An extraordinary tale of an American firm’s astounding success in China In Money Machine: A Trailblazing American Venture in China, Weijian Shan delivers a compelling account of one of the most significant deals in private equity history: the first and only foreign acquisition of control of a Chinese national bank. Money Machine is the fascinating inside story of the transaction as told by the man who led it, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution, a feat that had never before been attempted, nor has it been repeated. Shan also describes the astonishingly successful turnaround of the institution under the control of the American firm: the clash of cultures, the growth to strength and profitability, and ultimately, the extraordinarily profitable exit from the investment. In the process, he reveals new insights into how finance operates in China’s capital system and how private equity firms can add real value to companies. Readers will also find: A peek behind the curtain of a process usually shrouded in secrecy: private equity dealmaking and moneymaking The complex negotiations between American private equity executives and Chinese regulators to implement a series of unprecedented changes The riveting details of the challenges that had to be overcome to return the bank to growth and profitability An exceptional firsthand account of truly singular deal-making and money-making, Money Machine will be of interest to investment bankers, investors, financial analysts and anyone who appreciates a suspenseful, true-life story.
Foreword by Janet Yellen Weijian Shan's Out of the Gobi is a powerful memoir and commentary that will be one of the most important books on China of our time, one with the potential to re-shape how Americans view China, and how the Chinese view life in America. Shan, a former hard laborer who is now one of Asia's best-known financiers, is thoughtful, observant, eloquent, and brutally honest, making him well-positioned to tell the story of a life that is a microcosm of modern China, and of how, improbably, that life became intertwined with America. Out of the Gobi draws a vivid picture of the raw human energy and the will to succeed against all odds. Shan only finished elementary school when Mao Zedong's Cultural Revolution tore his country apart. He was a witness to the brutality and absurdity of Mao's policies during one of the most tumultuous eras in China's history. Exiled to the Gobi Desert at age 15 and denied schooling for 10 years, he endured untold hardships without ever giving up his dream for an education. Shan's improbable journey, from the Gobi to the "People's Republic of Berkeley" and far beyond, is a uniquely American success story – told with a splash of humor, deep insight and rich and engaging detail. This powerful and personal perspective on China and America will inform Americans' view of China, humanizing the country, while providing a rare view of America from the prism of a keen foreign observer who lived the American dream. Says former Federal Reserve chair Janet Yellen: "Shan's life provides a demonstration of what is possible when China and the United States come together, even by happenstance. It is not only Shan's personal history that makes this book so interesting but also how the stories of China and America merge in just one moment in time to create an inspired individual so unique and driven, and so representative of the true sprits of both countries.
Late in night a sharp knife was pierced into the heart of an investor from other place by a mysterious killer, police had put all its efforts to solve the case without making any progress. From then on many dead bodies were left in street by the mysterious killer with a knife, and people in the city were scared by what they heard about the cases. Instructor FineElegance Li of the group of the criminal investigation of the municipal bureau of public security just joined the group to solve the case, but the sharp knife was pointing at his heart, through his own vigilance, courage and fight, he barely missed the knife, thus he could continue his investigation. At the same time he found there is(are) a mole(moles) inside the bureau... Under extremely difficult situation, he focused his attention on the cases as hard as he could, he persisted in his investigation despite various interference, in the end he found the identity of the killer, after a life or death fight, he caught the killer, exposed the evil and the corrupted behind the killer. The truth is really unbelievable... Black & white ways is signature novel which lay a solid foundation for the author to become the best author about police.
FineElegance Li is a protagonist in a series of novels of WeiJian Zhu. After he solved many major cases while facing life threatening situations, he was transferred to be the director of Bureau of Public Security of Green Hill in a coal mining area, and faced again unprecedented problems: Severe environmental pollution and social ecology, caved-in style corruption, corrupted police force, which posed great challenges to him. In the first day to his office, he was intentionally challenged by local evil force, then met a group of unidentified people coming to the bureau to see him to file complaints, and later on his direct superior, the secretary of Municipal Committee of Political and Legislative Affairs put a lot of pressures on him to interfere with his law enforcement activities... When facing the various problems, he decided to begin and focus his attention to an unsolved murder case of a policeman. During his investigation, he found the case was not a simple criminal case, and was related to an in-house robbery which was involved in the cover-up of the amount of the robbery. Just as he was about to get to know the critical information from a beautiful copyist at his side, she was killed with the same gun which was used to kill the policeman. He continued to put great efforts to investigate the case, then found a local enterprise had been unscrupulously embezzling state-owned asset, and the local enterprise was an actual criminal syndicate, the syndicate had powerful protection offered by officials from city, province and central government. At the crucial moment, when he was about to make a great breakthrough, he was relieved from the post by the protective group, and had to take off his police uniform, at the same time, an evil muzzle was pointing at him and his loved ones.....
Money Games is a riveting tale of one of the most successful buyout deals ever: the acquisition and turnaround of what used to be Korea's largest bank by the American firm Newbridge Capital. Full of intrigue and suspense, this insider's account is told by the chief architect of the deal itself, the celebrated author and private equity investor Weijian Shan. With billions of dollars at stake, and the nation's economic future on the line, Newbridge Capital sought to become the first foreign firm in history to take control of one of Korea's most beloved financial institutions. In a proud country still reeling from a humiliating International Monetary Fund bailout in the Asian Financial Crisis, Newbridge Capital had to muster every ounce of skill, determination, and patience to bring the deal to closing. Shan takes readers inside the battle to win control of the bank—a delicate, often exasperating process that meant balancing the goals of Newbridge with those of the government, bank employees, and Korea's powerful industrial titans. Finally, the author describes how Newbridge transformed and rebuilt the struggling bank into a shining example of modern banking—as well as a massively profitable investment. In the secret world of private equity, few buyouts have been written about with such clarity, detail, and insight—and none with such completeness, covering not only the dealmaking but also the transformation and eventual exit of the investment. For anyone who has ever wondered how private equity investors strike bargains, turn around businesses, and create immense value—or anyone interested in a captivating story of high-stakes money-making—this book is a must-read.
This book systematically presents adaptive multichannel signal detection in three types of non-ideal environments, including sample-starved scenarios, signal mismatch scenarios, and noise plus subspace interference environments. The authors provide definitions of key concepts, detailed derivations of adaptive multichannel signal detectors, and specific examples for each non-ideal environment. In addition, the possible future trend of adaptive detection methods is discussed, as well as two further research points – namely, the adaptive detection algorithms based on information geometry, and the hybrid approaches that combine adaptive detection algorithms with machine learning algorithms. The book will be of interest to researchers, advanced undergraduates, and graduate students in sonar, radar signal processing, and communications engineering.
This book offers a systematic presentation of persymmetric adaptive detection, including detector derivations and the definition of key concepts, followed by detailed discussion relating to theoretical underpinnings, design methodology, design considerations, and techniques enabling its practical implementation. The received data for modern radar systems are usually multichannel, namely, vector-valued, or even matrix-valued. Multichannel signal detection in Gaussian backgrounds is a fundamental problem for radar applications. With an overarching focus on persymmetric adaptive detectors, this book presents the mathematical models and design principles necessary for analyzing the behavior of each kind of persymmetric adaptive detector. Building upon that, it also introduces new design approaches and techniques that will guide engineering students as well as radar engineers toward efficient detector solutions, especially in challenging sample-starved environments where training data are limited. This book will be of interest to students, scholars, and engineers in the field of signal processing. It will be especially useful for those who have a solid background in statistical signal processing, multivariate statistical analysis, matrix theory, and mathematical analysis.
This book demonstrates the concept of ecological system of the smart ports. The innovation is emphasized as the essence of the ecological system as well as the prerequisite and foundation of sustainable development of smart ports. The main supporting technologies of smart ports, including cyber-physical system, middle-office system, blockchain, artificial intelligence, machine vision, AR/VR, system simulation and emulation, digital monitoring and diagnosis, etc., are introduced with concepts and development descriptions as well as practical application cases. It could be used as demonstration and reference for the administrative staff, engineers and technicians as well as researchers in construction and operation of smart ports.
Foreword by Janet Yellen Weijian Shan's Out of the Gobi is a powerful memoir and commentary that will be one of the most important books on China of our time, one with the potential to re-shape how Americans view China, and how the Chinese view life in America. Shan, a former hard laborer who is now one of Asia's best-known financiers, is thoughtful, observant, eloquent, and brutally honest, making him well-positioned to tell the story of a life that is a microcosm of modern China, and of how, improbably, that life became intertwined with America. Out of the Gobi draws a vivid picture of the raw human energy and the will to succeed against all odds. Shan only finished elementary school when Mao Zedong's Cultural Revolution tore his country apart. He was a witness to the brutality and absurdity of Mao's policies during one of the most tumultuous eras in China's history. Exiled to the Gobi Desert at age 15 and denied schooling for 10 years, he endured untold hardships without ever giving up his dream for an education. Shan's improbable journey, from the Gobi to the "People's Republic of Berkeley" and far beyond, is a uniquely American success story – told with a splash of humor, deep insight and rich and engaging detail. This powerful and personal perspective on China and America will inform Americans' view of China, humanizing the country, while providing a rare view of America from the prism of a keen foreign observer who lived the American dream. Says former Federal Reserve chair Janet Yellen: "Shan's life provides a demonstration of what is possible when China and the United States come together, even by happenstance. It is not only Shan's personal history that makes this book so interesting but also how the stories of China and America merge in just one moment in time to create an inspired individual so unique and driven, and so representative of the true sprits of both countries.
Late in night a sharp knife was pierced into the heart of an investor from other place by a mysterious killer, police had put all its efforts to solve the case without making any progress. From then on many dead bodies were left in street by the mysterious killer with a knife, and people in the city were scared by what they heard about the cases. Instructor FineElegance Li of the group of the criminal investigation of the municipal bureau of public security just joined the group to solve the case, but the sharp knife was pointing at his heart, through his own vigilance, courage and fight, he barely missed the knife, thus he could continue his investigation. At the same time he found there is(are) a mole(moles) inside the bureau... Under extremely difficult situation, he focused his attention on the cases as hard as he could, he persisted in his investigation despite various interference, in the end he found the identity of the killer, after a life or death fight, he caught the killer, exposed the evil and the corrupted behind the killer. The truth is really unbelievable... Black & white ways is signature novel which lay a solid foundation for the author to become the best author about police.
This book presents a comprehensive study on intelligent container terminals. Based on the development experience gained to date with container terminals, it analyzes information flows and their interactions with container terminals; illustrates the operation management process from information collection to resource planning and from equipment scheduling to field operation; highlights several dynamic decision-making problems concerning digital operation processes and container terminals; reveals the basis of the discrete logistics system; and discusses the future of intelligent container terminals.
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