The Second Conversation with Weijian Shan – Money Machine: Foreign Private Equity Investment in China
Join us to hear the legendary tale of the first and the only foreign private equity acquisition of a state-owned Chinese bank. Named “China’s private equity champion” by Fortune magazine, Dr. Weijian Shan will share with us his insider stories in acquiring and restructuring Shenzhen Development Bank, as well as his unique insights on the future of foreign private equity investment in China.
After China became a member of the World Trade Organization (WTO), the American private equity firm Newbridge Capital accomplished the most significant deal in private equity history: the first and only foreign acquisition of control of a Chinese national bank by a US private equity firm. This legendary transaction was orchestrated by Dr. Weijian Shan, and featured in his latest book Money Machine: A Trailblazing American Venture in China. Money Machine unveils fascinating insider stories in this deal, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution.
Programme:
- Officiated and Introduced by Prof. Lin Zhou, Dean, CUHK Business School, Choh-Ming Li Professor of Economics
- Hosted by Prof. Ling Cen, Director, MSc in Finance (Full-Time) Programme, CUHK Business School
- Talk and Q&A by Dr. Weijian Shan
Books are available on Swindonbook.com and Amazon.com
About the Speaker:
Dr. Weijian Shan is the executive chairman and co-founder of PAG – an Asia-based and focused private equity firm with more than USD50 billion in capital under management.
Between 1998 and 2010, he was co-managing partner of the private equity firm Newbridge Capital (now known as TPG Asia) and a partner of TPG. Shan was a managing director of JP Morgan, where he was concurrently the chief representative for China between 1993 and 1998. He was an assistant professor at the Wharton School, the University of Pennsylvania between 1987 and 1993. He also worked at the World Bank in 1987 as a member of its Young Professionals Program.
Shan is a Trustee of the British Museum. He is also a member of the International Advisory Council of Hong Kong Exchanges and Clearing Limited, and an independent director of Alibaba Group.
Shan is the author of Out of the Gobi: My Story of China and America (2019), Money Games: The Inside Story of How American Dealmakers Saved Korea’s Most Iconic Bank (2021) and Money Machine – A Trailblazing American Venture in China (February 2023). He has published commentaries in the likes of The New York Times, the Wall Street Journal, the Financial Times, the Economist and Foreign Affairs.
Shan holds an M.A. and a Ph.D. from the University of California, Berkeley, and an M.B.A. from the University of San Francisco. He graduated with a major in English from the Beijing University of International Business and Economics.