Andrew Sheng


Andrew Sheng is a distinguished fellow at Asia Global Institute, University of Hong Kong, chief adviser to the China Banking and Insurance Regulatory Commission, and a former board member of Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. He also served as an adviser to the UN Environment Program Inquiry into the Design of a Sustainable Financial System. Mr. Sheng also serves as a member of the International Advisory Council of the China Investment Corporation, the China Development Bank, the China Securities Regulatory Commission, and Honorary Member of the Trustees of Bank Indonesia Institute. Previously, he served as chairman of the Securities & Futures Commission of Hong Kong and as a central banker at the Hong Kong Monetary Authority and at Bank Negara Malaysia. Mr. Sheng has also worked at the World Bank. He is an adjunct professor at the University of Malaya and at the Tsinghua University School of Economics and Management. Mr. Sheng is the author of From Asian to Global Financial Crisis: An Asian Regulator’s View of Unfettered Finance in the 1990s and 2000s. He holds a BSc in economics and an honorary doctorate from the University of Bristol.

By this expert

We Owe an Apology to Adam Smith

Article | Jun 7, 2023

Smith did not advocate a single-minded pursuit of profit

The One-Earth Balance Sheet

Article | Jul 23, 2021

Getting the whole spectrum of governments, academia and civil society to track “natural capital” would help create shared efforts toward solving shared problems like the climate crisis.

Rethinking Social Progress in the 21st Century

Article | Aug 14, 2018

A new report examines the path to global social progress. Unfortunately, there are no easy answers

The End of 'Financialization'

Article | Sep 18, 2013

The failure of Lehman Brothers on 15 September 2008 marked the beginning of the end of the world’s love affair with financialization.

Featuring this expert

This Is Your Wake-Up Call

Video | Mar 31, 2021

The world has changed, and we need to adapt. Andrew Sheng calls for a more human economics to drive us toward a sustainable future.

Andrew Sheng on Xi Jinping’s plan for Shenzhen

News Oct 28, 2020

“In his speech, Xi pledged to uphold support for the Greater Bay Area initiative, and the Shenzhen plan includes specific measures to create employment and housing opportunities for Hong Kong’s young people. Driving forward the development of an economy as large and complex as China’s is a monumental feat in the best of times – not least because there are no models to emulate. Amid hostile external conditions, the challenge is even greater. But with the Shenzhen plan – and the broader adaptation and implementation of the city’s successful reforms – China may well be able to meet it.” - INET Expert Andrew Sheng, member of Commission on Global Economic Transformation

YSI Asia Convening 2019

YSI Event Regional Convening YSI | Aug 12–14, 2019

Hundreds of young scholars from all over Asia are coming together in Hanoi to discuss new economic thinking, present their research, and work with over 30 senior scholars. Join us there and become a part of YSI’s global community!

Making Sense of Globalization in the 21st Century

Video | Jun 13, 2018

In a complex world, we’ll experience more “black swans”, and the things that standard economic models assumed away will matter much more.