China is in the midst of launching one of the world's first digital currencies. Many commentators think that the currency will challenge the US-based global financial system. Others believe that it will significantly increase surveillance over money flows. Who will be impacted, when, and how could it affect commercial transactions in China?

AmCham Shanghai and Control Risks are pleased to present a workshop on the development of digital currency in China. Yuanxin Liao, political analyst at Control Risks, will first present an overview of China's digital currency landscape. Following this, Yuanxin will join Red Pulse Founder and CEO Jonathan Ha and Fudan University Finance Professor Michael Sung on a panel to discuss how fintech and digital currencies are disrupting their industries, and what this means for the future of the US-based global financial system.

This workshop is part one of AmCham Shanghai and Control Risks' 2020 Tech Policy Program, which focuses on digital sovereignty risk. Digital sovereignty is the state extending and expanding regulations over information and technology within its physical borders.​ Digital sovereignty risk is the challenge these new controls present to companies' opportunities, management and regulatory compliance.​



  • Jonathan HA (Founder, CEO of Red Pulse)

    Jonathan HA

    Founder, CEO of Red Pulse

    Jonathan Ha is the founder and CEO of Red Pulse, a research ecosystem for China. Mr. Ha has a prior background in management consulting, having advised major financial institutions on operations and corporate strategy. Jonathan studied computer engineering and economics at the University of Pennsylvania, and subsequently received an MBA from the UC Berkeley Haas School of Business. Mr. Ha is a CFA charterholder.

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  • Yuanxin Liao (Political Analyst at Control Risks)

    Yuanxin Liao

    Political Analyst at Control Risks

    Yuanxin is an analyst with Control Risks based in Shanghai. Yuanxin analyses operational, political and regulatory risks for clients investing and operating in China. Yuanxin has assessed the policy goals for China’s digital currency, including the implications for clients’ China and global operations.

    Before joining Control Risks, Yuanxin worked as a business reporter with Caixin. Yuanxin holds a Master of Public Policy (MPP) degree from the University of Maryland and a bachelor’s degree in Politics, Philosophy and Economics (PPE) from Peking University.

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  • Michael Sung (Associate Professor at Fanhai International School of Finance, Fudan University)

    Michael Sung

    Associate Professor at Fanhai International School of Finance, Fudan University

    Michael Sung is Associate Professor of Practice in Finance at Fanhai International School of Finance and the co-director of the FISF Fintech Research Center, Fudan University.

    His research areas are in Fintech Entrepreneurship and Commercialization, AI and Blockchain Innovation, Digital Assetization, Asset-backed Securitization, Tokenomics Systems and Incentivization, Business Model Innovation, and Cryptoeconomics

    Prof. Sung is a technology venture builder and investor, having founded various companies in diverse high-tech industries ranging from AI, blockchain, semiconductor, and new materials industries. He is founder and Chairman of CarbonBlue Innovations, a cross-border tech-transfer and commercialisation platform that is focused on rapidly commercialising and scaling internationally-sourced tech innovation. He is also a founding partner of FinNX, cross-border investment bank platform and venture partner for Fundamental Labs, one of Asia’s top blockchain funds.

    Prof. Sung is founding co-director of the Fintech Research Center at the Fanhai International School of Finance at Fudan University. In addition, Prof. Sung is involved with developing finance and fintech innovation policy as faculty at the Chinese Institute of Economics and Finance, a national-level think tank for central government. Prof. Sung has served in numerous advisory roles over the years for the HK, Taiwan, and China governments on international tech transfer, innovation ecosystem building, AI, blockchain, and fintech policy for various top city and minister-level officials. Prof. Sung was also the chairman of the steering committee for MIT Tech Review’s EmTech HK Conference. He has received various awards for technology entrepreneurship, including MIT Enterprise Forum’s Most Visionary Technology Award and Google’s Solve for X Prize.

    Prof. Sung received his Ph.D. in EECS at the MIT Media Lab/Computer Science and Artificial Intelligence Laboratory as well as a graduate financial engineering degree from MIT Sloan Business School.

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  • Carly Ramsey (Director, Northeast Asia of Control Risks)

    Carly Ramsey

    Director, Northeast Asia of Control Risks

    Carly Ramsey is a regulatory risk specialist and associate director at Control Risks, where she leads much of the company's Asia-Pacific government affairs, government relations, and stakeholder engagement advisory projects. She has more than a decade of experience in China advising multinationals on how to engage with the government to mitigate the commercial impact of growth-restricting policies.

    Prior to joining Control Risks, Carly was an Associate Director with APCO Worldwide. Her comments on China’s political developments have appeared in major media outlets, including the Financial Times and Wall Street Journal. She has a master’s degree in foreign policy and international security from Georgetown University and a bachelor’s degree in political science from the University of Western Ontario.

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A prepayment is required when choosing 'Members only price' or 'Standard Price'.

Member Ticket
Member Price Free
Member Company Employee Price
Standard Price RMB 200
Non-Member Ticket
Standard Price RMB 500


AmCham Shanghai Conference Center (Xintiandi)

27F, Infinitus Tower

No.168 Hubin Road, Huangpu District

Shanghai, China

If you have any questions please contact Daniel Rechtschaffen

Contact Organizer

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