文章:亂世中的黃金機遇：香港如何從「融入國家」走向「服務大局」
筆者近日留意到一則值得高度關注的新聞：據《彭博》報道，香港正積極邀請與中國友好的各國央行，參與即將推出的黃金結算系統，目標是將香港打造成倫敦以外的另一個全球黃金交易中心。表面上看，這是一則金融基建的消息；但細心拆解，當中蘊含的戰略意義、時代機遇以及香港角色的升華，遠超一般人的想像。
中東戰亂：香港的「安全港」優勢被急劇放大
首先，我們必須把這個計劃放在最新的國際地緣政治背景下審視。中東戰亂持續升溫，無論是紅海航道危機、產油國區域衝突，還是西方對部分國家實施的金融制裁，都讓全球央行——尤其是發展中國家的央行——對資產安全產生前所未有的焦慮。黃金作為最傳統的避險資產，其儲存與結算的中心一旦受到地緣政治干擾，後果不堪設想。
倫敦固然是百年黃金交易中心，但正因為它深深嵌入西方金融體系，對於那些不希望「把所有雞蛋放在西方籃子裡」的國家而言，倫敦並非毫無風險的選擇。此時，香港的獨特價值就浮現了：香港擁有「一國兩制」下的普通法體系、資金自由進出、聯繫匯率穩定，而且遠離中東火藥桶。 更重要的是，香港是中國的國際金融中心，而中國本身是全球最大的黃金生產國和消費國。對於希望在西方體系之外建立「備用通道」的國家來說，香港的黃金結算系統不僅是一個選項，更是一個必要選項。
筆者認為，中東的亂局非但沒有削弱香港的吸引力，反而令香港的「安全港」優勢變得更加突出。戰火提醒世界：金融基礎設施不能單一化。而香港，正是那個「第二選擇」的最佳候選人。
十五五規劃：從「融入」到「服務」的香港新角色
其次，這個黃金結算計劃精準呼應了國家「十五五」規劃對香港的定位轉變。細心的讀者會留意到，過去我們常說「香港要融入國家發展大局」；但在最新的規劃論述中，表述已經升級為「香港要更好融入國家發展大局，同時更要服務國家發展大局」。這兩個層次有本質區別：「融入」是被動對接，而「服務」是主動貢獻，是發揮自身所長、滿足國家所需。
香港邀請「一帶一路」沿線友好國家的央行參與黃金結算系統，正是一個典型的「服務大局」案例。一方面，這些國家需要一個安全、高效、不受西方單邊制裁影響的黃金交易與儲存平台，香港恰好能夠提供；另一方面，這個系統可以與人民幣結算相結合，逐步擴大人民幣在國際貴金屬交易中的使用場景，助力人民幣國際化。這不是一筆單純的生意，這是香港以自身金融基建，服務國家整體戰略的具體行動。
筆者相信，未來幾年我們會看到更多類似的安排——香港不再是單純的「超級聯繫人」，而是升級為「超級增值人」和「戰略執行者」。
競爭與優勢：香港為何能超越新加坡？
當然，有人會問：新加坡也在積極發展黃金市場，香港有何勝算？筆者認為，香港的優勢在於「內外聯通」的獨特結構。內地對黃金進出口有嚴格管制，所有進口必須經由上海黃金交易所處理；但香港作為離岸中心，黃金可以自由進出。這意味著，對於外國央行而言，香港提供了一個既靠近全球最大的實物黃金市場（中國內地），又不受內地資本管制約束的操作平台。這種「一個國家、兩種制度」的紅利，是新加坡無論如何也複製不了的。
更何況，香港已經與上海黃金交易所簽署合作協議，並承諾三年內將黃金倉儲容量擴大到2000噸。再加上滙豐、渣打、中銀、工行等頂級銀行的大力支持，香港的黃金樞紐計劃已經具備了扎實的市場基礎和執行能力。
不只黃金，更是香港的新時代定位
總括而言，筆者認為，香港推動黃金結算系統的意義遠遠超出了黃金本身。這是一個關於香港如何在動盪的世界中重新定位自己的故事。 中東戰亂凸顯了香港的「安全」與「中立」價值；「十五五」規劃賦予了香港「服務大局」的新使命；而香港自身的獨特制度，則提供了實現這一使命的不二工具。
從「超級聯繫人」到「全球黃金新樞紐」，從「融入國家」到「服務大局」，香港正在用行動證明：我們有智慧、有實力，也有擔當，在國家的新征程上扮演不可替代的角色。這不僅是香港的黃金機遇，更是香港的時代機遇，筆者對香港的前景，充滿信心。
作者簡介：高松傑，人稱高Sir，男，香港建設力量KOL、時評人，大灣區創業者、灣區推介官、2023深圳十大好網民，工商管理碩士，本科修商業、公共及社會行政，多個平台均有文章及視頻專欄，發放愛國愛港正能量，講好中國故事及香港故事
香港再出發共同發起人、香港菁英會副主席、網絡紅人工作者協會創會主席、陽江市政協委員、全國中華海外聯誼會理事、中國青年志願者協會常務理事、河南省青聯港區常委、香港青年發展委員會民族自豪感及國民身份認同行動小組增補委員、第七屆九龍城區議會轄下地區設施及工程委員會和社區參與及文化康樂委員會增選委員、九龍城區撲滅罪行委員會國安教育小組召集人、家維關愛隊成員、地區國安導師
Golden Opportunities in a Turbulent World: How Hong Kong Moves from “Integrating into the Nation” to “Serving the Overall National Strategy”
Recently, I have noticed a highly noteworthy development: according to Bloomberg, Hong Kong is actively inviting central banks of countries friendly to China to participate in its upcoming gold settlement system, with the goal of turning Hong Kong into another global gold trading hub alongside London. On the surface, this is news about financial infrastructure; yet upon closer analysis, its strategic significance, the opportunities of our era, and the elevation of Hong Kong’s role far exceed common imagination.
Chaos in the Middle East Sharpens Hong Kong’s Edge as a “Safe Haven”
First, we must view this initiative against the latest backdrop of international geopolitics. As conflicts in the Middle East continue to escalate — from the Red Sea shipping crisis and clashes among oil-producing nations to unilateral financial sanctions imposed by Western powers — central banks worldwide, especially those of developing economies, face unprecedented anxiety over asset security. Gold, the oldest safe-haven asset, carries severe risks if its storage and settlement centers are disrupted by geopolitical tensions.
London has long been a century-old gold trading hub, but its deep integration into the Western financial system makes it far from risk-free for nations unwilling to “put all their eggs in the Western basket.” Herein lies Hong Kong’s unique value: under “one country, two systems”, it boasts a common law framework, free capital movement, a stable linked exchange rate, and geographic distance from the conflict zones in the Middle East. More importantly, as China’s international financial center, Hong Kong is backed by the world’s largest gold producer and consumer. For countries seeking alternative channels outside the Western-dominated system, Hong Kong’s gold settlement system is not merely an option — it is a necessity.
In my view, the turmoil in the Middle East has not diminished Hong Kong’s appeal; instead, it has dramatically highlighted Hong Kong’s strength as a safe haven. The conflicts remind the world that financial infrastructure must not be overly concentrated. Hong Kong stands as the prime candidate for this “second choice.”
The 15th Five-Year Plan: Hong Kong’s New Role from “Integration” to “Service”
Second, this gold settlement initiative aligns precisely with the evolving positioning of Hong Kong outlined in China’s 15th Five-Year Plan. Observant readers will recognize a shift in rhetoric: where Hong Kong was once urged to “integrate into the nation’s development,” the latest framework emphasizes that Hong Kong must “better integrate into the nation’s development and, more importantly, serve the overall national strategy.” The distinction is fundamental: “integration” implies passive alignment, while “service” denotes proactive contribution — leveraging Hong Kong’s strengths to meet national needs.
Hong Kong’s invitation to central banks from Belt and Road partner and friendly nations to join its gold settlement system is a quintessential example of serving the national strategy. On one hand, these countries demand a secure, efficient platform for gold trading and storage insulated from Western unilateral sanctions, a need Hong Kong is well-positioned to fulfill. On the other, the system can be integrated with renminbi settlement, gradually expanding the use of the RMB in international precious metals transactions and advancing RMB internationalization. This is no mere commercial venture; it is a concrete demonstration of Hong Kong deploying its financial infrastructure to support the nation’s overarching strategy.
I am confident that in the years ahead, we will witness more such initiatives — Hong Kong evolving beyond a “super connector” to a “super value adder” and a “strategic implementer.”
Competition and Strengths: Why Hong Kong Outperforms Singapore
Naturally, some may ask: Singapore is also aggressively developing its gold market — what advantages does Hong Kong hold? In my opinion, Hong Kong’s edge lies in its unique dual connectivity to both domestic and global markets. Mainland China maintains strict controls over gold imports and exports, with all inbound shipments channeled through the Shanghai Gold Exchange. As an offshore center, however, Hong Kong permits free cross-border movement of gold. For foreign central banks, this means access to a platform close to the world’s largest physical gold market (the Chinese mainland) yet unconstrained by mainland capital controls — a “one country, two systems” dividend that Singapore can never replicate.
Furthermore, Hong Kong has signed a cooperation agreement with the Shanghai Gold Exchange and pledged to expand its gold storage capacity to 2,000 tonnes within three years. Backed by leading financial institutions including HSBC, Standard Chartered, Bank of China, and ICBC, Hong Kong’s ambition to become a gold hub already enjoys solid market foundations and execution capabilities.
Beyond Gold: Redefining Hong Kong for a New Era
In summary, the significance of Hong Kong’s gold settlement system extends far beyond the metal itself. It is a story of how Hong Kong is repositioning itself in a volatile world. Conflicts in the Middle East underscore Hong Kong’s value as a secure and neutral hub; the 15th Five-Year Plan entrusts Hong Kong with the new mission of serving the national strategy; and Hong Kong’s distinctive institutional framework provides the ideal means to fulfill this mission.
From a super connector to a new global gold hub, from integrating into the nation to serving its overall strategy, Hong Kong is proving through action that we possess the wisdom, strength, and responsibility to play an irreplaceable role in the nation’s new journey. This is not only Hong Kong’s golden opportunity but also its historic chance. I am fully optimistic about Hong Kong’s future.
Jacky Chung Kit Jacky(HK Ko Sir)
高Sir正能量
** 博客文章文責自負,不代表本公司立場 **
從山寨到巔峰，中國電單車75年蝶變與香港之為
2026年3月29日，葡萄牙阿爾加維賽道，世界超級電單車錦標賽（WSBK）頒獎台首次飄起五星紅旗。中國品牌「張雪機車」在WorldSSP組別兩度奪冠，打破歐美日品牌數十年壟斷，一時間全網沸騰，車迷紛紛搶購冠軍車型。筆者認為，這一刻不僅是一個品牌的勝利，更是中國電單車產業75年奮鬥的最好注腳。
從「井岡山」起步：從專用車輛到「價格屠夫」的時代代價
1951年，解放軍北京第六汽車製配廠仿照德國迅達普K500，造出第一輛國產電單車「井岡山」，開啟中國電單車歷史。此後三十年，電單車主要服務軍隊與郵政體系，1980年全國年產僅4.9萬輛。改革開放與「軍轉民」政策讓行業爆髮式增長，1993年產銷突破500萬輛，超越日本成為全球第一。
但高速發展也埋下隱憂。1997年起，嘉陵、力帆、隆鑫等企業扎堆進軍越南，以低價搶佔市場，短短數年佔據當地80%份額，卻陷入惡性價格戰：出口均價由800美元暴跌至200美元，單車利潤最低僅30元，業界甚至戲稱「電單車論斤賣還不如排骨貴」。更嚴重的是，部分企業偷工減料、仿冒日牌，讓「中國製造」長期背負低質、山寨的標籤。在筆者看來，這段歷史既是產業野蠻生長的縮影，也是後來必須痛定思痛、轉型升級的根本原因。
重慶崛起與創業者執著：從價格競爭到技術為王
內地「禁摩令」實施後，市場大幅收縮，大批企業倒閉，行業迎來大浪淘沙。倖存者紛紛走上高質量發展之路，重慶更憑藉完整產業鏈成為「電單車之都」。2025年數據顯示，重慶電單車年產785.7萬輛、出口610.9萬輛，核心零部件本地配套率超90%，為品牌衝擊世界頂峰打下堅實基礎。
張雪的出現，更讓國產電單車迎來轉折點。這位年輕創業者24歲帶2萬元到重慶打拼，2017年參與創立凱越機車，後因堅持高強度研發而另起爐灶，2024年創立「張雪機車」。2025年推出的500RR定價高於同級競品，仍實現銷售2.5萬台、產值7.5億元，即便研發投入巨大而出現暫時虧損，也證明市場認可技術與品質。最終，他帶820RR征戰WSBK並登頂世界。筆者深感，這不只是一個創業神話，更是中國製造從「拼價格」走向「拼技術」的真實寫照。
從仿製到引領：中國製造升級的生動範本
回望75年，從仿制起步、到價格戰低谷、再到產業鏈成熟、工程師企業家崛起，最終站上世界頂級賽事領獎台，中國電單車的歷程，正是中國製造轉型升級的縮影。
在筆者眼中，這條路清晰地告訴世界：中國早已不只是低端「世界工廠」，而是具備原創實力的創新高地；中國品牌不再甘居價值鏈底端，而是敢於在全球賽場與國際強隊正面對抗，用成績爭取話語權與標準制定權。
香港的角色：從轉口港到「超級增值人」正當其時
面對中國電單車乃至更多國貨品牌走向全球，筆者認為，香港絕不能只停留在傳統轉口港角色，而應以自身優勢成為「超級增值人」，在四方面發揮關鍵作用：
第一，知識產權守護者。香港法律體系與國際接軌，可為中國企業提供專利布局、商標註冊、國際仲裁與海外維權服務，解決品牌出海最大隱憂。
第二，高端品牌策源地。香港匯聚國際設計、營銷、傳播人才，能幫助國產電單車塑造國際形象、策劃全球推廣、實現本土化落地，讓「中國技術」擁有「國際品牌氣質」。
第三，國際資本與標準連接器。作為國際金融中心，香港可為高成長製造企業提供融資、上市等金融支持；同時對接國際行業組織，助力中國參與電動化、智慧出行新標準制定，搶佔未來先機。
第四，綠色出行示範窗口。香港重視低碳環保，可作為國產電動電單車面向發達市場的試驗與展示平台，通過與本地交通、物流企業合作打造標杆案例，進而輻射東南亞乃至全球。
張雪機車奪冠，最打動筆者的並非一場勝利，而是一個民族產業75年來歷經挫折卻從未放棄的韌性。從仿制到被仿制，從「價格屠夫」到世界冠軍，中國電單車走完了一段極不平凡的追趕之路。
今天，中國製造已具備厚積薄發的實力，而香港具備連接中外的獨特優勢。在筆者看來，香港完全有能力、也有責任，幫助更多中國品牌講好世界故事，以專業優勢為國貨出海賦能。下一個75年，當中國製造更深地融入全球，香港必將成為這段征程中不可或缺的關鍵力量。
作者簡介：高松傑，人稱高Sir，男，香港建設力量KOL、時評人，大灣區創業者、灣區推介官、2023深圳十大好網民，工商管理碩士，本科修商業、公共及社會行政，多個平台均有文章及視頻專欄，發放愛國愛港正能量，講好中國故事及香港故事
香港再出發共同發起人、香港菁英會副主席、網絡紅人工作者協會創會主席、陽江市政協委員、全國中華海外聯誼會理事、中國青年志願者協會常務理事、河南省青聯港區常委、香港青年發展委員會民族自豪感及國民身份認同行動小組增補委員、第七屆九龍城區議會轄下地區設施及工程委員會和社區參與及文化康樂委員會增選委員、九龍城區撲滅罪行委員會國安教育小組召集人、家維關愛隊成員、地區國安導師
From Copycats to World Champions:
China’s 75-Year Motorcycle Journey and Hong Kong’s Unique Role
On March 29, 2026, at the Algarve International Circuit in Portugal, the Chinese national flag was raised for the first time on the podium of the World Superbike Championship (WSBK). The Chinese brand Zhangxue Motorcycle claimed two victories in the WorldSSP class, breaking the decades-long championship monopoly of European, American, and Japanese brands. The news swept across the internet, with fans rushing to buy the championship-winning models. In the author’s view, this moment is not only a triumph for one brand, but also the best testament to 75 years of struggle in China’s motorcycle industry.
Starting with "Jinggangshan": From Specialized Vehicles to the "Price Killer"
In 1951, the 6th Beijing Automobile Repair and Manufacturing Factory of the People’s Liberation Army produced China’s first domestically made motorcycle, the Jinggangshan, modeled after the German DKW K500, launching the history of China’s motorcycle industry. For the next three decades, motorcycles mainly served military logistics and postal services, with annual national output reaching only 49,000 units by 1980.
Reform and opening-up, along with the military-to-civilian conversion policy, brought explosive growth to the industry. By 1993, China’s motorcycle production and sales exceeded 5 million units, surpassing Japan to become the world’s largest producer and consumer.
Yet rapid growth came with hidden risks. Beginning in 1997, manufacturers such as Jialing, Lifan, and Loncin crowded into the Vietnamese market with low-cost products. Within years, they captured 80% of the local market share, but at the cost of a brutal price war: average export prices plummeted from $800 to $200, with per-unit profits as low as 30 yuan. Industry insiders even joked that “Chinese motorcycles are sold by weight, cheaper than pork ribs.”
Worse still, some manufacturers cut corners to reduce costs, leading to frequent safety failures such as broken frames, and some even counterfeited Japanese trademarks. As a result, “Made in China” became long associated with poor quality and copycat products. In the author’s opinion, this period reflects both the wild growth of the industry and the fundamental reason for its later painful transformation and upgrading.
The Rise of Chongqing and an Entrepreneur’s Persistence: From Price Competition to Technology Leadership
After restrictions on motorcycle use were introduced across mainland China, the domestic market shrank sharply, and many companies closed down in a major industry shakeout. Survivors shifted toward high-quality development. Chongqing, supported by its complete industrial chain, emerged as China’s “Motorcycle Capital.”
Statistics for 2025 show Chongqing produced 7.857 million motorcycles, exported 6.109 million units, and achieved a local supporting rate of over 90% for key components, laying a solid foundation for Chinese brands to challenge the world’s top level.
The emergence of Zhang Xue marked a turning point for China’s motorcycles. At 24, he arrived in Chongqing with just 20,000 yuan. In 2017, he co-founded Kove Motorcycle, but later parted ways due to his insistence on aggressive research and development, in contrast to partners who preferred steady optimization. In 2024, he founded Zhangxue Motorcycle with full operational control.
Its 2025 model 500RR was priced 1,000 to 4,000 yuan higher than competitors, yet still sold 25,000 units, generating 750 million yuan in output value. Despite a temporary loss of 22.78 million yuan due to heavy R&D investment of 69.58 million yuan, the results proved strong market recognition of technology and quality. Zhang Xue then took the 820RR to compete in WSBK and reached the top of the world. The author believes this is not merely an entrepreneurial legend, but a vivid portrayal of Made-in-China shifting from “competing on price” to “competing on technology.”
From Imitation to Leadership: A Model for China’s Manufacturing Upgrade
Over 75 years, China’s motorcycle industry has evolved from early imitation, through the low point of price wars, to a mature industrial chain centered in Chongqing and the rise of engineer-entrepreneurs, finally standing on the podium of the world’s top racing event. This journey perfectly encapsulates the transformation and upgrading of China’s manufacturing sector.
In the author’s eyes, this path sends a clear message to the world:
China is no longer just a low-end “world factory,” but a global hub for innovation.
Chinese brands no longer accept a low position in the value chain; instead, they dare to compete head-to-head with international giants on the global stage, striving for voice and standard-setting power through real achievements.
Hong Kong’s Role: From Entrepôt to "Super Value Adder"
As Chinese motorcycles and more domestic brands go global, the author argues that Hong Kong must go beyond its traditional role as a mere entrepôt and leverage its unique strengths to become a super value adder for Chinese brands going global, in four key areas:
First, guardian of intellectual property. Hong Kong’s legal system aligns with international standards, providing services for patent layout, trademark registration, international arbitration, and overseas rights protection, solving a major concern for brands expanding abroad.
Second, source of high-end branding. Hong Kong gathers top international designers, marketers, and communication professionals. It can help Chinese motorcycle brands shape global images, plan worldwide campaigns, and implement localized strategies, giving “Chinese technology” an “international brand identity.”
Third, connector of international capital and standards. As an international financial center, Hong Kong offers financing and listing channels for fast-growing manufacturers. It can also link with international industry bodies, supporting China in shaping technical and environmental standards for electric motorcycles and smart mobility, and seizing future dominance.
Fourth, demonstration window for green mobility. Hong Kong prioritizes low-carbon environmental protection and can serve as a testing and showcase platform for Chinese electric motorcycles targeting developed markets. Through cooperation with local transport and logistics companies, Chinese brands can build benchmark cases in high-end commercial electric two-wheelers, then expand across Southeast Asia and globally.
What touches the author most about Zhangxue Motorcycle’s championship is not a single victory, but the resilience and perseverance of a national industry that never gave up through 75 years of setbacks. From imitation to being imitated, from “price killer” to world champion, China’s motorcycle industry has traveled an extraordinary road of catching up.
Today, China’s manufacturing has built up the strength to take off, and Hong Kong holds unique advantages connecting China and the world. In the author’s opinion, Hong Kong is fully capable and responsible for helping more Chinese brands tell their global stories and empowering them to go global with professional advantages.
China’s manufacturing sector has traveled 75 years. In the next chapter of engaging with the world, Hong Kong will be an indispensable and key force.
Jacky Chung Kit Ko (HK Ko Sir)
