A very successful specialty finance firm based in Guangdong Province aims to tap the New York Stock Exchange ASAP. Probably within six months. It has an offshore corporate structure, has long been audited by the Big-4, and will likely make a net profit of 80 million US dollars this year. The business is brisk and they need a critical you!
You have some years of investment banking experience and...
Credit default swaps are storing up trouble for China,
FT, 29 August 2017, by Joe Zhang,
Credit default swaps are a Wall Street invention. During the crisis of 2008, they crippled a number of significant financial companies. But where in the world are such instruments most popular? Not in the US, despite what you might think, but in China.
The China Financing Guarantee Association, a...
Nikkei Asia Review, 14 July 2017.
The state is adding assets to its portfolio, not selling.
by Joe Zhang...
Four years ago, I was part of a chorus of analysts who predicted that a wave of privatization would soon sweep through China. Our sense was that the pressure of official debt, already then reaching a scarily high level by global and Chinese historical standards, would force local gove...
china-grows-equal-opportunity-and-social-mobility-are-fast
SCMP.com, 7 Jul 2017.
阶级斗争要年年讲，月月讲，天天讲。
Joe Zhang considers how his family’s fortunes reflect the changing times in a newly wealthy China. Social mobility, which once enabled the talented and hardworking to make good, is now an unattainable dream for many.
Twice a year, I go from Hong Kong to Jingmen (荊門), in ...
书评：中上阶级偷走了大多数人民的美国梦? 怎么办？
Dream Hoarders: How the American Upper Middle Class is Leaving Everyone Else in the Dust, Why That Is A Problem and What To Do About It.
作者为布鲁金斯研究所的Richard Reeves。
我等待这本书等了二十年！终于有人写了。我立刻在准备隔洋回应：中英双语书开始蕴酿了。
他说，別光责怪最富的1%人群。更要责怪最富的20%人群。你們收入高，有能力获得最多的信贷...
昨天我跟监管当局某领导喝茶。领导突然问，你觉得哪些企业的监管风险最小？我回复，当然是小额贷款公司！它們的股东是最可爱的人！
他皱了一下眉头：为什么？
你看，全国一万多个小贷公司大多数已经瘫痪了，但是，有人抗议吗？有人发牢骚吗？绝对没有。大家急领导之所急。为了传播正能力，他們打掉了牙往肚子里吞，对外绝对众口一辞：不良率很低很低！比银行的还低！
领导不以为然：那算什么？担保业更惨！
我反驳道：领导...
世界在变。英国的工党領袖公开声称，马克思是世界上最伟大的经济学家。
今天，我读了两篇有趣的文章：一篇是美国穷人的心声，另一篇是英國金融时報FT的专栏作家Simon Kuper关于土豪与穷人正在組成的統一战线，开始对于精英阶层。
先讲美國穷人的心声。紐約時报在5/20日发表了最近突然声名大起的女作家 Samantha Irby 的哭泣和声讨。文章题为，"如果我贫困无疆，省钱何为"？If every day is a rainy day, what am I saving for?
...
书评：《蚂蚁金服》，作者：由曦，
这是我读过的所有中国企业传记中最好的一本。故事从支付宝的创立，即为了解決淘宝网上的买卖双方缺乏信任开始，讲到如何获取央行的支付牌照，以及与外国股东脱钩的争议，再到余额宝，最后到成立蚂蚁金服，大力拓展信贷业务，以及海外扩展。
对于不熟悉这些故事的人，这本书的故事十分清晰。对于熟悉的人，这是一个温故而知新的历程。值得一读。
作者由曦在澳洲留过学，因此我...
