Winston shared his insights at the Cointelegraph report, answering questions like Are token-less blockchain projects the future?
Many countries may look at China as a reference, but the jury is still out in terms of the effectiveness of crypto mining and trading crackdown in China.
According to Winston Ma, former managing director and head of North America at China Investment Corporation, the Chinese government has pushed the regulations with the aim of protecting consumers, becoming closer to carbon neutrality targets and achieving greater financial stability.
While the last reason is more subjective, there’s no denying that China’s opportunistic mining industry and speculation-heavy retail investors were running largely unchecked at the beginning of the year.
Ma will be among the first to note the effectiveness of the changes taking place, especially for the mining industry, telling Magazine:
“So far, the impact from the energy perspective is the most obvious: After the central government initiated the cryptocurrency crackdown campaign in May, major coal-based power producers such as Inner Mongolia and Xinjiang, which were previously the top two cryptocurrency mining hubs in China, have been among the first regions that quickly developed local rules to clean up mining businesses.”
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Winston Ma is an investor, attorney, author, and adjunct professor in the global digital economy. He is one of a small number of native Chinese who have worked as investment professionals and practicing capital markets attorneys in both the United States and China. Most recently for 10 years, he was Managing Director and Head of North America Office for China Investment Corporation (CIC), China’s sovereign wealth fund.
At CIC’s inception in 2007, he was among the first group of overseas hires by CIC, where he was a founding member of both CIC’s Private Equity Department and later the Special Investment Department for direct investing (Head of CIC North America office 2014-2015). He had leadership roles in global investments involving financial services, technology (TMT), energy and natural resources sectors, including the setup of West Summit (Huashan) Capital, a cross-border growth capital fund in Silicon Valley, which was CIC’s first overseas tech investment.
Prior to that, Mr. Ma served as the deputy head of equity capital markets at Barclays Capital, a vice president at J.P. Morgan investment banking, and a corporate lawyer at Davis Polk & Wardwell LLP.
A nationally certified Software Programmer as early as 1994, Mr. Ma is the book author of China’s Mobile Economy (Wiley 2016, among “best 2016 business books for CIOs”), Digital Economy 2.0 (2017 Chinese), The Digital Silk Road (2018 German), China’s AI Big Bang (2019 Japanese), and Investing in China (Risk Books, 2006). His new book “The Hunt for Unicorns: How Sovereign Funds Are Reshaping Investment in the Digital Economy” (Wiley) was released in November and the latest of his China book serial “The Digital War: How China’s Tech Power Shapes the Future of AI, Blockchain and Cyberspace” in December 2020.
Mr. Ma has served on the boards of multinational listed and private companies. He was selected a 2013 Young Global Leader at the World Economic Forum (WEF) and has been a member of the Council for Long-Term Investing and Council for Digital Economy and Society. He is a member of New York University (NYU) President’s Global Council since inception, and in 2014 he received the NYU Distinguished Alumni Award.
Mr. Ma earned his MBA from the University of Michigan Ross Business School (Beta Gamma Sigma) and his master of law from the New York University School of Law (Hauser Global Scholar). He earned bachelor of science and bachelor of law degrees from Fudan University in Shanghai, China. He has served as adjunct professor at NYU School of Law (current course “Sovereign Investments & Regulations”), NYU Stern Business School and Tsinghua School of Economics and Management.
Winston‘s keynotes are:
- China’s Mobile Economy and Digital Transformation The Fourth Industrial Revolution 中国移动互联网经济 企业数字化转型 第四次工业革命
- Sovereign Wealth Funds, the Frontier Investors 主权投资基金 资本市场新潮流
- AI, Big Data and Asset Management 人工智能 大数据 资产管理行业变革
- The Hunt for Unicorns: How Sovereign Funds Are Reshaping Investment in the Digital Economy 狩猎科技独角兽：主权投资基金如何改变数字经济风投
- The Digital War 中美数字战争 -中国科技塑造未来的AI、区块链和网络空间
- China’s OBR and Digital Silk Road 中国一带一路 数字丝绸之路
- Digital Economy, Shared Economy, 数字经济，共享经济
- Data regulation, Personal Privacy, Big Tech Antitrust 数据监管 个人隐私，科技巨头反垄断
- Blockchain and Digital Currency 区块链 数字货币