PAG govt chairman and co-founder Weijian Shan will seem in a highlight interview at the Mingtiandi Hong Kong Focus Forum on 27 June. Tickets to the occasion can be found through the Register hyperlink beneath whereas provides final.
Since China reopened to funding from past its borders greater than 40 years in the past, there was just one case of a overseas firm buying management of a mainland financial institution, and the architect of that transaction can be sharing his story at the Mingtiandi Hong Kong Focus on 27 June.
Having just lately printed his third e-book, Money Machine: A Trailblazing American Venture in China, Weijian Shan, chairman and co-founder of Hong Kong’s PAG will seem in a one-on-one interview with Mingtiandi’s Michael Cole at the gathering, which is predicted to appeal to greater than 250 actual property funding executives from across the area and globally.
In the interview, Shan will share the story of how, collectively along with his crew at Newbridge Capital (now half of TPG), he led the American personal fairness agency in shopping for a controlling stake in Shenzhen Development Bank from entities belonging to the town authorities and turned across the failing state-run monetary establishment.
Since becoming a member of PAG in 2010, Shan has helped construct the pan-Asian personal fairness participant into a multi-sector investor managing actual property, personal fairness and credit score methods with over $50 billion in property beneath administration.
Turnaround Artist
For Shan, who spent his teenage years doing arduous labour within the Gobi desert throughout China’s Cultural Revolution, fixing up and later promoting the national-level financial institution to Ping An Insurance Group was only one in a sequence of profitable turnarounds.
After returning to Beijing from Inner Mongolia in 1975, following the tip of the Cultural Revolution, Shan went on to earn an MBA from the University of San Francisco, adopted by MA and PhD levels at the University of California at Berkeley.
After a stint at the World Bank, Shan taught at the Wharton School at the University of Pennsylvania, earlier than becoming a member of JP Morgan in 1993, the place he later was promoted to a managing director function.
Moving into personal fairness at Newbridge in 1998, Shan led a sequence of groundbreaking investments in Asia, together with the buyout of Korea First Bank within the wake of the Asian Financial Crisis.
Shenzhen Surprises
In telling the story of TPG’s buyout of Shenzhen Development Bank, Shan recounts the exhilaration and anxieties acquainted to many buyers energetic in mainland China throughout the nation’s increase years, together with struggles with vacillating native officers, opaque processes and murky monetary statements.
For the interview at the Mingtiandi discussion board, Shan can be requested to share extra particulars concerning the financial institution buyout, in addition to filling within the viewers on his earlier books, together with Out of the Gobi: My Story of China and America, which tracks his life journey via some of China’s most tumultuous a long time.
Under Shan’s management, PAG has been one of Asia’s most energetic actual property buyers, working each a core-plus/value-add and an opportunistic technique.
In January this yr PAG teamed up with Singapore’s Mapletree Investments to purchase Hong Kong’s Goldin Financial Global Centre for $713 million and in December the agency’s Flow Digital Infrastructure enterprise broke floor on a knowledge centre within the Philippines.
Shan can be one of a quantity of trade leaders talking at Mingtiandi’s Hong Kong Focus Forum, with Warburg Pincus managing director Ellen Ng additionally showing in a highlight interview.
Other audio system at at the occasion embody George Hongchoy of Link REIT, Graeme Torre of APG and Francis Li of Cushman & Wakefield. The Mingtiandi Hong Kong Focus Forum is sponsored by Yardi.
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