I am leading a startup accelerator/VC (part of a Chinese innovation company) in China, Shanghai, since 2019. Our focus areas are MedTech, EdTech, Smart Manufacturing, CleanTech - Seed/pre-series A mainly. Any startups interested in expanding to China - feel free to get in touch ;) Prior to that I worked in strategy consulting across Europe for 3 years (based in Frankufrt, then Berlin). Studied in Mannheim, founded a students startup intiative. On the side, I am rather active on social media, especially on YouTube (search for "Kevin Jon") and talking about management consulting, venture capital
28 Feb 2020
The WSJ had an interesting opinion article over the weekend on US foreign policy on China under the Biden administration in relation to the Trump policies and longer term challenges, particularly with US businesspeople and conflicts of interests between American values and access to the China market. https://www.wsj.com/articles/beijing-targets-amer… For those without a WSJ subscription, the author states that US / Western business interests want to steer away from the ideological conflict yet this is inevitable. The result is a binary choice: help China or the
28 Mar 2021
I am about to choose HKUST for a bachelor's in Quant finance, but before that, I wish to obtain some information about the financial industry. My thoughts are that studying quant finance + (a double major in comp sci) at a bachelor's would allow me to best develop my quantitative/critical thinking side as a strong foundation. However, I suppose I do not particularly enjoy spending all my time sitting behind a desk trying to build models/validate models/full-on research (this is my general stereotype based on what I have read on quant finance jobs); I do also sometimes enjoy being at the
02 Apr 2021
I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local school program. I have always had a nose for digging deeply into matters that I can't grasp as first, and thus trying to make sense of financials and business strategies in China seemed like a perfect challenge after college. After spending some time as an Analyst for a publicly-listed Chinese company, I
19 May 2013
Saw this tweet yesterday posted from the Chinese government's American embassy which boasted about the 'benefits' of forced sterilization of Uygur women in their 're-education' camps: Is anything ever going to be done to address their pretty blatant human rights violations? At this point it seems the US government turns a blind eye to any country committing such gross acts so long as they are important to us economically (i.e., relations with the Saudis in the midst of Khashoggi's assassination and their backing in Yemen). Curious to hear thoughts on what's going on there.
08 Jan 2021
Hi. Hope everyone is doing well during these turbulent quarantine times. Just a little bit about me: I was born in the States but moved to China at three. Grew up there and came back to the States around the start of middle school. I speak fluent Mandarin with no accent and my Mandarin writing/reading ability is about the same as a Chinese middle/high schooler (can read WSJ Chinese with little to no difficulty). I also know how to speak (to a certain extent) the Henan regional dialect/accent, though I don't know how much of a role that'll play into all of this. I'm currently at a top target
28 Apr 2020
Hello everybody, First I want to thank you for the time, I will try to cut it short. I am a foreign student who is doing a bachelor degree in Beijing/UIBE. I am in my third year, and I am fluent in Mandarin, passed HSK-5 2 years ago, taking all my courses in Mandarin. I am highly interested in valuation, modeling and research, love doing research particularly in Healthcare & Tech. And want to be competent in the Chinese healthcare sector in the future. Love reading clinical research etc.. I am in my third year and applied a couple of firms but I am really not confident in finding a solution to
09 Aug 2019
A very well written piece by Roger Altman (most of you know him as CEO of Evercore) in the latest issue of Foreign Affairs. Some shocking excerpts from his piece include: - Economic threats have been used to influence foreign policy in the past. In 1956, during the Suez crisis, the US threatened not to support an IMF loan to England unless the British agreed to withdraw military from Egypt. England with a sensitive economy at the time caved in. Altman argues China could do the same owning as many Treasury bonds that it does in the instance it takes action against Taiwan. - Global financial rejection of the US has happened in the past (1979) and is very possible to happen again in the near future if America continues its current economic policy
04 Nov 2010
The US-China Trade War has lasted for almost 10 months now which has seen $250 Billion in tariffs against Chinese products and an additional $110 Billion in tariffs against US goods. Many industries have been affected and while talks have been held, little progress has been made. However, US Treasury Secretary Steve Mnuchin has stated that the US and China have recently made progress and are heading towards the "final stages of discussion." Therefore, Mnuchin and Trade Representative Robert Lighthizer will be in Beijing on April 30th to begin talks. Mnuchin has stated that if the talks fail
29 Apr 2019
Hey Guys, I was wondering whether or not It is a marketable skill to know Chinese Mandarin? I am majoring in Economics, minoring in Business Fundamentals, and taking 4 semesters of Chinese Madarin. Eventually, I would like to do business in China, I see much growth potential in China. Are there any careers straight out of college which would make practical use of this language skill? Just to show you where my thoughts are: A big ambitions of mine is to become a venture capitalist in China one day. What are your general thoughts about learning the Chinese Language, and how useful will this
26 Mar 2012
For those of you interested in gaining a deeper level understanding of the Chinese economy and Chinese banking system, I highly rec. a recently published book called "Red Capitalism". It's written by former bankers, not economists, and it has a lot of awesome, hard to find information as well as some very interesting insights. I don't necessarily agree with everything in the book, but it's definitely worth a read for anyone seriously interested in China. Disclaimer: It's pretty dense and not exactly an "easy read"
30 Jun 2011
We all know that the People's Republic of China basically copies everyone's ideas, from making fake Rolex watches, Louis Vuitton handbags to pirating movies and selling DVDs on the street for less than $2. Its newest invention is Goldman Sachs (Shenzhen) Financial Leasing Co., which has been operating in China since May 2013 using the nearly identical English and Chinese name to the American counterpart. [quote] A staffer at Shenzhen Goldman Sachs said any similarity to the US-based bank was unintentional Thursday, weeks after a Chinese man was arrested for setting up a fake bank branch. "We
06 Sep 2015
Okay, so I've been a long-time reader and member of WSO, but created a separate account to talk about some controversial issues. The first one is about China. The reason I am writing this is that I have a strong freeling that the rating agencies are not doing their jobs properly and I think global banks who are now big in China will lose tons of money there. To be honest, I am not quite sure how many global U.S. or European banks are active in China in the commercial banking arena over there, but I see a lot of problems because I don't think they are measuring their risks properly, at least at
04 Jun 2016
Preface During these past few months, I've had courtside seats to the circus the Chinese equity market has been putting on. Working as a summer intern at a private equity firm out of Shanghai's financial district, I've had the opportunity to learn from some very smart people and hear what they have to say. This post is some of what I've gathered from the aforementioned and watching market movements during lulls in my workday. Disclaimer: I am an undergraduate student, so this should be taken with enough salt to make the fish float in Lake Michigan. Most of statements about the way the Chinese
31 Jul 2015
You're a non-Chinese who has studied some Mandarin and is now totally inspired to get a super awesome IB job in China? That's fantastic. Despite my sarcasm and what others may say, it is possible to get a job in investment banking in China as a non-Chinese with subpar Mandarin skills. I did it, and this is how I did it. Things to know up front Your best bet if you're not a native Mandarin speaker is actually to go to Hong Kong or Singapore. Hong Kong naturally has a ton of China business and Singapore has more SE Asia, but both cities are jockeying with each other to be the financial center of
14 Aug 2012
Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap I was in Santa Fe, New Mexico recently on business. Let me tell you about Santa Fe. If I were to use a word to describe that town, I would call it a "hamlet" or "village" or something like that. I would not even call it a city. It's not even really a town. It's cute. It's quaint. It's a pretty amazing place, actually--one of the biggest art markets in the
12 Nov 2013
Have you ever wondered if all the new stuff they're doing in China is really everything it's chalked up to be? It's a perfectly legitimate question to ask, especially so because in China appearance is far more important than substance. This isn't meant to be a value judgment, to say that this is good, or bad, or whatever. That's just how it is here, and this is one of the major ways in which working in China is different than the west. Every society in some way has the concept of 'face', but the Chinese take to a whole new level. There's a whole art, almost a science to it. There's a defined
23 Jan 2013
In the chaos that defined the period following 2008, China stood, as it appeared, unscathed and emerged as perhaps the only significant economy with growth in a world where growth was in short supply. How did China do this? The answer lies in credit. The Chinese financial system in 2008 was as different as you can imagine from the one in the US. Unlike in the US, disintermediation of risk from the banking system was almost non-existent in China. Even within the banking system, it was the big four policy banks (ICBC, CCB, BOC and ABC) that warehoused the bulk of the country's credit (this is
06 Apr 2015
China's debt has been skyrocketing by the billions to finance their new infrastructure program, which could in turn take down the whole world's economy if it is a failure. China's current debt is 240% of their GDP, around 300% by 2020, certainty very alarming and could lead for a huge downfall. The Bank of England even has warned China that their level of debt is very risky. You can read more here * Could this really lead to a global financial crisis? and why? * What industries do you think will be hit
28 Aug 2017
Soooooo China landed on the moon on Saturday, thoughts?
Full article here. Now China, much richer and stronger, aspires to become a globally respected power, and the government sees a major presence in space as a key to acquiring technological prowess, military strength and sheer status.
16 Dec 2013
I am currently a rising junior at a semi-target school preparing for recruitment, which is happening very soon. I will be spending the entire summer interning in China, and have just started the job at a PE firm, which does not really match my expectations of what the job would be like (there's too much due diligence and menial work that do not involve any modelling work). I was lucky enough, however, to have come by an opportunity to switch to some Chinese IBs through referral, and I have a couple options to choose from. So I have three questions: 1) Is it going to be a lot better for IB
20 Jun 2017
Not to start any conspiracy theories here, but I just got off Skype from an interesting debate after a conference with my firm's team in their Beijing office. Someone at their office mentioned a meeting by its execs on protocols and plans to move our employees out of our Asian offices in the case we attack China or they attack us. The debate was interesting. A guy brought up the point that China holds 1/3 of our entire debt. But then again, "debt" and "govt bonds" are simply pieces of paper. If we can't pay back our debt, we simply attack them under the guise of something (Iraq was oil, China will prob be something too) and make the concept of debt, null and void.
14 Aug 2012
So, I am going to say upfront that I don't like China. It's not their commoners, but their communist party and anybody who blindingly supports the bully regime. Reasons: their planned economy is wasting natural resources across the world, which is used to build ghost cities that serve no purposes; most of the people, except for few, who got affluent so suddenly are one way or another connected to the corrupt and dishonest communist party and these people are who do not share democratic or meritocratic values are pouring into advanced nations, thereby negatively impacting communities; their
12 Jul 2016
im going to china next year so im interesting in chinese culture and stuff , i have found that chinese students in my uni are very upset about the comparison between china and india . I was talking to a chinese student about india and china and he was so angry with it because he said india and china are not comparable and seems like chinese dislike indian a lot , everytime i mention the word"chindia" chinese student would be very unpleasent with it , why? is there any issue between chinese and indian? (i think it is because china is well developed than india and chinese are kind of proud of
25 Sep 2012
The recent state dinner hosted by the White House was nothing short of lavish. Lobster, 400 dollar wine, etc. I understand the need to appear strong and stable in the eyes of the world but come on, really? 400 bucks a bottle. I'm sure the President and the White House get some sort of discount, to be sure, but in light of all the outrage over Wall Street excess, shouldn't the President (the face of our nation) take a certain amount of responsibility show solidarity with the "Main Street, regular people" these same people so often publicly sob for?
21 Jan 2011
Dear Friends, I am writing because I was hoping to get some advice on a decision I have to make. Someone would have to have some experience working in China/MBA admissions to really comment, but any feedback is very much appreciated. Background: 25 years old, non-target, 3.5 years removed from school, a year of experience in buy-side finance-contract jobs/internships at BB PWM, HK startup hedge fund and mid-market PE firm in SF-nothing really substantial, currently working a dead-end temp job and doing a lot of odd jobs to pay the bills in New York. Need MBA to hit reset button. Desperate and starving.
07 Jan 2015
this video is sick, it shows a little girl getting ran over 2 times and no one helping every one just looking; wonder what your opinion on the issue was it's graphic, but no blood and gore. Not gunna lied made me go ***** a few times. AGAIN NSFWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW I'm curious to know the opinion of people who work in China who work there is.
17 Oct 2011
Just when you thought the pain wouldn't come, the big red boot kicked in the door waiting a vintage 1953 Kalashnikov and telling you to get your lazy American ass in shape. Well, not exactly but Dagong's threat to downgrade U.S. debt is an interesting signal. One that can certainly be interpreted differently by bears and bulls. [quote]If the debt limit is raised and the public debt continues to grow, it will further damage the US debtpaying ability, which is a key factor in Dagong's evaluation, and we will consider loweringits ratings accordingly. If the raised limit fails to pass and the US
14 Jul 2011
I'm looking to re-brand and apply to an MBA program this fall. Would it be advisable to apply to a top Chinese school if I'm thinking about doing PE long-term? How are their programs different than from the US programs? Do you still have summer internships?
11 May 2014
Hello all, Im a second year undergraduate at a Spanish university looking for an investment banking summer internship in China. Ive come to see that any available internships have to be secured through an intermediary, which come at a very high cost i.e. CRCC Asia (+- 3000$)... It is also particularly difficult to access any opportunity considering I have no contacts (I have been told this is how it goes in China) So my question is: Does anyone know another way to access these opportunities without the cost/intermediary? Would love to hear anyone's two cents on the matter. Thanks.
13 Feb 2016
Monkeys, it blows my mind that there are folks on Wall Street that believe the Federal Reserve can raise rates. China devaluing their currency is NOT why our markets are in turmoil. If you take a look back, there are some folks that have forecasted what is occurring now. In short, it is... A bluff. The Federal Reserve stopped Quantitative Easing and has yet to raise interest rates, however the truth is that they CANNOT raise rates without sending equities plunging. Even the expectation of a future microscopic increase of 25 basis points is killing the market. But, perhaps the Federal Reserve
25 Aug 2015
Hi, I'm interested in pursuing private equity in an emerging market, primarily for the experience (e.g., growth focus, unique ownership structures, cultural context, 'wild west' of investing) and because I love to travel / experience new cultures. I could imagine transferring as a senior associate either only for a year, or staying much longer, depending on how it goes. I think India, or South Africa would be most suitable (business in English), followed by Indonesia, Malaysia (stationed in SG?) and the rest of South East Asia (e.g., Cambodia, Vietnam); other regions/countries such as China
15 May 2016
Just curious for those readers from Shanghai, what is the going rate for an hour with an escort nowadays? I received a call on the room phone in the Hotel I am staying in (escorts basically call every room hoping to get a guy on the line) Anyways it is an escort who was surprised I answered in English, so she struggled to come up with whatever English she knew and asked "Uhh Hello, do you want special service?" So I asked how much and she replied 400rmb for 1 hour. So just wanted to know is this a pretty average price? Also does anyone know of any good escort services here in Shanghai?
09 Oct 2011
I am worried. Any ideas on how to counter this? In a hypothetical situation where we had to defend Taiwan from a Chinese invasion, our carriers will be sitting ducks because of this new missile. Any ideas? http://www.ft.com/cms/s/0/3e69c85a-1264-11e0-b4c8…
29 Dec 2010
For a number of years now I have been getting strange looks and my views on global economics have come into question. There is a plain and simple reason, I don't buy China. All the Chinese growth notwithstanding I am not impressed and never have been. There is a great big difference between a location, a product or a business being a great investment vehicle and an actual force. Since there have been a lot more murmurs here on WSO and throughout the financial media about China's aura of invincibility waning, I decided to bring up a point that is seemingly ever ignored. You see, my fellow
02 Oct 2011
In short: Google.cn now redirects to Google.com.hk, where mainland users can get uncensored search results. Aside from the fact that this will in all likelihood only last for a few hours until the Great Firewall "fixes" it, how would we monkeys profit from this? Some ideas: The obvious - Buy Chinese Internet - probably overdone already, esp on BIDU. But you also have SOHU and, to a lesser degree, SINA. A wildcard here is MSFT (Bing China). AND, if you can trade HK-listed, Tencent is another possible winner. The also obvious - Short GOOG. A bit dangerous, but self-explanatory. The tin-foil hat - Double-down on TBT (UltraShort 20+ Year Treasuries) and TBT calls. China angry --> China dumps enough UST just to make it felt without really hurting themselves, or even just further reduces pace of purchases. Of course, by no means is this an exhaustive list...
22 Mar 2010
Does anyone know what the trading arms of Chinese oil companies (CNPC, CNOOC, Shaanxi Yanchang, Sinochem, ect.) are like compared to the majors or trading houses. Curious since the last chapter of The World For Sale mentioned that they take on more risk and trade with US sanctioned countries.
12 Apr 2021
i'm curious to hear what you guys think about China right now if europe, one of their main export destinations, is clearly going in at least a minor recession, us economic growth is consistently sluggish, and their property bubble is in the early stages of bursting, i fail to see how you can reasonably argue for a slowdown from 9-10% growth to 7-8% growth.
09 Jan 2012
Hi monkeys, I plan to go for an MBA later in my career and join consulting, especially MBB if getting lucky. I'm working in US now but after graduation I would like to go back to my home country China, so I am curious about the whole resume screening thing of MBB Greater China area and if it's any different than US. According to monkeys on this forum and my friends who have been thru the process, screening for undergraduate in US is a sum game, where all dimensions of a candidate (school prestige, undergrad GPA, extracurricular activities, internships, etc., you name it) are individually rated
28 Sep 2020
from the Economist Spheres of influence [quote] A NEW book, discussed in this week's Economics focus, by Arvind Subramanian of the Peterson Institute for International Economics argues that China's economic might will overshadow America's sooner than people think.
09 Sep 2011
Okay so I just looked into glassdoor's information on 1st year business analyst/associate (entry level) at MBB in Mainland China and the overall number fluctuates around 30k-35k (USD, annually). The number is so low I even gasped when I realized that includes bonus (WTF?). All three firms have offices in Beijing and Shanghai only and given the expensive nature of the two cities, and I don't get how they can pay their analysts/associates so badly when they are supposed to be one of the greatest, most coveted firms not only in China but also worldwide.
27 Sep 2011
Hello, Can anyone provide some insight on working in finance in Asia (particularly Mainland China)? I grew up in the US and am working currently an IBD analyst in the US at a bulge bracket firm. I do have the language capability to work in China. I would be interested in either working for a western fund, or for a local up-and coming but reputable firm, Hony, Saif, CDH, New Horizon are just some of the names in China I've come across on the web. Any other key players I should look into?
05 Dec 2011
Thanks to one of our very helpful campus reps (Jinghao Zhou at UNC) - WSO now has a Renren page - 92 followers in 4 days, (approx. 6.87439545 × 10^-8 % of the whole chinese population :) with posts to be translated into Chinese in the near future. WSO 现在有一个 renren.com 页！(
21 Nov 2011