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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Money Machine: A Trailblazing American Venture in China

Money Machine: A Trailblazing American Venture in China

Audio Book

AccountingEconomics

Currently unavailable to order

ISBN13: 9798212547482
Publisher: Ascent Audio
Published: Apr 4 2023
Language: English
In Money Machine: A Trailblazing American Venture in China, Weijian Shan delivers a compelling account of one of the most significant deals in private equity history: the first and only foreign acquisition of control of a Chinese national bank. Money Machine is the fascinating inside story of the transaction as told by the man who led it, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution, a feat that had never before been attempted, nor has it been repeated.



Shan also describes the astonishingly successful turnaround of the institution under the control of the American firm: the clash of cultures, the growth to strength and profitability, and ultimately, the extraordinarily profitable exit from the investment. In the process, he reveals new insights into how finance operates in China's capital system and how private equity firms can add real value to companies. Listeners will also find: a peek behind the curtain of a process usually shrouded in secrecy: private equity dealmaking and moneymaking; the complex negotiations between American private equity executives and Chinese regulators to implement a series of unprecedented changes; and the riveting details of the challenges that had to be overcome to return the bank to growth and profitability.

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