Historically, Hong Kong’s ethnic minorities, although permanent residents, have faced considerable difficulties in obtaining visas to enter the mainland. The new permit simplifies the process and recognises the contributions of non-Chinese permanent residents to the city’s development.
Furthermore, facilitating “northbound” travel complements other recent initiatives to promote the “southbound and northbound” flow of talent. These efforts include the approval of the Greater Bay Area’s “southbound” exit for talent bound for Beijing and Shanghai, the extension of the period of stay in Hong Kong for business visits, and the introduction of the “northbound” multiple-entry visa. Together, these measures create a solid framework for the smooth flow of talent, further integrating Hong Kong into the national development narrative.
Hong Kong’s ethnic minorities are very happy and grateful to the central and Hong Kong governments for this support, which improves their mobility and strengthens their ties with Hong Kong and mainland China.
Muhammad Fakhrul Islam Babu, Secretary General, China-Bangladesh Friendship Center
Circuit breakers needed during typhoon-related trade
Perhaps consideration should be given to introducing circuit breakers during these trading periods to prevent algorithmic trading systems from creating exceptional moves.
Duncan Hancock, Lamma Island
Dogecoin May Be Down, But It’s Not Out
Finding the best price to invest in cryptocurrencies is always tricky. On the winter solstice of 2022, I was lucky enough to be able to buy a Bitcoin for less than $17,000. Wondering if I could repeat the Midas technique on the summer solstice, I bought 10,000 Dogecoins.
Dogecoin is like a flower that blooms once every four years. The last time Dogecoin reached an all-time high of $0.74 was in May 2021. Today, it is worth less than 20% of that amount.
Finding the best purchase price requires some instinct, but as long as you can ensure capital protection, as investment magnate Warren Buffett advises, you should be fine.
While some are concerned that there is no cap on the number of Dogecoins available on the market, we have also long lost track of the supply of US dollars, as the Federal Reserve no longer reveals its M3 figures.
I don’t care if my Dogecoins can be used to buy breakfast at McDonald’s or a Tesla SUV. However, it makes economic sense for people in countries like Argentina to convert their declining currencies into Dogecoin.
It may be a while before Dogecoin starts to rally again. But with more and more people turning to Bitcoin instead of precious metals, the need for a legal tender for cryptocurrencies is becoming clear.
Wei Jingui, Chongqing
