Podcast with Weijian Shan, author of “Money Machine: A Trailblazing American Venture in China”
In 2010, Ping An took over Shenzhen Development Bank, ending an experiment that had never been tried before, and not been tried since: a foreign company owning and managing a Chinese bank. Newbridge Capital, a private equity firm, shocked the financial world when it agreed to take over the bank five years earlier—and successfully made…