Money Machine Part 1: When Mao’s former barefoot doctor helped a US fund buy a Chinese state bank
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- Опубликовано: 7 сен 2024
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Shan Weijian, executive chairman of PAG Asia Capital, led the team that scored the first and only takeover of a Chinese bank by a foreign fund in 2005. San Francisco-based Newbridge Capital turned Shenzhen Development Bank from virtual insolvency into one of the country’s best-run and most innovative banks, ultimately selling it for a 14-times return. In the first of a two-part interview, Post business editor Eugene Tang spoke with Shan ahead of the February 7, 2023, release of the banker’s new book about the experience. The story also recounts his time in China as an untrained, barefoot medical worker during the Cultural Revolution. Part two of the interview can be found here: www.scmp.com/v...
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Click here to watch Part 2 of the interview:
www.scmp.com/video/business/3208852/money-machine-part-2-when-maos-former-barefoot-doctor-helped-us-fund-buy-chinese-state-bank
Thank You! This was a short but an awesome interview. Things like these are worth to watch.
How impressive his accomplishments are. However, I always thought the Rothschild bankers had been established in China decades ago. I may be confused on that issue now that I think about it, as they may have established a gold exchange and not a bank, per see. Thank you for your informativre reporting.
wow zero hindian spammers 😆 too illiterate to comment on such issues ?
Does that mean you might be Indian.
@@wynn3077 unlikely. for one i dont eat 🐮💩
so this guy sold out china and gave control of one of china's financial instruments to an outsider?
gaining control is common in turnarounds, makes it easier to fire cronies and legacy employees.