China Business Conundrum

China Business Conundrum

Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice

Wilcox, Ken

John Wiley & Sons Inc

11/2024

384

Dura

9781394294169

Pré-lançamento - envio 15 a 20 dias após a sua edição

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Acknowledgments xiii

About the Author xv

Acronyms xvii

Introduction xix

Prologue: the Green Hat Award xxi

Why I Wrote This Book xxii

How I Structured This Account and Gathered My Information xxv

Part I The Long Lead-up 1

Chapter 1 Silicon Valley Bank Goes to China: Inadvertent Tech Transfer 3

1.1 Why Silicon Valley Bank? The Bank for Innovation 4

1.2 Why China? 9

1.3 Why Me? 14

Chapter 2 It Starts with Guanxi : Kissing Frogs and Finding a Prince 19

2.1 A Prince at Last 20

2.2 Reaching the King 23

Chapter 3 Orienting Ourselves: the Staff, the Teams, and The Runaround 31

3.1 Settling In: The Local Staff 32

3.2 Settling In: The Local Experts 37

3.3 Getting to Work: The Secret Team 42

Chapter 4 Pains in the Neck: the New Bank's Location, Organization, and Identity 51

4.1 The Org Chart 53

4.2 Issues to Resolve 68

4.3 The Letter and What I Learned 71

4.4 Achieving the Impossible 73

4.5 December 2011 74

4.6 Wrapping Up 2011 77

Chapter 5 Slogging Along: Resolving Some of the Major Issues 81

5.1 The Breakthrough in the Tea House at the Zigzag Bridge 86

5.2 A Turning Point 89

5.3 Put in Our Place 91

Chapter 6 The Grand Opening and Yet More Licenses We Didn't Have 99

6.1 A License to Wait 101

6.2 The Worry of Warrants 104

6.3 Growing Anxiety 105

6.4 Regulation 106

Chapter 7 Staffing: Ccp Offspring, Parents, and Cultural Differences 111

7.1 Recruiting: Sons and Daughters of the Party 112

7.2 Retaining: The Brain Drain 116

7.3 Deeper in the Joint Venture 118

7.3.1 Managing the Lenders 118

7.3.2 Assisting Lao Ding 120

7.3.3 The Bank That Didn't Pay Graft 120

Chapter 8 Where the Money Goes, Finding My Successor, and More About China 123

8.1 Seeking a Successor 124

8.2 Entertainments, 2012 126

8.2.1 Chinese Medicine 130

8.3 Reflecting 132

8.4 Wrapping Up 2012 132

Part II After the License 137

Chapter 9 Hastening the Timeline: the Four-prong Strategy And What "letting the Customer Decide" Really Means 139

9.1 Complexities 145

9.2 Moving Forward, Maybe 148

9.2.1 How "Letting the Customer Decide" Really Works 151

9.2.2 Making Progress? 154

9.3 The Danger of Hope 156

Chapter 10 The New Sheriff: XI Comes to Power 159

10.1 The Party Committee 163

10.2 Building the Bank's Culture 164

10.3 Building Guanxi 168

10.4 The Carrot Overhead 171

Chapter 11 Irreconcilable Differences: the More We Knew, The Worse Things Looked 177

11.1 The Successor Is Named 180

11.2 Filling in the Blanks 184

11.3 Wrapping Up 2013 186

Chapter 12 Wrapping Up My Stay: Staff Changes, More Lessons, Still No Rmb 193

12.1 I Could Have Gone Home 198

12.2 Becoming Vice Chairman 201

12.3 Warrants at Last 203

12.4 Conversations in Context 205

12.5 Body Count 208

12.6 Revolution on the Doorstep 212

12.7 Leaving 213

Chapter 13 Success in a Fashion: China's New Tech Bank (which Wasn't Us), and Being Vice Chairman 217

Part III The Chinese Communist Party 223

Chapter 14 The Ccp's Role and Influence 225

14.1 "Party, Government, Military, Civilian, and Academic, East, West, South, North, and Center, The Party Leads Everything." 226

14.2 The Chinese Banking System and Economy 227

14.2.1 Chinese Economics 232

14.3 Opinions of Others About the CCP 237

14.4 Attitudes of the CCP 239

14.5 Changes with Xi 241

Chapter 15 Practical Guidelines for Working with the Ccp 247

15.1 Contracts and the CCP 250

15.2 CCP Negotiation 251

15.2.1 Random Observations 256

15.3 The CCP and Control 258

15.4 The CCP and History 260

Part IV The other 93 Percent 265

Chapter 16 Chinese Beliefs 267

16.1 Chinese Beliefs 269

16.2 Attitudes Toward Americans 279

16.3 Overseas Chinese 282

Chapter 17 The Lives of the other 93 Percent 287

17.1 The Life of Xiao Hong 290

17.2 Non-Chinese Living in China 294

17.3 Strange Things That Happen 295

Chapter 18 Conclusion: Seeking Truth From Facts, Making Sense of It All, and Trying to Predict the Future 297

18.1 How Western Companies Fail in China 304

Part V Four years lessons, condensed 317

Epilogue 325

References 329

Bibliography 331

Index 339
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china business; ccp business; china ethics; china business practices; china finance; china bank; business sabotage; how to do business in china; silicon valley bank; svb; international business; international partnership