The Shenzhen Development Bank deal was Shan’s last major involvement at Newbridge, before he set up PAG Asia Capital in Hong Kong in 2010. Photo: Edmond So
Mao’s former barefoot doctor recalls sole foreign takeover of Chinese bank
- Opportunity to buy control of a bank in China, home to the fast economic growth in the world, was certainly appealing, Shan Weijian says in new book Money Machine
- Jiang Zemin and his government considered foreign investment and participation ‘as critical to their reforms and growth agenda’
The Shenzhen Development Bank deal was Shan’s last major involvement at Newbridge, before he set up PAG Asia Capital in Hong Kong in 2010. Photo: Edmond So
