china

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...

28 Mar 2021

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...

28 Feb 2020

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...

02 Apr 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...

28 Apr 2020

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...

08 Jan 2021

On Friday, for the first time on record (and likely 4 decades+), China's economy contracted a whopping 6.8% y/y in the first quarter. Spending some time thinking through this, I have a few thoughts and would be interested to see if others have any feelings or ideas, as we try and move through this...

22 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...

09 Aug 2019

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...

29 Apr 2019

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...

28 Aug 2017

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...

19 May 2013

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...

06 Sep 2015

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...

06 Apr 2015

Not a fan of tariffs, but it's pathetic that the countries on this list cannot band together to place pressure on China to change its state-sponsored or endorsed- commercial theft. https://www.zdnet.com/article/building-chinas-com… *The end goal, Crowdstrike claims, was to acquire the needed...

14 Oct 2019

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...

12 Nov 2013

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...

31 Jul 2015

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...

28 Sep 2020

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...

23 Jan 2013

Hello monkeys – Over the last three years, I have observed an enormous increase in the attention paid, both by sell-side and buy-side, to developments in China. One post does not do justice to the topic but hopefully this can get you started in forming a macro view on China: On April 20th, 2014,...

27 Feb 2015

So i just finished my first year of my undergrad (1 of 3yrs) in Business administration (Finance) here in Canada. And recently, a passion or a life goal resurfaced, I want to study Mandarin chinese in mainland China right after my degree. And recently, a passion or a life goal resurfaced, I want to...

11 May 2019

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...

04 Jun 2016

Every office has their winners, but here are just a few of the goofy things you might encounter while working with Chinese colleagues. Those with China experience, definitely sound off at the bottom here. 1) Now while I'm sure what I eat in the office gives my colleagues room for pause as well,...

22 May 2013

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...

14 Aug 2012

"The rise of China's venture market "signifies a shift from a single-epicenter view of the world to a duopoly" Silicon Valley, the "king" of venture capital is facing growing competition from its Chinese counterpart. Here is an interesting WSJ article that provides a profile of the industry:...

15 Apr 2018

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...

04 Nov 2010

This week I'm going to try to give a high level view, based on my personal experiences, on what the investment banking industry is like in China. There are obviously similarities to the U.S., but also a number of key differences as well. There are basically 2 distinct flavors of investment banks in...

19 Jun 2012

It must be an election year; the anti-China rhetoric has been hot lately. Every day there's a new story out about how the Chinese are stealing our jobs, screwing our companies, etc.; and how we are on the verge of a trade war with them. As if for the past decade China hasn't been stealing our jobs...

17 Jul 2012

The Chinese economy made headlines last week when updated data by the IMF reflected that the Chinese economy ranked number one in terms of Purchasing Power Parity. Historically, the now 'emerging nations' had dominated the global GDP scene. The onset of the industrial revolution was the watershed...

15 Oct 2014

In the comments from my post last week about differences between the US and China, a few people had expressed interest in what Chinese people see remarkable about our culture. I think the biggest thing that almost in a sense fascinates Chinese people about our culture is our spirit of individualism....

29 Jan 2013

Every so often a thread pops up from some kid wondering if studying Mandarin in college will land him a vaunted investment banking position straight out of undergrad. The answer to this question is, in both China and New York, no. But that doesn't mean learning Mandarin is a lost cause. The thing...

12 Jun 2012

One of my favorite things in the world (besides Evil, potato salad, and the new Kindle, of course) is when people agree with me. In a recent appearance on Bloomberg, Peter Thiel does some quality agreeing with me. If you don't know Petey boy, you should: he co-founded PayPal (was the company's first...

25 Sep 2010

In case you missed it, there's been an ongoing, sustained effort by the Chinese government to hack foreign governments, companies, newspapers-- basically anything or anyone with a computer. As usual, the Chinese government is trying to play coy in the face of a mountain of evidence. It really...

19 Feb 2013

The People's Bank of China announced that they were looking into digital substitutions for cash last week. Not even 6 months ago journalists caught a hold of a document by the Chinese internet finance regulator instructing ISPs and local authorities to disincentivize bitcoin mining. The major...

23 Jul 2018

A few days ago, I gave Miss Cleo a call and got some ideas about a different perspective on my comments last week. Specifically she told me that I was painting too nice a picture and wasn't being critical enough in my views. So without further ado, here are the same points told from a slightly...

26 Dec 2012

So 2012 is essentially over and it's been an interesting year by all accounts. I think it's been a fairly bad year, both geopolitically and in terms of finance (although for myself it's been quite good!). Some of my key moments of 2012: LIBOR - Global hatred of bankers reached new highs this year...

27 Dec 2012

We all have disagreements or don't see eye to eye with our managers all the time. If this is happening to you, take a deep breath and settle in. This piece hopes to help you navigate these potentially treacherous waters a little more safely. First, it's usually a good idea to get a second set of...

06 Jun 2013

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

Working in an office in and of itself usually wouldn't expose one to hazardous conditions. The city in which one lives could have its fair share of dangers though. Crime is a given; all big cities have their fair share of crime, but it's usually isolated in certain neighborhoods. The truly awful...

15 Jan 2013

Yesterday in a further attempt to stimulate their economy, Japan announced plans to increase their asset purchase program. The move was meant to lower rates even further in order to encourage additional lending and risk taking. The program is similar to ones enacted recently by the Fed and the Bank...

20 Sep 2012

I'm not talking about the last time I went out to a night club in Beijing (although there may actually be some correlation). This is about the demographic challenge hitting China that is only going to get worse in the future. The proportion of the working-age population is beginning to decline, and...

02 Oct 2012

Last week the Party wrapped up its 18th Congress and announced who gets to be part of the management team for the next five years. There were a lot of questions and what-ifs revolving around what exactly the outcome would be since the guys at the top are notoriously reclusive. In the end though...

20 Nov 2012

There was a great article in the Wall Street Journal the other day explaining the inability of a massive Chinese state-owned construction company to complete a simple highway project in Poland. Ironic jokes about incompetence aside, this highlights an important point about China that is often lost...

05 Jun 2012

Olaf has looked into his crystal ball and sees a bright future for China in 2013. Naturally there still are serious problems that pose an existential threat to the ruling party (property prices, bank capitalization, demographic trends, wealth gap, etc.), but my feeling is that these won't come to...

18 Dec 2012

Shortly before the beginning of the weeklong holiday to celebrate the founding of the PRC, former golden boy Bo Xilai was officially expelled from the Communist Party and formally charged with a variety of crimes, one of which was that he "maintained inappropriate sexual relationships with many...

09 Oct 2012

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...

20 Jun 2017

If there was ever a time to pivot your attention to China, it is now. Major events are going to be happening over the next few weeks. We got kind of a head start this year with the Bo Xilai soap opera, but things are going to come to a head next month. And you should be following it because it's...

25 Sep 2012

She mighty, mighty, just lettin' it all hang out. According to digitaljournal.com, BRICS (Brazil, Russia, India, China, and South Africa) are positioned to overthrow the dollar and end US supremacy as the leading superpower. "Among the many subjects discussed by the leaders were the creation of an...

16 Apr 2012

http://www.bloomberg.com/news/articles/2015-08-27… China has been accused of pirating movies, handbags, Rolexes -- even cars. Add Goldman Sachs to the list. Goldman Sachs (Shenzhen) Financial Leasing Co. has been operating in the city just across the border from Hong Kong using a nearly identical...

27 Aug 2015

This is an interesting problem that the U.S. government faces. There are a large amount of spies attempting to steal information from U.S. universities and research institutions for both commercial reasons and militaristic reasons. In response, it seems that government agencies and universities are...

11 Apr 2012

Last week after the Chinese central bank (PBOC) announced a 25 basis point rate cut, I gained enough conviction to take a long position on Baidu which has sold off greatly along with most other Chinese equity flotations this year. The PBOC move made me believe that Chinese policy makers may engineer...

13 Jun 2012

What do a dead football coach, a Chinese bureaucrat, and an interest rate have in common? Standing up to call out something you see as wrong, even if it brings you down with it. Say what you will about Joe Paterno, but the bottom line is he took advantage of his personality cult to cover up the...

24 Jul 2012