• Mon
  • Sep 22, 2014
  • Updated: 12:18pm

Princeling

JPMorgan’s top China banker Fang Fang to retire, as colleague Frank Gong gets promotion

JP Morgan Chase's chief executive for China investment banking is stepping down after more than a decade of making deals at the US bank, people familiar with the situation said.

Tuesday, 25 March, 2014, 11:50am 2 comments

Banks will not end connected hiring

Banks have no plans to change their policy of hiring so-called princelings or other well-connected people to help grow their business on the mainland or in other emerging markets - despite the shockwaves caused by news that United States regulators are investigating JP Morgan's hirings of the children of the elite in China.

16 Sep 2013 - 7:12am

Chinese firms in Hong Kong may be new paradises for 'princelings'

It's a season of change in Hong Kong. Change what? Quietly changing jobs for some important people. The US government announced last month that it would investigate JP Morgan's Hong Kong hiring practices relating to job offers for children of some important people on the mainland, and as a result, several such "important kids" working for other foreign banks are now seriously considering new jobs.

16 Sep 2013 - 7:20am 2 comments

Why the children of many important people are in Hong Kong

The sons and daughters and even the grandsons and granddaughters of those who are or used to be in very powerful positions in China have recently grabbed public attention again, thanks to some so-called breaking news which isn't really "breaking" at all.

26 Aug 2013 - 6:47am 10 comments