Kissinger’s Legacy
On November 29th, former U.S. Secretary of State Henry Kissinger passed away at his home in Connecticut at the age of 100. With grand geopolitical strategic planning and skilful negotiation tactics, he shaped the global power structure since World War II.
An era has ended with Kissinger’s passing. During the Nixon administration, Kissinger engaged in prolonged and often frustrating secret diplomatic negotiations in Paris, leading to the signing of the Paris Peace Accords that contributed to the end of the Vietnam War. He formulated U.S. foreign policy towards the Soviet Union, with bold moves ushering in the end of the Cold War. One of Kissinger’s most significant achievements occurred on July 9, 1971, when he boarded a Boeing 707 bound for Beijing in Pakistan, secretly visiting China and facilitating the normalisation of relations between the United States and China.
Kissinger visited China over 100 times in his lifetime. In a previous interview with Caijing Magazine, Kissinger emphasised that the issue of U.S.-China relations lies not in the labels of the relationship but in its essence. The development of cooperative relations between the two countries is not a one-sided favour but is in line with the common interests of both parties.
Interview with HKEX CEO: Accelerating Reforms to Enhance Hong Kong’s International Competitiveness
In May 2021, Nicolas Aguzin became the first non-Chinese CEO of Hong Kong Exchanges and Clearing Limited (HKEX). Over his two and a half years in charge, the Hong Kong stock market has faced considerable challenges. Aguzin and his team have proposed a series of measures to improve the ecosystem of the Hong Kong market. In an exclusive interview with Caijing magazine, Aguzin identified three important tasks for HKEX: serving the real economy, connecting China and the world, and maintaining good market reputation and trust.
Attracting high-quality companies to list on HKEX has been a top priority for Aguzin. HKEX introduced Chapter 18C listing rules this year to attract specialist technology companies. As revealed by Aguzin, one technology company has submitted an IPO application under the new Chapter 18C rules.
The Two Sides of Flow Economy
“Celebrities have ceased live streaming” has recently become a trending topic on Chinese social media platform Weibo, sparking a debate about the battle between live-streaming e-commerce and the real economy.
Chen Bo, Director of the Digital Finance Research Centre at Central University of Finance and Economics, told Caijing that live-streaming sales have indeed created a certain impact on the real economy. The discount marketing of live-streaming sales may disrupt the original pricing system of goods and impact the profits of physical stores. Celebrities contribute relatively less in the production and supply chain and quickly form a monopolistic influence relying on traffic.
Weng Xi, a professor at Peking University Guanghua School of Management, pointed out that in the context of digital economy evolution and technological changes, there is a trend of redistribution with both positive and negative aspects.
How Difficult Is It to Train Cardiothoracic Surgeons in China?
In China, the number of cardiothoracic surgeons per 100,000 people is only 0.6, the number of lead surgeons who can independently perform surgeries is even fewer.
Caijing Magazine conducted an exclusive interview with Zheng Zhe, Party Secretary of Fuwai Hospital of the Chinese Academy of Medical Sciences and Party Secretary of the National Cardiovascular Center. As a first-class hospital specialising in cardiovascular diseases, Fuwai Hospital provides advanced training for cardiothoracic surgeons from all over the country.
The main reason why surgeons are precious is that the training period is exceptionally long. “We select a group of the most outstanding talents, provide them with lengthy professional training…I believe everyone can understand that they deserve a decent income in return for their efforts,” Zheng said.
