Friday, August 23, 2013

Why princelings are disappearing from the investment banks - Wei Gu

Wei Gu
Wei Gu
When the US financial authorities went after investment bank JPMorgan for hiring princelings in China - the sons and daughters of high officials - many in China scratched their heads. Hiring princelings was common practise, but is now reversing because of the changes in the banking business, WSJ's Wei Gu discovers in a discussion Tjun Tang of the Boston Consulting group.

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Wei Gu is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers' request form.

After GSK got into trouble with China's authorities in July for large-scale corruption, foreign firms have been complaining they are singled out for anti-corruption actions by the government. At the +China Weekly Hangout China veteran Janet Carmosky and sustainability professor +Richard Brubaker explored on August 22 whether that complain is correct. Moderation by +Fons Tuinstra Fons Tuinstra, president of the China Speakers Bureau.

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