Money machine : a trailblazing American venture in China / Weijian Shan ; [Foreword by Frank Newman].

Includes index.

Foreword by Frank Newman: An Extraordinary Journey xi A Note from the Author xiii Part I Courtship 1 Chapter 1 An Unexpected Question 3 Chapter 2 A License to Print Money 11 Chapter 3 The Craft of Private Equity 19 Chapter 4 A Special Time and Place 29 Chapter 5 Dancing with the Wolves 41 Chapter 6 Rolling Faster 55 Part II Fight 73 Chapter 7 Tug of War 75 Chapter 8 Behind the Scenes 85 Chapter 9 Roller Coaster 97 Chapter 10 Transition to Nowhere 107 Chapter 11 “Nut Case” 117 Chapter 12 Untying the Knot 127 Part III Transformation 141 Chapter 13 Making History 143 Chapter 14 Righting the Ship 153 Chapter 15 Bank Repairman 169 Chapter 16 Game of Chicken 185 Chapter 17 Window of Opportunity 193 Chapter 18 Mariana Trench to Mount Everest 205 Part IV Exit 215 Chapter 19 Coveted Prize 217 Chapter 20 Flavor of the Day 227 Chapter 21 Financial Tsunami 237 Chapter 22 Stars Align 251 Chapter 23 Turning Point 265 Chapter 24 A Deal That Shakes 277 Epilogue The Kingdom of Freedom 293 Acknowledgments 301 About the Author 303 Index 305

"Private equity deal making is often shrouded in secrecy. But one legendary dealmaker is happy to explain how a failing Chinese financial institution was transformed into a profitable one, without a single dollar of government support. During the Great Financial Crisis (GFC) of 2008, banks around the world, including in America, Britain, and Europe, were supported by government cash injections and guarantees. But there was one significant bank, deeply troubled before the GFC, that worked through that time to strength and success, without any government funding or financial guarantees. None. Where was this bank? In China. And, who controlled the bank and guided it during this extraordinary recovery? A US-based private-equity firm. How was all this possible? How was it possible that a US firm took on leadership of a Chinese bank? How did a good-sized national bank, troubled and weak before the GFC, become strong, healthy, and successful, without a single dollar of government support? How did the teamwork with Chinese regulators to implement a series of unprecedented steps? How did the private-equity process proceed, in China, once the bank was so successful, to realize very substantial benefits for its investors, in US dollars? And there's more -- all true, amazingly. A high-profile lawsuit filed in the US, involving a Chinese bank, a Taiwanese-=listed company, and of interest to the Chinese government at high levels. A board composed largely of Chinese businesspeople, with a US-based major shareholder and an American chairman, making rapid change"-- Provided by publisher.