The Cashless Revolution: China’s Reinvention of Money and the End of America’s Domination of Finance and Technology
Date: 29 March 2023 (Wednesday)
Time: 09:30AM – 10:30AM (HKT)
Live via Zoom
This book talk draws a startling picture of how China’s revolution in finance and technology is changing both Wall Street and the way individuals manage their personal finances. China reinvented money with lightning speed, transforming a backward cash-based finance system into one centered on super-apps created by technology giants. We need to understand China’s cashless revolution for reasons ranging from the macroeconomic to issues of personal liberty.
Martin Chorzempa, senior fellow since January 2021, joined the Peterson Institute for International Economics as a research fellow in 2017. As a Fulbright Scholar in Germany and a Luce Scholar at Peking University’s China Center for Economic Research, he worked on comparative financial regulation, China’s financial reforms, and the rise of innovative financial technology in China. He also worked for the China Finance 40 Forum in Beijing, a leading independent think tank. In 2017, he graduated from the Harvard Kennedy School of Government with a masters in public administration in international development.
Professor Douglas Arner is the Kerry Holdings Professor in Law, an RGC Senior Fellow, and Associate Dean (Taught Postgraduate) of the Faculty of Law at the University of Hong Kong. At HKU, he co-founded and is the Faculty Director of the LLM Compliance and Regulation, LLM Corporate and Financial Law, LITE (Law, Innovation, Technology and Entrepreneurship), and EAIEL (East Asian International Economic Law and Policy) Programmes.
Dr. Angela Zhang, Director of Philip K.H. Wong Centre for Chinese Law at the University of Hong Kong