Macroeconomist, global hedge fund trader, a finance influencer with millions of followers (who previously criticized China’s economy and was banned), Fu Peng, former chief economist at Northeast Securities—Fu Peng’s next stop: Xinhuo Group⬇️

After joining Xinhuo, Fu Peng’s first statement: In 2022, he connected with crypto, and a new era of traditional finance integrating with crypto is coming
On April 23, 2026, at the 2026 Hong Kong Institutional Digital Wealth Management Summit, Fu Peng, Xinhuo Group’s newly appointed chief economist, said, “Since 2022, I’ve had the opportunity to connect with crypto, and afterward I’ve continued to keep an eye on developments in the crypto industry. Big figures in the crypto world are similar to big figures in the traditional finance world: in the early stage, both sides need to engage in strategic maneuvering. What truly can shape the future are those who complete this kind of turnaround quickly when a turning point arises. In the future, we will see former traditional financial institutions rapidly entering the crypto-asset market. When they integrate, the market logic will declare that a new era has arrived. In the future, we will see stablecoins used for payments, and Bitcoin will become an asset with a value-preservation function and financialized trading. A new chapter is about to begin.
Up to today, when everyone has started to realize that things like AI, data computing power, and the like will become the most important things in the future—and that the most important productivity in the next era will be these—our whole game is actually already more than halfway over. And the entire first half is what everyone recognizes as the traditional crypto circle. There’s nothing that remains unchanged; everything is constantly being restructured in the process of development, and constantly getting reborn.”