Over the past 10 years, global financial centers have all suffered from the 2008 global economic crisis, which directly resulted in tighter financial regulation across the globe. But now financial technology is blossoming all over the world, financial centers are facing the same question, how to balance financial regulation and innovation?
“Financial regulation should not be absent, neither be over-applied. It should be controlled to an appropriate level.” summarized Dr. Pei Sai Fan, visiting professor of Nanyang Technological University of Singapore and former Director of the Monetary Authority of Singapore (MAS) Academy. This is what he proposed to Guangdong on financial regulation with the aim of boosting high-quality economic development.
Organized by Xie Sijia, Liu Jiangtao, Xie Meiqin, Luo Yanjun, Zhang Ying, Huang Qianwei
Reported by Peng Lin, Huang Qianwei, Guo Jiaxuan, Tang Liuwen, Tang Zitian, Zhang Jun, Long Jinguang, Hu Nan
Edited by Olivia Ouyang, Simon Haywood
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