Pei Sai Fan

Adjunct Professor, NTU, SMU, NUS and SUSS in Singapore, and Renmin University and Tsinghua University in China

Dr Pei Sai Fan is an adjunct professor teaching at the Nanyang Technological University (NTU), Singapore Management University (SMU), National University of Singapore (NUS) and the Singapore University of Social Sciences (SUSS) in Singapore, and Renmin University and Tsinghua University in Beijing. He is also the director of Libai Academy, a member of the academic committee of the Global FinTech Institute and of the AI Ethics Review Board of the Singapore Computer Society, as well as a senior consultant of RHT Compliance Solutions at RHTLaw Asia and an adviser to several fintech start-ups. His main research interests include central banking, monetary policy, financial development and regulation, financial technology, corporate governance, and risk management.

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.