Join AmCham Shanghai's author series on Thursday, June 1, from 12:00 p.m. to 1:30 p.m., for a talk with Mr. Weijian Shan, author of the book Money Machine: A Trailblazing American Venture in China, at the AmCham Shanghai Conference Room.
Mr. Shan will share a compelling account of one of the most significant private equity deals in the industry's history: the first and only foreign acquisition 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.
Weijian Shan is the executive chairman and co-founder of PAG – an Asia-based and focused private equity firm with more than USD50 billion in capital under management.
Between 1998 and 2010, he was co-managing partner of the private equity firm Newbridge Capital (now known as TPG Asia) and a partner of TPG. Shan was a managing director of JP Morgan, where he was concurrently the chief representative for China between 1993 and 1998. He was an assistant professor at the Wharton School, the University of Pennsylvania between 1987 and 1993. He also worked at the World Bank in 1987 as a member of its Young Professionals Program.
Shan is a Trustee of the British Museum. He is also a member of the International Advisory Council of Hong Kong Exchanges and Clearing Limited, and an independent director of Alibaba Group.
Shan is the author of Out of the Gobi: My Story of China and America (2019), Money Games: The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank (2021) and Money Machine – A Trailblazing American Venture in China (February 2023). He has published commentaries in the likes of The New York Times, the Wall Street Journal, the Financial Times, the Economist and Foreign Affairs.
Shan holds an M.A. and a Ph.D. from the University of California, Berkeley, and an M.B.A. from the University of San Francisco. He graduated with a major in English from the Beijing University of International Business and Economics.