Professor of Accounting and Finance, Director of Investment Research Center
PhD, Columbia University
Corporate Finance, Economic Reforms, Financial Accounting, Investments, Real Estate
Philippe Legrain, economist and author of Aftershock and European Spring, on the global economic recovery and the risks that could further disrupt the world. In 2008, the financial crisis brought the global economy to its knees. Today, six years later, the world has still not fully recovered from the impact of the crisis. At the …
How foreign banks in China are planning for the future in the light of a complex regulatory environment. Many of the world’s largest manufacturers have set up storage units and factories in the Waigaiqiao Free Trade Zone about 20 kilometers from the bustling center of Shanghai, mostly to reap tax benefits. The quiet streets and …
You are invited to download the June issue of CKGSB Magazine. You’ll enjoy articles and interviews like: COVER STORY: The Future of Freemium: In light of the recent debate over whether WeChat should start charging its users, CKGSB Magazine takes a close look at the freemium model in which a company provides the bulk of its services …
Continue reading “Download the June 2013 issue of CKGSB Magazine: Future of Freemium”
The first signs of light emerge amidst the dark prospects for private enterprises in China’s ever-tightening credit market It’s been a miserable few months for financing in China’s private sector. A growing number of debt defaults by companies has spurred regulatory crackdowns on the unofficial lending sector, sometimes called ‘shadow banking’, which has sustained (not …
Continue reading “The Money Squeeze: China’s tightening Credit Market”
Chinese banks employ various strategies as they steadily march into international markets On July 6th 2012, Industrial and Commercial Bank of China (ICBC), the world’s largest bank by market value, became a controlling shareholder in The Bank of East Asia’s US subsidiary after receiving final approval from American regulators to purchase 80% of the bank’s …
Continue reading “Banking Abroad: The Globalization of Chinese Banks”
Foreign private equity in China is down, but far from out. For most people, having too much money in the bank is hardly a concern, particularly in the current economic climate. For those in the private equity (PE) industry, however, it’s a an unpleasant reminder of how much the world has changed since the go-go …
Continue reading “Chasing the Deals in China’s Crowded Private Equity Market”
China should adopt a measured but determined approach to banking reform. There is no doubt that banking reform must happen in China. With more than 80% of China’s leverage coming from banks, and lending going predominantly to large state-owned enterprises (SOEs), growth is not likely to take its traditionally strong foothold in small- and medium-sized …
Continue reading “Banking Reform: Slow and Steady Wins the Race”