In the Media

在3月22日，超過1800名科技界領袖簽署了一份請願書，呼籲暫停開發比GPT-4更強大的人工智能（Artificial Intelligence, AI）系統至少6個月，簽署者包括特斯拉的聯合創辦人伊隆．馬斯克（Elon Musk）、認知科學家加里．馬庫斯（Gary Marcus）、蘋果聯合創始人史蒂夫．沃茲尼亞克（Steve Wozniak），以及Amazon、DeepMind、Google、Meta和Microsoft等主要科技公司的工程師。

在和端傳媒的訪談中，陳志武談論到中國經濟的復甦困難，和在目前地緣政治局面與國家管制的情況下面臨的雙重困境，以及在接下來的發展過程中會出現的方向變化：我們在過去二三十年目睹的中國經濟增長與普通人生活改善的路徑，在未來也許會發生徹底的轉變。

香港新冠疫情平穩後，筆者近日前往美國，走訪多間著名大學。雖然美國疫情之後麻煩不斷，通脹頑固不退，矽谷銀行的擠提，更添經濟衰退隱憂，加上政黨激烈對立等等，但其無比雄厚的研究實力，領先全球的創新能力，依然堅固且不斷加強。

證券型代幣發行（Security Token Offering；簡稱STO）指在符合證券市場的監管要求下，利用日新月異的區塊鏈技術，將股票、房地產、古董等有形和無形資產代幣化的一種企業融資途徑。證券型代幣的底層技術是區塊鏈，以此進行的每項交易都屬匿名，並公開記賬，所用代幣標誌對有關資產或證券的擁有權。所有STO交易都會儲存於數碼交易分類賬中，以免資料遭任意篡改，既高度透明，也高度安全。

China has encountered its share of financial distress during its decades-long transition to a modern industrial economy, but regulators have used their considerable powers to repeatedly prevent catastrophe.

3月10日，作為美國在創科領域最重要的銀行，矽谷銀行在48小時內突然宣布破產，無疑是近年來震撼全球的金融事件。雖然因為美國聯邦再保險公司快速介入和美國政府托底，避免了危機向其他金融機構和實體經濟大規模蔓延，但已反映出聯邦儲備局（聯儲局）自2022年以來多輪加息對金融和經濟帶來的巨大衝擊。

Chinese companies that did business with SVB in the U.S. also have plenty of options as they join the rush to find a new bank. But SVB’s collapse may make firms think twice before relying on smaller, regional banks. “There is a shift going on,” says Zhiwu Chen, a finance professor at the University of Hong Kong. “Everyone I know has been moving money from small banks into big ones.” Chen says that some of the companies he advises are concerned about this transition, fearing that they may not get the sort of specialized or preferential service from large banks that they enjoyed with SVB.

"Confidence has been very much shattered," said Zhiwu Chen, a professor and chair of finance at the University of Hong Kong's business school. "The government's desire to have private equity and venture capital invest more is very much undermined," he added.

But other voices believe the cards are stacked against Hong Kong’s long-term revival and continued prosperity.“The Hong Kong government people try pretty hard, but they are going against headwinds,” says Zhiwu Chen,professor of finance and director of the Institute for Humanities and Social Sciences at the University of HongKong. “Recent changes have made it tough for mainland billionaires to set up their family offices in Hong Kong,”now under the ultimate jurisdiction of the Beijing authorities. “For that reason alone, Singapore has becomethe favourite destination for mainland billionaires.”