《China's Superbank》PDF电子书下载
《China's Superbank》内容简介
Henry Sanderson、Michael Forsythe / Bloomberg Press / 2013-1-22 / USD 63.00 -
China's rise as a global economic superpower, the success of its top companies, and its continuing domestic boom is intricately tied to China Development Bank (CDB). This less-than-transparent institution, which is wholly owned by the Chinese government, has become the financial enabler of this nation's growth and is arguably the most powerful bank in the world.
While development banks have long existed to finance political projects, infrastructure, and other initiatives, nothing comes close to CDB in scope.
In China's Superbank, authors Henry Sanderson and Michael Forsythe—both Bloomberg journalists working in Beijing—combine on-the-scene reporting and interviews from across the world with numbers crunched from Chinese bond prospectuses to put CDB in perspective, and help you understand the economic phenomenon that is China.
Along the way, you'll not only become familiar with the growing accomplishments and influence of CDB, but you'll also gain valuable insights into the darker side of this political-financial institution—one that has never had to answer to anyone apart from its state shareholders. You'll also discover how China's seemingly unstoppable banking system could potentially be saddled with bad debt from trillions of yuan invested in projects with questionable economic value both at home and abroad.
Throughout the book, the authors:
Explore CDB's hallmark innovation—the system of local government finance—which has transformed China's landscape in just over a decade by pumping trillions of yuan into various domestic projects
Profile Chen Yuan, the Chairman of CDB since 1998, and discuss how he's been instrumental in reasserting the Communist Party in China's economy, while managing to preserve enough independence from the government to make decent investment decisions and function as a commercially driven institution
Analyze CDB's China-Africa Development Fund—China's largest private equity fund investing in Africa—and its attempts to
China's rise as a global economic superpower, the success of its top companies, and its continuing domestic boom is intricately tied to China Development Bank (CDB). This less-than-transparent institution, which is wholly owned by the Chinese government, has become the financial enabler of this nation's growth and is arguably the most powerful bank in the world.
While development banks have long existed to finance political projects, infrastructure, and other initiatives, nothing comes close to CDB in scope.
In China's Superbank, authors Henry Sanderson and Michael Forsythe—both Bloomberg journalists working in Beijing—combine on-the-scene reporting and interviews from across the world with numbers crunched from Chinese bond prospectuses to put CDB in perspective, and help you understand the economic phenomenon that is China.
Along the way, you'll not only become familiar with the growing accomplishments and influence of CDB, but you'll also gain valuable insights into the darker side of this political-financial institution—one that has never had to answer to anyone apart from its state shareholders. You'll also discover how China's seemingly unstoppable banking system could potentially be saddled with bad debt from trillions of yuan invested in projects with questionable economic value both at home and abroad.
Throughout the book, the authors:
Explore CDB's hallmark innovation—the system of local government finance—which has transformed China's landscape in just over a decade by pumping trillions of yuan into various domestic projects
Profile Chen Yuan, the Chairman of CDB since 1998, and discuss how he's been instrumental in reasserting the Communist Party in China's economy, while managing to preserve enough independence from the government to make decent investment decisions and function as a commercially driven institution
Analyze CDB's China-Africa Development Fund—China's largest private equity fund investing in Africa—and its attempts to