{"id":184406,"date":"2023-03-23T09:18:34","date_gmt":"2023-03-23T01:18:34","guid":{"rendered":"https:\/\/www.hkubs.hku.hk\/?post_type=thought-leadership&#038;p=184406"},"modified":"2023-03-23T09:22:14","modified_gmt":"2023-03-23T01:22:14","slug":"%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d","status":"publish","type":"thought-leadership","link":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/","title":{"rendered":"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d"},"content":{"rendered":"<p>3\u670810\u65e5\uff0c\u4f5c\u4e3a\u7f8e\u56fd\u5728\u521b\u79d1\u9886\u57df\u6700\u91cd\u8981\u7684\u94f6\u884c\uff0c\u77fd\u8c37\u94f6\u884c\u572848\u5c0f\u65f6\u5185\u7a81\u7136\u5ba3\u5e03\u7834\u4ea7\uff0c\u65e0\u7591\u662f\u8fd1\u5e74\u6765\u9707\u64bc\u5168\u7403\u7684\u91d1\u878d\u4e8b\u4ef6\u3002\u867d\u7136\u56e0\u4e3a\u7f8e\u56fd\u8054\u90a6\u518d\u4fdd\u9669\u516c\u53f8\u5feb\u901f\u4ecb\u5165\u548c\u7f8e\u56fd\u653f\u5e9c\u6258\u5e95\uff0c\u907f\u514d\u4e86\u5371\u673a\u5411\u5176\u4ed6\u91d1\u878d\u673a\u6784\u548c\u5b9e\u4f53\u7ecf\u6d4e\u5927\u89c4\u6a21\u8513\u5ef6\uff0c\u4f46\u5df2\u53cd\u6620\u51fa\u8054\u90a6\u50a8\u5907\u5c40\uff08\u8054\u50a8\u5c40\uff09\u81ea2022\u5e74\u4ee5\u6765\u591a\u8f6e\u52a0\u606f\u5bf9\u91d1\u878d\u548c\u7ecf\u6d4e\u5e26\u6765\u7684\u5de8\u5927\u51b2\u51fb\u3002<\/p>\n<p>\u4e8b\u5b9e\u4e0a\uff0c\u8054\u50a8\u5c40\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u57283\u67087\u65e5\u56fd\u4f1a\u542c\u8bc1\u4f1a\u4e0a\u900f\u9732\uff0c\u5c06\u6301\u7eed\u52a0\u606f\u5bf9\u6297\u901a\u80c0\uff0c\u65e0\u7591\u6210\u4e3a\u77fd\u8c37\u94f6\u884c\u7206\u96f7\u7684\u5bfc\u706b\u7ebf\u3002<\/p>\n<p>\u65e0\u72ec\u6709\u5076\uff0c\u968f\u540e\u7b2c\u4e00\u5171\u548c\u94f6\u884c\u7684\u80a1\u4ef7\u57285\u5929\u5185\u66b4\u8dcc\u8d85\u8fc770%\uff0cSignature Bank\u548cSilvergate Bank\u5ba3\u5e03\u505c\u4e1a\uff0c\u90fd\u4e0e\u8054\u50a8\u5c40\u53bb\u5e74\u81f3\u4eca\u6781\u4e3a\u4e25\u5389\u7684\u7d27\u7f29\u653f\u7b56\u5bc6\u5207\u76f8\u5173\u3002\u5176\u540e\uff0c\u745e\u58eb\u91d1\u878d\u5de8\u5934\u745e\u58eb\u4fe1\u8d37\u96c6\u56e2\u4e5f\u7206\u51fa\u5371\u673a\uff0c\u5e02\u573a\u96be\u514d\u62c5\u5fe7\u7f8e\u56fd\u94f6\u884c\u4e1a\u7684\u5371\u673a\u751a\u81f3\u6709\u5411\u6b27\u6d32\u8513\u5ef6\u7684\u8d8b\u52bf\u3002<\/p>\n<h5>\u65e7\u74f6\u65b0\u9152\u65e0\u6d4e\u4e8e\u4e8b<\/h5>\n<p>\u8054\u50a8\u5c40\u8fd9\u4e00\u5e74\u6765\u63a5\u4e8c\u8fde\u4e09\u7684\u52a0\u606f\u63aa\u65bd\uff0c\u6e90\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u4ece2021\u5e74\u4ee5\u6765\u9762\u4e34\u7684\u6301\u7eed\u9ad8\u901a\u80c0\u30022020\u5e74\u521d\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\uff0c\u5168\u7403\u7ecf\u6d4e\u9762\u4e34\u91cd\u521b\u3002\u4e3a\u4e86\u7a33\u5b9a\u7ecf\u6d4e\u3001\u523a\u6fc0\u53d1\u5c55\uff0c\u8054\u50a8\u5c40\u4e8e\u540c\u5e743\u6708\u8fde\u7eed\u4e24\u6b21\u5927\u5e45\u4e0b\u8c03\u57fa\u51c6\u5229\u7387\uff0c\u4f7f\u5f97\u5229\u7387\u533a\u95f4\u63a5\u8fd1\u96f6\u3002\u7136\u800c\uff0c\u968f\u7740\u75ab\u60c5\u9010\u6b65\u8d8b\u7a33\uff0c\u9ad8\u901a\u80c0\u8f6c\u800c\u6210\u4e3a\u7f8e\u56fd\u7ecf\u6d4e\u7684\u4e3b\u65cb\u5f8b\u30022022\u5e74\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u6da8\u5e45\u6700\u9ad8\u8fbe\u52309.1%\uff0c\u521b\u4e0b\u8fd140\u5e74\u5185\u5386\u53f2\u65b0\u9ad8\u3002<\/p>\n<p>\u5728\u9ad8\u901a\u80c0\u7684\u538b\u529b\u4e0b\uff0c\u8054\u50a8\u5c40\u4e8e2022\u5e74\u5e74\u521d\u5f00\u59cb\u8fde\u7eed8\u6b21\u4e0a\u8c03\u57fa\u51c6\u5229\u7387\u3002\u622a\u81f32023\u5e742\u6708\uff0c\u5229\u7387\u533a\u95f4\u4ece\u63a5\u8fd1\u96f6\u98d9\u5347\u81f34.5%\u4e0e4.75%\u4e4b\u95f4\u3002\u5728\u4e00\u8fde\u4e32\u52a0\u606f\u731b\u836f\u7684\u4f5c\u7528\u4e0b\uff0c\u901a\u8d27\u81a8\u80c0\u7684\u589e\u901f\u867d\u7136\u6709\u6240\u7f13\u548c\uff0c\u4f46\u6574\u4f53\u6c34\u5e73\u4ecd\u7136\u5c45\u9ad8\u4e0d\u4e0b\u3002\u622a\u81f32022\u5e7412\u6708\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u589e\u52a06.5%\uff0c\u4ecd\u7136\u663e\u7740\u9ad8\u4e8e\u8054\u50a8\u5c40\u8bbe\u5b9a\u76842%\u957f\u671f\u901a\u80c0\u76ee\u6807\u3002\u672c\u6708\u4e2d\u77fd\u8c37\u94f6\u884c\u7b49\u4e8b\u4ef6\u76f8\u7ee7\u51fa\u73b0\uff0c\u66f4\u7a81\u663e\u51fa\u66b4\u529b\u52a0\u606f\u5728\u5e94\u5bf9\u6b64\u8f6e\u901a\u80c0\u65b9\u9762\u5df2\u529b\u4e0d\u4ece\u5fc3\u3002<\/p>\n<p>\u4ee4\u4eba\u987e\u8651\u7684\u662f\uff0c\u5728\u52a0\u606f\u653f\u7b56\u8fd8\u672a\u5b9e\u73b0\u7a33\u5b9a\u5e02\u573a\u7684\u65f6\u5019\uff0c\u5176\u526f\u4f5c\u7528\u5df2\u7ecf\u6084\u7136\u88ad\u6765\u3002\u51cf\u606f\u4fc3\u589e\u957f\uff0c\u52a0\u606f\u63a7\u901a\u80c0\uff0c\u8fd9\u4e00\u4f20\u7edf\u8d27\u5e01\u653f\u7b56\u5411\u6765\u5e7f\u88ab\u4e16\u754c\u5404\u56fd\u91c7\u7528\uff0c\u4e3a\u4f55\u8fd9\u6b21\u5728\u7f8e\u56fd\u5374\u770b\u4f3c\u4e0d\u7075\u4e86\uff1f<\/p>\n<h5>\u4ea7\u4e1a\u94fe\u91cd\u6784\u6210\u672c\u5347 \u52a0\u606f\u96be\u594f\u6548<\/h5>\n<p>\u7b14\u8005\u8ba4\u4e3a\uff0c\u4e2a\u4e2d\u5173\u952e\u5728\u4e8e\u6b64\u6b21\u901a\u80c0\u7684\u6210\u56e0\u548c\u4ee5\u524d\u6709\u7740\u672c\u8d28\u7684\u4e0d\u540c\u3002\u9664\u4e86\u80fd\u6e90\u4ef7\u683c\u66b4\u6da8\u8fd9\u4e00\u8bf1\u56e0\uff0c\u6b64\u6b21\u901a\u80c0\u6df1\u53d7\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\u7684\u5f71\u54cd\u3002\u4e2d\u7f8e\u8d38\u6613\u6218\u3001\u4fc4\u4e4c\u6218\u4e89\uff0c\u4ee5\u53ca\u9006\u5168\u7403\u5316\u5bfc\u81f4\u4ea7\u4e1a\u94fe\u5e03\u5c40\u4e0d\u518d\u4ec5\u4ec5\u57fa\u4e8e\u7ecf\u6d4e\u6210\u672c\uff0c\u53cd\u800c\u504f\u91cd\u4e8e\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u3002\u8fd9\u5bfc\u81f4\u53d1\u8fbe\u56fd\u5bb6\u7684\u8fdb\u53e3\u4ea7\u54c1\u751f\u4ea7\u6210\u672c\u63d0\u9ad8\uff0c\u91c7\u8d2d\u4ef7\u683c\u81ea\u7136\u63d0\u9ad8\uff0c\u76f8\u5e94\u63a8\u9ad8\u901a\u8d27\u81a8\u80c0\u3002\u7531\u4e8e\u5f88\u591a\u751f\u6d3b\u7528\u54c1\u662f\u521a\u9700\u4ea7\u54c1\uff0c\u6291\u5236\u9700\u6c42\u7684\u7d27\u7f29\u653f\u7b56\u96be\u4ee5\u89e3\u51b3\u4f9b\u5e94\u94fe\u8c03\u6574\u5e26\u6765\u7684\u6210\u672c\u95ee\u9898\uff0c\u56e0\u6b64\u5f88\u96be\u594f\u6548\u3002<\/p>\n<p>\u9996\u5148\uff0c\u5730\u7f18\u653f\u6cbb\u56e0\u7d20\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u7684\u5f71\u54cd\uff0c\u52a0\u901f\u4e86\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\uff0c\u63d0\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u8fd9\u5728\u4f17\u591a\u4ea7\u4e1a\u62a5\u544a\u4e2d\u90fd\u6709\u9610\u8ff0\u3002\u4e00\u65b9\u9762\u90e8\u5206\u53d1\u8fbe\u56fd\u5bb6\u547c\u5401\u5236\u9020\u4e1a\u56de\u6d41\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u5168\u7403\u4ea7\u4e1a\u94fe\u7684\u5206\u5e03\u6b63\u4ece\u8bb2\u7a76\u6548\u7387\u8f6c\u4e3a\u91cd\u89c6\u653f\u6cbb\u5b89\u5168\uff0c\u7ecf\u6d4e\u6548\u7387\u4e0d\u518d\u662f\u4ea7\u4e1a\u94fe\u5e03\u5c40\u3001\u8d38\u6613\u548c\u6295\u8d44\u7684\u552f\u4e00\u9a71\u52a8\u529b\u3002<\/p>\n<p>\u4f53\u73b0\u5728\u8fdb\u53e3\u4e0a\uff0c\u4ece2018\u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u7206\u53d1\u81f32020\u5e74\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\u524d\u5915\uff0c\u7f8e\u56fd\u6574\u4f53\u8fdb\u53e3\u6c34\u5e73\u5448\u73b0\u4e0b\u964d\u8d8b\u52bf\uff0c\u4e14\u8fdb\u53e3\u6765\u6e90\u56fd\u51fa\u73b0\u663e\u7740\u8f6c\u79fb\u3002World Integrated Trade Solution\u7684\u8d44\u6599\u663e\u793a\uff0c\u4ece2018\u5e741\u6708\u81f32020\u5e741\u6708\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u603b\u503c\u4e0b\u964d18.83%\uff0c\u540c\u671f\u4ece\u8d8a\u5357\u3001\u67ec\u57d4\u5be8\u7684\u8fdb\u53e3\u603b\u503c\u5219\u6025\u5347\uff0c\u5347\u5e45\u5206\u522b\u4e3a62.28%\u548c73.6%\uff0c\u5176\u4e2d\u673a\u68b0\u548c\u7535\u5b50\u8bbe\u5907\u7684\u589e\u5e45\u5c24\u4e3a\u663e\u7740\u3002\u6b64\u5916\uff0c\u7f8e\u56fd\u4ece\u4e0a\u5c4a\u603b\u7edf\u7279\u6717\u666e\u5f00\u59cb\u63a8\u5c55\u7684\u672c\u5730\u751f\u4ea7\u8ba1\u5212\uff0c\u7531\u4e8e\u7f8e\u56fd\u4eba\u529b\u6210\u672c\u8f83\u9ad8\uff0c\u5176\u751f\u4ea7\u6210\u672c\u5fc5\u7136\u5927\u589e\uff1b\u52a0\u4e0a\u8fdb\u53e3\u6765\u6e90\u56fd\u7684\u8f6c\u79fb\uff0c\u4e3a\u7f8e\u56fd\u4ef7\u683c\u98d9\u5347\u57cb\u4e0b\u4f0f\u7b14\u3002<\/p>\n<p>\u7b2c\u4e8c\uff0c\u4ea7\u4e1a\u94fe\u8c03\u6574\u548c\u8fdb\u53e3\u6765\u6e90\u5730\u7684\u6539\u53d8\uff0c\u63d0\u9ad8\u4e86\u8fdb\u53e3\u5546\u54c1\u4ef7\u683c\u3002\u6839\u636e\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u8d44\u6599\uff0c\u75ab\u60c5\u8086\u8650\u4ee5\u6765\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u6574\u4f53\u4ef7\u683c\u6307\u6570\u4ec5\u4e0a\u6da85.8%\uff0c\u5728\u5168\u7403\u8303\u56f4\u5185\u5c5e\u4f4e\u6c34\u5e73\uff0c\u4f46\u4ece\u4e1c\u5357\u4e9a\u56fd\u5bb6\u8054\u76df\u8fdb\u53e3\u7684\u5546\u54c1\u4ef7\u683c\u6307\u6570\u5219\u4e0a\u6da8\u4e867.2%\u3002\u7f8e\u56fd\u8fd9\u4e00\u5f03\u5ec9\u5c31\u8d35\u7684\u8fdb\u53e3\u6765\u6e90\u8f6c\u53d8\uff0c\u65e0\u7591\u63a8\u9ad8\u4e86\u4ea7\u54c1\u4ef7\u683c\u3002<\/p>\n<p>\u6700\u540e\uff0c\u5728\u7ecf\u53862022\u5e74\u5f00\u59cb\u76848\u6b21\u52a0\u606f\u4e4b\u540e\uff0c\u7f8e\u56fd\u7684\u80fd\u6e90\u4ef7\u683c\u4e0a\u5347\u8d8b\u52bf\u5f97\u5230\u663e\u7740\u63a7\u5236\uff0c\u4ece\u6700\u9ad8\u70b9\u7684\u6708\u589e41.6%\uff082022\u5e746\u6708\uff09\u4e0b\u964d\u5230\u6708\u589e5.2%\uff082023\u5e742\u6708\uff09\u3002\u7136\u800c\uff0c\u98df\u54c1\u3001\u7535\u529b\u7b49\u5fc5\u9700\u54c1\u4ef7\u683c\u7684\u5347\u52bf\u867d\u7136\u5f97\u4ee5\u7f13\u548c\uff0c\u4f46\u8dcc\u52bf\u7f13\u6162\u3002\u7535\u529b\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u957f\u7387\u7531\u6700\u9ad8\u768415.8%\uff082022\u5e748\u6708\uff09\u4e0b\u964d\u523012.9%\uff082023\u5e742\u6708\uff09\u3002\u540c\u671f\u98df\u54c1\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u5e45\u7531\u6700\u9ad8\u768411.4%\u5fae\u964d\u81f39.5%\u3002\u4e0a\u8ff08\u6b21\u52a0\u606f\u5bf9\u80fd\u6e90\u4ee5\u5916\u7684\u5fc5\u9700\u54c1\u4ef7\u683c\u5f71\u54cd\u8f83\u5c0f\uff0c\u4e3b\u8981\u539f\u56e0\u6709\u4e24\u70b9\uff1a\u4e00\u65b9\u9762\uff0c\u4f9b\u5e94\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u751f\u4ea7\u6210\u672c\u4e0a\u5347\uff0c\u81ea\u7136\u63a8\u9ad8\u4ef7\u683c\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u8fd9\u4e9b\u5fc5\u9700\u54c1\u9700\u6c42\u5f39\u6027\u8f83\u5c0f\uff0c\u56e0\u6b64\u52a0\u606f\u65e0\u6cd5\u5927\u5e45\u964d\u4f4e\u5bf9\u8fd9\u4e9b\u5fc5\u9700\u54c1\u7684\u9700\u6c42\u3002<\/p>\n<h5>\u987b\u4ece\u6cbb\u672c\u5165\u624b<\/h5>\n<p>\u7b14\u8005\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u81ea2021\u5e74\u5f00\u59cb\u7684\u9ad8\u901a\u8d27\u81a8\u80c0\u6709\u522b\u4e8e\u4ece\u524d\uff0c\u4e3b\u8981\u5728\u4e8e\u9006\u5168\u7403\u5316\u53ca\u5168\u7403\u4ea7\u4e1a\u94fe\u56e0\u5730\u7f18\u653f\u6cbb\u7684\u8f6c\u79fb\u63a8\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u5168\u7403\u5316\u5e03\u5c40\u6614\u65e5\u4ee5\u7ecf\u6d4e\u56e0\u7d20\u4e3a\u4e3b\u8981\u8003\u91cf\u7684\u4f9b\u5e94\u94fe\u4f53\u7cfb\uff0c\u5411\u66f4\u591a\u8003\u8651\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u7684\u5168\u65b0\u4f9b\u5e94\u94fe\u4f53\u7cfb\u8f6c\u5316\uff0c\u8fc7\u7a0b\u4e2d\u96be\u514d\u5bfc\u81f4\u4ef7\u683c\u4e0a\u5347\uff0c\u4f4e\u9700\u6c42\u5f39\u6027\u7684\u5fc5\u9700\u54c1\u5c24\u5176\u5982\u6b64\u3002\u8fd9\u4e5f\u80fd\u89e3\u91ca\u4e3a\u4f55\u6b64\u8f6e\u901a\u80c0\u5982\u6b64\u8fc5\u731b\uff0c\u903c\u5f97\u8054\u50a8\u5c40\u8fde\u756a\u52a0\u606f\uff0c\u4f46\u6548\u679c\u5374\u4e0d\u5982\u9884\u671f\u3002<\/p>\n<p>\u603b\u4f53\u6765\u770b\uff0c\u8054\u50a8\u5c402022\u5e74\u4ee5\u6765\u91cd\u62f3\u52a0\u606f\u4ee5\u904f\u6291\u901a\u80c0\u7684\u653f\u7b56\uff0c\u7a0d\u6709\u523b\u821f\u6c42\u5251\u4e4b\u5acc\u3002\u4e0d\u4ec5\u65e0\u6cd5\u89e3\u51b3\u5168\u7403\u4f9b\u5e94\u94fe\u8f6c\u79fb\u6240\u5f15\u53d1\u7684\u6210\u672c\u589e\u52a0\u95ee\u9898\uff0c\u53cd\u800c\u53ef\u80fd\u5236\u9020\u8bf8\u5982\u77fd\u8c37\u94f6\u884c\u4e4b\u7c7b\u7684\u5371\u673a\u3002<\/p>\n<p>\u5f53\u5c40\u5e94\u5934\u75db\u533b\u5934\uff0c\u4e14\u987b\u5bf9\u75c7\u4e0b\u836f\uff0c\u6b63\u672c\u6e05\u6e90\uff0c\u4ece\u751f\u4ea7\u6210\u672c\u7740\u624b\uff0c\u8bbe\u6cd5\u89e3\u51b3\u56e0\u4e3a\u5168\u7403\u4ea7\u4e1a\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u6210\u672c\u4e0a\u5347\u95ee\u9898\uff0c\u81f4\u529b\u4e8e\u5728\u65b0\u7684\u4ea7\u4e1a\u94fe\u964d\u4f4e\u6210\u672c\uff0c\u6216\u5bfb\u6c42\u6784\u5efa\u66f4\u5177\u7ecf\u6d4e\u6548\u76ca\u7684\u4ea7\u4e1a\u94fe\u4f53\u7cfb\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u674e\u6676\u535a\u58eb<\/strong><strong><br \/>\n\u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u5de5\u5546\u7ba1\u7406\u5b66\u5b66\u58eb\uff08\u56fd\u9645\u5546\u4e1a\u53ca\u73af\u7403\u7ba1\u7406\uff09\u8bfe\u7a0b\u526f\u603b\u76d1<\/strong><\/p>\n<p>\uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e09\u6708\u4e8c\u5341\u4e8c\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"tags":[],"class_list":["post-184406","thought-leadership","type-thought-leadership","status-publish","hentry","leadership-topic-categories-hkej-column-sc","in-the-media-topic-categories-faculty-sc"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"3\u670810\u65e5\uff0c\u4f5c\u4e3a\u7f8e\u56fd\u5728\u521b\u79d1\u9886\u57df\u6700\u91cd\u8981\u7684\u94f6\u884c\uff0c\u77fd\u8c37\u94f6\u884c\u572848\u5c0f\u65f6\u5185\u7a81\u7136\u5ba3\u5e03\u7834\u4ea7\uff0c\u65e0\u7591\u662f\u8fd1\u5e74\u6765\u9707\u64bc\u5168\u7403\u7684\u91d1\u878d\u4e8b\u4ef6\u3002\u867d\u7136\u56e0\u4e3a\u7f8e\u56fd\u8054\u90a6\u518d\u4fdd\u9669\u516c\u53f8\u5feb\u901f\u4ecb\u5165\u548c\u7f8e\u56fd\u653f\u5e9c\u6258\u5e95\uff0c\u907f\u514d\u4e86\u5371\u673a\u5411\u5176\u4ed6\u91d1\u878d\u673a\u6784\u548c\u5b9e\u4f53\u7ecf\u6d4e\u5927\u89c4\u6a21\u8513\u5ef6\uff0c\u4f46\u5df2\u53cd\u6620\u51fa\u8054\u90a6\u50a8\u5907\u5c40\uff08\u8054\u50a8\u5c40\uff09\u81ea2022\u5e74\u4ee5\u6765\u591a\u8f6e\u52a0\u606f\u5bf9\u91d1\u878d\u548c\u7ecf\u6d4e\u5e26\u6765\u7684\u5de8\u5927\u51b2\u51fb\u3002 \u4e8b\u5b9e\u4e0a\uff0c\u8054\u50a8\u5c40\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u57283\u67087\u65e5\u56fd\u4f1a\u542c\u8bc1\u4f1a\u4e0a\u900f\u9732\uff0c\u5c06\u6301\u7eed\u52a0\u606f\u5bf9\u6297\u901a\u80c0\uff0c\u65e0\u7591\u6210\u4e3a\u77fd\u8c37\u94f6\u884c\u7206\u96f7\u7684\u5bfc\u706b\u7ebf\u3002 \u65e0\u72ec\u6709\u5076\uff0c\u968f\u540e\u7b2c\u4e00\u5171\u548c\u94f6\u884c\u7684\u80a1\u4ef7\u57285\u5929\u5185\u66b4\u8dcc\u8d85\u8fc770%\uff0cSignature Bank\u548cSilvergate Bank\u5ba3\u5e03\u505c\u4e1a\uff0c\u90fd\u4e0e\u8054\u50a8\u5c40\u53bb\u5e74\u81f3\u4eca\u6781\u4e3a\u4e25\u5389\u7684\u7d27\u7f29\u653f\u7b56\u5bc6\u5207\u76f8\u5173\u3002\u5176\u540e\uff0c\u745e\u58eb\u91d1\u878d\u5de8\u5934\u745e\u58eb\u4fe1\u8d37\u96c6\u56e2\u4e5f\u7206\u51fa\u5371\u673a\uff0c\u5e02\u573a\u96be\u514d\u62c5\u5fe7\u7f8e\u56fd\u94f6\u884c\u4e1a\u7684\u5371\u673a\u751a\u81f3\u6709\u5411\u6b27\u6d32\u8513\u5ef6\u7684\u8d8b\u52bf\u3002 \u65e7\u74f6\u65b0\u9152\u65e0\u6d4e\u4e8e\u4e8b \u8054\u50a8\u5c40\u8fd9\u4e00\u5e74\u6765\u63a5\u4e8c\u8fde\u4e09\u7684\u52a0\u606f\u63aa\u65bd\uff0c\u6e90\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u4ece2021\u5e74\u4ee5\u6765\u9762\u4e34\u7684\u6301\u7eed\u9ad8\u901a\u80c0\u30022020\u5e74\u521d\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\uff0c\u5168\u7403\u7ecf\u6d4e\u9762\u4e34\u91cd\u521b\u3002\u4e3a\u4e86\u7a33\u5b9a\u7ecf\u6d4e\u3001\u523a\u6fc0\u53d1\u5c55\uff0c\u8054\u50a8\u5c40\u4e8e\u540c\u5e743\u6708\u8fde\u7eed\u4e24\u6b21\u5927\u5e45\u4e0b\u8c03\u57fa\u51c6\u5229\u7387\uff0c\u4f7f\u5f97\u5229\u7387\u533a\u95f4\u63a5\u8fd1\u96f6\u3002\u7136\u800c\uff0c\u968f\u7740\u75ab\u60c5\u9010\u6b65\u8d8b\u7a33\uff0c\u9ad8\u901a\u80c0\u8f6c\u800c\u6210\u4e3a\u7f8e\u56fd\u7ecf\u6d4e\u7684\u4e3b\u65cb\u5f8b\u30022022\u5e74\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u6da8\u5e45\u6700\u9ad8\u8fbe\u52309.1%\uff0c\u521b\u4e0b\u8fd140\u5e74\u5185\u5386\u53f2\u65b0\u9ad8\u3002 \u5728\u9ad8\u901a\u80c0\u7684\u538b\u529b\u4e0b\uff0c\u8054\u50a8\u5c40\u4e8e2022\u5e74\u5e74\u521d\u5f00\u59cb\u8fde\u7eed8\u6b21\u4e0a\u8c03\u57fa\u51c6\u5229\u7387\u3002\u622a\u81f32023\u5e742\u6708\uff0c\u5229\u7387\u533a\u95f4\u4ece\u63a5\u8fd1\u96f6\u98d9\u5347\u81f34.5%\u4e0e4.75%\u4e4b\u95f4\u3002\u5728\u4e00\u8fde\u4e32\u52a0\u606f\u731b\u836f\u7684\u4f5c\u7528\u4e0b\uff0c\u901a\u8d27\u81a8\u80c0\u7684\u589e\u901f\u867d\u7136\u6709\u6240\u7f13\u548c\uff0c\u4f46\u6574\u4f53\u6c34\u5e73\u4ecd\u7136\u5c45\u9ad8\u4e0d\u4e0b\u3002\u622a\u81f32022\u5e7412\u6708\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u589e\u52a06.5%\uff0c\u4ecd\u7136\u663e\u7740\u9ad8\u4e8e\u8054\u50a8\u5c40\u8bbe\u5b9a\u76842%\u957f\u671f\u901a\u80c0\u76ee\u6807\u3002\u672c\u6708\u4e2d\u77fd\u8c37\u94f6\u884c\u7b49\u4e8b\u4ef6\u76f8\u7ee7\u51fa\u73b0\uff0c\u66f4\u7a81\u663e\u51fa\u66b4\u529b\u52a0\u606f\u5728\u5e94\u5bf9\u6b64\u8f6e\u901a\u80c0\u65b9\u9762\u5df2\u529b\u4e0d\u4ece\u5fc3\u3002 \u4ee4\u4eba\u987e\u8651\u7684\u662f\uff0c\u5728\u52a0\u606f\u653f\u7b56\u8fd8\u672a\u5b9e\u73b0\u7a33\u5b9a\u5e02\u573a\u7684\u65f6\u5019\uff0c\u5176\u526f\u4f5c\u7528\u5df2\u7ecf\u6084\u7136\u88ad\u6765\u3002\u51cf\u606f\u4fc3\u589e\u957f\uff0c\u52a0\u606f\u63a7\u901a\u80c0\uff0c\u8fd9\u4e00\u4f20\u7edf\u8d27\u5e01\u653f\u7b56\u5411\u6765\u5e7f\u88ab\u4e16\u754c\u5404\u56fd\u91c7\u7528\uff0c\u4e3a\u4f55\u8fd9\u6b21\u5728\u7f8e\u56fd\u5374\u770b\u4f3c\u4e0d\u7075\u4e86\uff1f \u4ea7\u4e1a\u94fe\u91cd\u6784\u6210\u672c\u5347 \u52a0\u606f\u96be\u594f\u6548 \u7b14\u8005\u8ba4\u4e3a\uff0c\u4e2a\u4e2d\u5173\u952e\u5728\u4e8e\u6b64\u6b21\u901a\u80c0\u7684\u6210\u56e0\u548c\u4ee5\u524d\u6709\u7740\u672c\u8d28\u7684\u4e0d\u540c\u3002\u9664\u4e86\u80fd\u6e90\u4ef7\u683c\u66b4\u6da8\u8fd9\u4e00\u8bf1\u56e0\uff0c\u6b64\u6b21\u901a\u80c0\u6df1\u53d7\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\u7684\u5f71\u54cd\u3002\u4e2d\u7f8e\u8d38\u6613\u6218\u3001\u4fc4\u4e4c\u6218\u4e89\uff0c\u4ee5\u53ca\u9006\u5168\u7403\u5316\u5bfc\u81f4\u4ea7\u4e1a\u94fe\u5e03\u5c40\u4e0d\u518d\u4ec5\u4ec5\u57fa\u4e8e\u7ecf\u6d4e\u6210\u672c\uff0c\u53cd\u800c\u504f\u91cd\u4e8e\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u3002\u8fd9\u5bfc\u81f4\u53d1\u8fbe\u56fd\u5bb6\u7684\u8fdb\u53e3\u4ea7\u54c1\u751f\u4ea7\u6210\u672c\u63d0\u9ad8\uff0c\u91c7\u8d2d\u4ef7\u683c\u81ea\u7136\u63d0\u9ad8\uff0c\u76f8\u5e94\u63a8\u9ad8\u901a\u8d27\u81a8\u80c0\u3002\u7531\u4e8e\u5f88\u591a\u751f\u6d3b\u7528\u54c1\u662f\u521a\u9700\u4ea7\u54c1\uff0c\u6291\u5236\u9700\u6c42\u7684\u7d27\u7f29\u653f\u7b56\u96be\u4ee5\u89e3\u51b3\u4f9b\u5e94\u94fe\u8c03\u6574\u5e26\u6765\u7684\u6210\u672c\u95ee\u9898\uff0c\u56e0\u6b64\u5f88\u96be\u594f\u6548\u3002 \u9996\u5148\uff0c\u5730\u7f18\u653f\u6cbb\u56e0\u7d20\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u7684\u5f71\u54cd\uff0c\u52a0\u901f\u4e86\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\uff0c\u63d0\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u8fd9\u5728\u4f17\u591a\u4ea7\u4e1a\u62a5\u544a\u4e2d\u90fd\u6709\u9610\u8ff0\u3002\u4e00\u65b9\u9762\u90e8\u5206\u53d1\u8fbe\u56fd\u5bb6\u547c\u5401\u5236\u9020\u4e1a\u56de\u6d41\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u5168\u7403\u4ea7\u4e1a\u94fe\u7684\u5206\u5e03\u6b63\u4ece\u8bb2\u7a76\u6548\u7387\u8f6c\u4e3a\u91cd\u89c6\u653f\u6cbb\u5b89\u5168\uff0c\u7ecf\u6d4e\u6548\u7387\u4e0d\u518d\u662f\u4ea7\u4e1a\u94fe\u5e03\u5c40\u3001\u8d38\u6613\u548c\u6295\u8d44\u7684\u552f\u4e00\u9a71\u52a8\u529b\u3002 \u4f53\u73b0\u5728\u8fdb\u53e3\u4e0a\uff0c\u4ece2018\u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u7206\u53d1\u81f32020\u5e74\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\u524d\u5915\uff0c\u7f8e\u56fd\u6574\u4f53\u8fdb\u53e3\u6c34\u5e73\u5448\u73b0\u4e0b\u964d\u8d8b\u52bf\uff0c\u4e14\u8fdb\u53e3\u6765\u6e90\u56fd\u51fa\u73b0\u663e\u7740\u8f6c\u79fb\u3002World Integrated Trade Solution\u7684\u8d44\u6599\u663e\u793a\uff0c\u4ece2018\u5e741\u6708\u81f32020\u5e741\u6708\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u603b\u503c\u4e0b\u964d18.83%\uff0c\u540c\u671f\u4ece\u8d8a\u5357\u3001\u67ec\u57d4\u5be8\u7684\u8fdb\u53e3\u603b\u503c\u5219\u6025\u5347\uff0c\u5347\u5e45\u5206\u522b\u4e3a62.28%\u548c73.6%\uff0c\u5176\u4e2d\u673a\u68b0\u548c\u7535\u5b50\u8bbe\u5907\u7684\u589e\u5e45\u5c24\u4e3a\u663e\u7740\u3002\u6b64\u5916\uff0c\u7f8e\u56fd\u4ece\u4e0a\u5c4a\u603b\u7edf\u7279\u6717\u666e\u5f00\u59cb\u63a8\u5c55\u7684\u672c\u5730\u751f\u4ea7\u8ba1\u5212\uff0c\u7531\u4e8e\u7f8e\u56fd\u4eba\u529b\u6210\u672c\u8f83\u9ad8\uff0c\u5176\u751f\u4ea7\u6210\u672c\u5fc5\u7136\u5927\u589e\uff1b\u52a0\u4e0a\u8fdb\u53e3\u6765\u6e90\u56fd\u7684\u8f6c\u79fb\uff0c\u4e3a\u7f8e\u56fd\u4ef7\u683c\u98d9\u5347\u57cb\u4e0b\u4f0f\u7b14\u3002 \u7b2c\u4e8c\uff0c\u4ea7\u4e1a\u94fe\u8c03\u6574\u548c\u8fdb\u53e3\u6765\u6e90\u5730\u7684\u6539\u53d8\uff0c\u63d0\u9ad8\u4e86\u8fdb\u53e3\u5546\u54c1\u4ef7\u683c\u3002\u6839\u636e\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u8d44\u6599\uff0c\u75ab\u60c5\u8086\u8650\u4ee5\u6765\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u6574\u4f53\u4ef7\u683c\u6307\u6570\u4ec5\u4e0a\u6da85.8%\uff0c\u5728\u5168\u7403\u8303\u56f4\u5185\u5c5e\u4f4e\u6c34\u5e73\uff0c\u4f46\u4ece\u4e1c\u5357\u4e9a\u56fd\u5bb6\u8054\u76df\u8fdb\u53e3\u7684\u5546\u54c1\u4ef7\u683c\u6307\u6570\u5219\u4e0a\u6da8\u4e867.2%\u3002\u7f8e\u56fd\u8fd9\u4e00\u5f03\u5ec9\u5c31\u8d35\u7684\u8fdb\u53e3\u6765\u6e90\u8f6c\u53d8\uff0c\u65e0\u7591\u63a8\u9ad8\u4e86\u4ea7\u54c1\u4ef7\u683c\u3002 \u6700\u540e\uff0c\u5728\u7ecf\u53862022\u5e74\u5f00\u59cb\u76848\u6b21\u52a0\u606f\u4e4b\u540e\uff0c\u7f8e\u56fd\u7684\u80fd\u6e90\u4ef7\u683c\u4e0a\u5347\u8d8b\u52bf\u5f97\u5230\u663e\u7740\u63a7\u5236\uff0c\u4ece\u6700\u9ad8\u70b9\u7684\u6708\u589e41.6%\uff082022\u5e746\u6708\uff09\u4e0b\u964d\u5230\u6708\u589e5.2%\uff082023\u5e742\u6708\uff09\u3002\u7136\u800c\uff0c\u98df\u54c1\u3001\u7535\u529b\u7b49\u5fc5\u9700\u54c1\u4ef7\u683c\u7684\u5347\u52bf\u867d\u7136\u5f97\u4ee5\u7f13\u548c\uff0c\u4f46\u8dcc\u52bf\u7f13\u6162\u3002\u7535\u529b\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u957f\u7387\u7531\u6700\u9ad8\u768415.8%\uff082022\u5e748\u6708\uff09\u4e0b\u964d\u523012.9%\uff082023\u5e742\u6708\uff09\u3002\u540c\u671f\u98df\u54c1\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u5e45\u7531\u6700\u9ad8\u768411.4%\u5fae\u964d\u81f39.5%\u3002\u4e0a\u8ff08\u6b21\u52a0\u606f\u5bf9\u80fd\u6e90\u4ee5\u5916\u7684\u5fc5\u9700\u54c1\u4ef7\u683c\u5f71\u54cd\u8f83\u5c0f\uff0c\u4e3b\u8981\u539f\u56e0\u6709\u4e24\u70b9\uff1a\u4e00\u65b9\u9762\uff0c\u4f9b\u5e94\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u751f\u4ea7\u6210\u672c\u4e0a\u5347\uff0c\u81ea\u7136\u63a8\u9ad8\u4ef7\u683c\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u8fd9\u4e9b\u5fc5\u9700\u54c1\u9700\u6c42\u5f39\u6027\u8f83\u5c0f\uff0c\u56e0\u6b64\u52a0\u606f\u65e0\u6cd5\u5927\u5e45\u964d\u4f4e\u5bf9\u8fd9\u4e9b\u5fc5\u9700\u54c1\u7684\u9700\u6c42\u3002 \u987b\u4ece\u6cbb\u672c\u5165\u624b \u7b14\u8005\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u81ea2021\u5e74\u5f00\u59cb\u7684\u9ad8\u901a\u8d27\u81a8\u80c0\u6709\u522b\u4e8e\u4ece\u524d\uff0c\u4e3b\u8981\u5728\u4e8e\u9006\u5168\u7403\u5316\u53ca\u5168\u7403\u4ea7\u4e1a\u94fe\u56e0\u5730\u7f18\u653f\u6cbb\u7684\u8f6c\u79fb\u63a8\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u5168\u7403\u5316\u5e03\u5c40\u6614\u65e5\u4ee5\u7ecf\u6d4e\u56e0\u7d20\u4e3a\u4e3b\u8981\u8003\u91cf\u7684\u4f9b\u5e94\u94fe\u4f53\u7cfb\uff0c\u5411\u66f4\u591a\u8003\u8651\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u7684\u5168\u65b0\u4f9b\u5e94\u94fe\u4f53\u7cfb\u8f6c\u5316\uff0c\u8fc7\u7a0b\u4e2d\u96be\u514d\u5bfc\u81f4\u4ef7\u683c\u4e0a\u5347\uff0c\u4f4e\u9700\u6c42\u5f39\u6027\u7684\u5fc5\u9700\u54c1\u5c24\u5176\u5982\u6b64\u3002\u8fd9\u4e5f\u80fd\u89e3\u91ca\u4e3a\u4f55\u6b64\u8f6e\u901a\u80c0\u5982\u6b64\u8fc5\u731b\uff0c\u903c\u5f97\u8054\u50a8\u5c40\u8fde\u756a\u52a0\u606f\uff0c\u4f46\u6548\u679c\u5374\u4e0d\u5982\u9884\u671f\u3002 \u603b\u4f53\u6765\u770b\uff0c\u8054\u50a8\u5c402022\u5e74\u4ee5\u6765\u91cd\u62f3\u52a0\u606f\u4ee5\u904f\u6291\u901a\u80c0\u7684\u653f\u7b56\uff0c\u7a0d\u6709\u523b\u821f\u6c42\u5251\u4e4b\u5acc\u3002\u4e0d\u4ec5\u65e0\u6cd5\u89e3\u51b3\u5168\u7403\u4f9b\u5e94\u94fe\u8f6c\u79fb\u6240\u5f15\u53d1\u7684\u6210\u672c\u589e\u52a0\u95ee\u9898\uff0c\u53cd\u800c\u53ef\u80fd\u5236\u9020\u8bf8\u5982\u77fd\u8c37\u94f6\u884c\u4e4b\u7c7b\u7684\u5371\u673a\u3002 \u5f53\u5c40\u5e94\u5934\u75db\u533b\u5934\uff0c\u4e14\u987b\u5bf9\u75c7\u4e0b\u836f\uff0c\u6b63\u672c\u6e05\u6e90\uff0c\u4ece\u751f\u4ea7\u6210\u672c\u7740\u624b\uff0c\u8bbe\u6cd5\u89e3\u51b3\u56e0\u4e3a\u5168\u7403\u4ea7\u4e1a\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u6210\u672c\u4e0a\u5347\u95ee\u9898\uff0c\u81f4\u529b\u4e8e\u5728\u65b0\u7684\u4ea7\u4e1a\u94fe\u964d\u4f4e\u6210\u672c\uff0c\u6216\u5bfb\u6c42\u6784\u5efa\u66f4\u5177\u7ecf\u6d4e\u6548\u76ca\u7684\u4ea7\u4e1a\u94fe\u4f53\u7cfb\u3002 \u674e\u6676\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u5de5\u5546\u7ba1\u7406\u5b66\u5b66\u58eb\uff08\u56fd\u9645\u5546\u4e1a\u53ca\u73af\u7403\u7ba1\u7406\uff09\u8bfe\u7a0b\u526f\u603b\u76d1 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e09\u6708\u4e8c\u5341\u4e8c\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"google-site-verification\" content=\"google-site-verification=MjdkluDgHpNk2vz5slbwER2Gusw2rUDQuVULMERWzLo\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"HKU Business School -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d - HKU Business School\" \/>\n\t\t<meta property=\"og:description\" content=\"3\u670810\u65e5\uff0c\u4f5c\u4e3a\u7f8e\u56fd\u5728\u521b\u79d1\u9886\u57df\u6700\u91cd\u8981\u7684\u94f6\u884c\uff0c\u77fd\u8c37\u94f6\u884c\u572848\u5c0f\u65f6\u5185\u7a81\u7136\u5ba3\u5e03\u7834\u4ea7\uff0c\u65e0\u7591\u662f\u8fd1\u5e74\u6765\u9707\u64bc\u5168\u7403\u7684\u91d1\u878d\u4e8b\u4ef6\u3002\u867d\u7136\u56e0\u4e3a\u7f8e\u56fd\u8054\u90a6\u518d\u4fdd\u9669\u516c\u53f8\u5feb\u901f\u4ecb\u5165\u548c\u7f8e\u56fd\u653f\u5e9c\u6258\u5e95\uff0c\u907f\u514d\u4e86\u5371\u673a\u5411\u5176\u4ed6\u91d1\u878d\u673a\u6784\u548c\u5b9e\u4f53\u7ecf\u6d4e\u5927\u89c4\u6a21\u8513\u5ef6\uff0c\u4f46\u5df2\u53cd\u6620\u51fa\u8054\u90a6\u50a8\u5907\u5c40\uff08\u8054\u50a8\u5c40\uff09\u81ea2022\u5e74\u4ee5\u6765\u591a\u8f6e\u52a0\u606f\u5bf9\u91d1\u878d\u548c\u7ecf\u6d4e\u5e26\u6765\u7684\u5de8\u5927\u51b2\u51fb\u3002 \u4e8b\u5b9e\u4e0a\uff0c\u8054\u50a8\u5c40\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u57283\u67087\u65e5\u56fd\u4f1a\u542c\u8bc1\u4f1a\u4e0a\u900f\u9732\uff0c\u5c06\u6301\u7eed\u52a0\u606f\u5bf9\u6297\u901a\u80c0\uff0c\u65e0\u7591\u6210\u4e3a\u77fd\u8c37\u94f6\u884c\u7206\u96f7\u7684\u5bfc\u706b\u7ebf\u3002 \u65e0\u72ec\u6709\u5076\uff0c\u968f\u540e\u7b2c\u4e00\u5171\u548c\u94f6\u884c\u7684\u80a1\u4ef7\u57285\u5929\u5185\u66b4\u8dcc\u8d85\u8fc770%\uff0cSignature Bank\u548cSilvergate Bank\u5ba3\u5e03\u505c\u4e1a\uff0c\u90fd\u4e0e\u8054\u50a8\u5c40\u53bb\u5e74\u81f3\u4eca\u6781\u4e3a\u4e25\u5389\u7684\u7d27\u7f29\u653f\u7b56\u5bc6\u5207\u76f8\u5173\u3002\u5176\u540e\uff0c\u745e\u58eb\u91d1\u878d\u5de8\u5934\u745e\u58eb\u4fe1\u8d37\u96c6\u56e2\u4e5f\u7206\u51fa\u5371\u673a\uff0c\u5e02\u573a\u96be\u514d\u62c5\u5fe7\u7f8e\u56fd\u94f6\u884c\u4e1a\u7684\u5371\u673a\u751a\u81f3\u6709\u5411\u6b27\u6d32\u8513\u5ef6\u7684\u8d8b\u52bf\u3002 \u65e7\u74f6\u65b0\u9152\u65e0\u6d4e\u4e8e\u4e8b \u8054\u50a8\u5c40\u8fd9\u4e00\u5e74\u6765\u63a5\u4e8c\u8fde\u4e09\u7684\u52a0\u606f\u63aa\u65bd\uff0c\u6e90\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u4ece2021\u5e74\u4ee5\u6765\u9762\u4e34\u7684\u6301\u7eed\u9ad8\u901a\u80c0\u30022020\u5e74\u521d\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\uff0c\u5168\u7403\u7ecf\u6d4e\u9762\u4e34\u91cd\u521b\u3002\u4e3a\u4e86\u7a33\u5b9a\u7ecf\u6d4e\u3001\u523a\u6fc0\u53d1\u5c55\uff0c\u8054\u50a8\u5c40\u4e8e\u540c\u5e743\u6708\u8fde\u7eed\u4e24\u6b21\u5927\u5e45\u4e0b\u8c03\u57fa\u51c6\u5229\u7387\uff0c\u4f7f\u5f97\u5229\u7387\u533a\u95f4\u63a5\u8fd1\u96f6\u3002\u7136\u800c\uff0c\u968f\u7740\u75ab\u60c5\u9010\u6b65\u8d8b\u7a33\uff0c\u9ad8\u901a\u80c0\u8f6c\u800c\u6210\u4e3a\u7f8e\u56fd\u7ecf\u6d4e\u7684\u4e3b\u65cb\u5f8b\u30022022\u5e74\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u6da8\u5e45\u6700\u9ad8\u8fbe\u52309.1%\uff0c\u521b\u4e0b\u8fd140\u5e74\u5185\u5386\u53f2\u65b0\u9ad8\u3002 \u5728\u9ad8\u901a\u80c0\u7684\u538b\u529b\u4e0b\uff0c\u8054\u50a8\u5c40\u4e8e2022\u5e74\u5e74\u521d\u5f00\u59cb\u8fde\u7eed8\u6b21\u4e0a\u8c03\u57fa\u51c6\u5229\u7387\u3002\u622a\u81f32023\u5e742\u6708\uff0c\u5229\u7387\u533a\u95f4\u4ece\u63a5\u8fd1\u96f6\u98d9\u5347\u81f34.5%\u4e0e4.75%\u4e4b\u95f4\u3002\u5728\u4e00\u8fde\u4e32\u52a0\u606f\u731b\u836f\u7684\u4f5c\u7528\u4e0b\uff0c\u901a\u8d27\u81a8\u80c0\u7684\u589e\u901f\u867d\u7136\u6709\u6240\u7f13\u548c\uff0c\u4f46\u6574\u4f53\u6c34\u5e73\u4ecd\u7136\u5c45\u9ad8\u4e0d\u4e0b\u3002\u622a\u81f32022\u5e7412\u6708\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u589e\u52a06.5%\uff0c\u4ecd\u7136\u663e\u7740\u9ad8\u4e8e\u8054\u50a8\u5c40\u8bbe\u5b9a\u76842%\u957f\u671f\u901a\u80c0\u76ee\u6807\u3002\u672c\u6708\u4e2d\u77fd\u8c37\u94f6\u884c\u7b49\u4e8b\u4ef6\u76f8\u7ee7\u51fa\u73b0\uff0c\u66f4\u7a81\u663e\u51fa\u66b4\u529b\u52a0\u606f\u5728\u5e94\u5bf9\u6b64\u8f6e\u901a\u80c0\u65b9\u9762\u5df2\u529b\u4e0d\u4ece\u5fc3\u3002 \u4ee4\u4eba\u987e\u8651\u7684\u662f\uff0c\u5728\u52a0\u606f\u653f\u7b56\u8fd8\u672a\u5b9e\u73b0\u7a33\u5b9a\u5e02\u573a\u7684\u65f6\u5019\uff0c\u5176\u526f\u4f5c\u7528\u5df2\u7ecf\u6084\u7136\u88ad\u6765\u3002\u51cf\u606f\u4fc3\u589e\u957f\uff0c\u52a0\u606f\u63a7\u901a\u80c0\uff0c\u8fd9\u4e00\u4f20\u7edf\u8d27\u5e01\u653f\u7b56\u5411\u6765\u5e7f\u88ab\u4e16\u754c\u5404\u56fd\u91c7\u7528\uff0c\u4e3a\u4f55\u8fd9\u6b21\u5728\u7f8e\u56fd\u5374\u770b\u4f3c\u4e0d\u7075\u4e86\uff1f \u4ea7\u4e1a\u94fe\u91cd\u6784\u6210\u672c\u5347 \u52a0\u606f\u96be\u594f\u6548 \u7b14\u8005\u8ba4\u4e3a\uff0c\u4e2a\u4e2d\u5173\u952e\u5728\u4e8e\u6b64\u6b21\u901a\u80c0\u7684\u6210\u56e0\u548c\u4ee5\u524d\u6709\u7740\u672c\u8d28\u7684\u4e0d\u540c\u3002\u9664\u4e86\u80fd\u6e90\u4ef7\u683c\u66b4\u6da8\u8fd9\u4e00\u8bf1\u56e0\uff0c\u6b64\u6b21\u901a\u80c0\u6df1\u53d7\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\u7684\u5f71\u54cd\u3002\u4e2d\u7f8e\u8d38\u6613\u6218\u3001\u4fc4\u4e4c\u6218\u4e89\uff0c\u4ee5\u53ca\u9006\u5168\u7403\u5316\u5bfc\u81f4\u4ea7\u4e1a\u94fe\u5e03\u5c40\u4e0d\u518d\u4ec5\u4ec5\u57fa\u4e8e\u7ecf\u6d4e\u6210\u672c\uff0c\u53cd\u800c\u504f\u91cd\u4e8e\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u3002\u8fd9\u5bfc\u81f4\u53d1\u8fbe\u56fd\u5bb6\u7684\u8fdb\u53e3\u4ea7\u54c1\u751f\u4ea7\u6210\u672c\u63d0\u9ad8\uff0c\u91c7\u8d2d\u4ef7\u683c\u81ea\u7136\u63d0\u9ad8\uff0c\u76f8\u5e94\u63a8\u9ad8\u901a\u8d27\u81a8\u80c0\u3002\u7531\u4e8e\u5f88\u591a\u751f\u6d3b\u7528\u54c1\u662f\u521a\u9700\u4ea7\u54c1\uff0c\u6291\u5236\u9700\u6c42\u7684\u7d27\u7f29\u653f\u7b56\u96be\u4ee5\u89e3\u51b3\u4f9b\u5e94\u94fe\u8c03\u6574\u5e26\u6765\u7684\u6210\u672c\u95ee\u9898\uff0c\u56e0\u6b64\u5f88\u96be\u594f\u6548\u3002 \u9996\u5148\uff0c\u5730\u7f18\u653f\u6cbb\u56e0\u7d20\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u7684\u5f71\u54cd\uff0c\u52a0\u901f\u4e86\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\uff0c\u63d0\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u8fd9\u5728\u4f17\u591a\u4ea7\u4e1a\u62a5\u544a\u4e2d\u90fd\u6709\u9610\u8ff0\u3002\u4e00\u65b9\u9762\u90e8\u5206\u53d1\u8fbe\u56fd\u5bb6\u547c\u5401\u5236\u9020\u4e1a\u56de\u6d41\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u5168\u7403\u4ea7\u4e1a\u94fe\u7684\u5206\u5e03\u6b63\u4ece\u8bb2\u7a76\u6548\u7387\u8f6c\u4e3a\u91cd\u89c6\u653f\u6cbb\u5b89\u5168\uff0c\u7ecf\u6d4e\u6548\u7387\u4e0d\u518d\u662f\u4ea7\u4e1a\u94fe\u5e03\u5c40\u3001\u8d38\u6613\u548c\u6295\u8d44\u7684\u552f\u4e00\u9a71\u52a8\u529b\u3002 \u4f53\u73b0\u5728\u8fdb\u53e3\u4e0a\uff0c\u4ece2018\u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u7206\u53d1\u81f32020\u5e74\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\u524d\u5915\uff0c\u7f8e\u56fd\u6574\u4f53\u8fdb\u53e3\u6c34\u5e73\u5448\u73b0\u4e0b\u964d\u8d8b\u52bf\uff0c\u4e14\u8fdb\u53e3\u6765\u6e90\u56fd\u51fa\u73b0\u663e\u7740\u8f6c\u79fb\u3002World Integrated Trade Solution\u7684\u8d44\u6599\u663e\u793a\uff0c\u4ece2018\u5e741\u6708\u81f32020\u5e741\u6708\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u603b\u503c\u4e0b\u964d18.83%\uff0c\u540c\u671f\u4ece\u8d8a\u5357\u3001\u67ec\u57d4\u5be8\u7684\u8fdb\u53e3\u603b\u503c\u5219\u6025\u5347\uff0c\u5347\u5e45\u5206\u522b\u4e3a62.28%\u548c73.6%\uff0c\u5176\u4e2d\u673a\u68b0\u548c\u7535\u5b50\u8bbe\u5907\u7684\u589e\u5e45\u5c24\u4e3a\u663e\u7740\u3002\u6b64\u5916\uff0c\u7f8e\u56fd\u4ece\u4e0a\u5c4a\u603b\u7edf\u7279\u6717\u666e\u5f00\u59cb\u63a8\u5c55\u7684\u672c\u5730\u751f\u4ea7\u8ba1\u5212\uff0c\u7531\u4e8e\u7f8e\u56fd\u4eba\u529b\u6210\u672c\u8f83\u9ad8\uff0c\u5176\u751f\u4ea7\u6210\u672c\u5fc5\u7136\u5927\u589e\uff1b\u52a0\u4e0a\u8fdb\u53e3\u6765\u6e90\u56fd\u7684\u8f6c\u79fb\uff0c\u4e3a\u7f8e\u56fd\u4ef7\u683c\u98d9\u5347\u57cb\u4e0b\u4f0f\u7b14\u3002 \u7b2c\u4e8c\uff0c\u4ea7\u4e1a\u94fe\u8c03\u6574\u548c\u8fdb\u53e3\u6765\u6e90\u5730\u7684\u6539\u53d8\uff0c\u63d0\u9ad8\u4e86\u8fdb\u53e3\u5546\u54c1\u4ef7\u683c\u3002\u6839\u636e\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u8d44\u6599\uff0c\u75ab\u60c5\u8086\u8650\u4ee5\u6765\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u6574\u4f53\u4ef7\u683c\u6307\u6570\u4ec5\u4e0a\u6da85.8%\uff0c\u5728\u5168\u7403\u8303\u56f4\u5185\u5c5e\u4f4e\u6c34\u5e73\uff0c\u4f46\u4ece\u4e1c\u5357\u4e9a\u56fd\u5bb6\u8054\u76df\u8fdb\u53e3\u7684\u5546\u54c1\u4ef7\u683c\u6307\u6570\u5219\u4e0a\u6da8\u4e867.2%\u3002\u7f8e\u56fd\u8fd9\u4e00\u5f03\u5ec9\u5c31\u8d35\u7684\u8fdb\u53e3\u6765\u6e90\u8f6c\u53d8\uff0c\u65e0\u7591\u63a8\u9ad8\u4e86\u4ea7\u54c1\u4ef7\u683c\u3002 \u6700\u540e\uff0c\u5728\u7ecf\u53862022\u5e74\u5f00\u59cb\u76848\u6b21\u52a0\u606f\u4e4b\u540e\uff0c\u7f8e\u56fd\u7684\u80fd\u6e90\u4ef7\u683c\u4e0a\u5347\u8d8b\u52bf\u5f97\u5230\u663e\u7740\u63a7\u5236\uff0c\u4ece\u6700\u9ad8\u70b9\u7684\u6708\u589e41.6%\uff082022\u5e746\u6708\uff09\u4e0b\u964d\u5230\u6708\u589e5.2%\uff082023\u5e742\u6708\uff09\u3002\u7136\u800c\uff0c\u98df\u54c1\u3001\u7535\u529b\u7b49\u5fc5\u9700\u54c1\u4ef7\u683c\u7684\u5347\u52bf\u867d\u7136\u5f97\u4ee5\u7f13\u548c\uff0c\u4f46\u8dcc\u52bf\u7f13\u6162\u3002\u7535\u529b\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u957f\u7387\u7531\u6700\u9ad8\u768415.8%\uff082022\u5e748\u6708\uff09\u4e0b\u964d\u523012.9%\uff082023\u5e742\u6708\uff09\u3002\u540c\u671f\u98df\u54c1\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u5e45\u7531\u6700\u9ad8\u768411.4%\u5fae\u964d\u81f39.5%\u3002\u4e0a\u8ff08\u6b21\u52a0\u606f\u5bf9\u80fd\u6e90\u4ee5\u5916\u7684\u5fc5\u9700\u54c1\u4ef7\u683c\u5f71\u54cd\u8f83\u5c0f\uff0c\u4e3b\u8981\u539f\u56e0\u6709\u4e24\u70b9\uff1a\u4e00\u65b9\u9762\uff0c\u4f9b\u5e94\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u751f\u4ea7\u6210\u672c\u4e0a\u5347\uff0c\u81ea\u7136\u63a8\u9ad8\u4ef7\u683c\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u8fd9\u4e9b\u5fc5\u9700\u54c1\u9700\u6c42\u5f39\u6027\u8f83\u5c0f\uff0c\u56e0\u6b64\u52a0\u606f\u65e0\u6cd5\u5927\u5e45\u964d\u4f4e\u5bf9\u8fd9\u4e9b\u5fc5\u9700\u54c1\u7684\u9700\u6c42\u3002 \u987b\u4ece\u6cbb\u672c\u5165\u624b \u7b14\u8005\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u81ea2021\u5e74\u5f00\u59cb\u7684\u9ad8\u901a\u8d27\u81a8\u80c0\u6709\u522b\u4e8e\u4ece\u524d\uff0c\u4e3b\u8981\u5728\u4e8e\u9006\u5168\u7403\u5316\u53ca\u5168\u7403\u4ea7\u4e1a\u94fe\u56e0\u5730\u7f18\u653f\u6cbb\u7684\u8f6c\u79fb\u63a8\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u5168\u7403\u5316\u5e03\u5c40\u6614\u65e5\u4ee5\u7ecf\u6d4e\u56e0\u7d20\u4e3a\u4e3b\u8981\u8003\u91cf\u7684\u4f9b\u5e94\u94fe\u4f53\u7cfb\uff0c\u5411\u66f4\u591a\u8003\u8651\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u7684\u5168\u65b0\u4f9b\u5e94\u94fe\u4f53\u7cfb\u8f6c\u5316\uff0c\u8fc7\u7a0b\u4e2d\u96be\u514d\u5bfc\u81f4\u4ef7\u683c\u4e0a\u5347\uff0c\u4f4e\u9700\u6c42\u5f39\u6027\u7684\u5fc5\u9700\u54c1\u5c24\u5176\u5982\u6b64\u3002\u8fd9\u4e5f\u80fd\u89e3\u91ca\u4e3a\u4f55\u6b64\u8f6e\u901a\u80c0\u5982\u6b64\u8fc5\u731b\uff0c\u903c\u5f97\u8054\u50a8\u5c40\u8fde\u756a\u52a0\u606f\uff0c\u4f46\u6548\u679c\u5374\u4e0d\u5982\u9884\u671f\u3002 \u603b\u4f53\u6765\u770b\uff0c\u8054\u50a8\u5c402022\u5e74\u4ee5\u6765\u91cd\u62f3\u52a0\u606f\u4ee5\u904f\u6291\u901a\u80c0\u7684\u653f\u7b56\uff0c\u7a0d\u6709\u523b\u821f\u6c42\u5251\u4e4b\u5acc\u3002\u4e0d\u4ec5\u65e0\u6cd5\u89e3\u51b3\u5168\u7403\u4f9b\u5e94\u94fe\u8f6c\u79fb\u6240\u5f15\u53d1\u7684\u6210\u672c\u589e\u52a0\u95ee\u9898\uff0c\u53cd\u800c\u53ef\u80fd\u5236\u9020\u8bf8\u5982\u77fd\u8c37\u94f6\u884c\u4e4b\u7c7b\u7684\u5371\u673a\u3002 \u5f53\u5c40\u5e94\u5934\u75db\u533b\u5934\uff0c\u4e14\u987b\u5bf9\u75c7\u4e0b\u836f\uff0c\u6b63\u672c\u6e05\u6e90\uff0c\u4ece\u751f\u4ea7\u6210\u672c\u7740\u624b\uff0c\u8bbe\u6cd5\u89e3\u51b3\u56e0\u4e3a\u5168\u7403\u4ea7\u4e1a\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u6210\u672c\u4e0a\u5347\u95ee\u9898\uff0c\u81f4\u529b\u4e8e\u5728\u65b0\u7684\u4ea7\u4e1a\u94fe\u964d\u4f4e\u6210\u672c\uff0c\u6216\u5bfb\u6c42\u6784\u5efa\u66f4\u5177\u7ecf\u6d4e\u6548\u76ca\u7684\u4ea7\u4e1a\u94fe\u4f53\u7cfb\u3002 \u674e\u6676\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u5de5\u5546\u7ba1\u7406\u5b66\u5b66\u58eb\uff08\u56fd\u9645\u5546\u4e1a\u53ca\u73af\u7403\u7ba1\u7406\uff09\u8bfe\u7a0b\u526f\u603b\u76d1 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e09\u6708\u4e8c\u5341\u4e8c\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2023-03-23T01:18:34+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2023-03-23T01:22:14+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d - HKU Business School\" \/>\n\t\t<meta name=\"twitter:description\" content=\"3\u670810\u65e5\uff0c\u4f5c\u4e3a\u7f8e\u56fd\u5728\u521b\u79d1\u9886\u57df\u6700\u91cd\u8981\u7684\u94f6\u884c\uff0c\u77fd\u8c37\u94f6\u884c\u572848\u5c0f\u65f6\u5185\u7a81\u7136\u5ba3\u5e03\u7834\u4ea7\uff0c\u65e0\u7591\u662f\u8fd1\u5e74\u6765\u9707\u64bc\u5168\u7403\u7684\u91d1\u878d\u4e8b\u4ef6\u3002\u867d\u7136\u56e0\u4e3a\u7f8e\u56fd\u8054\u90a6\u518d\u4fdd\u9669\u516c\u53f8\u5feb\u901f\u4ecb\u5165\u548c\u7f8e\u56fd\u653f\u5e9c\u6258\u5e95\uff0c\u907f\u514d\u4e86\u5371\u673a\u5411\u5176\u4ed6\u91d1\u878d\u673a\u6784\u548c\u5b9e\u4f53\u7ecf\u6d4e\u5927\u89c4\u6a21\u8513\u5ef6\uff0c\u4f46\u5df2\u53cd\u6620\u51fa\u8054\u90a6\u50a8\u5907\u5c40\uff08\u8054\u50a8\u5c40\uff09\u81ea2022\u5e74\u4ee5\u6765\u591a\u8f6e\u52a0\u606f\u5bf9\u91d1\u878d\u548c\u7ecf\u6d4e\u5e26\u6765\u7684\u5de8\u5927\u51b2\u51fb\u3002 \u4e8b\u5b9e\u4e0a\uff0c\u8054\u50a8\u5c40\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u57283\u67087\u65e5\u56fd\u4f1a\u542c\u8bc1\u4f1a\u4e0a\u900f\u9732\uff0c\u5c06\u6301\u7eed\u52a0\u606f\u5bf9\u6297\u901a\u80c0\uff0c\u65e0\u7591\u6210\u4e3a\u77fd\u8c37\u94f6\u884c\u7206\u96f7\u7684\u5bfc\u706b\u7ebf\u3002 \u65e0\u72ec\u6709\u5076\uff0c\u968f\u540e\u7b2c\u4e00\u5171\u548c\u94f6\u884c\u7684\u80a1\u4ef7\u57285\u5929\u5185\u66b4\u8dcc\u8d85\u8fc770%\uff0cSignature Bank\u548cSilvergate Bank\u5ba3\u5e03\u505c\u4e1a\uff0c\u90fd\u4e0e\u8054\u50a8\u5c40\u53bb\u5e74\u81f3\u4eca\u6781\u4e3a\u4e25\u5389\u7684\u7d27\u7f29\u653f\u7b56\u5bc6\u5207\u76f8\u5173\u3002\u5176\u540e\uff0c\u745e\u58eb\u91d1\u878d\u5de8\u5934\u745e\u58eb\u4fe1\u8d37\u96c6\u56e2\u4e5f\u7206\u51fa\u5371\u673a\uff0c\u5e02\u573a\u96be\u514d\u62c5\u5fe7\u7f8e\u56fd\u94f6\u884c\u4e1a\u7684\u5371\u673a\u751a\u81f3\u6709\u5411\u6b27\u6d32\u8513\u5ef6\u7684\u8d8b\u52bf\u3002 \u65e7\u74f6\u65b0\u9152\u65e0\u6d4e\u4e8e\u4e8b \u8054\u50a8\u5c40\u8fd9\u4e00\u5e74\u6765\u63a5\u4e8c\u8fde\u4e09\u7684\u52a0\u606f\u63aa\u65bd\uff0c\u6e90\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u4ece2021\u5e74\u4ee5\u6765\u9762\u4e34\u7684\u6301\u7eed\u9ad8\u901a\u80c0\u30022020\u5e74\u521d\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\uff0c\u5168\u7403\u7ecf\u6d4e\u9762\u4e34\u91cd\u521b\u3002\u4e3a\u4e86\u7a33\u5b9a\u7ecf\u6d4e\u3001\u523a\u6fc0\u53d1\u5c55\uff0c\u8054\u50a8\u5c40\u4e8e\u540c\u5e743\u6708\u8fde\u7eed\u4e24\u6b21\u5927\u5e45\u4e0b\u8c03\u57fa\u51c6\u5229\u7387\uff0c\u4f7f\u5f97\u5229\u7387\u533a\u95f4\u63a5\u8fd1\u96f6\u3002\u7136\u800c\uff0c\u968f\u7740\u75ab\u60c5\u9010\u6b65\u8d8b\u7a33\uff0c\u9ad8\u901a\u80c0\u8f6c\u800c\u6210\u4e3a\u7f8e\u56fd\u7ecf\u6d4e\u7684\u4e3b\u65cb\u5f8b\u30022022\u5e74\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u6da8\u5e45\u6700\u9ad8\u8fbe\u52309.1%\uff0c\u521b\u4e0b\u8fd140\u5e74\u5185\u5386\u53f2\u65b0\u9ad8\u3002 \u5728\u9ad8\u901a\u80c0\u7684\u538b\u529b\u4e0b\uff0c\u8054\u50a8\u5c40\u4e8e2022\u5e74\u5e74\u521d\u5f00\u59cb\u8fde\u7eed8\u6b21\u4e0a\u8c03\u57fa\u51c6\u5229\u7387\u3002\u622a\u81f32023\u5e742\u6708\uff0c\u5229\u7387\u533a\u95f4\u4ece\u63a5\u8fd1\u96f6\u98d9\u5347\u81f34.5%\u4e0e4.75%\u4e4b\u95f4\u3002\u5728\u4e00\u8fde\u4e32\u52a0\u606f\u731b\u836f\u7684\u4f5c\u7528\u4e0b\uff0c\u901a\u8d27\u81a8\u80c0\u7684\u589e\u901f\u867d\u7136\u6709\u6240\u7f13\u548c\uff0c\u4f46\u6574\u4f53\u6c34\u5e73\u4ecd\u7136\u5c45\u9ad8\u4e0d\u4e0b\u3002\u622a\u81f32022\u5e7412\u6708\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u589e\u52a06.5%\uff0c\u4ecd\u7136\u663e\u7740\u9ad8\u4e8e\u8054\u50a8\u5c40\u8bbe\u5b9a\u76842%\u957f\u671f\u901a\u80c0\u76ee\u6807\u3002\u672c\u6708\u4e2d\u77fd\u8c37\u94f6\u884c\u7b49\u4e8b\u4ef6\u76f8\u7ee7\u51fa\u73b0\uff0c\u66f4\u7a81\u663e\u51fa\u66b4\u529b\u52a0\u606f\u5728\u5e94\u5bf9\u6b64\u8f6e\u901a\u80c0\u65b9\u9762\u5df2\u529b\u4e0d\u4ece\u5fc3\u3002 \u4ee4\u4eba\u987e\u8651\u7684\u662f\uff0c\u5728\u52a0\u606f\u653f\u7b56\u8fd8\u672a\u5b9e\u73b0\u7a33\u5b9a\u5e02\u573a\u7684\u65f6\u5019\uff0c\u5176\u526f\u4f5c\u7528\u5df2\u7ecf\u6084\u7136\u88ad\u6765\u3002\u51cf\u606f\u4fc3\u589e\u957f\uff0c\u52a0\u606f\u63a7\u901a\u80c0\uff0c\u8fd9\u4e00\u4f20\u7edf\u8d27\u5e01\u653f\u7b56\u5411\u6765\u5e7f\u88ab\u4e16\u754c\u5404\u56fd\u91c7\u7528\uff0c\u4e3a\u4f55\u8fd9\u6b21\u5728\u7f8e\u56fd\u5374\u770b\u4f3c\u4e0d\u7075\u4e86\uff1f \u4ea7\u4e1a\u94fe\u91cd\u6784\u6210\u672c\u5347 \u52a0\u606f\u96be\u594f\u6548 \u7b14\u8005\u8ba4\u4e3a\uff0c\u4e2a\u4e2d\u5173\u952e\u5728\u4e8e\u6b64\u6b21\u901a\u80c0\u7684\u6210\u56e0\u548c\u4ee5\u524d\u6709\u7740\u672c\u8d28\u7684\u4e0d\u540c\u3002\u9664\u4e86\u80fd\u6e90\u4ef7\u683c\u66b4\u6da8\u8fd9\u4e00\u8bf1\u56e0\uff0c\u6b64\u6b21\u901a\u80c0\u6df1\u53d7\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\u7684\u5f71\u54cd\u3002\u4e2d\u7f8e\u8d38\u6613\u6218\u3001\u4fc4\u4e4c\u6218\u4e89\uff0c\u4ee5\u53ca\u9006\u5168\u7403\u5316\u5bfc\u81f4\u4ea7\u4e1a\u94fe\u5e03\u5c40\u4e0d\u518d\u4ec5\u4ec5\u57fa\u4e8e\u7ecf\u6d4e\u6210\u672c\uff0c\u53cd\u800c\u504f\u91cd\u4e8e\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u3002\u8fd9\u5bfc\u81f4\u53d1\u8fbe\u56fd\u5bb6\u7684\u8fdb\u53e3\u4ea7\u54c1\u751f\u4ea7\u6210\u672c\u63d0\u9ad8\uff0c\u91c7\u8d2d\u4ef7\u683c\u81ea\u7136\u63d0\u9ad8\uff0c\u76f8\u5e94\u63a8\u9ad8\u901a\u8d27\u81a8\u80c0\u3002\u7531\u4e8e\u5f88\u591a\u751f\u6d3b\u7528\u54c1\u662f\u521a\u9700\u4ea7\u54c1\uff0c\u6291\u5236\u9700\u6c42\u7684\u7d27\u7f29\u653f\u7b56\u96be\u4ee5\u89e3\u51b3\u4f9b\u5e94\u94fe\u8c03\u6574\u5e26\u6765\u7684\u6210\u672c\u95ee\u9898\uff0c\u56e0\u6b64\u5f88\u96be\u594f\u6548\u3002 \u9996\u5148\uff0c\u5730\u7f18\u653f\u6cbb\u56e0\u7d20\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u7684\u5f71\u54cd\uff0c\u52a0\u901f\u4e86\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\uff0c\u63d0\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u8fd9\u5728\u4f17\u591a\u4ea7\u4e1a\u62a5\u544a\u4e2d\u90fd\u6709\u9610\u8ff0\u3002\u4e00\u65b9\u9762\u90e8\u5206\u53d1\u8fbe\u56fd\u5bb6\u547c\u5401\u5236\u9020\u4e1a\u56de\u6d41\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u5168\u7403\u4ea7\u4e1a\u94fe\u7684\u5206\u5e03\u6b63\u4ece\u8bb2\u7a76\u6548\u7387\u8f6c\u4e3a\u91cd\u89c6\u653f\u6cbb\u5b89\u5168\uff0c\u7ecf\u6d4e\u6548\u7387\u4e0d\u518d\u662f\u4ea7\u4e1a\u94fe\u5e03\u5c40\u3001\u8d38\u6613\u548c\u6295\u8d44\u7684\u552f\u4e00\u9a71\u52a8\u529b\u3002 \u4f53\u73b0\u5728\u8fdb\u53e3\u4e0a\uff0c\u4ece2018\u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u7206\u53d1\u81f32020\u5e74\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\u524d\u5915\uff0c\u7f8e\u56fd\u6574\u4f53\u8fdb\u53e3\u6c34\u5e73\u5448\u73b0\u4e0b\u964d\u8d8b\u52bf\uff0c\u4e14\u8fdb\u53e3\u6765\u6e90\u56fd\u51fa\u73b0\u663e\u7740\u8f6c\u79fb\u3002World Integrated Trade Solution\u7684\u8d44\u6599\u663e\u793a\uff0c\u4ece2018\u5e741\u6708\u81f32020\u5e741\u6708\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u603b\u503c\u4e0b\u964d18.83%\uff0c\u540c\u671f\u4ece\u8d8a\u5357\u3001\u67ec\u57d4\u5be8\u7684\u8fdb\u53e3\u603b\u503c\u5219\u6025\u5347\uff0c\u5347\u5e45\u5206\u522b\u4e3a62.28%\u548c73.6%\uff0c\u5176\u4e2d\u673a\u68b0\u548c\u7535\u5b50\u8bbe\u5907\u7684\u589e\u5e45\u5c24\u4e3a\u663e\u7740\u3002\u6b64\u5916\uff0c\u7f8e\u56fd\u4ece\u4e0a\u5c4a\u603b\u7edf\u7279\u6717\u666e\u5f00\u59cb\u63a8\u5c55\u7684\u672c\u5730\u751f\u4ea7\u8ba1\u5212\uff0c\u7531\u4e8e\u7f8e\u56fd\u4eba\u529b\u6210\u672c\u8f83\u9ad8\uff0c\u5176\u751f\u4ea7\u6210\u672c\u5fc5\u7136\u5927\u589e\uff1b\u52a0\u4e0a\u8fdb\u53e3\u6765\u6e90\u56fd\u7684\u8f6c\u79fb\uff0c\u4e3a\u7f8e\u56fd\u4ef7\u683c\u98d9\u5347\u57cb\u4e0b\u4f0f\u7b14\u3002 \u7b2c\u4e8c\uff0c\u4ea7\u4e1a\u94fe\u8c03\u6574\u548c\u8fdb\u53e3\u6765\u6e90\u5730\u7684\u6539\u53d8\uff0c\u63d0\u9ad8\u4e86\u8fdb\u53e3\u5546\u54c1\u4ef7\u683c\u3002\u6839\u636e\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u8d44\u6599\uff0c\u75ab\u60c5\u8086\u8650\u4ee5\u6765\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u6574\u4f53\u4ef7\u683c\u6307\u6570\u4ec5\u4e0a\u6da85.8%\uff0c\u5728\u5168\u7403\u8303\u56f4\u5185\u5c5e\u4f4e\u6c34\u5e73\uff0c\u4f46\u4ece\u4e1c\u5357\u4e9a\u56fd\u5bb6\u8054\u76df\u8fdb\u53e3\u7684\u5546\u54c1\u4ef7\u683c\u6307\u6570\u5219\u4e0a\u6da8\u4e867.2%\u3002\u7f8e\u56fd\u8fd9\u4e00\u5f03\u5ec9\u5c31\u8d35\u7684\u8fdb\u53e3\u6765\u6e90\u8f6c\u53d8\uff0c\u65e0\u7591\u63a8\u9ad8\u4e86\u4ea7\u54c1\u4ef7\u683c\u3002 \u6700\u540e\uff0c\u5728\u7ecf\u53862022\u5e74\u5f00\u59cb\u76848\u6b21\u52a0\u606f\u4e4b\u540e\uff0c\u7f8e\u56fd\u7684\u80fd\u6e90\u4ef7\u683c\u4e0a\u5347\u8d8b\u52bf\u5f97\u5230\u663e\u7740\u63a7\u5236\uff0c\u4ece\u6700\u9ad8\u70b9\u7684\u6708\u589e41.6%\uff082022\u5e746\u6708\uff09\u4e0b\u964d\u5230\u6708\u589e5.2%\uff082023\u5e742\u6708\uff09\u3002\u7136\u800c\uff0c\u98df\u54c1\u3001\u7535\u529b\u7b49\u5fc5\u9700\u54c1\u4ef7\u683c\u7684\u5347\u52bf\u867d\u7136\u5f97\u4ee5\u7f13\u548c\uff0c\u4f46\u8dcc\u52bf\u7f13\u6162\u3002\u7535\u529b\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u957f\u7387\u7531\u6700\u9ad8\u768415.8%\uff082022\u5e748\u6708\uff09\u4e0b\u964d\u523012.9%\uff082023\u5e742\u6708\uff09\u3002\u540c\u671f\u98df\u54c1\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u5e45\u7531\u6700\u9ad8\u768411.4%\u5fae\u964d\u81f39.5%\u3002\u4e0a\u8ff08\u6b21\u52a0\u606f\u5bf9\u80fd\u6e90\u4ee5\u5916\u7684\u5fc5\u9700\u54c1\u4ef7\u683c\u5f71\u54cd\u8f83\u5c0f\uff0c\u4e3b\u8981\u539f\u56e0\u6709\u4e24\u70b9\uff1a\u4e00\u65b9\u9762\uff0c\u4f9b\u5e94\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u751f\u4ea7\u6210\u672c\u4e0a\u5347\uff0c\u81ea\u7136\u63a8\u9ad8\u4ef7\u683c\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u8fd9\u4e9b\u5fc5\u9700\u54c1\u9700\u6c42\u5f39\u6027\u8f83\u5c0f\uff0c\u56e0\u6b64\u52a0\u606f\u65e0\u6cd5\u5927\u5e45\u964d\u4f4e\u5bf9\u8fd9\u4e9b\u5fc5\u9700\u54c1\u7684\u9700\u6c42\u3002 \u987b\u4ece\u6cbb\u672c\u5165\u624b \u7b14\u8005\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u81ea2021\u5e74\u5f00\u59cb\u7684\u9ad8\u901a\u8d27\u81a8\u80c0\u6709\u522b\u4e8e\u4ece\u524d\uff0c\u4e3b\u8981\u5728\u4e8e\u9006\u5168\u7403\u5316\u53ca\u5168\u7403\u4ea7\u4e1a\u94fe\u56e0\u5730\u7f18\u653f\u6cbb\u7684\u8f6c\u79fb\u63a8\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u5168\u7403\u5316\u5e03\u5c40\u6614\u65e5\u4ee5\u7ecf\u6d4e\u56e0\u7d20\u4e3a\u4e3b\u8981\u8003\u91cf\u7684\u4f9b\u5e94\u94fe\u4f53\u7cfb\uff0c\u5411\u66f4\u591a\u8003\u8651\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u7684\u5168\u65b0\u4f9b\u5e94\u94fe\u4f53\u7cfb\u8f6c\u5316\uff0c\u8fc7\u7a0b\u4e2d\u96be\u514d\u5bfc\u81f4\u4ef7\u683c\u4e0a\u5347\uff0c\u4f4e\u9700\u6c42\u5f39\u6027\u7684\u5fc5\u9700\u54c1\u5c24\u5176\u5982\u6b64\u3002\u8fd9\u4e5f\u80fd\u89e3\u91ca\u4e3a\u4f55\u6b64\u8f6e\u901a\u80c0\u5982\u6b64\u8fc5\u731b\uff0c\u903c\u5f97\u8054\u50a8\u5c40\u8fde\u756a\u52a0\u606f\uff0c\u4f46\u6548\u679c\u5374\u4e0d\u5982\u9884\u671f\u3002 \u603b\u4f53\u6765\u770b\uff0c\u8054\u50a8\u5c402022\u5e74\u4ee5\u6765\u91cd\u62f3\u52a0\u606f\u4ee5\u904f\u6291\u901a\u80c0\u7684\u653f\u7b56\uff0c\u7a0d\u6709\u523b\u821f\u6c42\u5251\u4e4b\u5acc\u3002\u4e0d\u4ec5\u65e0\u6cd5\u89e3\u51b3\u5168\u7403\u4f9b\u5e94\u94fe\u8f6c\u79fb\u6240\u5f15\u53d1\u7684\u6210\u672c\u589e\u52a0\u95ee\u9898\uff0c\u53cd\u800c\u53ef\u80fd\u5236\u9020\u8bf8\u5982\u77fd\u8c37\u94f6\u884c\u4e4b\u7c7b\u7684\u5371\u673a\u3002 \u5f53\u5c40\u5e94\u5934\u75db\u533b\u5934\uff0c\u4e14\u987b\u5bf9\u75c7\u4e0b\u836f\uff0c\u6b63\u672c\u6e05\u6e90\uff0c\u4ece\u751f\u4ea7\u6210\u672c\u7740\u624b\uff0c\u8bbe\u6cd5\u89e3\u51b3\u56e0\u4e3a\u5168\u7403\u4ea7\u4e1a\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u6210\u672c\u4e0a\u5347\u95ee\u9898\uff0c\u81f4\u529b\u4e8e\u5728\u65b0\u7684\u4ea7\u4e1a\u94fe\u964d\u4f4e\u6210\u672c\uff0c\u6216\u5bfb\u6c42\u6784\u5efa\u66f4\u5177\u7ecf\u6d4e\u6548\u76ca\u7684\u4ea7\u4e1a\u94fe\u4f53\u7cfb\u3002 \u674e\u6676\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u5de5\u5546\u7ba1\u7406\u5b66\u5b66\u58eb\uff08\u56fd\u9645\u5546\u4e1a\u53ca\u73af\u7403\u7ba1\u7406\uff09\u8bfe\u7a0b\u526f\u603b\u76d1 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e09\u6708\u4e8c\u5341\u4e8c\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/thought-leadership\\\/hkej-column-sc\\\/#listItem\",\"name\":\"\\u9f99\\u864e\\u5c71\\u4e0b\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/thought-leadership\\\/hkej-column-sc\\\/#listItem\",\"position\":2,\"name\":\"\\u9f99\\u864e\\u5c71\\u4e0b\",\"item\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/thought-leadership\\\/hkej-column-sc\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\\\/#listItem\",\"name\":\"\\u523b\\u821f\\u6c42\\u5251\\uff1f\\u7f8e\\u56fd\\u5229\\u7387\\u653f\\u7b56\\u7684\\u53cd\\u601d\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\\\/#listItem\",\"position\":3,\"name\":\"\\u523b\\u821f\\u6c42\\u5251\\uff1f\\u7f8e\\u56fd\\u5229\\u7387\\u653f\\u7b56\\u7684\\u53cd\\u601d\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/thought-leadership\\\/hkej-column-sc\\\/#listItem\",\"name\":\"\\u9f99\\u864e\\u5c71\\u4e0b\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#organization\",\"name\":\"HKU Business School\",\"url\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\\\/#webpage\",\"url\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\\\/\",\"name\":\"\\u523b\\u821f\\u6c42\\u5251\\uff1f\\u7f8e\\u56fd\\u5229\\u7387\\u653f\\u7b56\\u7684\\u53cd\\u601d - HKU Business School\",\"description\":\"3\\u670810\\u65e5\\uff0c\\u4f5c\\u4e3a\\u7f8e\\u56fd\\u5728\\u521b\\u79d1\\u9886\\u57df\\u6700\\u91cd\\u8981\\u7684\\u94f6\\u884c\\uff0c\\u77fd\\u8c37\\u94f6\\u884c\\u572848\\u5c0f\\u65f6\\u5185\\u7a81\\u7136\\u5ba3\\u5e03\\u7834\\u4ea7\\uff0c\\u65e0\\u7591\\u662f\\u8fd1\\u5e74\\u6765\\u9707\\u64bc\\u5168\\u7403\\u7684\\u91d1\\u878d\\u4e8b\\u4ef6\\u3002\\u867d\\u7136\\u56e0\\u4e3a\\u7f8e\\u56fd\\u8054\\u90a6\\u518d\\u4fdd\\u9669\\u516c\\u53f8\\u5feb\\u901f\\u4ecb\\u5165\\u548c\\u7f8e\\u56fd\\u653f\\u5e9c\\u6258\\u5e95\\uff0c\\u907f\\u514d\\u4e86\\u5371\\u673a\\u5411\\u5176\\u4ed6\\u91d1\\u878d\\u673a\\u6784\\u548c\\u5b9e\\u4f53\\u7ecf\\u6d4e\\u5927\\u89c4\\u6a21\\u8513\\u5ef6\\uff0c\\u4f46\\u5df2\\u53cd\\u6620\\u51fa\\u8054\\u90a6\\u50a8\\u5907\\u5c40\\uff08\\u8054\\u50a8\\u5c40\\uff09\\u81ea2022\\u5e74\\u4ee5\\u6765\\u591a\\u8f6e\\u52a0\\u606f\\u5bf9\\u91d1\\u878d\\u548c\\u7ecf\\u6d4e\\u5e26\\u6765\\u7684\\u5de8\\u5927\\u51b2\\u51fb\\u3002 \\u4e8b\\u5b9e\\u4e0a\\uff0c\\u8054\\u50a8\\u5c40\\u4e3b\\u5e2d\\u9c8d\\u5a01\\u5c14\\u57283\\u67087\\u65e5\\u56fd\\u4f1a\\u542c\\u8bc1\\u4f1a\\u4e0a\\u900f\\u9732\\uff0c\\u5c06\\u6301\\u7eed\\u52a0\\u606f\\u5bf9\\u6297\\u901a\\u80c0\\uff0c\\u65e0\\u7591\\u6210\\u4e3a\\u77fd\\u8c37\\u94f6\\u884c\\u7206\\u96f7\\u7684\\u5bfc\\u706b\\u7ebf\\u3002 \\u65e0\\u72ec\\u6709\\u5076\\uff0c\\u968f\\u540e\\u7b2c\\u4e00\\u5171\\u548c\\u94f6\\u884c\\u7684\\u80a1\\u4ef7\\u57285\\u5929\\u5185\\u66b4\\u8dcc\\u8d85\\u8fc770%\\uff0cSignature Bank\\u548cSilvergate Bank\\u5ba3\\u5e03\\u505c\\u4e1a\\uff0c\\u90fd\\u4e0e\\u8054\\u50a8\\u5c40\\u53bb\\u5e74\\u81f3\\u4eca\\u6781\\u4e3a\\u4e25\\u5389\\u7684\\u7d27\\u7f29\\u653f\\u7b56\\u5bc6\\u5207\\u76f8\\u5173\\u3002\\u5176\\u540e\\uff0c\\u745e\\u58eb\\u91d1\\u878d\\u5de8\\u5934\\u745e\\u58eb\\u4fe1\\u8d37\\u96c6\\u56e2\\u4e5f\\u7206\\u51fa\\u5371\\u673a\\uff0c\\u5e02\\u573a\\u96be\\u514d\\u62c5\\u5fe7\\u7f8e\\u56fd\\u94f6\\u884c\\u4e1a\\u7684\\u5371\\u673a\\u751a\\u81f3\\u6709\\u5411\\u6b27\\u6d32\\u8513\\u5ef6\\u7684\\u8d8b\\u52bf\\u3002 \\u65e7\\u74f6\\u65b0\\u9152\\u65e0\\u6d4e\\u4e8e\\u4e8b \\u8054\\u50a8\\u5c40\\u8fd9\\u4e00\\u5e74\\u6765\\u63a5\\u4e8c\\u8fde\\u4e09\\u7684\\u52a0\\u606f\\u63aa\\u65bd\\uff0c\\u6e90\\u4e8e\\u7f8e\\u56fd\\u7ecf\\u6d4e\\u4ece2021\\u5e74\\u4ee5\\u6765\\u9762\\u4e34\\u7684\\u6301\\u7eed\\u9ad8\\u901a\\u80c0\\u30022020\\u5e74\\u521d\\u65b0\\u51a0\\u75ab\\u60c5\\u7206\\u53d1\\uff0c\\u5168\\u7403\\u7ecf\\u6d4e\\u9762\\u4e34\\u91cd\\u521b\\u3002\\u4e3a\\u4e86\\u7a33\\u5b9a\\u7ecf\\u6d4e\\u3001\\u523a\\u6fc0\\u53d1\\u5c55\\uff0c\\u8054\\u50a8\\u5c40\\u4e8e\\u540c\\u5e743\\u6708\\u8fde\\u7eed\\u4e24\\u6b21\\u5927\\u5e45\\u4e0b\\u8c03\\u57fa\\u51c6\\u5229\\u7387\\uff0c\\u4f7f\\u5f97\\u5229\\u7387\\u533a\\u95f4\\u63a5\\u8fd1\\u96f6\\u3002\\u7136\\u800c\\uff0c\\u968f\\u7740\\u75ab\\u60c5\\u9010\\u6b65\\u8d8b\\u7a33\\uff0c\\u9ad8\\u901a\\u80c0\\u8f6c\\u800c\\u6210\\u4e3a\\u7f8e\\u56fd\\u7ecf\\u6d4e\\u7684\\u4e3b\\u65cb\\u5f8b\\u30022022\\u5e74\\uff0c\\u7f8e\\u56fd\\u6d88\\u8d39\\u8005\\u4ef7\\u683c\\u6307\\u6570\\u540c\\u6bd4\\u6da8\\u5e45\\u6700\\u9ad8\\u8fbe\\u52309.1%\\uff0c\\u521b\\u4e0b\\u8fd140\\u5e74\\u5185\\u5386\\u53f2\\u65b0\\u9ad8\\u3002 \\u5728\\u9ad8\\u901a\\u80c0\\u7684\\u538b\\u529b\\u4e0b\\uff0c\\u8054\\u50a8\\u5c40\\u4e8e2022\\u5e74\\u5e74\\u521d\\u5f00\\u59cb\\u8fde\\u7eed8\\u6b21\\u4e0a\\u8c03\\u57fa\\u51c6\\u5229\\u7387\\u3002\\u622a\\u81f32023\\u5e742\\u6708\\uff0c\\u5229\\u7387\\u533a\\u95f4\\u4ece\\u63a5\\u8fd1\\u96f6\\u98d9\\u5347\\u81f34.5%\\u4e0e4.75%\\u4e4b\\u95f4\\u3002\\u5728\\u4e00\\u8fde\\u4e32\\u52a0\\u606f\\u731b\\u836f\\u7684\\u4f5c\\u7528\\u4e0b\\uff0c\\u901a\\u8d27\\u81a8\\u80c0\\u7684\\u589e\\u901f\\u867d\\u7136\\u6709\\u6240\\u7f13\\u548c\\uff0c\\u4f46\\u6574\\u4f53\\u6c34\\u5e73\\u4ecd\\u7136\\u5c45\\u9ad8\\u4e0d\\u4e0b\\u3002\\u622a\\u81f32022\\u5e7412\\u6708\\uff0c\\u7f8e\\u56fd\\u6d88\\u8d39\\u8005\\u4ef7\\u683c\\u6307\\u6570\\u540c\\u6bd4\\u589e\\u52a06.5%\\uff0c\\u4ecd\\u7136\\u663e\\u7740\\u9ad8\\u4e8e\\u8054\\u50a8\\u5c40\\u8bbe\\u5b9a\\u76842%\\u957f\\u671f\\u901a\\u80c0\\u76ee\\u6807\\u3002\\u672c\\u6708\\u4e2d\\u77fd\\u8c37\\u94f6\\u884c\\u7b49\\u4e8b\\u4ef6\\u76f8\\u7ee7\\u51fa\\u73b0\\uff0c\\u66f4\\u7a81\\u663e\\u51fa\\u66b4\\u529b\\u52a0\\u606f\\u5728\\u5e94\\u5bf9\\u6b64\\u8f6e\\u901a\\u80c0\\u65b9\\u9762\\u5df2\\u529b\\u4e0d\\u4ece\\u5fc3\\u3002 \\u4ee4\\u4eba\\u987e\\u8651\\u7684\\u662f\\uff0c\\u5728\\u52a0\\u606f\\u653f\\u7b56\\u8fd8\\u672a\\u5b9e\\u73b0\\u7a33\\u5b9a\\u5e02\\u573a\\u7684\\u65f6\\u5019\\uff0c\\u5176\\u526f\\u4f5c\\u7528\\u5df2\\u7ecf\\u6084\\u7136\\u88ad\\u6765\\u3002\\u51cf\\u606f\\u4fc3\\u589e\\u957f\\uff0c\\u52a0\\u606f\\u63a7\\u901a\\u80c0\\uff0c\\u8fd9\\u4e00\\u4f20\\u7edf\\u8d27\\u5e01\\u653f\\u7b56\\u5411\\u6765\\u5e7f\\u88ab\\u4e16\\u754c\\u5404\\u56fd\\u91c7\\u7528\\uff0c\\u4e3a\\u4f55\\u8fd9\\u6b21\\u5728\\u7f8e\\u56fd\\u5374\\u770b\\u4f3c\\u4e0d\\u7075\\u4e86\\uff1f \\u4ea7\\u4e1a\\u94fe\\u91cd\\u6784\\u6210\\u672c\\u5347 \\u52a0\\u606f\\u96be\\u594f\\u6548 \\u7b14\\u8005\\u8ba4\\u4e3a\\uff0c\\u4e2a\\u4e2d\\u5173\\u952e\\u5728\\u4e8e\\u6b64\\u6b21\\u901a\\u80c0\\u7684\\u6210\\u56e0\\u548c\\u4ee5\\u524d\\u6709\\u7740\\u672c\\u8d28\\u7684\\u4e0d\\u540c\\u3002\\u9664\\u4e86\\u80fd\\u6e90\\u4ef7\\u683c\\u66b4\\u6da8\\u8fd9\\u4e00\\u8bf1\\u56e0\\uff0c\\u6b64\\u6b21\\u901a\\u80c0\\u6df1\\u53d7\\u5168\\u7403\\u4ea7\\u4e1a\\u94fe\\u91cd\\u6784\\u7684\\u5f71\\u54cd\\u3002\\u4e2d\\u7f8e\\u8d38\\u6613\\u6218\\u3001\\u4fc4\\u4e4c\\u6218\\u4e89\\uff0c\\u4ee5\\u53ca\\u9006\\u5168\\u7403\\u5316\\u5bfc\\u81f4\\u4ea7\\u4e1a\\u94fe\\u5e03\\u5c40\\u4e0d\\u518d\\u4ec5\\u4ec5\\u57fa\\u4e8e\\u7ecf\\u6d4e\\u6210\\u672c\\uff0c\\u53cd\\u800c\\u504f\\u91cd\\u4e8e\\u5730\\u7f18\\u653f\\u6cbb\\u7b49\\u975e\\u7ecf\\u6d4e\\u56e0\\u7d20\\u3002\\u8fd9\\u5bfc\\u81f4\\u53d1\\u8fbe\\u56fd\\u5bb6\\u7684\\u8fdb\\u53e3\\u4ea7\\u54c1\\u751f\\u4ea7\\u6210\\u672c\\u63d0\\u9ad8\\uff0c\\u91c7\\u8d2d\\u4ef7\\u683c\\u81ea\\u7136\\u63d0\\u9ad8\\uff0c\\u76f8\\u5e94\\u63a8\\u9ad8\\u901a\\u8d27\\u81a8\\u80c0\\u3002\\u7531\\u4e8e\\u5f88\\u591a\\u751f\\u6d3b\\u7528\\u54c1\\u662f\\u521a\\u9700\\u4ea7\\u54c1\\uff0c\\u6291\\u5236\\u9700\\u6c42\\u7684\\u7d27\\u7f29\\u653f\\u7b56\\u96be\\u4ee5\\u89e3\\u51b3\\u4f9b\\u5e94\\u94fe\\u8c03\\u6574\\u5e26\\u6765\\u7684\\u6210\\u672c\\u95ee\\u9898\\uff0c\\u56e0\\u6b64\\u5f88\\u96be\\u594f\\u6548\\u3002 \\u9996\\u5148\\uff0c\\u5730\\u7f18\\u653f\\u6cbb\\u56e0\\u7d20\\u4ee5\\u53ca\\u65b0\\u51a0\\u75ab\\u60c5\\u7684\\u5f71\\u54cd\\uff0c\\u52a0\\u901f\\u4e86\\u5168\\u7403\\u4ea7\\u4e1a\\u94fe\\u91cd\\u6784\\uff0c\\u63d0\\u9ad8\\u4e86\\u751f\\u4ea7\\u6210\\u672c\\u3002\\u8fd9\\u5728\\u4f17\\u591a\\u4ea7\\u4e1a\\u62a5\\u544a\\u4e2d\\u90fd\\u6709\\u9610\\u8ff0\\u3002\\u4e00\\u65b9\\u9762\\u90e8\\u5206\\u53d1\\u8fbe\\u56fd\\u5bb6\\u547c\\u5401\\u5236\\u9020\\u4e1a\\u56de\\u6d41\\uff1b\\u53e6\\u4e00\\u65b9\\u9762\\uff0c\\u5168\\u7403\\u4ea7\\u4e1a\\u94fe\\u7684\\u5206\\u5e03\\u6b63\\u4ece\\u8bb2\\u7a76\\u6548\\u7387\\u8f6c\\u4e3a\\u91cd\\u89c6\\u653f\\u6cbb\\u5b89\\u5168\\uff0c\\u7ecf\\u6d4e\\u6548\\u7387\\u4e0d\\u518d\\u662f\\u4ea7\\u4e1a\\u94fe\\u5e03\\u5c40\\u3001\\u8d38\\u6613\\u548c\\u6295\\u8d44\\u7684\\u552f\\u4e00\\u9a71\\u52a8\\u529b\\u3002 \\u4f53\\u73b0\\u5728\\u8fdb\\u53e3\\u4e0a\\uff0c\\u4ece2018\\u5e74\\u4e2d\\u7f8e\\u8d38\\u6613\\u6218\\u7206\\u53d1\\u81f32020\\u5e74\\u65b0\\u51a0\\u75ab\\u60c5\\u7206\\u53d1\\u524d\\u5915\\uff0c\\u7f8e\\u56fd\\u6574\\u4f53\\u8fdb\\u53e3\\u6c34\\u5e73\\u5448\\u73b0\\u4e0b\\u964d\\u8d8b\\u52bf\\uff0c\\u4e14\\u8fdb\\u53e3\\u6765\\u6e90\\u56fd\\u51fa\\u73b0\\u663e\\u7740\\u8f6c\\u79fb\\u3002World Integrated Trade Solution\\u7684\\u8d44\\u6599\\u663e\\u793a\\uff0c\\u4ece2018\\u5e741\\u6708\\u81f32020\\u5e741\\u6708\\uff0c\\u7f8e\\u56fd\\u4ece\\u4e2d\\u56fd\\u8fdb\\u53e3\\u603b\\u503c\\u4e0b\\u964d18.83%\\uff0c\\u540c\\u671f\\u4ece\\u8d8a\\u5357\\u3001\\u67ec\\u57d4\\u5be8\\u7684\\u8fdb\\u53e3\\u603b\\u503c\\u5219\\u6025\\u5347\\uff0c\\u5347\\u5e45\\u5206\\u522b\\u4e3a62.28%\\u548c73.6%\\uff0c\\u5176\\u4e2d\\u673a\\u68b0\\u548c\\u7535\\u5b50\\u8bbe\\u5907\\u7684\\u589e\\u5e45\\u5c24\\u4e3a\\u663e\\u7740\\u3002\\u6b64\\u5916\\uff0c\\u7f8e\\u56fd\\u4ece\\u4e0a\\u5c4a\\u603b\\u7edf\\u7279\\u6717\\u666e\\u5f00\\u59cb\\u63a8\\u5c55\\u7684\\u672c\\u5730\\u751f\\u4ea7\\u8ba1\\u5212\\uff0c\\u7531\\u4e8e\\u7f8e\\u56fd\\u4eba\\u529b\\u6210\\u672c\\u8f83\\u9ad8\\uff0c\\u5176\\u751f\\u4ea7\\u6210\\u672c\\u5fc5\\u7136\\u5927\\u589e\\uff1b\\u52a0\\u4e0a\\u8fdb\\u53e3\\u6765\\u6e90\\u56fd\\u7684\\u8f6c\\u79fb\\uff0c\\u4e3a\\u7f8e\\u56fd\\u4ef7\\u683c\\u98d9\\u5347\\u57cb\\u4e0b\\u4f0f\\u7b14\\u3002 \\u7b2c\\u4e8c\\uff0c\\u4ea7\\u4e1a\\u94fe\\u8c03\\u6574\\u548c\\u8fdb\\u53e3\\u6765\\u6e90\\u5730\\u7684\\u6539\\u53d8\\uff0c\\u63d0\\u9ad8\\u4e86\\u8fdb\\u53e3\\u5546\\u54c1\\u4ef7\\u683c\\u3002\\u6839\\u636e\\u7f8e\\u56fd\\u52b3\\u5de5\\u7edf\\u8ba1\\u5c40\\u8d44\\u6599\\uff0c\\u75ab\\u60c5\\u8086\\u8650\\u4ee5\\u6765\\uff0c\\u7f8e\\u56fd\\u4ece\\u4e2d\\u56fd\\u8fdb\\u53e3\\u7684\\u6574\\u4f53\\u4ef7\\u683c\\u6307\\u6570\\u4ec5\\u4e0a\\u6da85.8%\\uff0c\\u5728\\u5168\\u7403\\u8303\\u56f4\\u5185\\u5c5e\\u4f4e\\u6c34\\u5e73\\uff0c\\u4f46\\u4ece\\u4e1c\\u5357\\u4e9a\\u56fd\\u5bb6\\u8054\\u76df\\u8fdb\\u53e3\\u7684\\u5546\\u54c1\\u4ef7\\u683c\\u6307\\u6570\\u5219\\u4e0a\\u6da8\\u4e867.2%\\u3002\\u7f8e\\u56fd\\u8fd9\\u4e00\\u5f03\\u5ec9\\u5c31\\u8d35\\u7684\\u8fdb\\u53e3\\u6765\\u6e90\\u8f6c\\u53d8\\uff0c\\u65e0\\u7591\\u63a8\\u9ad8\\u4e86\\u4ea7\\u54c1\\u4ef7\\u683c\\u3002 \\u6700\\u540e\\uff0c\\u5728\\u7ecf\\u53862022\\u5e74\\u5f00\\u59cb\\u76848\\u6b21\\u52a0\\u606f\\u4e4b\\u540e\\uff0c\\u7f8e\\u56fd\\u7684\\u80fd\\u6e90\\u4ef7\\u683c\\u4e0a\\u5347\\u8d8b\\u52bf\\u5f97\\u5230\\u663e\\u7740\\u63a7\\u5236\\uff0c\\u4ece\\u6700\\u9ad8\\u70b9\\u7684\\u6708\\u589e41.6%\\uff082022\\u5e746\\u6708\\uff09\\u4e0b\\u964d\\u5230\\u6708\\u589e5.2%\\uff082023\\u5e742\\u6708\\uff09\\u3002\\u7136\\u800c\\uff0c\\u98df\\u54c1\\u3001\\u7535\\u529b\\u7b49\\u5fc5\\u9700\\u54c1\\u4ef7\\u683c\\u7684\\u5347\\u52bf\\u867d\\u7136\\u5f97\\u4ee5\\u7f13\\u548c\\uff0c\\u4f46\\u8dcc\\u52bf\\u7f13\\u6162\\u3002\\u7535\\u529b\\u4ef7\\u683c\\u6708\\u540c\\u6bd4\\u589e\\u957f\\u7387\\u7531\\u6700\\u9ad8\\u768415.8%\\uff082022\\u5e748\\u6708\\uff09\\u4e0b\\u964d\\u523012.9%\\uff082023\\u5e742\\u6708\\uff09\\u3002\\u540c\\u671f\\u98df\\u54c1\\u4ef7\\u683c\\u6708\\u540c\\u6bd4\\u589e\\u5e45\\u7531\\u6700\\u9ad8\\u768411.4%\\u5fae\\u964d\\u81f39.5%\\u3002\\u4e0a\\u8ff08\\u6b21\\u52a0\\u606f\\u5bf9\\u80fd\\u6e90\\u4ee5\\u5916\\u7684\\u5fc5\\u9700\\u54c1\\u4ef7\\u683c\\u5f71\\u54cd\\u8f83\\u5c0f\\uff0c\\u4e3b\\u8981\\u539f\\u56e0\\u6709\\u4e24\\u70b9\\uff1a\\u4e00\\u65b9\\u9762\\uff0c\\u4f9b\\u5e94\\u94fe\\u8f6c\\u79fb\\u5e26\\u6765\\u7684\\u751f\\u4ea7\\u6210\\u672c\\u4e0a\\u5347\\uff0c\\u81ea\\u7136\\u63a8\\u9ad8\\u4ef7\\u683c\\uff1b\\u53e6\\u4e00\\u65b9\\u9762\\uff0c\\u8fd9\\u4e9b\\u5fc5\\u9700\\u54c1\\u9700\\u6c42\\u5f39\\u6027\\u8f83\\u5c0f\\uff0c\\u56e0\\u6b64\\u52a0\\u606f\\u65e0\\u6cd5\\u5927\\u5e45\\u964d\\u4f4e\\u5bf9\\u8fd9\\u4e9b\\u5fc5\\u9700\\u54c1\\u7684\\u9700\\u6c42\\u3002 \\u987b\\u4ece\\u6cbb\\u672c\\u5165\\u624b \\u7b14\\u8005\\u8ba4\\u4e3a\\uff0c\\u7f8e\\u56fd\\u81ea2021\\u5e74\\u5f00\\u59cb\\u7684\\u9ad8\\u901a\\u8d27\\u81a8\\u80c0\\u6709\\u522b\\u4e8e\\u4ece\\u524d\\uff0c\\u4e3b\\u8981\\u5728\\u4e8e\\u9006\\u5168\\u7403\\u5316\\u53ca\\u5168\\u7403\\u4ea7\\u4e1a\\u94fe\\u56e0\\u5730\\u7f18\\u653f\\u6cbb\\u7684\\u8f6c\\u79fb\\u63a8\\u9ad8\\u4e86\\u751f\\u4ea7\\u6210\\u672c\\u3002\\u5168\\u7403\\u5316\\u5e03\\u5c40\\u6614\\u65e5\\u4ee5\\u7ecf\\u6d4e\\u56e0\\u7d20\\u4e3a\\u4e3b\\u8981\\u8003\\u91cf\\u7684\\u4f9b\\u5e94\\u94fe\\u4f53\\u7cfb\\uff0c\\u5411\\u66f4\\u591a\\u8003\\u8651\\u5730\\u7f18\\u653f\\u6cbb\\u7b49\\u975e\\u7ecf\\u6d4e\\u56e0\\u7d20\\u7684\\u5168\\u65b0\\u4f9b\\u5e94\\u94fe\\u4f53\\u7cfb\\u8f6c\\u5316\\uff0c\\u8fc7\\u7a0b\\u4e2d\\u96be\\u514d\\u5bfc\\u81f4\\u4ef7\\u683c\\u4e0a\\u5347\\uff0c\\u4f4e\\u9700\\u6c42\\u5f39\\u6027\\u7684\\u5fc5\\u9700\\u54c1\\u5c24\\u5176\\u5982\\u6b64\\u3002\\u8fd9\\u4e5f\\u80fd\\u89e3\\u91ca\\u4e3a\\u4f55\\u6b64\\u8f6e\\u901a\\u80c0\\u5982\\u6b64\\u8fc5\\u731b\\uff0c\\u903c\\u5f97\\u8054\\u50a8\\u5c40\\u8fde\\u756a\\u52a0\\u606f\\uff0c\\u4f46\\u6548\\u679c\\u5374\\u4e0d\\u5982\\u9884\\u671f\\u3002 \\u603b\\u4f53\\u6765\\u770b\\uff0c\\u8054\\u50a8\\u5c402022\\u5e74\\u4ee5\\u6765\\u91cd\\u62f3\\u52a0\\u606f\\u4ee5\\u904f\\u6291\\u901a\\u80c0\\u7684\\u653f\\u7b56\\uff0c\\u7a0d\\u6709\\u523b\\u821f\\u6c42\\u5251\\u4e4b\\u5acc\\u3002\\u4e0d\\u4ec5\\u65e0\\u6cd5\\u89e3\\u51b3\\u5168\\u7403\\u4f9b\\u5e94\\u94fe\\u8f6c\\u79fb\\u6240\\u5f15\\u53d1\\u7684\\u6210\\u672c\\u589e\\u52a0\\u95ee\\u9898\\uff0c\\u53cd\\u800c\\u53ef\\u80fd\\u5236\\u9020\\u8bf8\\u5982\\u77fd\\u8c37\\u94f6\\u884c\\u4e4b\\u7c7b\\u7684\\u5371\\u673a\\u3002 \\u5f53\\u5c40\\u5e94\\u5934\\u75db\\u533b\\u5934\\uff0c\\u4e14\\u987b\\u5bf9\\u75c7\\u4e0b\\u836f\\uff0c\\u6b63\\u672c\\u6e05\\u6e90\\uff0c\\u4ece\\u751f\\u4ea7\\u6210\\u672c\\u7740\\u624b\\uff0c\\u8bbe\\u6cd5\\u89e3\\u51b3\\u56e0\\u4e3a\\u5168\\u7403\\u4ea7\\u4e1a\\u94fe\\u8f6c\\u79fb\\u5e26\\u6765\\u7684\\u6210\\u672c\\u4e0a\\u5347\\u95ee\\u9898\\uff0c\\u81f4\\u529b\\u4e8e\\u5728\\u65b0\\u7684\\u4ea7\\u4e1a\\u94fe\\u964d\\u4f4e\\u6210\\u672c\\uff0c\\u6216\\u5bfb\\u6c42\\u6784\\u5efa\\u66f4\\u5177\\u7ecf\\u6d4e\\u6548\\u76ca\\u7684\\u4ea7\\u4e1a\\u94fe\\u4f53\\u7cfb\\u3002 \\u674e\\u6676\\u535a\\u58eb \\u6e2f\\u5927\\u7ecf\\u7ba1\\u5b66\\u9662\\u5de5\\u5546\\u7ba1\\u7406\\u5b66\\u5b66\\u58eb\\uff08\\u56fd\\u9645\\u5546\\u4e1a\\u53ca\\u73af\\u7403\\u7ba1\\u7406\\uff09\\u8bfe\\u7a0b\\u526f\\u603b\\u76d1 \\uff08\\u672c\\u6587\\u540c\\u65f6\\u4e8e\\u4e8c\\u96f6\\u4e8c\\u4e09\\u5e74\\u4e09\\u6708\\u4e8c\\u5341\\u4e8c\\u65e5\\u8f7d\\u4e8e\\u300a\\u4fe1\\u62a5\\u300b\\u300c\\u9f99\\u864e\\u5c71\\u4e0b\\u300d\\u4e13\\u680f\\uff09\",\"inLanguage\":\"zh-CN\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/research\\\/thought-leadership\\\/hkej-column\\\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\\\/#breadcrumblist\"},\"datePublished\":\"2023-03-23T09:18:34+08:00\",\"dateModified\":\"2023-03-23T09:22:14+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#website\",\"url\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/\",\"name\":\"HKU Business School\",\"inLanguage\":\"zh-CN\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.hkubs.hku.hk\\\/sc\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d - HKU Business School","description":"3\u670810\u65e5\uff0c\u4f5c\u4e3a\u7f8e\u56fd\u5728\u521b\u79d1\u9886\u57df\u6700\u91cd\u8981\u7684\u94f6\u884c\uff0c\u77fd\u8c37\u94f6\u884c\u572848\u5c0f\u65f6\u5185\u7a81\u7136\u5ba3\u5e03\u7834\u4ea7\uff0c\u65e0\u7591\u662f\u8fd1\u5e74\u6765\u9707\u64bc\u5168\u7403\u7684\u91d1\u878d\u4e8b\u4ef6\u3002\u867d\u7136\u56e0\u4e3a\u7f8e\u56fd\u8054\u90a6\u518d\u4fdd\u9669\u516c\u53f8\u5feb\u901f\u4ecb\u5165\u548c\u7f8e\u56fd\u653f\u5e9c\u6258\u5e95\uff0c\u907f\u514d\u4e86\u5371\u673a\u5411\u5176\u4ed6\u91d1\u878d\u673a\u6784\u548c\u5b9e\u4f53\u7ecf\u6d4e\u5927\u89c4\u6a21\u8513\u5ef6\uff0c\u4f46\u5df2\u53cd\u6620\u51fa\u8054\u90a6\u50a8\u5907\u5c40\uff08\u8054\u50a8\u5c40\uff09\u81ea2022\u5e74\u4ee5\u6765\u591a\u8f6e\u52a0\u606f\u5bf9\u91d1\u878d\u548c\u7ecf\u6d4e\u5e26\u6765\u7684\u5de8\u5927\u51b2\u51fb\u3002 \u4e8b\u5b9e\u4e0a\uff0c\u8054\u50a8\u5c40\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u57283\u67087\u65e5\u56fd\u4f1a\u542c\u8bc1\u4f1a\u4e0a\u900f\u9732\uff0c\u5c06\u6301\u7eed\u52a0\u606f\u5bf9\u6297\u901a\u80c0\uff0c\u65e0\u7591\u6210\u4e3a\u77fd\u8c37\u94f6\u884c\u7206\u96f7\u7684\u5bfc\u706b\u7ebf\u3002 \u65e0\u72ec\u6709\u5076\uff0c\u968f\u540e\u7b2c\u4e00\u5171\u548c\u94f6\u884c\u7684\u80a1\u4ef7\u57285\u5929\u5185\u66b4\u8dcc\u8d85\u8fc770%\uff0cSignature Bank\u548cSilvergate Bank\u5ba3\u5e03\u505c\u4e1a\uff0c\u90fd\u4e0e\u8054\u50a8\u5c40\u53bb\u5e74\u81f3\u4eca\u6781\u4e3a\u4e25\u5389\u7684\u7d27\u7f29\u653f\u7b56\u5bc6\u5207\u76f8\u5173\u3002\u5176\u540e\uff0c\u745e\u58eb\u91d1\u878d\u5de8\u5934\u745e\u58eb\u4fe1\u8d37\u96c6\u56e2\u4e5f\u7206\u51fa\u5371\u673a\uff0c\u5e02\u573a\u96be\u514d\u62c5\u5fe7\u7f8e\u56fd\u94f6\u884c\u4e1a\u7684\u5371\u673a\u751a\u81f3\u6709\u5411\u6b27\u6d32\u8513\u5ef6\u7684\u8d8b\u52bf\u3002 \u65e7\u74f6\u65b0\u9152\u65e0\u6d4e\u4e8e\u4e8b \u8054\u50a8\u5c40\u8fd9\u4e00\u5e74\u6765\u63a5\u4e8c\u8fde\u4e09\u7684\u52a0\u606f\u63aa\u65bd\uff0c\u6e90\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u4ece2021\u5e74\u4ee5\u6765\u9762\u4e34\u7684\u6301\u7eed\u9ad8\u901a\u80c0\u30022020\u5e74\u521d\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\uff0c\u5168\u7403\u7ecf\u6d4e\u9762\u4e34\u91cd\u521b\u3002\u4e3a\u4e86\u7a33\u5b9a\u7ecf\u6d4e\u3001\u523a\u6fc0\u53d1\u5c55\uff0c\u8054\u50a8\u5c40\u4e8e\u540c\u5e743\u6708\u8fde\u7eed\u4e24\u6b21\u5927\u5e45\u4e0b\u8c03\u57fa\u51c6\u5229\u7387\uff0c\u4f7f\u5f97\u5229\u7387\u533a\u95f4\u63a5\u8fd1\u96f6\u3002\u7136\u800c\uff0c\u968f\u7740\u75ab\u60c5\u9010\u6b65\u8d8b\u7a33\uff0c\u9ad8\u901a\u80c0\u8f6c\u800c\u6210\u4e3a\u7f8e\u56fd\u7ecf\u6d4e\u7684\u4e3b\u65cb\u5f8b\u30022022\u5e74\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u6da8\u5e45\u6700\u9ad8\u8fbe\u52309.1%\uff0c\u521b\u4e0b\u8fd140\u5e74\u5185\u5386\u53f2\u65b0\u9ad8\u3002 \u5728\u9ad8\u901a\u80c0\u7684\u538b\u529b\u4e0b\uff0c\u8054\u50a8\u5c40\u4e8e2022\u5e74\u5e74\u521d\u5f00\u59cb\u8fde\u7eed8\u6b21\u4e0a\u8c03\u57fa\u51c6\u5229\u7387\u3002\u622a\u81f32023\u5e742\u6708\uff0c\u5229\u7387\u533a\u95f4\u4ece\u63a5\u8fd1\u96f6\u98d9\u5347\u81f34.5%\u4e0e4.75%\u4e4b\u95f4\u3002\u5728\u4e00\u8fde\u4e32\u52a0\u606f\u731b\u836f\u7684\u4f5c\u7528\u4e0b\uff0c\u901a\u8d27\u81a8\u80c0\u7684\u589e\u901f\u867d\u7136\u6709\u6240\u7f13\u548c\uff0c\u4f46\u6574\u4f53\u6c34\u5e73\u4ecd\u7136\u5c45\u9ad8\u4e0d\u4e0b\u3002\u622a\u81f32022\u5e7412\u6708\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u589e\u52a06.5%\uff0c\u4ecd\u7136\u663e\u7740\u9ad8\u4e8e\u8054\u50a8\u5c40\u8bbe\u5b9a\u76842%\u957f\u671f\u901a\u80c0\u76ee\u6807\u3002\u672c\u6708\u4e2d\u77fd\u8c37\u94f6\u884c\u7b49\u4e8b\u4ef6\u76f8\u7ee7\u51fa\u73b0\uff0c\u66f4\u7a81\u663e\u51fa\u66b4\u529b\u52a0\u606f\u5728\u5e94\u5bf9\u6b64\u8f6e\u901a\u80c0\u65b9\u9762\u5df2\u529b\u4e0d\u4ece\u5fc3\u3002 \u4ee4\u4eba\u987e\u8651\u7684\u662f\uff0c\u5728\u52a0\u606f\u653f\u7b56\u8fd8\u672a\u5b9e\u73b0\u7a33\u5b9a\u5e02\u573a\u7684\u65f6\u5019\uff0c\u5176\u526f\u4f5c\u7528\u5df2\u7ecf\u6084\u7136\u88ad\u6765\u3002\u51cf\u606f\u4fc3\u589e\u957f\uff0c\u52a0\u606f\u63a7\u901a\u80c0\uff0c\u8fd9\u4e00\u4f20\u7edf\u8d27\u5e01\u653f\u7b56\u5411\u6765\u5e7f\u88ab\u4e16\u754c\u5404\u56fd\u91c7\u7528\uff0c\u4e3a\u4f55\u8fd9\u6b21\u5728\u7f8e\u56fd\u5374\u770b\u4f3c\u4e0d\u7075\u4e86\uff1f \u4ea7\u4e1a\u94fe\u91cd\u6784\u6210\u672c\u5347 \u52a0\u606f\u96be\u594f\u6548 \u7b14\u8005\u8ba4\u4e3a\uff0c\u4e2a\u4e2d\u5173\u952e\u5728\u4e8e\u6b64\u6b21\u901a\u80c0\u7684\u6210\u56e0\u548c\u4ee5\u524d\u6709\u7740\u672c\u8d28\u7684\u4e0d\u540c\u3002\u9664\u4e86\u80fd\u6e90\u4ef7\u683c\u66b4\u6da8\u8fd9\u4e00\u8bf1\u56e0\uff0c\u6b64\u6b21\u901a\u80c0\u6df1\u53d7\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\u7684\u5f71\u54cd\u3002\u4e2d\u7f8e\u8d38\u6613\u6218\u3001\u4fc4\u4e4c\u6218\u4e89\uff0c\u4ee5\u53ca\u9006\u5168\u7403\u5316\u5bfc\u81f4\u4ea7\u4e1a\u94fe\u5e03\u5c40\u4e0d\u518d\u4ec5\u4ec5\u57fa\u4e8e\u7ecf\u6d4e\u6210\u672c\uff0c\u53cd\u800c\u504f\u91cd\u4e8e\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u3002\u8fd9\u5bfc\u81f4\u53d1\u8fbe\u56fd\u5bb6\u7684\u8fdb\u53e3\u4ea7\u54c1\u751f\u4ea7\u6210\u672c\u63d0\u9ad8\uff0c\u91c7\u8d2d\u4ef7\u683c\u81ea\u7136\u63d0\u9ad8\uff0c\u76f8\u5e94\u63a8\u9ad8\u901a\u8d27\u81a8\u80c0\u3002\u7531\u4e8e\u5f88\u591a\u751f\u6d3b\u7528\u54c1\u662f\u521a\u9700\u4ea7\u54c1\uff0c\u6291\u5236\u9700\u6c42\u7684\u7d27\u7f29\u653f\u7b56\u96be\u4ee5\u89e3\u51b3\u4f9b\u5e94\u94fe\u8c03\u6574\u5e26\u6765\u7684\u6210\u672c\u95ee\u9898\uff0c\u56e0\u6b64\u5f88\u96be\u594f\u6548\u3002 \u9996\u5148\uff0c\u5730\u7f18\u653f\u6cbb\u56e0\u7d20\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u7684\u5f71\u54cd\uff0c\u52a0\u901f\u4e86\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\uff0c\u63d0\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u8fd9\u5728\u4f17\u591a\u4ea7\u4e1a\u62a5\u544a\u4e2d\u90fd\u6709\u9610\u8ff0\u3002\u4e00\u65b9\u9762\u90e8\u5206\u53d1\u8fbe\u56fd\u5bb6\u547c\u5401\u5236\u9020\u4e1a\u56de\u6d41\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u5168\u7403\u4ea7\u4e1a\u94fe\u7684\u5206\u5e03\u6b63\u4ece\u8bb2\u7a76\u6548\u7387\u8f6c\u4e3a\u91cd\u89c6\u653f\u6cbb\u5b89\u5168\uff0c\u7ecf\u6d4e\u6548\u7387\u4e0d\u518d\u662f\u4ea7\u4e1a\u94fe\u5e03\u5c40\u3001\u8d38\u6613\u548c\u6295\u8d44\u7684\u552f\u4e00\u9a71\u52a8\u529b\u3002 \u4f53\u73b0\u5728\u8fdb\u53e3\u4e0a\uff0c\u4ece2018\u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u7206\u53d1\u81f32020\u5e74\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\u524d\u5915\uff0c\u7f8e\u56fd\u6574\u4f53\u8fdb\u53e3\u6c34\u5e73\u5448\u73b0\u4e0b\u964d\u8d8b\u52bf\uff0c\u4e14\u8fdb\u53e3\u6765\u6e90\u56fd\u51fa\u73b0\u663e\u7740\u8f6c\u79fb\u3002World Integrated Trade Solution\u7684\u8d44\u6599\u663e\u793a\uff0c\u4ece2018\u5e741\u6708\u81f32020\u5e741\u6708\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u603b\u503c\u4e0b\u964d18.83%\uff0c\u540c\u671f\u4ece\u8d8a\u5357\u3001\u67ec\u57d4\u5be8\u7684\u8fdb\u53e3\u603b\u503c\u5219\u6025\u5347\uff0c\u5347\u5e45\u5206\u522b\u4e3a62.28%\u548c73.6%\uff0c\u5176\u4e2d\u673a\u68b0\u548c\u7535\u5b50\u8bbe\u5907\u7684\u589e\u5e45\u5c24\u4e3a\u663e\u7740\u3002\u6b64\u5916\uff0c\u7f8e\u56fd\u4ece\u4e0a\u5c4a\u603b\u7edf\u7279\u6717\u666e\u5f00\u59cb\u63a8\u5c55\u7684\u672c\u5730\u751f\u4ea7\u8ba1\u5212\uff0c\u7531\u4e8e\u7f8e\u56fd\u4eba\u529b\u6210\u672c\u8f83\u9ad8\uff0c\u5176\u751f\u4ea7\u6210\u672c\u5fc5\u7136\u5927\u589e\uff1b\u52a0\u4e0a\u8fdb\u53e3\u6765\u6e90\u56fd\u7684\u8f6c\u79fb\uff0c\u4e3a\u7f8e\u56fd\u4ef7\u683c\u98d9\u5347\u57cb\u4e0b\u4f0f\u7b14\u3002 \u7b2c\u4e8c\uff0c\u4ea7\u4e1a\u94fe\u8c03\u6574\u548c\u8fdb\u53e3\u6765\u6e90\u5730\u7684\u6539\u53d8\uff0c\u63d0\u9ad8\u4e86\u8fdb\u53e3\u5546\u54c1\u4ef7\u683c\u3002\u6839\u636e\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u8d44\u6599\uff0c\u75ab\u60c5\u8086\u8650\u4ee5\u6765\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u6574\u4f53\u4ef7\u683c\u6307\u6570\u4ec5\u4e0a\u6da85.8%\uff0c\u5728\u5168\u7403\u8303\u56f4\u5185\u5c5e\u4f4e\u6c34\u5e73\uff0c\u4f46\u4ece\u4e1c\u5357\u4e9a\u56fd\u5bb6\u8054\u76df\u8fdb\u53e3\u7684\u5546\u54c1\u4ef7\u683c\u6307\u6570\u5219\u4e0a\u6da8\u4e867.2%\u3002\u7f8e\u56fd\u8fd9\u4e00\u5f03\u5ec9\u5c31\u8d35\u7684\u8fdb\u53e3\u6765\u6e90\u8f6c\u53d8\uff0c\u65e0\u7591\u63a8\u9ad8\u4e86\u4ea7\u54c1\u4ef7\u683c\u3002 \u6700\u540e\uff0c\u5728\u7ecf\u53862022\u5e74\u5f00\u59cb\u76848\u6b21\u52a0\u606f\u4e4b\u540e\uff0c\u7f8e\u56fd\u7684\u80fd\u6e90\u4ef7\u683c\u4e0a\u5347\u8d8b\u52bf\u5f97\u5230\u663e\u7740\u63a7\u5236\uff0c\u4ece\u6700\u9ad8\u70b9\u7684\u6708\u589e41.6%\uff082022\u5e746\u6708\uff09\u4e0b\u964d\u5230\u6708\u589e5.2%\uff082023\u5e742\u6708\uff09\u3002\u7136\u800c\uff0c\u98df\u54c1\u3001\u7535\u529b\u7b49\u5fc5\u9700\u54c1\u4ef7\u683c\u7684\u5347\u52bf\u867d\u7136\u5f97\u4ee5\u7f13\u548c\uff0c\u4f46\u8dcc\u52bf\u7f13\u6162\u3002\u7535\u529b\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u957f\u7387\u7531\u6700\u9ad8\u768415.8%\uff082022\u5e748\u6708\uff09\u4e0b\u964d\u523012.9%\uff082023\u5e742\u6708\uff09\u3002\u540c\u671f\u98df\u54c1\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u5e45\u7531\u6700\u9ad8\u768411.4%\u5fae\u964d\u81f39.5%\u3002\u4e0a\u8ff08\u6b21\u52a0\u606f\u5bf9\u80fd\u6e90\u4ee5\u5916\u7684\u5fc5\u9700\u54c1\u4ef7\u683c\u5f71\u54cd\u8f83\u5c0f\uff0c\u4e3b\u8981\u539f\u56e0\u6709\u4e24\u70b9\uff1a\u4e00\u65b9\u9762\uff0c\u4f9b\u5e94\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u751f\u4ea7\u6210\u672c\u4e0a\u5347\uff0c\u81ea\u7136\u63a8\u9ad8\u4ef7\u683c\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u8fd9\u4e9b\u5fc5\u9700\u54c1\u9700\u6c42\u5f39\u6027\u8f83\u5c0f\uff0c\u56e0\u6b64\u52a0\u606f\u65e0\u6cd5\u5927\u5e45\u964d\u4f4e\u5bf9\u8fd9\u4e9b\u5fc5\u9700\u54c1\u7684\u9700\u6c42\u3002 \u987b\u4ece\u6cbb\u672c\u5165\u624b \u7b14\u8005\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u81ea2021\u5e74\u5f00\u59cb\u7684\u9ad8\u901a\u8d27\u81a8\u80c0\u6709\u522b\u4e8e\u4ece\u524d\uff0c\u4e3b\u8981\u5728\u4e8e\u9006\u5168\u7403\u5316\u53ca\u5168\u7403\u4ea7\u4e1a\u94fe\u56e0\u5730\u7f18\u653f\u6cbb\u7684\u8f6c\u79fb\u63a8\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u5168\u7403\u5316\u5e03\u5c40\u6614\u65e5\u4ee5\u7ecf\u6d4e\u56e0\u7d20\u4e3a\u4e3b\u8981\u8003\u91cf\u7684\u4f9b\u5e94\u94fe\u4f53\u7cfb\uff0c\u5411\u66f4\u591a\u8003\u8651\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u7684\u5168\u65b0\u4f9b\u5e94\u94fe\u4f53\u7cfb\u8f6c\u5316\uff0c\u8fc7\u7a0b\u4e2d\u96be\u514d\u5bfc\u81f4\u4ef7\u683c\u4e0a\u5347\uff0c\u4f4e\u9700\u6c42\u5f39\u6027\u7684\u5fc5\u9700\u54c1\u5c24\u5176\u5982\u6b64\u3002\u8fd9\u4e5f\u80fd\u89e3\u91ca\u4e3a\u4f55\u6b64\u8f6e\u901a\u80c0\u5982\u6b64\u8fc5\u731b\uff0c\u903c\u5f97\u8054\u50a8\u5c40\u8fde\u756a\u52a0\u606f\uff0c\u4f46\u6548\u679c\u5374\u4e0d\u5982\u9884\u671f\u3002 \u603b\u4f53\u6765\u770b\uff0c\u8054\u50a8\u5c402022\u5e74\u4ee5\u6765\u91cd\u62f3\u52a0\u606f\u4ee5\u904f\u6291\u901a\u80c0\u7684\u653f\u7b56\uff0c\u7a0d\u6709\u523b\u821f\u6c42\u5251\u4e4b\u5acc\u3002\u4e0d\u4ec5\u65e0\u6cd5\u89e3\u51b3\u5168\u7403\u4f9b\u5e94\u94fe\u8f6c\u79fb\u6240\u5f15\u53d1\u7684\u6210\u672c\u589e\u52a0\u95ee\u9898\uff0c\u53cd\u800c\u53ef\u80fd\u5236\u9020\u8bf8\u5982\u77fd\u8c37\u94f6\u884c\u4e4b\u7c7b\u7684\u5371\u673a\u3002 \u5f53\u5c40\u5e94\u5934\u75db\u533b\u5934\uff0c\u4e14\u987b\u5bf9\u75c7\u4e0b\u836f\uff0c\u6b63\u672c\u6e05\u6e90\uff0c\u4ece\u751f\u4ea7\u6210\u672c\u7740\u624b\uff0c\u8bbe\u6cd5\u89e3\u51b3\u56e0\u4e3a\u5168\u7403\u4ea7\u4e1a\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u6210\u672c\u4e0a\u5347\u95ee\u9898\uff0c\u81f4\u529b\u4e8e\u5728\u65b0\u7684\u4ea7\u4e1a\u94fe\u964d\u4f4e\u6210\u672c\uff0c\u6216\u5bfb\u6c42\u6784\u5efa\u66f4\u5177\u7ecf\u6d4e\u6548\u76ca\u7684\u4ea7\u4e1a\u94fe\u4f53\u7cfb\u3002 \u674e\u6676\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u5de5\u5546\u7ba1\u7406\u5b66\u5b66\u58eb\uff08\u56fd\u9645\u5546\u4e1a\u53ca\u73af\u7403\u7ba1\u7406\uff09\u8bfe\u7a0b\u526f\u603b\u76d1 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e09\u6708\u4e8c\u5341\u4e8c\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09","canonical_url":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"google-site-verification":"google-site-verification=MjdkluDgHpNk2vz5slbwER2Gusw2rUDQuVULMERWzLo","miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/#listItem","position":1,"name":"Home","item":"https:\/\/www.hkubs.hku.hk\/sc\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/hkej-column-sc\/#listItem","name":"\u9f99\u864e\u5c71\u4e0b"}},{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/hkej-column-sc\/#listItem","position":2,"name":"\u9f99\u864e\u5c71\u4e0b","item":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/hkej-column-sc\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/#listItem","name":"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/#listItem","position":3,"name":"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d","previousItem":{"@type":"ListItem","@id":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/hkej-column-sc\/#listItem","name":"\u9f99\u864e\u5c71\u4e0b"}}]},{"@type":"Organization","@id":"https:\/\/www.hkubs.hku.hk\/sc\/#organization","name":"HKU Business School","url":"https:\/\/www.hkubs.hku.hk\/sc\/"},{"@type":"WebPage","@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/#webpage","url":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/","name":"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d - HKU Business School","description":"3\u670810\u65e5\uff0c\u4f5c\u4e3a\u7f8e\u56fd\u5728\u521b\u79d1\u9886\u57df\u6700\u91cd\u8981\u7684\u94f6\u884c\uff0c\u77fd\u8c37\u94f6\u884c\u572848\u5c0f\u65f6\u5185\u7a81\u7136\u5ba3\u5e03\u7834\u4ea7\uff0c\u65e0\u7591\u662f\u8fd1\u5e74\u6765\u9707\u64bc\u5168\u7403\u7684\u91d1\u878d\u4e8b\u4ef6\u3002\u867d\u7136\u56e0\u4e3a\u7f8e\u56fd\u8054\u90a6\u518d\u4fdd\u9669\u516c\u53f8\u5feb\u901f\u4ecb\u5165\u548c\u7f8e\u56fd\u653f\u5e9c\u6258\u5e95\uff0c\u907f\u514d\u4e86\u5371\u673a\u5411\u5176\u4ed6\u91d1\u878d\u673a\u6784\u548c\u5b9e\u4f53\u7ecf\u6d4e\u5927\u89c4\u6a21\u8513\u5ef6\uff0c\u4f46\u5df2\u53cd\u6620\u51fa\u8054\u90a6\u50a8\u5907\u5c40\uff08\u8054\u50a8\u5c40\uff09\u81ea2022\u5e74\u4ee5\u6765\u591a\u8f6e\u52a0\u606f\u5bf9\u91d1\u878d\u548c\u7ecf\u6d4e\u5e26\u6765\u7684\u5de8\u5927\u51b2\u51fb\u3002 \u4e8b\u5b9e\u4e0a\uff0c\u8054\u50a8\u5c40\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u57283\u67087\u65e5\u56fd\u4f1a\u542c\u8bc1\u4f1a\u4e0a\u900f\u9732\uff0c\u5c06\u6301\u7eed\u52a0\u606f\u5bf9\u6297\u901a\u80c0\uff0c\u65e0\u7591\u6210\u4e3a\u77fd\u8c37\u94f6\u884c\u7206\u96f7\u7684\u5bfc\u706b\u7ebf\u3002 \u65e0\u72ec\u6709\u5076\uff0c\u968f\u540e\u7b2c\u4e00\u5171\u548c\u94f6\u884c\u7684\u80a1\u4ef7\u57285\u5929\u5185\u66b4\u8dcc\u8d85\u8fc770%\uff0cSignature Bank\u548cSilvergate Bank\u5ba3\u5e03\u505c\u4e1a\uff0c\u90fd\u4e0e\u8054\u50a8\u5c40\u53bb\u5e74\u81f3\u4eca\u6781\u4e3a\u4e25\u5389\u7684\u7d27\u7f29\u653f\u7b56\u5bc6\u5207\u76f8\u5173\u3002\u5176\u540e\uff0c\u745e\u58eb\u91d1\u878d\u5de8\u5934\u745e\u58eb\u4fe1\u8d37\u96c6\u56e2\u4e5f\u7206\u51fa\u5371\u673a\uff0c\u5e02\u573a\u96be\u514d\u62c5\u5fe7\u7f8e\u56fd\u94f6\u884c\u4e1a\u7684\u5371\u673a\u751a\u81f3\u6709\u5411\u6b27\u6d32\u8513\u5ef6\u7684\u8d8b\u52bf\u3002 \u65e7\u74f6\u65b0\u9152\u65e0\u6d4e\u4e8e\u4e8b \u8054\u50a8\u5c40\u8fd9\u4e00\u5e74\u6765\u63a5\u4e8c\u8fde\u4e09\u7684\u52a0\u606f\u63aa\u65bd\uff0c\u6e90\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u4ece2021\u5e74\u4ee5\u6765\u9762\u4e34\u7684\u6301\u7eed\u9ad8\u901a\u80c0\u30022020\u5e74\u521d\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\uff0c\u5168\u7403\u7ecf\u6d4e\u9762\u4e34\u91cd\u521b\u3002\u4e3a\u4e86\u7a33\u5b9a\u7ecf\u6d4e\u3001\u523a\u6fc0\u53d1\u5c55\uff0c\u8054\u50a8\u5c40\u4e8e\u540c\u5e743\u6708\u8fde\u7eed\u4e24\u6b21\u5927\u5e45\u4e0b\u8c03\u57fa\u51c6\u5229\u7387\uff0c\u4f7f\u5f97\u5229\u7387\u533a\u95f4\u63a5\u8fd1\u96f6\u3002\u7136\u800c\uff0c\u968f\u7740\u75ab\u60c5\u9010\u6b65\u8d8b\u7a33\uff0c\u9ad8\u901a\u80c0\u8f6c\u800c\u6210\u4e3a\u7f8e\u56fd\u7ecf\u6d4e\u7684\u4e3b\u65cb\u5f8b\u30022022\u5e74\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u6da8\u5e45\u6700\u9ad8\u8fbe\u52309.1%\uff0c\u521b\u4e0b\u8fd140\u5e74\u5185\u5386\u53f2\u65b0\u9ad8\u3002 \u5728\u9ad8\u901a\u80c0\u7684\u538b\u529b\u4e0b\uff0c\u8054\u50a8\u5c40\u4e8e2022\u5e74\u5e74\u521d\u5f00\u59cb\u8fde\u7eed8\u6b21\u4e0a\u8c03\u57fa\u51c6\u5229\u7387\u3002\u622a\u81f32023\u5e742\u6708\uff0c\u5229\u7387\u533a\u95f4\u4ece\u63a5\u8fd1\u96f6\u98d9\u5347\u81f34.5%\u4e0e4.75%\u4e4b\u95f4\u3002\u5728\u4e00\u8fde\u4e32\u52a0\u606f\u731b\u836f\u7684\u4f5c\u7528\u4e0b\uff0c\u901a\u8d27\u81a8\u80c0\u7684\u589e\u901f\u867d\u7136\u6709\u6240\u7f13\u548c\uff0c\u4f46\u6574\u4f53\u6c34\u5e73\u4ecd\u7136\u5c45\u9ad8\u4e0d\u4e0b\u3002\u622a\u81f32022\u5e7412\u6708\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u589e\u52a06.5%\uff0c\u4ecd\u7136\u663e\u7740\u9ad8\u4e8e\u8054\u50a8\u5c40\u8bbe\u5b9a\u76842%\u957f\u671f\u901a\u80c0\u76ee\u6807\u3002\u672c\u6708\u4e2d\u77fd\u8c37\u94f6\u884c\u7b49\u4e8b\u4ef6\u76f8\u7ee7\u51fa\u73b0\uff0c\u66f4\u7a81\u663e\u51fa\u66b4\u529b\u52a0\u606f\u5728\u5e94\u5bf9\u6b64\u8f6e\u901a\u80c0\u65b9\u9762\u5df2\u529b\u4e0d\u4ece\u5fc3\u3002 \u4ee4\u4eba\u987e\u8651\u7684\u662f\uff0c\u5728\u52a0\u606f\u653f\u7b56\u8fd8\u672a\u5b9e\u73b0\u7a33\u5b9a\u5e02\u573a\u7684\u65f6\u5019\uff0c\u5176\u526f\u4f5c\u7528\u5df2\u7ecf\u6084\u7136\u88ad\u6765\u3002\u51cf\u606f\u4fc3\u589e\u957f\uff0c\u52a0\u606f\u63a7\u901a\u80c0\uff0c\u8fd9\u4e00\u4f20\u7edf\u8d27\u5e01\u653f\u7b56\u5411\u6765\u5e7f\u88ab\u4e16\u754c\u5404\u56fd\u91c7\u7528\uff0c\u4e3a\u4f55\u8fd9\u6b21\u5728\u7f8e\u56fd\u5374\u770b\u4f3c\u4e0d\u7075\u4e86\uff1f \u4ea7\u4e1a\u94fe\u91cd\u6784\u6210\u672c\u5347 \u52a0\u606f\u96be\u594f\u6548 \u7b14\u8005\u8ba4\u4e3a\uff0c\u4e2a\u4e2d\u5173\u952e\u5728\u4e8e\u6b64\u6b21\u901a\u80c0\u7684\u6210\u56e0\u548c\u4ee5\u524d\u6709\u7740\u672c\u8d28\u7684\u4e0d\u540c\u3002\u9664\u4e86\u80fd\u6e90\u4ef7\u683c\u66b4\u6da8\u8fd9\u4e00\u8bf1\u56e0\uff0c\u6b64\u6b21\u901a\u80c0\u6df1\u53d7\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\u7684\u5f71\u54cd\u3002\u4e2d\u7f8e\u8d38\u6613\u6218\u3001\u4fc4\u4e4c\u6218\u4e89\uff0c\u4ee5\u53ca\u9006\u5168\u7403\u5316\u5bfc\u81f4\u4ea7\u4e1a\u94fe\u5e03\u5c40\u4e0d\u518d\u4ec5\u4ec5\u57fa\u4e8e\u7ecf\u6d4e\u6210\u672c\uff0c\u53cd\u800c\u504f\u91cd\u4e8e\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u3002\u8fd9\u5bfc\u81f4\u53d1\u8fbe\u56fd\u5bb6\u7684\u8fdb\u53e3\u4ea7\u54c1\u751f\u4ea7\u6210\u672c\u63d0\u9ad8\uff0c\u91c7\u8d2d\u4ef7\u683c\u81ea\u7136\u63d0\u9ad8\uff0c\u76f8\u5e94\u63a8\u9ad8\u901a\u8d27\u81a8\u80c0\u3002\u7531\u4e8e\u5f88\u591a\u751f\u6d3b\u7528\u54c1\u662f\u521a\u9700\u4ea7\u54c1\uff0c\u6291\u5236\u9700\u6c42\u7684\u7d27\u7f29\u653f\u7b56\u96be\u4ee5\u89e3\u51b3\u4f9b\u5e94\u94fe\u8c03\u6574\u5e26\u6765\u7684\u6210\u672c\u95ee\u9898\uff0c\u56e0\u6b64\u5f88\u96be\u594f\u6548\u3002 \u9996\u5148\uff0c\u5730\u7f18\u653f\u6cbb\u56e0\u7d20\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u7684\u5f71\u54cd\uff0c\u52a0\u901f\u4e86\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\uff0c\u63d0\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u8fd9\u5728\u4f17\u591a\u4ea7\u4e1a\u62a5\u544a\u4e2d\u90fd\u6709\u9610\u8ff0\u3002\u4e00\u65b9\u9762\u90e8\u5206\u53d1\u8fbe\u56fd\u5bb6\u547c\u5401\u5236\u9020\u4e1a\u56de\u6d41\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u5168\u7403\u4ea7\u4e1a\u94fe\u7684\u5206\u5e03\u6b63\u4ece\u8bb2\u7a76\u6548\u7387\u8f6c\u4e3a\u91cd\u89c6\u653f\u6cbb\u5b89\u5168\uff0c\u7ecf\u6d4e\u6548\u7387\u4e0d\u518d\u662f\u4ea7\u4e1a\u94fe\u5e03\u5c40\u3001\u8d38\u6613\u548c\u6295\u8d44\u7684\u552f\u4e00\u9a71\u52a8\u529b\u3002 \u4f53\u73b0\u5728\u8fdb\u53e3\u4e0a\uff0c\u4ece2018\u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u7206\u53d1\u81f32020\u5e74\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\u524d\u5915\uff0c\u7f8e\u56fd\u6574\u4f53\u8fdb\u53e3\u6c34\u5e73\u5448\u73b0\u4e0b\u964d\u8d8b\u52bf\uff0c\u4e14\u8fdb\u53e3\u6765\u6e90\u56fd\u51fa\u73b0\u663e\u7740\u8f6c\u79fb\u3002World Integrated Trade Solution\u7684\u8d44\u6599\u663e\u793a\uff0c\u4ece2018\u5e741\u6708\u81f32020\u5e741\u6708\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u603b\u503c\u4e0b\u964d18.83%\uff0c\u540c\u671f\u4ece\u8d8a\u5357\u3001\u67ec\u57d4\u5be8\u7684\u8fdb\u53e3\u603b\u503c\u5219\u6025\u5347\uff0c\u5347\u5e45\u5206\u522b\u4e3a62.28%\u548c73.6%\uff0c\u5176\u4e2d\u673a\u68b0\u548c\u7535\u5b50\u8bbe\u5907\u7684\u589e\u5e45\u5c24\u4e3a\u663e\u7740\u3002\u6b64\u5916\uff0c\u7f8e\u56fd\u4ece\u4e0a\u5c4a\u603b\u7edf\u7279\u6717\u666e\u5f00\u59cb\u63a8\u5c55\u7684\u672c\u5730\u751f\u4ea7\u8ba1\u5212\uff0c\u7531\u4e8e\u7f8e\u56fd\u4eba\u529b\u6210\u672c\u8f83\u9ad8\uff0c\u5176\u751f\u4ea7\u6210\u672c\u5fc5\u7136\u5927\u589e\uff1b\u52a0\u4e0a\u8fdb\u53e3\u6765\u6e90\u56fd\u7684\u8f6c\u79fb\uff0c\u4e3a\u7f8e\u56fd\u4ef7\u683c\u98d9\u5347\u57cb\u4e0b\u4f0f\u7b14\u3002 \u7b2c\u4e8c\uff0c\u4ea7\u4e1a\u94fe\u8c03\u6574\u548c\u8fdb\u53e3\u6765\u6e90\u5730\u7684\u6539\u53d8\uff0c\u63d0\u9ad8\u4e86\u8fdb\u53e3\u5546\u54c1\u4ef7\u683c\u3002\u6839\u636e\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u8d44\u6599\uff0c\u75ab\u60c5\u8086\u8650\u4ee5\u6765\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u6574\u4f53\u4ef7\u683c\u6307\u6570\u4ec5\u4e0a\u6da85.8%\uff0c\u5728\u5168\u7403\u8303\u56f4\u5185\u5c5e\u4f4e\u6c34\u5e73\uff0c\u4f46\u4ece\u4e1c\u5357\u4e9a\u56fd\u5bb6\u8054\u76df\u8fdb\u53e3\u7684\u5546\u54c1\u4ef7\u683c\u6307\u6570\u5219\u4e0a\u6da8\u4e867.2%\u3002\u7f8e\u56fd\u8fd9\u4e00\u5f03\u5ec9\u5c31\u8d35\u7684\u8fdb\u53e3\u6765\u6e90\u8f6c\u53d8\uff0c\u65e0\u7591\u63a8\u9ad8\u4e86\u4ea7\u54c1\u4ef7\u683c\u3002 \u6700\u540e\uff0c\u5728\u7ecf\u53862022\u5e74\u5f00\u59cb\u76848\u6b21\u52a0\u606f\u4e4b\u540e\uff0c\u7f8e\u56fd\u7684\u80fd\u6e90\u4ef7\u683c\u4e0a\u5347\u8d8b\u52bf\u5f97\u5230\u663e\u7740\u63a7\u5236\uff0c\u4ece\u6700\u9ad8\u70b9\u7684\u6708\u589e41.6%\uff082022\u5e746\u6708\uff09\u4e0b\u964d\u5230\u6708\u589e5.2%\uff082023\u5e742\u6708\uff09\u3002\u7136\u800c\uff0c\u98df\u54c1\u3001\u7535\u529b\u7b49\u5fc5\u9700\u54c1\u4ef7\u683c\u7684\u5347\u52bf\u867d\u7136\u5f97\u4ee5\u7f13\u548c\uff0c\u4f46\u8dcc\u52bf\u7f13\u6162\u3002\u7535\u529b\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u957f\u7387\u7531\u6700\u9ad8\u768415.8%\uff082022\u5e748\u6708\uff09\u4e0b\u964d\u523012.9%\uff082023\u5e742\u6708\uff09\u3002\u540c\u671f\u98df\u54c1\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u5e45\u7531\u6700\u9ad8\u768411.4%\u5fae\u964d\u81f39.5%\u3002\u4e0a\u8ff08\u6b21\u52a0\u606f\u5bf9\u80fd\u6e90\u4ee5\u5916\u7684\u5fc5\u9700\u54c1\u4ef7\u683c\u5f71\u54cd\u8f83\u5c0f\uff0c\u4e3b\u8981\u539f\u56e0\u6709\u4e24\u70b9\uff1a\u4e00\u65b9\u9762\uff0c\u4f9b\u5e94\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u751f\u4ea7\u6210\u672c\u4e0a\u5347\uff0c\u81ea\u7136\u63a8\u9ad8\u4ef7\u683c\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u8fd9\u4e9b\u5fc5\u9700\u54c1\u9700\u6c42\u5f39\u6027\u8f83\u5c0f\uff0c\u56e0\u6b64\u52a0\u606f\u65e0\u6cd5\u5927\u5e45\u964d\u4f4e\u5bf9\u8fd9\u4e9b\u5fc5\u9700\u54c1\u7684\u9700\u6c42\u3002 \u987b\u4ece\u6cbb\u672c\u5165\u624b \u7b14\u8005\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u81ea2021\u5e74\u5f00\u59cb\u7684\u9ad8\u901a\u8d27\u81a8\u80c0\u6709\u522b\u4e8e\u4ece\u524d\uff0c\u4e3b\u8981\u5728\u4e8e\u9006\u5168\u7403\u5316\u53ca\u5168\u7403\u4ea7\u4e1a\u94fe\u56e0\u5730\u7f18\u653f\u6cbb\u7684\u8f6c\u79fb\u63a8\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u5168\u7403\u5316\u5e03\u5c40\u6614\u65e5\u4ee5\u7ecf\u6d4e\u56e0\u7d20\u4e3a\u4e3b\u8981\u8003\u91cf\u7684\u4f9b\u5e94\u94fe\u4f53\u7cfb\uff0c\u5411\u66f4\u591a\u8003\u8651\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u7684\u5168\u65b0\u4f9b\u5e94\u94fe\u4f53\u7cfb\u8f6c\u5316\uff0c\u8fc7\u7a0b\u4e2d\u96be\u514d\u5bfc\u81f4\u4ef7\u683c\u4e0a\u5347\uff0c\u4f4e\u9700\u6c42\u5f39\u6027\u7684\u5fc5\u9700\u54c1\u5c24\u5176\u5982\u6b64\u3002\u8fd9\u4e5f\u80fd\u89e3\u91ca\u4e3a\u4f55\u6b64\u8f6e\u901a\u80c0\u5982\u6b64\u8fc5\u731b\uff0c\u903c\u5f97\u8054\u50a8\u5c40\u8fde\u756a\u52a0\u606f\uff0c\u4f46\u6548\u679c\u5374\u4e0d\u5982\u9884\u671f\u3002 \u603b\u4f53\u6765\u770b\uff0c\u8054\u50a8\u5c402022\u5e74\u4ee5\u6765\u91cd\u62f3\u52a0\u606f\u4ee5\u904f\u6291\u901a\u80c0\u7684\u653f\u7b56\uff0c\u7a0d\u6709\u523b\u821f\u6c42\u5251\u4e4b\u5acc\u3002\u4e0d\u4ec5\u65e0\u6cd5\u89e3\u51b3\u5168\u7403\u4f9b\u5e94\u94fe\u8f6c\u79fb\u6240\u5f15\u53d1\u7684\u6210\u672c\u589e\u52a0\u95ee\u9898\uff0c\u53cd\u800c\u53ef\u80fd\u5236\u9020\u8bf8\u5982\u77fd\u8c37\u94f6\u884c\u4e4b\u7c7b\u7684\u5371\u673a\u3002 \u5f53\u5c40\u5e94\u5934\u75db\u533b\u5934\uff0c\u4e14\u987b\u5bf9\u75c7\u4e0b\u836f\uff0c\u6b63\u672c\u6e05\u6e90\uff0c\u4ece\u751f\u4ea7\u6210\u672c\u7740\u624b\uff0c\u8bbe\u6cd5\u89e3\u51b3\u56e0\u4e3a\u5168\u7403\u4ea7\u4e1a\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u6210\u672c\u4e0a\u5347\u95ee\u9898\uff0c\u81f4\u529b\u4e8e\u5728\u65b0\u7684\u4ea7\u4e1a\u94fe\u964d\u4f4e\u6210\u672c\uff0c\u6216\u5bfb\u6c42\u6784\u5efa\u66f4\u5177\u7ecf\u6d4e\u6548\u76ca\u7684\u4ea7\u4e1a\u94fe\u4f53\u7cfb\u3002 \u674e\u6676\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u5de5\u5546\u7ba1\u7406\u5b66\u5b66\u58eb\uff08\u56fd\u9645\u5546\u4e1a\u53ca\u73af\u7403\u7ba1\u7406\uff09\u8bfe\u7a0b\u526f\u603b\u76d1 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e09\u6708\u4e8c\u5341\u4e8c\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09","inLanguage":"zh-CN","isPartOf":{"@id":"https:\/\/www.hkubs.hku.hk\/sc\/#website"},"breadcrumb":{"@id":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/#breadcrumblist"},"datePublished":"2023-03-23T09:18:34+08:00","dateModified":"2023-03-23T09:22:14+08:00"},{"@type":"WebSite","@id":"https:\/\/www.hkubs.hku.hk\/sc\/#website","url":"https:\/\/www.hkubs.hku.hk\/sc\/","name":"HKU Business School","inLanguage":"zh-CN","publisher":{"@id":"https:\/\/www.hkubs.hku.hk\/sc\/#organization"}}]},"og:locale":"en_US","og:site_name":"HKU Business School -","og:type":"article","og:title":"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d - HKU Business School","og:description":"3\u670810\u65e5\uff0c\u4f5c\u4e3a\u7f8e\u56fd\u5728\u521b\u79d1\u9886\u57df\u6700\u91cd\u8981\u7684\u94f6\u884c\uff0c\u77fd\u8c37\u94f6\u884c\u572848\u5c0f\u65f6\u5185\u7a81\u7136\u5ba3\u5e03\u7834\u4ea7\uff0c\u65e0\u7591\u662f\u8fd1\u5e74\u6765\u9707\u64bc\u5168\u7403\u7684\u91d1\u878d\u4e8b\u4ef6\u3002\u867d\u7136\u56e0\u4e3a\u7f8e\u56fd\u8054\u90a6\u518d\u4fdd\u9669\u516c\u53f8\u5feb\u901f\u4ecb\u5165\u548c\u7f8e\u56fd\u653f\u5e9c\u6258\u5e95\uff0c\u907f\u514d\u4e86\u5371\u673a\u5411\u5176\u4ed6\u91d1\u878d\u673a\u6784\u548c\u5b9e\u4f53\u7ecf\u6d4e\u5927\u89c4\u6a21\u8513\u5ef6\uff0c\u4f46\u5df2\u53cd\u6620\u51fa\u8054\u90a6\u50a8\u5907\u5c40\uff08\u8054\u50a8\u5c40\uff09\u81ea2022\u5e74\u4ee5\u6765\u591a\u8f6e\u52a0\u606f\u5bf9\u91d1\u878d\u548c\u7ecf\u6d4e\u5e26\u6765\u7684\u5de8\u5927\u51b2\u51fb\u3002 \u4e8b\u5b9e\u4e0a\uff0c\u8054\u50a8\u5c40\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u57283\u67087\u65e5\u56fd\u4f1a\u542c\u8bc1\u4f1a\u4e0a\u900f\u9732\uff0c\u5c06\u6301\u7eed\u52a0\u606f\u5bf9\u6297\u901a\u80c0\uff0c\u65e0\u7591\u6210\u4e3a\u77fd\u8c37\u94f6\u884c\u7206\u96f7\u7684\u5bfc\u706b\u7ebf\u3002 \u65e0\u72ec\u6709\u5076\uff0c\u968f\u540e\u7b2c\u4e00\u5171\u548c\u94f6\u884c\u7684\u80a1\u4ef7\u57285\u5929\u5185\u66b4\u8dcc\u8d85\u8fc770%\uff0cSignature Bank\u548cSilvergate Bank\u5ba3\u5e03\u505c\u4e1a\uff0c\u90fd\u4e0e\u8054\u50a8\u5c40\u53bb\u5e74\u81f3\u4eca\u6781\u4e3a\u4e25\u5389\u7684\u7d27\u7f29\u653f\u7b56\u5bc6\u5207\u76f8\u5173\u3002\u5176\u540e\uff0c\u745e\u58eb\u91d1\u878d\u5de8\u5934\u745e\u58eb\u4fe1\u8d37\u96c6\u56e2\u4e5f\u7206\u51fa\u5371\u673a\uff0c\u5e02\u573a\u96be\u514d\u62c5\u5fe7\u7f8e\u56fd\u94f6\u884c\u4e1a\u7684\u5371\u673a\u751a\u81f3\u6709\u5411\u6b27\u6d32\u8513\u5ef6\u7684\u8d8b\u52bf\u3002 \u65e7\u74f6\u65b0\u9152\u65e0\u6d4e\u4e8e\u4e8b \u8054\u50a8\u5c40\u8fd9\u4e00\u5e74\u6765\u63a5\u4e8c\u8fde\u4e09\u7684\u52a0\u606f\u63aa\u65bd\uff0c\u6e90\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u4ece2021\u5e74\u4ee5\u6765\u9762\u4e34\u7684\u6301\u7eed\u9ad8\u901a\u80c0\u30022020\u5e74\u521d\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\uff0c\u5168\u7403\u7ecf\u6d4e\u9762\u4e34\u91cd\u521b\u3002\u4e3a\u4e86\u7a33\u5b9a\u7ecf\u6d4e\u3001\u523a\u6fc0\u53d1\u5c55\uff0c\u8054\u50a8\u5c40\u4e8e\u540c\u5e743\u6708\u8fde\u7eed\u4e24\u6b21\u5927\u5e45\u4e0b\u8c03\u57fa\u51c6\u5229\u7387\uff0c\u4f7f\u5f97\u5229\u7387\u533a\u95f4\u63a5\u8fd1\u96f6\u3002\u7136\u800c\uff0c\u968f\u7740\u75ab\u60c5\u9010\u6b65\u8d8b\u7a33\uff0c\u9ad8\u901a\u80c0\u8f6c\u800c\u6210\u4e3a\u7f8e\u56fd\u7ecf\u6d4e\u7684\u4e3b\u65cb\u5f8b\u30022022\u5e74\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u6da8\u5e45\u6700\u9ad8\u8fbe\u52309.1%\uff0c\u521b\u4e0b\u8fd140\u5e74\u5185\u5386\u53f2\u65b0\u9ad8\u3002 \u5728\u9ad8\u901a\u80c0\u7684\u538b\u529b\u4e0b\uff0c\u8054\u50a8\u5c40\u4e8e2022\u5e74\u5e74\u521d\u5f00\u59cb\u8fde\u7eed8\u6b21\u4e0a\u8c03\u57fa\u51c6\u5229\u7387\u3002\u622a\u81f32023\u5e742\u6708\uff0c\u5229\u7387\u533a\u95f4\u4ece\u63a5\u8fd1\u96f6\u98d9\u5347\u81f34.5%\u4e0e4.75%\u4e4b\u95f4\u3002\u5728\u4e00\u8fde\u4e32\u52a0\u606f\u731b\u836f\u7684\u4f5c\u7528\u4e0b\uff0c\u901a\u8d27\u81a8\u80c0\u7684\u589e\u901f\u867d\u7136\u6709\u6240\u7f13\u548c\uff0c\u4f46\u6574\u4f53\u6c34\u5e73\u4ecd\u7136\u5c45\u9ad8\u4e0d\u4e0b\u3002\u622a\u81f32022\u5e7412\u6708\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u589e\u52a06.5%\uff0c\u4ecd\u7136\u663e\u7740\u9ad8\u4e8e\u8054\u50a8\u5c40\u8bbe\u5b9a\u76842%\u957f\u671f\u901a\u80c0\u76ee\u6807\u3002\u672c\u6708\u4e2d\u77fd\u8c37\u94f6\u884c\u7b49\u4e8b\u4ef6\u76f8\u7ee7\u51fa\u73b0\uff0c\u66f4\u7a81\u663e\u51fa\u66b4\u529b\u52a0\u606f\u5728\u5e94\u5bf9\u6b64\u8f6e\u901a\u80c0\u65b9\u9762\u5df2\u529b\u4e0d\u4ece\u5fc3\u3002 \u4ee4\u4eba\u987e\u8651\u7684\u662f\uff0c\u5728\u52a0\u606f\u653f\u7b56\u8fd8\u672a\u5b9e\u73b0\u7a33\u5b9a\u5e02\u573a\u7684\u65f6\u5019\uff0c\u5176\u526f\u4f5c\u7528\u5df2\u7ecf\u6084\u7136\u88ad\u6765\u3002\u51cf\u606f\u4fc3\u589e\u957f\uff0c\u52a0\u606f\u63a7\u901a\u80c0\uff0c\u8fd9\u4e00\u4f20\u7edf\u8d27\u5e01\u653f\u7b56\u5411\u6765\u5e7f\u88ab\u4e16\u754c\u5404\u56fd\u91c7\u7528\uff0c\u4e3a\u4f55\u8fd9\u6b21\u5728\u7f8e\u56fd\u5374\u770b\u4f3c\u4e0d\u7075\u4e86\uff1f \u4ea7\u4e1a\u94fe\u91cd\u6784\u6210\u672c\u5347 \u52a0\u606f\u96be\u594f\u6548 \u7b14\u8005\u8ba4\u4e3a\uff0c\u4e2a\u4e2d\u5173\u952e\u5728\u4e8e\u6b64\u6b21\u901a\u80c0\u7684\u6210\u56e0\u548c\u4ee5\u524d\u6709\u7740\u672c\u8d28\u7684\u4e0d\u540c\u3002\u9664\u4e86\u80fd\u6e90\u4ef7\u683c\u66b4\u6da8\u8fd9\u4e00\u8bf1\u56e0\uff0c\u6b64\u6b21\u901a\u80c0\u6df1\u53d7\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\u7684\u5f71\u54cd\u3002\u4e2d\u7f8e\u8d38\u6613\u6218\u3001\u4fc4\u4e4c\u6218\u4e89\uff0c\u4ee5\u53ca\u9006\u5168\u7403\u5316\u5bfc\u81f4\u4ea7\u4e1a\u94fe\u5e03\u5c40\u4e0d\u518d\u4ec5\u4ec5\u57fa\u4e8e\u7ecf\u6d4e\u6210\u672c\uff0c\u53cd\u800c\u504f\u91cd\u4e8e\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u3002\u8fd9\u5bfc\u81f4\u53d1\u8fbe\u56fd\u5bb6\u7684\u8fdb\u53e3\u4ea7\u54c1\u751f\u4ea7\u6210\u672c\u63d0\u9ad8\uff0c\u91c7\u8d2d\u4ef7\u683c\u81ea\u7136\u63d0\u9ad8\uff0c\u76f8\u5e94\u63a8\u9ad8\u901a\u8d27\u81a8\u80c0\u3002\u7531\u4e8e\u5f88\u591a\u751f\u6d3b\u7528\u54c1\u662f\u521a\u9700\u4ea7\u54c1\uff0c\u6291\u5236\u9700\u6c42\u7684\u7d27\u7f29\u653f\u7b56\u96be\u4ee5\u89e3\u51b3\u4f9b\u5e94\u94fe\u8c03\u6574\u5e26\u6765\u7684\u6210\u672c\u95ee\u9898\uff0c\u56e0\u6b64\u5f88\u96be\u594f\u6548\u3002 \u9996\u5148\uff0c\u5730\u7f18\u653f\u6cbb\u56e0\u7d20\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u7684\u5f71\u54cd\uff0c\u52a0\u901f\u4e86\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\uff0c\u63d0\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u8fd9\u5728\u4f17\u591a\u4ea7\u4e1a\u62a5\u544a\u4e2d\u90fd\u6709\u9610\u8ff0\u3002\u4e00\u65b9\u9762\u90e8\u5206\u53d1\u8fbe\u56fd\u5bb6\u547c\u5401\u5236\u9020\u4e1a\u56de\u6d41\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u5168\u7403\u4ea7\u4e1a\u94fe\u7684\u5206\u5e03\u6b63\u4ece\u8bb2\u7a76\u6548\u7387\u8f6c\u4e3a\u91cd\u89c6\u653f\u6cbb\u5b89\u5168\uff0c\u7ecf\u6d4e\u6548\u7387\u4e0d\u518d\u662f\u4ea7\u4e1a\u94fe\u5e03\u5c40\u3001\u8d38\u6613\u548c\u6295\u8d44\u7684\u552f\u4e00\u9a71\u52a8\u529b\u3002 \u4f53\u73b0\u5728\u8fdb\u53e3\u4e0a\uff0c\u4ece2018\u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u7206\u53d1\u81f32020\u5e74\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\u524d\u5915\uff0c\u7f8e\u56fd\u6574\u4f53\u8fdb\u53e3\u6c34\u5e73\u5448\u73b0\u4e0b\u964d\u8d8b\u52bf\uff0c\u4e14\u8fdb\u53e3\u6765\u6e90\u56fd\u51fa\u73b0\u663e\u7740\u8f6c\u79fb\u3002World Integrated Trade Solution\u7684\u8d44\u6599\u663e\u793a\uff0c\u4ece2018\u5e741\u6708\u81f32020\u5e741\u6708\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u603b\u503c\u4e0b\u964d18.83%\uff0c\u540c\u671f\u4ece\u8d8a\u5357\u3001\u67ec\u57d4\u5be8\u7684\u8fdb\u53e3\u603b\u503c\u5219\u6025\u5347\uff0c\u5347\u5e45\u5206\u522b\u4e3a62.28%\u548c73.6%\uff0c\u5176\u4e2d\u673a\u68b0\u548c\u7535\u5b50\u8bbe\u5907\u7684\u589e\u5e45\u5c24\u4e3a\u663e\u7740\u3002\u6b64\u5916\uff0c\u7f8e\u56fd\u4ece\u4e0a\u5c4a\u603b\u7edf\u7279\u6717\u666e\u5f00\u59cb\u63a8\u5c55\u7684\u672c\u5730\u751f\u4ea7\u8ba1\u5212\uff0c\u7531\u4e8e\u7f8e\u56fd\u4eba\u529b\u6210\u672c\u8f83\u9ad8\uff0c\u5176\u751f\u4ea7\u6210\u672c\u5fc5\u7136\u5927\u589e\uff1b\u52a0\u4e0a\u8fdb\u53e3\u6765\u6e90\u56fd\u7684\u8f6c\u79fb\uff0c\u4e3a\u7f8e\u56fd\u4ef7\u683c\u98d9\u5347\u57cb\u4e0b\u4f0f\u7b14\u3002 \u7b2c\u4e8c\uff0c\u4ea7\u4e1a\u94fe\u8c03\u6574\u548c\u8fdb\u53e3\u6765\u6e90\u5730\u7684\u6539\u53d8\uff0c\u63d0\u9ad8\u4e86\u8fdb\u53e3\u5546\u54c1\u4ef7\u683c\u3002\u6839\u636e\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u8d44\u6599\uff0c\u75ab\u60c5\u8086\u8650\u4ee5\u6765\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u6574\u4f53\u4ef7\u683c\u6307\u6570\u4ec5\u4e0a\u6da85.8%\uff0c\u5728\u5168\u7403\u8303\u56f4\u5185\u5c5e\u4f4e\u6c34\u5e73\uff0c\u4f46\u4ece\u4e1c\u5357\u4e9a\u56fd\u5bb6\u8054\u76df\u8fdb\u53e3\u7684\u5546\u54c1\u4ef7\u683c\u6307\u6570\u5219\u4e0a\u6da8\u4e867.2%\u3002\u7f8e\u56fd\u8fd9\u4e00\u5f03\u5ec9\u5c31\u8d35\u7684\u8fdb\u53e3\u6765\u6e90\u8f6c\u53d8\uff0c\u65e0\u7591\u63a8\u9ad8\u4e86\u4ea7\u54c1\u4ef7\u683c\u3002 \u6700\u540e\uff0c\u5728\u7ecf\u53862022\u5e74\u5f00\u59cb\u76848\u6b21\u52a0\u606f\u4e4b\u540e\uff0c\u7f8e\u56fd\u7684\u80fd\u6e90\u4ef7\u683c\u4e0a\u5347\u8d8b\u52bf\u5f97\u5230\u663e\u7740\u63a7\u5236\uff0c\u4ece\u6700\u9ad8\u70b9\u7684\u6708\u589e41.6%\uff082022\u5e746\u6708\uff09\u4e0b\u964d\u5230\u6708\u589e5.2%\uff082023\u5e742\u6708\uff09\u3002\u7136\u800c\uff0c\u98df\u54c1\u3001\u7535\u529b\u7b49\u5fc5\u9700\u54c1\u4ef7\u683c\u7684\u5347\u52bf\u867d\u7136\u5f97\u4ee5\u7f13\u548c\uff0c\u4f46\u8dcc\u52bf\u7f13\u6162\u3002\u7535\u529b\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u957f\u7387\u7531\u6700\u9ad8\u768415.8%\uff082022\u5e748\u6708\uff09\u4e0b\u964d\u523012.9%\uff082023\u5e742\u6708\uff09\u3002\u540c\u671f\u98df\u54c1\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u5e45\u7531\u6700\u9ad8\u768411.4%\u5fae\u964d\u81f39.5%\u3002\u4e0a\u8ff08\u6b21\u52a0\u606f\u5bf9\u80fd\u6e90\u4ee5\u5916\u7684\u5fc5\u9700\u54c1\u4ef7\u683c\u5f71\u54cd\u8f83\u5c0f\uff0c\u4e3b\u8981\u539f\u56e0\u6709\u4e24\u70b9\uff1a\u4e00\u65b9\u9762\uff0c\u4f9b\u5e94\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u751f\u4ea7\u6210\u672c\u4e0a\u5347\uff0c\u81ea\u7136\u63a8\u9ad8\u4ef7\u683c\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u8fd9\u4e9b\u5fc5\u9700\u54c1\u9700\u6c42\u5f39\u6027\u8f83\u5c0f\uff0c\u56e0\u6b64\u52a0\u606f\u65e0\u6cd5\u5927\u5e45\u964d\u4f4e\u5bf9\u8fd9\u4e9b\u5fc5\u9700\u54c1\u7684\u9700\u6c42\u3002 \u987b\u4ece\u6cbb\u672c\u5165\u624b \u7b14\u8005\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u81ea2021\u5e74\u5f00\u59cb\u7684\u9ad8\u901a\u8d27\u81a8\u80c0\u6709\u522b\u4e8e\u4ece\u524d\uff0c\u4e3b\u8981\u5728\u4e8e\u9006\u5168\u7403\u5316\u53ca\u5168\u7403\u4ea7\u4e1a\u94fe\u56e0\u5730\u7f18\u653f\u6cbb\u7684\u8f6c\u79fb\u63a8\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u5168\u7403\u5316\u5e03\u5c40\u6614\u65e5\u4ee5\u7ecf\u6d4e\u56e0\u7d20\u4e3a\u4e3b\u8981\u8003\u91cf\u7684\u4f9b\u5e94\u94fe\u4f53\u7cfb\uff0c\u5411\u66f4\u591a\u8003\u8651\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u7684\u5168\u65b0\u4f9b\u5e94\u94fe\u4f53\u7cfb\u8f6c\u5316\uff0c\u8fc7\u7a0b\u4e2d\u96be\u514d\u5bfc\u81f4\u4ef7\u683c\u4e0a\u5347\uff0c\u4f4e\u9700\u6c42\u5f39\u6027\u7684\u5fc5\u9700\u54c1\u5c24\u5176\u5982\u6b64\u3002\u8fd9\u4e5f\u80fd\u89e3\u91ca\u4e3a\u4f55\u6b64\u8f6e\u901a\u80c0\u5982\u6b64\u8fc5\u731b\uff0c\u903c\u5f97\u8054\u50a8\u5c40\u8fde\u756a\u52a0\u606f\uff0c\u4f46\u6548\u679c\u5374\u4e0d\u5982\u9884\u671f\u3002 \u603b\u4f53\u6765\u770b\uff0c\u8054\u50a8\u5c402022\u5e74\u4ee5\u6765\u91cd\u62f3\u52a0\u606f\u4ee5\u904f\u6291\u901a\u80c0\u7684\u653f\u7b56\uff0c\u7a0d\u6709\u523b\u821f\u6c42\u5251\u4e4b\u5acc\u3002\u4e0d\u4ec5\u65e0\u6cd5\u89e3\u51b3\u5168\u7403\u4f9b\u5e94\u94fe\u8f6c\u79fb\u6240\u5f15\u53d1\u7684\u6210\u672c\u589e\u52a0\u95ee\u9898\uff0c\u53cd\u800c\u53ef\u80fd\u5236\u9020\u8bf8\u5982\u77fd\u8c37\u94f6\u884c\u4e4b\u7c7b\u7684\u5371\u673a\u3002 \u5f53\u5c40\u5e94\u5934\u75db\u533b\u5934\uff0c\u4e14\u987b\u5bf9\u75c7\u4e0b\u836f\uff0c\u6b63\u672c\u6e05\u6e90\uff0c\u4ece\u751f\u4ea7\u6210\u672c\u7740\u624b\uff0c\u8bbe\u6cd5\u89e3\u51b3\u56e0\u4e3a\u5168\u7403\u4ea7\u4e1a\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u6210\u672c\u4e0a\u5347\u95ee\u9898\uff0c\u81f4\u529b\u4e8e\u5728\u65b0\u7684\u4ea7\u4e1a\u94fe\u964d\u4f4e\u6210\u672c\uff0c\u6216\u5bfb\u6c42\u6784\u5efa\u66f4\u5177\u7ecf\u6d4e\u6548\u76ca\u7684\u4ea7\u4e1a\u94fe\u4f53\u7cfb\u3002 \u674e\u6676\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u5de5\u5546\u7ba1\u7406\u5b66\u5b66\u58eb\uff08\u56fd\u9645\u5546\u4e1a\u53ca\u73af\u7403\u7ba1\u7406\uff09\u8bfe\u7a0b\u526f\u603b\u76d1 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e09\u6708\u4e8c\u5341\u4e8c\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09","og:url":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/","article:published_time":"2023-03-23T01:18:34+00:00","article:modified_time":"2023-03-23T01:22:14+00:00","twitter:card":"summary_large_image","twitter:title":"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d - HKU Business School","twitter:description":"3\u670810\u65e5\uff0c\u4f5c\u4e3a\u7f8e\u56fd\u5728\u521b\u79d1\u9886\u57df\u6700\u91cd\u8981\u7684\u94f6\u884c\uff0c\u77fd\u8c37\u94f6\u884c\u572848\u5c0f\u65f6\u5185\u7a81\u7136\u5ba3\u5e03\u7834\u4ea7\uff0c\u65e0\u7591\u662f\u8fd1\u5e74\u6765\u9707\u64bc\u5168\u7403\u7684\u91d1\u878d\u4e8b\u4ef6\u3002\u867d\u7136\u56e0\u4e3a\u7f8e\u56fd\u8054\u90a6\u518d\u4fdd\u9669\u516c\u53f8\u5feb\u901f\u4ecb\u5165\u548c\u7f8e\u56fd\u653f\u5e9c\u6258\u5e95\uff0c\u907f\u514d\u4e86\u5371\u673a\u5411\u5176\u4ed6\u91d1\u878d\u673a\u6784\u548c\u5b9e\u4f53\u7ecf\u6d4e\u5927\u89c4\u6a21\u8513\u5ef6\uff0c\u4f46\u5df2\u53cd\u6620\u51fa\u8054\u90a6\u50a8\u5907\u5c40\uff08\u8054\u50a8\u5c40\uff09\u81ea2022\u5e74\u4ee5\u6765\u591a\u8f6e\u52a0\u606f\u5bf9\u91d1\u878d\u548c\u7ecf\u6d4e\u5e26\u6765\u7684\u5de8\u5927\u51b2\u51fb\u3002 \u4e8b\u5b9e\u4e0a\uff0c\u8054\u50a8\u5c40\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u57283\u67087\u65e5\u56fd\u4f1a\u542c\u8bc1\u4f1a\u4e0a\u900f\u9732\uff0c\u5c06\u6301\u7eed\u52a0\u606f\u5bf9\u6297\u901a\u80c0\uff0c\u65e0\u7591\u6210\u4e3a\u77fd\u8c37\u94f6\u884c\u7206\u96f7\u7684\u5bfc\u706b\u7ebf\u3002 \u65e0\u72ec\u6709\u5076\uff0c\u968f\u540e\u7b2c\u4e00\u5171\u548c\u94f6\u884c\u7684\u80a1\u4ef7\u57285\u5929\u5185\u66b4\u8dcc\u8d85\u8fc770%\uff0cSignature Bank\u548cSilvergate Bank\u5ba3\u5e03\u505c\u4e1a\uff0c\u90fd\u4e0e\u8054\u50a8\u5c40\u53bb\u5e74\u81f3\u4eca\u6781\u4e3a\u4e25\u5389\u7684\u7d27\u7f29\u653f\u7b56\u5bc6\u5207\u76f8\u5173\u3002\u5176\u540e\uff0c\u745e\u58eb\u91d1\u878d\u5de8\u5934\u745e\u58eb\u4fe1\u8d37\u96c6\u56e2\u4e5f\u7206\u51fa\u5371\u673a\uff0c\u5e02\u573a\u96be\u514d\u62c5\u5fe7\u7f8e\u56fd\u94f6\u884c\u4e1a\u7684\u5371\u673a\u751a\u81f3\u6709\u5411\u6b27\u6d32\u8513\u5ef6\u7684\u8d8b\u52bf\u3002 \u65e7\u74f6\u65b0\u9152\u65e0\u6d4e\u4e8e\u4e8b \u8054\u50a8\u5c40\u8fd9\u4e00\u5e74\u6765\u63a5\u4e8c\u8fde\u4e09\u7684\u52a0\u606f\u63aa\u65bd\uff0c\u6e90\u4e8e\u7f8e\u56fd\u7ecf\u6d4e\u4ece2021\u5e74\u4ee5\u6765\u9762\u4e34\u7684\u6301\u7eed\u9ad8\u901a\u80c0\u30022020\u5e74\u521d\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\uff0c\u5168\u7403\u7ecf\u6d4e\u9762\u4e34\u91cd\u521b\u3002\u4e3a\u4e86\u7a33\u5b9a\u7ecf\u6d4e\u3001\u523a\u6fc0\u53d1\u5c55\uff0c\u8054\u50a8\u5c40\u4e8e\u540c\u5e743\u6708\u8fde\u7eed\u4e24\u6b21\u5927\u5e45\u4e0b\u8c03\u57fa\u51c6\u5229\u7387\uff0c\u4f7f\u5f97\u5229\u7387\u533a\u95f4\u63a5\u8fd1\u96f6\u3002\u7136\u800c\uff0c\u968f\u7740\u75ab\u60c5\u9010\u6b65\u8d8b\u7a33\uff0c\u9ad8\u901a\u80c0\u8f6c\u800c\u6210\u4e3a\u7f8e\u56fd\u7ecf\u6d4e\u7684\u4e3b\u65cb\u5f8b\u30022022\u5e74\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u6da8\u5e45\u6700\u9ad8\u8fbe\u52309.1%\uff0c\u521b\u4e0b\u8fd140\u5e74\u5185\u5386\u53f2\u65b0\u9ad8\u3002 \u5728\u9ad8\u901a\u80c0\u7684\u538b\u529b\u4e0b\uff0c\u8054\u50a8\u5c40\u4e8e2022\u5e74\u5e74\u521d\u5f00\u59cb\u8fde\u7eed8\u6b21\u4e0a\u8c03\u57fa\u51c6\u5229\u7387\u3002\u622a\u81f32023\u5e742\u6708\uff0c\u5229\u7387\u533a\u95f4\u4ece\u63a5\u8fd1\u96f6\u98d9\u5347\u81f34.5%\u4e0e4.75%\u4e4b\u95f4\u3002\u5728\u4e00\u8fde\u4e32\u52a0\u606f\u731b\u836f\u7684\u4f5c\u7528\u4e0b\uff0c\u901a\u8d27\u81a8\u80c0\u7684\u589e\u901f\u867d\u7136\u6709\u6240\u7f13\u548c\uff0c\u4f46\u6574\u4f53\u6c34\u5e73\u4ecd\u7136\u5c45\u9ad8\u4e0d\u4e0b\u3002\u622a\u81f32022\u5e7412\u6708\uff0c\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u540c\u6bd4\u589e\u52a06.5%\uff0c\u4ecd\u7136\u663e\u7740\u9ad8\u4e8e\u8054\u50a8\u5c40\u8bbe\u5b9a\u76842%\u957f\u671f\u901a\u80c0\u76ee\u6807\u3002\u672c\u6708\u4e2d\u77fd\u8c37\u94f6\u884c\u7b49\u4e8b\u4ef6\u76f8\u7ee7\u51fa\u73b0\uff0c\u66f4\u7a81\u663e\u51fa\u66b4\u529b\u52a0\u606f\u5728\u5e94\u5bf9\u6b64\u8f6e\u901a\u80c0\u65b9\u9762\u5df2\u529b\u4e0d\u4ece\u5fc3\u3002 \u4ee4\u4eba\u987e\u8651\u7684\u662f\uff0c\u5728\u52a0\u606f\u653f\u7b56\u8fd8\u672a\u5b9e\u73b0\u7a33\u5b9a\u5e02\u573a\u7684\u65f6\u5019\uff0c\u5176\u526f\u4f5c\u7528\u5df2\u7ecf\u6084\u7136\u88ad\u6765\u3002\u51cf\u606f\u4fc3\u589e\u957f\uff0c\u52a0\u606f\u63a7\u901a\u80c0\uff0c\u8fd9\u4e00\u4f20\u7edf\u8d27\u5e01\u653f\u7b56\u5411\u6765\u5e7f\u88ab\u4e16\u754c\u5404\u56fd\u91c7\u7528\uff0c\u4e3a\u4f55\u8fd9\u6b21\u5728\u7f8e\u56fd\u5374\u770b\u4f3c\u4e0d\u7075\u4e86\uff1f \u4ea7\u4e1a\u94fe\u91cd\u6784\u6210\u672c\u5347 \u52a0\u606f\u96be\u594f\u6548 \u7b14\u8005\u8ba4\u4e3a\uff0c\u4e2a\u4e2d\u5173\u952e\u5728\u4e8e\u6b64\u6b21\u901a\u80c0\u7684\u6210\u56e0\u548c\u4ee5\u524d\u6709\u7740\u672c\u8d28\u7684\u4e0d\u540c\u3002\u9664\u4e86\u80fd\u6e90\u4ef7\u683c\u66b4\u6da8\u8fd9\u4e00\u8bf1\u56e0\uff0c\u6b64\u6b21\u901a\u80c0\u6df1\u53d7\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\u7684\u5f71\u54cd\u3002\u4e2d\u7f8e\u8d38\u6613\u6218\u3001\u4fc4\u4e4c\u6218\u4e89\uff0c\u4ee5\u53ca\u9006\u5168\u7403\u5316\u5bfc\u81f4\u4ea7\u4e1a\u94fe\u5e03\u5c40\u4e0d\u518d\u4ec5\u4ec5\u57fa\u4e8e\u7ecf\u6d4e\u6210\u672c\uff0c\u53cd\u800c\u504f\u91cd\u4e8e\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u3002\u8fd9\u5bfc\u81f4\u53d1\u8fbe\u56fd\u5bb6\u7684\u8fdb\u53e3\u4ea7\u54c1\u751f\u4ea7\u6210\u672c\u63d0\u9ad8\uff0c\u91c7\u8d2d\u4ef7\u683c\u81ea\u7136\u63d0\u9ad8\uff0c\u76f8\u5e94\u63a8\u9ad8\u901a\u8d27\u81a8\u80c0\u3002\u7531\u4e8e\u5f88\u591a\u751f\u6d3b\u7528\u54c1\u662f\u521a\u9700\u4ea7\u54c1\uff0c\u6291\u5236\u9700\u6c42\u7684\u7d27\u7f29\u653f\u7b56\u96be\u4ee5\u89e3\u51b3\u4f9b\u5e94\u94fe\u8c03\u6574\u5e26\u6765\u7684\u6210\u672c\u95ee\u9898\uff0c\u56e0\u6b64\u5f88\u96be\u594f\u6548\u3002 \u9996\u5148\uff0c\u5730\u7f18\u653f\u6cbb\u56e0\u7d20\u4ee5\u53ca\u65b0\u51a0\u75ab\u60c5\u7684\u5f71\u54cd\uff0c\u52a0\u901f\u4e86\u5168\u7403\u4ea7\u4e1a\u94fe\u91cd\u6784\uff0c\u63d0\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u8fd9\u5728\u4f17\u591a\u4ea7\u4e1a\u62a5\u544a\u4e2d\u90fd\u6709\u9610\u8ff0\u3002\u4e00\u65b9\u9762\u90e8\u5206\u53d1\u8fbe\u56fd\u5bb6\u547c\u5401\u5236\u9020\u4e1a\u56de\u6d41\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u5168\u7403\u4ea7\u4e1a\u94fe\u7684\u5206\u5e03\u6b63\u4ece\u8bb2\u7a76\u6548\u7387\u8f6c\u4e3a\u91cd\u89c6\u653f\u6cbb\u5b89\u5168\uff0c\u7ecf\u6d4e\u6548\u7387\u4e0d\u518d\u662f\u4ea7\u4e1a\u94fe\u5e03\u5c40\u3001\u8d38\u6613\u548c\u6295\u8d44\u7684\u552f\u4e00\u9a71\u52a8\u529b\u3002 \u4f53\u73b0\u5728\u8fdb\u53e3\u4e0a\uff0c\u4ece2018\u5e74\u4e2d\u7f8e\u8d38\u6613\u6218\u7206\u53d1\u81f32020\u5e74\u65b0\u51a0\u75ab\u60c5\u7206\u53d1\u524d\u5915\uff0c\u7f8e\u56fd\u6574\u4f53\u8fdb\u53e3\u6c34\u5e73\u5448\u73b0\u4e0b\u964d\u8d8b\u52bf\uff0c\u4e14\u8fdb\u53e3\u6765\u6e90\u56fd\u51fa\u73b0\u663e\u7740\u8f6c\u79fb\u3002World Integrated Trade Solution\u7684\u8d44\u6599\u663e\u793a\uff0c\u4ece2018\u5e741\u6708\u81f32020\u5e741\u6708\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u603b\u503c\u4e0b\u964d18.83%\uff0c\u540c\u671f\u4ece\u8d8a\u5357\u3001\u67ec\u57d4\u5be8\u7684\u8fdb\u53e3\u603b\u503c\u5219\u6025\u5347\uff0c\u5347\u5e45\u5206\u522b\u4e3a62.28%\u548c73.6%\uff0c\u5176\u4e2d\u673a\u68b0\u548c\u7535\u5b50\u8bbe\u5907\u7684\u589e\u5e45\u5c24\u4e3a\u663e\u7740\u3002\u6b64\u5916\uff0c\u7f8e\u56fd\u4ece\u4e0a\u5c4a\u603b\u7edf\u7279\u6717\u666e\u5f00\u59cb\u63a8\u5c55\u7684\u672c\u5730\u751f\u4ea7\u8ba1\u5212\uff0c\u7531\u4e8e\u7f8e\u56fd\u4eba\u529b\u6210\u672c\u8f83\u9ad8\uff0c\u5176\u751f\u4ea7\u6210\u672c\u5fc5\u7136\u5927\u589e\uff1b\u52a0\u4e0a\u8fdb\u53e3\u6765\u6e90\u56fd\u7684\u8f6c\u79fb\uff0c\u4e3a\u7f8e\u56fd\u4ef7\u683c\u98d9\u5347\u57cb\u4e0b\u4f0f\u7b14\u3002 \u7b2c\u4e8c\uff0c\u4ea7\u4e1a\u94fe\u8c03\u6574\u548c\u8fdb\u53e3\u6765\u6e90\u5730\u7684\u6539\u53d8\uff0c\u63d0\u9ad8\u4e86\u8fdb\u53e3\u5546\u54c1\u4ef7\u683c\u3002\u6839\u636e\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u8d44\u6599\uff0c\u75ab\u60c5\u8086\u8650\u4ee5\u6765\uff0c\u7f8e\u56fd\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u6574\u4f53\u4ef7\u683c\u6307\u6570\u4ec5\u4e0a\u6da85.8%\uff0c\u5728\u5168\u7403\u8303\u56f4\u5185\u5c5e\u4f4e\u6c34\u5e73\uff0c\u4f46\u4ece\u4e1c\u5357\u4e9a\u56fd\u5bb6\u8054\u76df\u8fdb\u53e3\u7684\u5546\u54c1\u4ef7\u683c\u6307\u6570\u5219\u4e0a\u6da8\u4e867.2%\u3002\u7f8e\u56fd\u8fd9\u4e00\u5f03\u5ec9\u5c31\u8d35\u7684\u8fdb\u53e3\u6765\u6e90\u8f6c\u53d8\uff0c\u65e0\u7591\u63a8\u9ad8\u4e86\u4ea7\u54c1\u4ef7\u683c\u3002 \u6700\u540e\uff0c\u5728\u7ecf\u53862022\u5e74\u5f00\u59cb\u76848\u6b21\u52a0\u606f\u4e4b\u540e\uff0c\u7f8e\u56fd\u7684\u80fd\u6e90\u4ef7\u683c\u4e0a\u5347\u8d8b\u52bf\u5f97\u5230\u663e\u7740\u63a7\u5236\uff0c\u4ece\u6700\u9ad8\u70b9\u7684\u6708\u589e41.6%\uff082022\u5e746\u6708\uff09\u4e0b\u964d\u5230\u6708\u589e5.2%\uff082023\u5e742\u6708\uff09\u3002\u7136\u800c\uff0c\u98df\u54c1\u3001\u7535\u529b\u7b49\u5fc5\u9700\u54c1\u4ef7\u683c\u7684\u5347\u52bf\u867d\u7136\u5f97\u4ee5\u7f13\u548c\uff0c\u4f46\u8dcc\u52bf\u7f13\u6162\u3002\u7535\u529b\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u957f\u7387\u7531\u6700\u9ad8\u768415.8%\uff082022\u5e748\u6708\uff09\u4e0b\u964d\u523012.9%\uff082023\u5e742\u6708\uff09\u3002\u540c\u671f\u98df\u54c1\u4ef7\u683c\u6708\u540c\u6bd4\u589e\u5e45\u7531\u6700\u9ad8\u768411.4%\u5fae\u964d\u81f39.5%\u3002\u4e0a\u8ff08\u6b21\u52a0\u606f\u5bf9\u80fd\u6e90\u4ee5\u5916\u7684\u5fc5\u9700\u54c1\u4ef7\u683c\u5f71\u54cd\u8f83\u5c0f\uff0c\u4e3b\u8981\u539f\u56e0\u6709\u4e24\u70b9\uff1a\u4e00\u65b9\u9762\uff0c\u4f9b\u5e94\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u751f\u4ea7\u6210\u672c\u4e0a\u5347\uff0c\u81ea\u7136\u63a8\u9ad8\u4ef7\u683c\uff1b\u53e6\u4e00\u65b9\u9762\uff0c\u8fd9\u4e9b\u5fc5\u9700\u54c1\u9700\u6c42\u5f39\u6027\u8f83\u5c0f\uff0c\u56e0\u6b64\u52a0\u606f\u65e0\u6cd5\u5927\u5e45\u964d\u4f4e\u5bf9\u8fd9\u4e9b\u5fc5\u9700\u54c1\u7684\u9700\u6c42\u3002 \u987b\u4ece\u6cbb\u672c\u5165\u624b \u7b14\u8005\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u81ea2021\u5e74\u5f00\u59cb\u7684\u9ad8\u901a\u8d27\u81a8\u80c0\u6709\u522b\u4e8e\u4ece\u524d\uff0c\u4e3b\u8981\u5728\u4e8e\u9006\u5168\u7403\u5316\u53ca\u5168\u7403\u4ea7\u4e1a\u94fe\u56e0\u5730\u7f18\u653f\u6cbb\u7684\u8f6c\u79fb\u63a8\u9ad8\u4e86\u751f\u4ea7\u6210\u672c\u3002\u5168\u7403\u5316\u5e03\u5c40\u6614\u65e5\u4ee5\u7ecf\u6d4e\u56e0\u7d20\u4e3a\u4e3b\u8981\u8003\u91cf\u7684\u4f9b\u5e94\u94fe\u4f53\u7cfb\uff0c\u5411\u66f4\u591a\u8003\u8651\u5730\u7f18\u653f\u6cbb\u7b49\u975e\u7ecf\u6d4e\u56e0\u7d20\u7684\u5168\u65b0\u4f9b\u5e94\u94fe\u4f53\u7cfb\u8f6c\u5316\uff0c\u8fc7\u7a0b\u4e2d\u96be\u514d\u5bfc\u81f4\u4ef7\u683c\u4e0a\u5347\uff0c\u4f4e\u9700\u6c42\u5f39\u6027\u7684\u5fc5\u9700\u54c1\u5c24\u5176\u5982\u6b64\u3002\u8fd9\u4e5f\u80fd\u89e3\u91ca\u4e3a\u4f55\u6b64\u8f6e\u901a\u80c0\u5982\u6b64\u8fc5\u731b\uff0c\u903c\u5f97\u8054\u50a8\u5c40\u8fde\u756a\u52a0\u606f\uff0c\u4f46\u6548\u679c\u5374\u4e0d\u5982\u9884\u671f\u3002 \u603b\u4f53\u6765\u770b\uff0c\u8054\u50a8\u5c402022\u5e74\u4ee5\u6765\u91cd\u62f3\u52a0\u606f\u4ee5\u904f\u6291\u901a\u80c0\u7684\u653f\u7b56\uff0c\u7a0d\u6709\u523b\u821f\u6c42\u5251\u4e4b\u5acc\u3002\u4e0d\u4ec5\u65e0\u6cd5\u89e3\u51b3\u5168\u7403\u4f9b\u5e94\u94fe\u8f6c\u79fb\u6240\u5f15\u53d1\u7684\u6210\u672c\u589e\u52a0\u95ee\u9898\uff0c\u53cd\u800c\u53ef\u80fd\u5236\u9020\u8bf8\u5982\u77fd\u8c37\u94f6\u884c\u4e4b\u7c7b\u7684\u5371\u673a\u3002 \u5f53\u5c40\u5e94\u5934\u75db\u533b\u5934\uff0c\u4e14\u987b\u5bf9\u75c7\u4e0b\u836f\uff0c\u6b63\u672c\u6e05\u6e90\uff0c\u4ece\u751f\u4ea7\u6210\u672c\u7740\u624b\uff0c\u8bbe\u6cd5\u89e3\u51b3\u56e0\u4e3a\u5168\u7403\u4ea7\u4e1a\u94fe\u8f6c\u79fb\u5e26\u6765\u7684\u6210\u672c\u4e0a\u5347\u95ee\u9898\uff0c\u81f4\u529b\u4e8e\u5728\u65b0\u7684\u4ea7\u4e1a\u94fe\u964d\u4f4e\u6210\u672c\uff0c\u6216\u5bfb\u6c42\u6784\u5efa\u66f4\u5177\u7ecf\u6d4e\u6548\u76ca\u7684\u4ea7\u4e1a\u94fe\u4f53\u7cfb\u3002 \u674e\u6676\u535a\u58eb \u6e2f\u5927\u7ecf\u7ba1\u5b66\u9662\u5de5\u5546\u7ba1\u7406\u5b66\u5b66\u58eb\uff08\u56fd\u9645\u5546\u4e1a\u53ca\u73af\u7403\u7ba1\u7406\uff09\u8bfe\u7a0b\u526f\u603b\u76d1 \uff08\u672c\u6587\u540c\u65f6\u4e8e\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e09\u6708\u4e8c\u5341\u4e8c\u65e5\u8f7d\u4e8e\u300a\u4fe1\u62a5\u300b\u300c\u9f99\u864e\u5c71\u4e0b\u300d\u4e13\u680f\uff09"},"aioseo_meta_data":{"post_id":"184406","title":null,"description":null,"keywords":[],"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":[],"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"WebPage","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":0,"ai":null,"created":"2023-03-22 03:07:02","updated":"2023-03-23 01:23:01","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.hkubs.hku.hk\/sc\/\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/hkej-column-sc\/\" title=\"\u9f99\u864e\u5c71\u4e0b\">\u9f99\u864e\u5c71\u4e0b<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.hkubs.hku.hk\/sc\/"},{"label":"\u9f99\u864e\u5c71\u4e0b","link":"https:\/\/www.hkubs.hku.hk\/sc\/thought-leadership\/hkej-column-sc\/"},{"label":"\u523b\u821f\u6c42\u5251\uff1f\u7f8e\u56fd\u5229\u7387\u653f\u7b56\u7684\u53cd\u601d","link":"https:\/\/www.hkubs.hku.hk\/sc\/research\/thought-leadership\/hkej-column\/%e5%88%bb%e8%88%9f%e6%b1%82%e5%89%91%ef%bc%9f%e7%be%8e%e5%9b%bd%e5%88%a9%e7%8e%87%e6%94%bf%e7%ad%96%e7%9a%84%e5%8f%8d%e6%80%9d\/"}],"_links":{"self":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership\/184406","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":4,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership\/184406\/revisions"}],"predecessor-version":[{"id":184429,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/thought-leadership\/184406\/revisions\/184429"}],"wp:attachment":[{"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/media?parent=184406"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hkubs.hku.hk\/sc\/wp-json\/wp\/v2\/tags?post=184406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}