Economist Fu Peng, Who Was Blocked for Criticizing China's Economy, Moves to New Company
Chinese economist Fu Peng, who was previously deplatformed for criticizing China's economy, has joined New Huo Group (formerly Huobi Technology) as Chief Economist, responsible for macroeconomic research and investment strategy analysis.
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- 📰 Published: April 20, 2026 at 14:11
- 🔍 Collected: April 20, 2026 at 14:31 (20 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 16:18 (1h 46m after Collected)
Chinese economist Fu Peng, whose social media accounts were previously blocked after criticizing China's economic issues, has officially joined Hong Kong-listed New Huo Group (formerly Huobi Technology) as Chief Economist. He will primarily be responsible for macroeconomic research and providing investment strategy analysis to the group's institutional clients.
Fu Peng served as Chief Economist at the Dongguan Securities Research Institute from February 2020 until his resignation on April 30, 2025, citing 'health reasons'.
In a speech at an HSBC Group internal event on November 24, 2024, Fu Peng's remarks were interpreted as pointing out current difficulties in the Chinese economy, particularly the lack of effective demand and the decline of the middle class, stating that current economic rescue measures might not be as effective as in 2008.
Following the circulation of his speech content on Chinese social media, it was widely shared but also subject to deletion. In December of that year, Fu Peng's WeChat and short video platform accounts, among other social media, were blocked. (Editor: Chen Kai-yu) 1150420
Fu Peng served as Chief Economist at the Dongguan Securities Research Institute from February 2020 until his resignation on April 30, 2025, citing 'health reasons'.
In a speech at an HSBC Group internal event on November 24, 2024, Fu Peng's remarks were interpreted as pointing out current difficulties in the Chinese economy, particularly the lack of effective demand and the decline of the middle class, stating that current economic rescue measures might not be as effective as in 2008.
Following the circulation of his speech content on Chinese social media, it was widely shared but also subject to deletion. In December of that year, Fu Peng's WeChat and short video platform accounts, among other social media, were blocked. (Editor: Chen Kai-yu) 1150420