17 May 2021

Business China Organised the Second Prominent Business Leaders Dialogue Series Featuring Mr. Liang Xinjun, Co-Founder of Fosun International

On 27 April 2021, Business China successfully organised the second Prominent Business Leaders Dialogue Series with co-founder of Fosun International, Mr Liang Xinjun as guest speaker. Titled “Arrival of the Future: Embracing the next two decades of Blockchain and Big Data Economy”, the dialogue session, which was held at Parkroyal Collection Marina Bay Hotel, was conducted in Mandarin.

Mr Lee Yi Shyan, Chairman of Business China, giving his opening remarks.

In his opening remarks, Business China Chairman Mr Lee Yi Shyan gave an overview of the development of Singapore’s blockchain and digital economy. He then highlighted the bilateral collaboration between China and Singapore in Fintech and Big Data.

Mr Liang delivering his speech.

Mr Liang gave an in-depth analysis of the development of Blockchain and Big Data Economy in the next 20 years. His sharing revolved around 4 key themes:

  1. Excessive fiscal stimulus given out by countries post-pandemic triggered the rapid development of crypto-assets
  2. Changes in social distancing measures in turn accelerated the growth of Big Data economy
  3. Introduction to DeFi – the largest scaled financial application in cryptocurrency and finally
  4. Investing into Crypto-assets

Mr Tommy Xie posing questions to Mr Liang with Dr Marvin Tan moderating the session.

During the Q&A session which was moderated by Group Executive Director of Adera Global, Dr Marvin Tan, Mr Tommy Xie, Head of Greater China Research, OCBC posed two questions to Mr Liang on DeFi and the risk of cryptoassets being centrally controlled and its effects on fintech companies. Mr Liang responded that the gathering of data under one avenue is not meaningful unless one could provide multi-faceted analysis of the data. The recent collaboration between PlatOn (a decentralised FaaS platform) and JP Morgan on an open banking platform would be a good start for future collaborations between institutions for deeper analysis into data.

Mr Lee presenting tokens-of-appreciation to Mr Liang and Dr Tan. 

The hour and a half dialogue session saw close to 50 invited attendees (due to safe management measures) which included business leaders, ALP alumni as well as Business China Youth Chapter members. About 80 other attendees joined the session virtually.