ISBN:
9781394161218
,
1394161212
,
9781394161225
,
1394161220
,
9781394161201
Language:
English
Pages:
1 online resource (xv, 320 pages)
Parallel Title:
Erscheint auch als
DDC:
332.10951
Keywords:
Shenzhen fa zhan yin hang
;
Banks and banking Case studies
;
Banks and banking Case studies Foreign ownership
;
Bank management Case studies
;
Private equity
;
Global Financial Crisis, 2008-2009
;
Global Financial Crisis ; (2008-2009)
;
2008-2009
;
Bank management
;
Banks and banking
;
Banks and banking ; Foreign ownership
;
Private equity
;
China
;
United States
;
Electronic books
;
Case studies
Abstract:
"Private equity deal making is often shrouded in secrecy. But one legendary dealmaker is happy to explain how a failing Chinese financial institution was transformed into a profitable one, without a single dollar of government support. During the Great Financial Crisis (GFC) of 2008, banks around the world, including in America, Britain, and Europe, were supported by government cash injections and guarantees. But there was one significant bank, deeply troubled before the GFC, that worked through that time to strength and success, without any government funding or financial guarantees. None. Where was this bank? In China. And, who controlled the bank and guided it during this extraordinary recovery? A US-based private-equity firm. How was all this possible? How was it possible that a US firm took on leadership of a Chinese bank? How did a good-sized national bank, troubled and weak before the GFC, become strong, healthy, and successful, without a single dollar of government support? How did the teamwork with Chinese regulators to implement a series of unprecedented steps? How did the private-equity process proceed, in China, once the bank was so successful, to realize very substantial benefits for its investors, in US dollars? And there's more -- all true, amazingly. A high-profile lawsuit filed in the US, involving a Chinese bank, a Taiwanese-=listed company, and of interest to the Chinese government at high levels. A board composed largely of Chinese businesspeople, with a US-based major shareholder and an American chairman, making rapid change"--
Note:
Includes index. - Description based on online resource; title from digital title page (viewed on February 28, 2023)
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