Investment Banking and Investment Opportunities in China A Comprehensive Guide for Finance Professionals

by Liaw, K. Thomas

• ISBN13: 9780470044681
• ISBN10: 0470044683
• Edition: 1st
• Format: Hardcover
• Copyright: 2007-07-27
• Publisher: Wiley

Summary

Praise for Investment Banking & Investment Opportunities in China "I first met Tom Liaw when my company was exploring potential opportunities in Taiwan. He clearly knew the market and proved invaluable in explaining the financial landscape and in arranging meetings with potential clients, other market participants, and senior government officials. Investment Banking and Investment Opportunities in China should prove equally valuable as we now look to further expand our activities to mainland China." -Douglas Reinfeld-Miller, EVP, Ambac Assurance, and Chairman/CEO, Ambac Assurance UK Ltd "There is no more important market than China today. Dr. Liaw's book provides an overview of the current situation and recommendations as to how investors can profit from China's amazing growth." -Donald Tang, Chairman, Bear, Stearns Asia Ltd, and Vice Chairman, Bear, Stearns & Co., Inc. "Professor Liaw's book takes you on a quick walk through the major milestones in China's economic development over the past two decades. It shows a clear understanding of the environment for doing business in China and explains hot topics in the marketplace. This book is simple, easy to read, and yet highly informative." -Jesse Wang, Vice Chairman, China Central SAFE Investments Ltd, and Chairman, China International Capital Corporation Ltd "Provides a clear map of China's financial system, investment banking business, and investment opportunities. It should be read by all who are interested in China." -Mao-Wei Hung, Dean, College of Management, National Taiwan University "Dr. Liaw's book is a comprehensive professional reference work for those of us involved in the global investment arena. I highly recommend it." -Charles P. Menges, Jr., CFA, Principal, Business Global Wealth Management, a Unit of Alliance Bernstein LP "China's development has a unique track, including the financial market. People who want to profit from China should have a clear view of this market. Dr. Liaw's book, explaining China's market opening and foreign participation, is the one necessary for them to read." -Wei Xing, Director of Rules and Regulations, China Insurance Regulatory Commission

Author Biography

K. Thomas Liaw is Professor of Finance and Chairman of the Economics and Finance Department at St. John's University in New York. He holds a PhD from Northwestern University and has written several books and many articles on investment banking, capital markets, stocks and bonds, and China's banking and securities markets. He speaks at executive programs, venues such as APEC and World Bank symposium, Harvard China Review and Harvard Business conferences. He served as president of the Chinese-American Academic and Professional Society in 2005. He is also a Director at State Bancorp, Inc. and the State Bank of Long Island, as well as a consultant to corporations.

Table of Contents

Preface	p. ix
Acknowledgments	p. xi
Introduction to China's Financial Markets and Business Basics
An Overview of China's Powerful and Growing Economy	p. 3
Opening Financial Markets through World Trade Organization Membership	p. 24
Huge Opportunities and Unique Challenges of Investing in China	p. 50
Navigating China's Business Culture, Political Risks, and Corruption	p. 79
Chinese Business and Financial Law	p. 93
Greasing the Wheels and Entering the Chinese Markets	p. 101
China's Financial Markets and Investment Banking
Opportunities and Challenges for Foreign Firms in China's Financial System	p. 115
Private Equity Fund Management and Investing	p. 136
The Growing Market for Mergers and Acquisitions	p. 160
Underwriting Stocks	p. 179
Underwriting Fixed-Income Securities	p. 201
Derivatives Markets and Risk Management	p. 227
Asset Management Business	p. 250
Profitable Investments in China
Profit from Investment Opportunities in China	p. 271
Investing in Growth Sectors	p. 294
Investing in Value Sectors	p. 313
Investing in Chinese Companies Listed on U.S. Exchanges	p. 334
Investing in Chinese Mutual Funds	p. 349
Investing in Chinese Exchanged-Traded Funds Listed on U.S. Exchanges	p. 368
Foreign Corrupt Practices Act: Antibribery Provisions	p. 383
Law of the People's Republic of China on Banking Regulation and Supervision	p. 390
Securities Law of the People's Republic of China	p. 400
Insurance Law of the People's Republic of China	p. 446
Encouraged, Restricted, and Prohibited Foreign Investment Industries	p. 471
China's Law on Chinese-Foreign Equity Joint Ventures	p. 488
China's Law on Chinese-Foreign Contractual Joint Ventures	p. 492
Provisional Administrative Rules Governing Derivatives Activities of Financial Institutions	p. 497
ETFs on American Stock Exchange	p. 505
Chapter Notes	p. 511
Glossary	p. 519
Bibliography	p. 529
Index	p. 539
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