Andrew Sheng


Andrew Sheng is a distinguished fellow at Fung Global Institute, chief adviser to the China Banking Regulatory Commission, and a board member of Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. He also serves 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 Future of Finance Advisory Council, the International Advisory Council of the China Investment Corporation, the China Development Bank, the Advisory Council on Shanghai as an International Financial Centre, the China Securities Regulatory Commission, and the Securities and Exchange Board of India. 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.

Areas of Expertise:

  • International Finance and Monetary Economics
  • Financial Regulation
  • Global Governance

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Lending in the Dark: China's Shadow Banking Sector

Article | Apr 22, 2013

The proliferation of China’s opaque, loosely regulated (or unregulated) shadow-banking system has been raising fears of possible financial instability. But just how extensive – and how risky – is shadow banking in China?

Too Big to Fail, Too Big to Jail

Paper Conference paper | | Apr 2011

The theme of this session is very timely and controversial, on the ability of sovereign governments to supervise Large Complex Financial Institutions (LCFIs), now officially described as G-SIFIs, global systemically important financial institutions.

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