Ben Charoenwong

Ben Charoenwong

Assistant Professor, National University of Singapore Business School

Ben Charoenwong is Assistant Professor of Finance at the National University of Singapore (NUS) Business School, where he teaches financial markets and international finance, and an affiliated faculty member of the Asian Institute of Digital Finance and NUS Fintech Lab, where he conducts research on financial regulation and fintech. 

 

 

 

 

Representations of cryptocurrency Bitcoin are seen in this illustration picture taken in Paris, France, on 9 March 2024. (Benoit Tessier/Reuters)

Rising cryptocurrency appeal in China despite ban and escalating restrictions

In times of economic uncertainty, the allure of bitcoin and other cryptocurrencies is stronger, despite China’s ban on cryptocurrency trading and mining since 2021. In some cases, it might even be a means for wealth transfer. NUS academic Ben Charoenwong discusses the issue.
Coins and banknotes of China's RMB are seen in this illustration picture taken on 24 February 2022. (Florence Lo/Illustration/Reuters)

China's capital flight: International investors’ journey (back) to the West

Facing the threat of investment flight, China can seek to assuage fears with incentives, but in the long term, it would need to transform itself from a government-directed investment-driven economic growth model to a more balanced growth model from private sector investment and domestic consumption.
Advertisements for crypto exchange show a Bitcoin symbol at Mass Transit Railway (MTR) station, in Hong Kong, China, 27 October 2021. (Tyrone Siu/Reuters)

Hong Kong and Singapore vying for crypto hub: Price to pay and lessons to learn

While Singapore and Hong Kong are hyped to be vying for cryptocurrency hub status, academic Ben Charoenwong notes that both cities have faced challenges navigating the tricky world of becoming a large cryptocurrency market while setting a regulatory framework. Due to China's unfavourable attitude towards cryptocurrency, activity may flow over to Hong Kong as it acts as the conduit for Chinese participants, but might this be a potential winner’s curse?
A man walks past an electronic display showing the Hang Seng Index in the Central district of Hong Kong on 27 May 2022. (Bertha Wang/AFP)

Geopolitics affecting HK's financial market. Can Singapore benefit?

Amid US-China tensions, mainland China companies blacklisted by the US are expected to expand their presence in Hong Kong. While it may seem that the special autonomous region will reap the benefits, NUS academic Ben Charoenwong says investors are in fact wary of the costs involved and may look to other financial hubs like Singapore. But is Singapore ready to fill that role?
Cryptocurrency representations are seen in front of an image of the Chinese flag in this illustration picture taken 2 June 2021. (Florence Lo/Reuters)

China’s crackdown on cryptocurrencies: Trade-offs between stability and innovation

China’s crackdown on cryptocurrencies has increased the volatility of the market, not least with Bitcoin miners fleeing and the price of Bitcoin plummeting. What are the reasons behind China’s regulatory clampdowns and will other countries follow suit?
People walk past the New York Stock exchange (NYSE) and the 'Fearless Girl' statue at Wall Street after heavy rainfall on 30 November 2020 in New York City, US. (Angela Weiss/AFP)

Wall Street, foreign investment hankering for China deals despite US sanctions

Even as the US government blacklists several Chinese companies for being “Chinese Communist military companies” or a national security threat, Wall Street does not seem fazed; investors seem prepared to put their money where their mouth is when it comes to betting on China.