002CBDC\u7684\u4e00\u5927\u8d21\u732e\uff0c\u5c31\u662f\u63d0\u5347\u652f\u4ed8\u7cfb\u7edf\u7684\u6548\u7387\u3002<\/p>\n

CBDC\u548c\u73b0\u91d1\u90fd\u6709\u300c\u652f\u4ed8\u5373\u7ed3\u7b97\u300d\u7684\u65b9\u4fbf\u3002\u73b0\u91d1\u8f6c\u624b\u540e\uff0c\u5176\u6240\u6709\u6743\u4ea6\u968f\u5373\u8f6c\u79fb\uff0c\u65e0\u9700\u8fdb\u4e00\u6b65\u6838\u5b9e\uff0c\u4ea6\u65e0\u9700\u4efb\u4f55\u6388\u6743\uff0c\u4fbf\u53ef\u968f\u5373\u4f7f\u7528\u65b0\u6301\u6709\u7684\u73b0\u91d1\uff0cCBDC\u4ea6\u5982\u662f\u3002\u4f46\u73b0\u91d1\u6709\u4e00\u4e2a\u5f88\u5927\u7684\u7f3a\u70b9\uff0c\u5c31\u662f\u4e70\u5356\u53cc\u65b9\u9700\u540c\u65f6\u540c\u5730\u51fa\u73b0\uff0c\u624d\u53ef\u5c06\u73b0\u91d1\u8f6c\u624b\u3002\u8fd9\u5f53\u7136\u4e0d\u5229\u4e8e\u65b0\u65f6\u4ee3\u6570\u5b57\u7ecf\u6d4e\u4e0b\u7684\u4ea4\u6613\u6d3b\u52a8\u3002\u76f8\u5bf9\u800c\u8a00\uff0cCBDC\u53ef\u4ee5\u5f88\u65b9\u4fbf\u5730\u6253\u7834\u65f6\u7a7a\u7684\u9650\u5236\uff0c\u4fc3\u8fdb\u65b0\u7ecf\u6d4e\u53d1\u5c55\u3002<\/p>\n

CBDC\u7684\u53e6\u4e00\u4e2a\u4f18\u70b9\uff0c\u662f\u4fc3\u8fdb\u91d1\u878d\u666e\u60e0\u5316\uff08financial inclusion\uff09\u3002\u5b83\u7684\u4f7f\u7528\u65e0\u9700\u901a\u8fc7\u4e92\u8054\u7f51\uff0c\u4fbf\u5229\u4e86\u4e92\u8054\u7f51\u8986\u76d6\u7387\u4f4e\u7684\u504f\u8fdc\u5730\u533a\u548c\u53d1\u5c55\u4e2d\u56fd\u5bb6\u4eba\u53e3\u7684\u91d1\u878d\u53c2\u4e0e\u3002\u6b64\u5916\uff0cCBDC\u652f\u4ed8\u7684\u53cc\u65b9\u4ea6\u65e0\u9700\u6301\u6709\u94f6\u884c\u6237\u53e3\u3002\u6309\u4e16\u754c\u94f6\u884c\u7684\u6570\u636e\uff0c\u57282017\u5e74\u5168\u7403\u4eba\u53e3\u7ea675\u4ebf\uff0c\u5176\u4e2d\u7adf\u670917\u4ebf\u4eba\u6ca1\u6709\u94f6\u884c\u6237\u53e3\u6216\u4f7f\u7528\u94f6\u884c\u670d\u52a1 \u3010\u6ce83\u3011<\/a>\u3002\u8fd9\u662f\u5bf9\u300c\u91d1\u878d\u5168\u7403\u5316\u300d\u4e00\u8bcd\u7684\u8bbd\u523a\u3002\u91d1\u878d\u4e0d\u4e00\u5b9a\u6d89\u53ca\u590d\u6742\u548c\u5de8\u989d\u7684\u8d44\u4ea7\u3002\u5728\u53bb\u5e74\u65b0\u51a0\u80ba\u708e\u7684\u5f71\u54cd\u4e0b\uff0c\u7f8e\u56fd\u653f\u5e9c\u4ee5\u652f\u7968\u5c06\u6551\u6d4e\u91d1\u5bc4\u7ed9\u5e02\u6c11\u3002\u4f46\u67091400\u4e07\u7f8e\u56fd\u4eba\u662f\u6ca1\u6709\u94f6\u884c\u6237\u53e3\uff0c\u4ed6\u4eec\u603b\u5f97\u82b1\u4e0a\u4e00\u4e9b\u5fc3\u601d\u548c\u6210\u672c\uff0c\u624d\u53ef\u5c06\u652f\u7968\u5151\u6362\u4e3a\u73b0\u91d1\u4f7f\u7528\u3002\u82e5\u679cCBDC\u5df2\u5728\u7f8e\u56fd\u5168\u9762\u6d41\u901a\uff0c\u4fbf\u65e0\u9700\u8d39\u65f6\u5931\u4e8b\u4e86\u3002\u540c\u6837\uff0c\u82e5\u4e0d\u5e78\u9047\u4e0a\u5929\u7136\u707e\u5bb3\uff0cCBDC\u53ef\u4ee5\u4fbf\u5229\u653f\u5e9c\u53ca\u65f6\u3001\u6709\u76ee\u6807\u5730\u6551\u6d4e\u707e\u6c11\uff0c\u4e00\u6765\u8d44\u91d1\u8fc5\u901f\u5230\u4f4d\uff0c\u4e8c\u6765\u53ef\u4ee5\u51cf\u5c11\u4e2d\u4ecb\u7ec4\u7ec7\u6263\u53d6\u7684\u8d39\u7528\u3002<\/p>\n

\u6253\u51fb\u6d17\u94b1\u6709\u8d23<\/h5>\n

\u8bb8\u591a\u592e\u884c\u63a2\u7d22CBDC\u7684\u5176\u4e2d\u4e00\u4e2a\u539f\u56e0\uff0c\u662f\u5b83\u4eec\u6709\u52a9\u8c03\u63a7\u7ecf\u6d4e\u3002\u9002\u5f53\u7684\u7ecf\u6d4e\u653f\u7b56\uff0c\u81ea\u7136\u9700\u8981\u5efa\u57fa\u4e8e\u5bf9\u7ecf\u6d4e\u53ca\u65f6\u548c\u5168\u9762\u7684\u4e86\u89e3\u3002\u7136\u800c\uff0c\u7ecf\u6d4e\u6570\u636e\u4e3b\u8981\u662f\u5b63\u5ea6\u548c\u6708\u5ea6\u7684\uff0c\u4e0d\u5982\u91d1\u878d\u6570\u636e\u9891\u5bc6\u3002\u800c\u4e14\u6570\u636e\u5e76\u975e\u5373\u65f6\u7684\uff0c\u4e5f\u5e38\u6709\u65e5\u540e\u4fee\u8ba2\u7684\u9700\u8981\u3002CBDC\u5e7f\u6cdb\u6d41\u901a\u540e\uff0c\u653f\u5e9c\u53ef\u4ee5\u83b7\u5f97\u6709\u5173\u7ecf\u6d4e\u8868\u73b0\u7684\u5b9e\u65f6\u60c5\u51b5\u3002\u5373\u4f7f\u5728\u5168\u56fd\u603b\u652f\u4ed8\u989d\u4e2d\u6bd4\u4f8b\u4e0d\u9ad8\uff0cCBDC\u7684\u4f7f\u7528\u6570\u636e\uff0c\u4e5f\u53ef\u4ee5\u63d0\u4f9b\u5f88\u597d\u7684\u653f\u7b56\u53c2\u8003\u6750\u6599\uff0c\u7279\u522b\u662fCBDC\u7684\u6570\u636e\u53ef\u4ee5\u7ec6\u5206\u81f3\u4e0d\u540c\u90e8\u95e8\u548c\u884c\u4e1a\u7684\u5c42\u9762\u3002\u540c\u65f6\uff0c\u6267\u6cd5\u5f53\u5c40\u53ef\u4ee5\u6613\u4e8e\u53ca\u65e9\u53d1\u73b0\uff0c\u5e76\u6d88\u9664\u6b3a\u8bc8\u3001\u6d17\u94b1\u3001\u8d44\u52a9\u6050\u6016\u5206\u5b50\u548c\u975e\u6cd5\u8d4c\u535a\u7b49\u6d3b\u52a8\u3002<\/p>\n

\u5f53\u7136\u653f\u5e9c\u7684\u76d1\u7ba1\u6108\u5bb9\u6613\uff0c\u5e02\u6c11\u4f1a\u611f\u89c9\u5230\u6108\u5c11\u79c1\u9690\u4fdd\u969c\u3002\u800c\u8fd9\u4e5f\u4f7f\u4e00\u4e9b\u4eba\u6297\u62d2CBDC\uff0c\u503e\u5411\u63a5\u53d7\u300c\u53bb\u4e2d\u5fc3\u5316\u300d\u7684\u52a0\u5bc6\u8d27\u5e01\u3002\u5c31\u8fd9\u4e2a\u8bae\u9898\uff0c\u53ef\u4ee5\u4ece\u4ee5\u4e0b\u51e0\u70b9\u8fdb\u884c\u8ba8\u8bba\u3002\u7b2c\u4e00\uff0c\u7531\u4e8e\u8d27\u5e01\u653f\u7b56\u7684\u9700\u8981\uff0c\u5728\u6570\u5b57\u7ecf\u6d4e\u6108\u8d8b\u53d1\u8fbe\u7684\u60c5\u51b5\u4e0b\uff0c\u76f8\u4fe1\u6ca1\u6709\u4efb\u4f55\u7ecf\u6d4e\u4f53\uff0c\u53ea\u6709\u5e02\u573a\u63d0\u4f9b\u7684\u52a0\u5bc6\u8d27\u5e01\u548c\u652f\u4ed8\u5e73\u53f0\uff1b\u800c\u592e\u884c\u53ea\u53d1\u884c\u4f20\u7edf\u7684\u73b0\u91d1\u548c\u94f6\u884c\u7684\u5b58\u6b3e\u51c6\u5907\u91d1\uff0c\u5374\u4e0d\u53d1\u884cCBDC\uff1b\u7b2c\u4e8c\uff0c\u5373\u4f7f\u6ca1\u6709CBDC\uff0c\u4e5f\u4e0d\u4ee3\u8868\u592e\u884c\u4e0d\u4f1a\u76d1\u5bdf\u7ecf\u6d4e\u6d3b\u52a8\u3002CBDC\u7684\u5b58\u5728\uff0c\u53ea\u662f\u51cf\u4f4e\u76d1\u5bdf\u6210\u672c\u800c\u5df2\u3002\u653f\u5e9c\u90e8\u95e8\u53ca\u592e\u884c\u6709\u56fd\u5185\u548c\u56fd\u9645\u8d23\u4efb\uff0c\u6253\u51fb\u6d17\u9ed1\u94b1\uff08Anti-Money Laundering\uff09\u548c\u6050\u6016\u4e3b\u4e49\u7b79\u96c6\u8d44\u91d1\uff08Counter Financing of Terrorism\uff09\u3002<\/p>\n

\u5f88\u96be\u60f3\u50cf\u6709\u592e\u884c\u5728\u5efa\u7acbCBDC\u7cfb\u7edf\u65f6\u4e0d\u628a\u8fd9\u4e24\u70b9\u8003\u8651\u5728\u5185\uff1b\u7b2c\u4e09\uff0cCBDC\u7684\u4ea4\u6613\u8baf\u606f\u7531\u653f\u5e9c\u638c\u63a7\uff0c\u800c\u5728\u76ee\u524d\u5982\u652f\u4ed8\u5b9d\u7684\u7535\u5b50\u4ea4\u6613\u4e2d\uff0c\u4e2a\u4eba\u7684\u4ea4\u6613\u8baf\u606f\u662f\u7531\u6709\u5173\u5e73\u53f0\u638c\u63a7\u3002\u524d\u8005\u7684\u4fdd\u969c\u79c1\u9690\u7a0b\u5ea6\u4e0d\u4e00\u5b9a\u6bd4\u540e\u8005\u4f4e\uff0c\u800c\u540e\u8005\u4f1a\u4ece\u7528\u6237\u6570\u636e\u4e2d\u53d7\u60e0\u3002\u8fd9\u4e00\u70b9\uff0c\u4e5f\u662f\u4eba\u884c\u63a8\u884c\u6570\u5b57\u4eba\u6c11\u5e01\u7684\u4e00\u4e2a\u8bba\u70b9\u3002<\/p>\n

\u6216\u5448\u91d1\u878d\u8131\u5a92<\/h5>\n

\u4e0d\u8fc7\uff0cCBDC\u4ea6\u6709\u6311\u6218\uff0c\u5c31\u662f\u8981\u9632\u8303\u9ed1\u5ba2\u5165\u4fb5\uff0c\u4fdd\u62a4\u8baf\u606f\u7684\u91cd\u8981\u6027\uff0c\u53ef\u8c13\u4e0d\u8a00\u800c\u55bb\u3002\u53e6\u4e00\u4e2a\u6311\u6218\uff0c\u662fCBDC\u9664\u4e86\u53d6\u4ee3\u73b0\u91d1\u5916\uff0c\u8fd8\u53ef\u80fd\u53d6\u4ee3\u5176\u4ed6\u5f62\u5f0f\u7684\u8d27\u5e01\uff0c\u7279\u522b\u662f\u5546\u4e1a\u94f6\u884c\u7684\u5b58\u6b3e\uff0c\u9020\u6210\u6240\u8c13\u91d1\u878d\u8131\u5a92\uff08financial disintermediation\uff09\u3002\u548c\u73b0\u91d1\u4e00\u6837\uff0cCBDC\u662f\u592e\u884c\u7684\u8d1f\u503a\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u5b58\u6b3e\u662f\u94f6\u884c\u7684\u8d1f\u503a\uff0c\u94f6\u884c\u53ef\u4ee5\u5012\u95ed\u800c\u592e\u884c\u4e0d\u4f1a\uff0c\u56e0\u6b64\u6301\u6709CBDC\u6bd4\u6301\u6709\u94f6\u884c\u5b58\u6b3e\u7a33\u59a5\u3002CBDC\u4f1a\u5426\u53d6\u4ee3\u94f6\u884c\u5b58\u6b3e\uff0c\u589e\u52a0\u94f6\u884c\u7ecf\u8425\u7684\u56f0\u96be\uff0c\u8981\u770b\u94f6\u884c\u4f53\u7cfb\u5982\u4f55\u5e94\u5bf9\uff0c\u4f8b\u5982\u63d0\u9ad8\u5b58\u6b3e\u5229\u606f\uff0c\u6216\u6539\u5584\u5bf9\u5b58\u6237\u7684\u670d\u52a1\u7b49\u3002<\/p>\n

\u6570\u5b57\u4eba\u6c11\u5e01\u76ee\u524d\u4ecd\u5904\u4e8e\u8bd5\u9a8c\u9636\u6bb5\uff0c\u4f46\u5373\u4f7f\u65e5\u540e\u5e7f\u6cdb\u5e94\u7528\uff0c\u5728\u5f88\u957f\u4e00\u6bb5\u65f6\u95f4\u5185\uff0c\u4e5f\u4e0d\u4f1a\u5168\u9762\u53d6\u4ee3\u4eba\u6c11\u5e01\u73b0\u91d1\u3002\u8fd9\u4e00\u70b9\uff0c\u4eba\u884c\u7684\u5b98\u5458\u65e9\u5728\u4e0d\u540c\u573a\u5408\u6307\u51fa\uff0c\u5728\u4e0a\u8ff0\u7684\u767d\u76ae\u4e66\u4e2d\u4e5f\u6709\u91cd\u7533\u3002CBDC\u7684\u63a8\u51fa\uff0c\u65e0\u8bba\u662f\u5728\u54ea\u4e00\u4e2a\u56fd\u5bb6\uff0c\u90fd\u53ef\u4ee5\u8bf4\u662f\u9769\u547d\u6027\u7684\u3002\u4f46\u7531\u4e8e\u5f71\u54cd\u6df1\u8fdc\uff0c\u6240\u4ee5\u5fc5\u987b\u4ee5\u91d1\u878d\u7a33\u5b9a\u4e3a\u524d\u63d0\u6765\u53d1\u5c55\u3002\u540c\u65f6\uff0cCBDC\uff0c\u7279\u522b\u662f\u4e2d\u56fd\u7684\u6570\u5b57\u4eba\u6c11\u5e01\uff0c\u6709\u4e00\u5b9a\u7684\u56fd\u9645\u542b\u4e49\uff0c\u8fd9\u65b9\u9762\u9700\u8981\u53e6\u6587\u8ba8\u8bba\u3002<\/p>\n

 <\/p>\n

<\/a>\u3010\u6ce81\u3011\u592e\u884c\uff1a\u6570\u5b57\u4eba\u6c11\u5e01\u5c01\u95ed\u6d4b\u8bd5\u4e0d\u4f1a\u5f71\u54cd\u4eba\u6c11\u5e01\u53d1\u884c\u6d41\u901a<\/span><\/a><\/p>\n

<\/a>\u3010\u6ce82\u3011\u4e2d\u56fd\u6570\u5b57\u4eba\u6c11\u5e01\u7684\u7814\u53d1\u8fdb\u5c55\u767d\u76ae\u4e66<\/span><\/a><\/p>\n

<\/a>\u3010\u6ce83\u3011The Global Findex database 2017<\/a><\/p>\n

 <\/p>\n

\u9646\u708e\u8f89 \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u8363\u8a89\u526f\u6559\u6388<\/strong><\/p>\n

\uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u4e00\u5e74\u516b\u6708\u5341\u516b\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\u3002\uff09<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"tags":[2164],"class_list":["post-148943","thought-leadership","type-thought-leadership","status-publish","hentry","tag-2164","leadership-topic-categories-opinions-and-speeches-sc","in-the-media-topic-categories-faculty-sc","opinion-speeches-categories-economics-sc"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership\/148943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership"}],"about":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/types\/thought-leadership"}],"version-history":[{"count":6,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership\/148943\/revisions"}],"predecessor-version":[{"id":149153,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership\/148943\/revisions\/149153"}],"wp:attachment":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/media?parent=148943"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/tags?post=148943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}