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
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
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
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
Hello, I am a MiM student (MSc in Management, also said Junior MBA, for the non-Europeans) and I have the opportunity to study abroad next year. I was wondering what could be seen better in the future: a semester abroad in top European universities (ESSEC, IE, St. Gallen, etc.) or a semester in Asian universities (SMU, Fudan, Chinese University of Hong Kong, etc.)?
13 Jan 2021
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
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 incredibly complex environment. This data was (by my observation) largely ignored and overshadowed by the outcome of the unofficial Gilead trial which came out on Thursday night and the plan for "reopening the economy" that was also announced. It actually amazed me how little time was actually
22 Apr 2020
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
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 study Mandarin chinese in mainland China right after my degree. **** - Ive been wanting to study the language for a long time now (I'm 19yrs old, turning 20 in July and will be 21/22yrs old when I finish my undergrad) and I feel like ###*I wont have the opportunity to learn it for the rest of my
11 May 2019
Hi everyone, I'm very interested in one JPM China opportunity and have applied on the recruitment website 1 week ago. Got nothing after the confirm email and the "talent network" email. The job was posted on early March so I'm not sure if there are already tons of applications before me. Also, I heard from my refer guy that JPM's JV was still in early stage in China, so they're recruiting ED/MDs, after which will be junior candidates. I'm Chinese and have been working in the same department at a Chinese securities firm for 3 years. Should I wait or cold-mail the group head? Anyone who may know
03 May 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 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
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
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
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
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
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
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, Forbes carried an article suggesting that Li Ka-Shing, the 'Superman' of Hong Kong and 'China's Warren Buffet', is moving out of China which may indicate an early warning of an imminent slowdown. Meanwhile, the real Warren Buffet has, very famously, said: [quote]The 19th century belonged to England
27 Feb 2015
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
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
Link to those who haven't read or heard about this https://www.bloomberg.com/news/features/2018-10-0… What is everyone's thoughts on this article? They claim that many major US companies as well as some government agencies had many of their servers compromised and go into great detail in it all. Of course, the companies and government are denying it right now but I guess time will tell. Thoughts?
09 Oct 2018
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'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
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
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 doesn't surprise me though; it's just another example of the country's "why figure it out for ourselves when we can just steal it" mentality. Sharing is caring; in a land where the biggest companies in the most critical sectors are controlled by the government, there's a lot that these companies could
19 Feb 2013
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 different perspective. More Outbound Investment / M&A While not exactly a merger or an acquisition, the failed attempt by COVEC, a unit of state-owned China Railway Construction Company, to complete the construction of a highway section in Poland illustrates that there is still a steep learning curve
26 Dec 2012
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 intellectual property to manufacture all of the C919's components inside China. Crowdstrike claims that the Ministry of State Security (MSS) tasked the Jiangsu Bureau (MSS JSSD) to carry out these attacks. The Jiangsu Bureau, in turn, tasked two lead
14 Oct 2019
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
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
China's new leaders, President Xi and Premier Li, are rumored to be removing the one child policy by as early as the end of this year according to BoA economist, Ting Lu. If one parent comes from a one child family, that parent will be able to have two children. By as soon as 2015, it might be possible for all families to have two children. Lu is saying that is will be done to help improve China's slowing economy.
13 Aug 2013
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
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
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 China: the huge guys, and everybody else. The huge guys group does include all the bulge brackets we've all come to love, but they really don't have much of a share in the market here. China is dominated by the domestic banks and securities firms.
19 Jun 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
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
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 with various scandals including money laundering, derivative mis-selling and of course, LIBOR manipulation Heightened tensions in the Middle East - Iran, Israel, Palestine, Syria, all of these have been involved in conflicts of some sort and it seems like this will only escalate further in 2013
27 Dec 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 and screwing our companies. The idea of a trade war breaking out is silly though, because we've already lost. No hard feelings, this is just how it works with China: foreign companies play against a stacked deck and loaded dice. Complaining about it won't do anything. The WTO and others may make
17 Jul 2012
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 of England under the guise of Quantitative Easing. While it may seem innocent enough for a country to attempt to stimulate their economy, the fact is this doesn't occur in a vacuum. These programs tend to (and are perhaps intended to) lead to depressed domestic currency values and therefore
20 Sep 2012
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, there are a few things that should never happen. Probably number one on my list thus far is eating hot dogs on a stick and milk for breakfast. A close second is eating spicy peppers on the hottest days of the summer, both so that they sweat to cool off and also so they breathe more heavily so their
22 May 2013
"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: [quote]A decade ago, nearly three-quarters of the world's financing of innovative, tech-heavy startups and young companies took place in the U.S., with
15 Apr 2018
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 will continue to do so, with major implications for the country's economy. During the first decades of Communist China birth rates were high but the food supply was sometimes unpredictable. Then there were some management changes, resulting in 1) the food problems going away and 2) the introduction
02 Oct 2012
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
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 amid the hubris about breakneck development: Big or small, China cannot be depended upon to competently make anything of long-term quality.
05 Jun 2012
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 smog in Beijing the past few days has made me to give a little more thought to the silent killer that is pollution. If you haven't seen the pictures yet, check out this link from Bloomberg Businessweek. Also swing on over to the U.S. Embassy's Twitter feed that gives hourly air quality updates. On the
15 Jan 2013
I have been through the SA recruiting process for BB's HK offices and had no luck landing an offer after few Superdays. As a result, I spent a lot of time reaching out to boutiques in HK and banks in China, and now I have landed an offer from a leading Chinese securities firm's IBD (not CICC) and an offer from a HK boutique.
06 Jun 2014
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