David Lee

Professor, SUSS, SUFE and NUS

Dr David Lee Kuo Chuen is a professor at the Singapore University of Social Sciences (SUSS), Shanghai University of Finance Economics (SUFE) and the National University of Singapore (NUS). He is also chairman of Global Fintech Institute, vice president of the Economic Society of Singapore and council member of British Blockchain Association, and a 2015 Fulbright Scholar at Stanford University. He has had 20 years of experience as the CEO and independent director of various companies and is a consultant to international organisations on subjects such as the food supply chain, blockchain, fintech and CBDC.

Signage for the digital yuan, also referred to as E-CNY, at a self check-out counter inside a supermarket in Shenzhen, China, on 20 November 2020. (Yan Cong/Bloomberg)

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.