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.