Money Machine

Praise for MONEY MACHINE

“Banking reform, long an oxymoron in a country of government-controlled banking system, was energized by a foreign private equity takeover. This book shares the full story. As the tenacious architect of this historic transaction, Shan provides a breathtaking account of the financialization of modern China.”
— Stephen Roach, Yale professor and former Chairman of Morgan Stanley Asia, author of Accidental Conflict: America, China, and the Clash of False Narratives

“An absolutely amazing tale! It’s highly informative and reads like a novel. A must read for anyone doing business in China. And that means almost everyone.”
— Max Baucus, United States Senator (1978–2014) and Chair of the Senate Finance Committee (2007–2014), US Ambassador to China (2014–2017)

“Money Machine is the third of Weijian Shan’s riveting memoirs. It is the inside story of how an American private equity firm took over an ailing bank in China and fixed it, before exiting in one of the most lucrative financial transactions ever—and a win for all sides involved. It is also a cautionary tale of just how much tenacity is required when it comes to investing in China—something which is as relevant today as it was over a decade ago.”
— Henny Sender, Managing Director of BlackRock, formerly Chief Correspondent for international finance at the Financial Times

“Money Machine is an instant dealmaker’s classic. The author delivers an eyewitness drama of fundamental change. Money Machine ultimately is less about money but about change. Read and learn.”
— Andrew Sheng, Distinguished Fellow, Asia Global Institute, University of Hong Kong, formerly Chairman, Hong Kong Securities and Futures Commission