https://www.scmp.com/rss/510367/feed Surendra Rosha is co-chief executive, Asia-Pacific, at HSBC. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Surendra Rosha Surendra Rosha Much of the debate around central bank digital currencies (CBDCs) has focused on their domestic impact, but they have the potential to transform the most fundamental building blocks of international economic activity by creating new opportunities for faster, cheaper and more secure cross-border payments. CBDCs have enormous potential, but as with any disruptive new technology, they must be designed carefully to ensure the costs of change do not outweigh the benefits. More than 100 countries,... https://www.scmp.com/comment/opinion/article/3208507/how-unleash-potential-cbdcs-without-disrupting-commercial-banking?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3208507/how-unleash-potential-cbdcs-without-disrupting-commercial-banking?utm_source=rss_feed Tue, 31 Jan 2023 08:30:09 +0000 Covid-19 has not been beaten yet, but as vaccines become more broadly available, we need to look beyond the successes of individual countries to what a global recovery should look like. The pandemic remains a global challenge. China was the only major economy that managed to avoid contracting during 2020, and even then growth was about a third of its normal level. The recovery in China and the US should not blind us to the fact that the future prosperity of every nation is inextricably tied to... https://www.scmp.com/comment/opinion/article/3142218/why-sustainable-global-recovery-cant-afford-leave-any-country?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3142218/why-sustainable-global-recovery-cant-afford-leave-any-country?utm_source=rss_feed Sat, 24 Jul 2021 22:45:17 +0000