Pei Sai Fan
Adjunct Professor, NTU, SMU, NUS and SUSS in Singapore, and Renmin University and Tsinghua University in ChinaArticles by Pei Sai Fan
Technology
Web 3.0 should be a network to create and maintain a global community of shared future
Hong Kong and Singapore can and should leverage their position as international financial and technological hubs to help build an inclusive and fair digital global network that brings people all over the world together for a more equitable and mutually-beneficial collaboration and development, says academic Pei Sai Fan.
Pei Sai Fan
17 Oct 2023
Economy
How Chinese private firms can be made more confident of the government's support
Academic Pei Sai Fan notes that the Chinese government's moves to regulate and clean up various sectors in China's economy has led to private enterprises feeling uncertain about what might happen to them in future, especially as declarations of support for the private sector economy seem to be just lip service.
Pei Sai Fan
09 Feb 2023
Economy
Here's how Hainan can become the next financial hub
Hainan is set to become China's first free trade port and has great potential to beef up its financial offerings. Academics Pei Sai Fan and Chen Jingwei present a number of suggestions that could boost the Chinese province's standing as an international hub for financial and regulatory innovations, green financing and connectivity.
Pei Sai Fan, Chen Jingwei
15 Aug 2022
Economy
Quit the dollar: Can Asia build its own digital currency and digital payment infrastructure?
Calls for de-dollarisation have increased since the financial sanctions of the Ukraine war and the very real threat of the US dollar being weaponised. In this context, academic Pei Sai Fan explains why conditions are ripe for China and Asia to offer innovative alternatives, such as developing regional digital currency cooperation in the payment and settlement of regional trade and investment, and expediting the development of new cross-border digital payment infrastructure in Asia known as multi-CBDC platform projects.
Pei Sai Fan
27 Jun 2022
Economy
Digitalisation: How China's smaller investment banks could compete with big foreign players
The recent accelerated opening up of China's capital market has presented a challenge to investment banks in China, which may have seen their role marginalised or bypassed by major foreign players who have international experience and are highly capitalised and better managed. Academics Pei Sai Fan and Peng Chang suggest how investment banks in China can compete and stay relevant.
Pei Sai Fan, Peng Chang
21 Feb 2022
Economy
China needs timely and professional financial supervision and Singapore's experience may help
China must guard against pursuing too much financial development too fast, says NUS academic Pei Sai Fan. Only when a fine and delicate balance is struck between financial development and financial supervision - taking both financial innovation and financial stability into account - can the innovative development of the financial sector project its positive energy and dutifully serve the real economy. In that endeavour, it will be important for regulatory authorities to recruit and retain professional talents who embrace innovation, know much about fintech and are au fait with ways of growing the emerging digital financial sector as well as the market and financial risks.
Pei Sai Fan
26 Jan 2022
Technology
Metaverse: A chance to build a better world
Academic Pei Sai Fan says that one should dream big with the metaverse and not only see it as a new avenue of making money. By creating a new virtual universe from scratch, we can make good use of the blockchain-based metaverse to promote an equitable, more transparent and more inclusive rules-based international digital currency and financial system and enhance the global governance system to deal with issues facing all countries. This would require a global approach and China is well placed technologically to actively participate and lead the effort with like-minded nations in creating such a metaverse. It would be a pity if countries squandered such an opportunity to truly build a better world for all mankind.
Pei Sai Fan
26 Nov 2021
Economy
China's central bank digital currency has huge potential, but be careful of overregulation
Central bank digital currencies (CBDCs) can potentially optimise and vastly improve the central bank's monetary policy transmission with preset conditions to incorporate forward-looking and counter-cyclical features. This means that central banks can accurately control the amount, direction and intensity of liquidity or money supply flowing to the desired industries, thereby allowing industries to achieve an optimal level of production and reduce the risk of inflation or deflation. Earlier this year, China tracked and paid wages to builders in Xiong'an using its digital RMB, e-CNY. Is this a harbinger of things to come?
Pei Sai Fan
05 Oct 2021
Economy
Will e-CNY spur the internationalisation of the RMB?
Academic Pei Sai Fan notes that China's active promotion of the e-CNY has been closely linked to its ambitions of turning the RMB into a global trade and reserve currency. He says that the internationalisation of the RMB cannot be rushed. The more important thing for China to do now is to work on building its capabilities for crisis and risk management as well as gaining international support.
Pei Sai Fan
15 Jun 2021
Economy
Building an integrated digital economy: How Asia can continue to thrive in the post-pandemic era
With the pandemic showing little signs of slowing and as countries around the world shift away from the traditional economy, academic Pei Sai Fan notes that this is an opportune time for Asia to boost its digital economic sector. Namely, there will be the opportunity to consider building a more integrated Asian digital economy and to promote Asian digital trade and a common digital currency.
Pei Sai Fan
16 Feb 2021
Economy
Token economics: How Singapore can boost synergy with China in building digital economies
Academics Pei Sai Fan, David Lee and Yan Li say that an understanding of other countries' technological culture and policies is crucial in advancing digital economic cooperation. For instance, in the main, Singapore and China are able to mutually respect the differences in their blockchain and token policies, and focus on the complementarity of their approaches. Together, they can deepen their collaboration on central bank digital currencies and other projects, and lead the way regionally and globally in building digital economies of the future.
Pei Sai Fan, David Lee
17 Dec 2020