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. He also describes the successful turnaround of the institution under the control of the American firm, revealing new insights into how finance operates in China's capital system.

Format: Hardback
Length: 336 pages
Publication date: 07 February 2023
Publisher: John Wiley & Sons Inc

In Money Machine: A Trailblazing American Venture in China, Weijian Shan delves into a captivating account of one of the most significant deals in private equity history. The book explores the first and only foreign acquisition of control of a Chinese national bank, a feat that had never been attempted before and has since been replicated. Shan, the lead negotiator behind the transaction, takes readers on a journey through the intricate complexities of dealmaking, from the intriguing negotiations to the challenging and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution.

The book also delves into the remarkable turnaround of the institution under the American firm's control. Shan highlights the cultural clashes, the growth to strength and profitability, and the ultimately successful exit from the investment. Through his insights, he sheds light on the workings of China's capital system and how private equity firms can add value to companies.

In addition to providing a firsthand account of exceptional deal-making and money-making, Money Machine offers a rare glimpse into the typically secretive world of private equity dealmaking. The book details the complex negotiations between American private equity executives and Chinese regulators to implement a series of unprecedented changes. It sheds light on the challenges that were overcome to return the bank to growth and profitability, making it a valuable resource for investment bankers, investors, financial analysts, and anyone with an interest in suspenseful, true-life stories.

Weight: 632g
Dimension: 231 x 159 x 25 (mm)
ISBN-13: 9781394161201