Why princelings are disappearing from the investment banks - 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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China Weekly Hangout

Shadow banking is on the agenda of the +China Weekly Hangout for Friday 30 August, featuring shadow-banking expert assistant professor Sara Hsu . You can read or announcement here, ask questions, or register for live participation at our event page.

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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