INVESTMENT BANKING  AND INVESTMENT OPPORTUNITIES IN CHINA

A COMPREHENSIVE GUIDE FOR FINANCE PROFESSIONALS

576 Pages


This book is about China. It is written for market professionals and students
who seek knowledge of China, which has become a magnet for business interests
worldwide. Market professionals have great expectations in profiting from
China’s low manufacturing costs, huge consumer base, and opportunities in financial
services. Students have interests in China for academic research and career opportunities.
China’s growing domestic demand and fast-rising foreign exchange reserves are
having major impacts on international commodities prices and interest rates. China’s
foreign exchange policy is the center of attention of global financial markets. The 1.3
billion populations and the burgeoning economic growth result in exploding domestic
markets. Financial services present profitable opportunities for foreign players to
expand as well. The objective of this book is thus to provide a comprehensive analysis
for the practicing professionals to advance professional development and for students
interested in a career relating to China to gain relevant knowledge.
The book focuses on investment banking and investment opportunities in China.

The book is dividend into three parts: Part I—Chapter 1 through Chapter 6—review
China’s financial markets and business environment. The coverage includes the economy,
the financial markets, the WTO membership, opportunities and challenges of
China investing, regulatory issues, and ways to invest in China.

Part II—Chapter 7 through Chapter 13—focus on investment banking in China.
Large investment banks want to have a presence in China because privatization and
market reforms present businesses in underwriting, advisory services, trading, derivatives,
asset management, private equity, and restructuring. Goldman Sachs, Morgan
Stanley, and several other institutions have invested in and established alliances with
domestic firms. In addition, commercial banking and insurance presents great potentials.
Many money center banks have taken strategic stakes in China’s banks and insurance
companies. Citigroup, Bank of America, and HSBC, for example, have invested
billions and gained access to the burgeoning domestic financial markets.

Part III—Chapter 14 through Chapter 19—examine investment opportunities
and the various means investors can use to profit from China’s growth without venturing
into China. Chapters in this part describe investment opportunities, growth
investing, and value investing in China. This part also discusses financial instruments
that foreign investors can use to invest in China’s growth. Those include American
depositary receipts (ADRs), Chinese country funds, and Chinese exchange-traded
funds (ETFs).

In summary, this book is designed for use as a professional reference and an academic
text suitable for business professionals and students interested in China’s
financial markets. For practitioners and investors, it demonstrates opportunities in
China’s economic growth and financial markets. The objective is to provide professionals
with relevant and in-depth information in order to profit from doing business
with China. For students, the text describes the full range of investment banking and
investment opportunities in China. Such knowledge is helpful in today’s global capital
marketplace.