22min chapter

Monetary Matters with Jack Farley cover image

What Really Happened To Silicon Valley Bank | Ken Wilcox (SVB CEO 2001 - 2011) on SVB’s Collapse and How China Took Over Shanghai SVB

Monetary Matters with Jack Farley

CHAPTER

Navigating Banking Challenges in China

This chapter recounts the speaker's experience in forming a joint venture with Shanghai Pudong Development Bank during 2011-2012, emphasizing the initial optimism that quickly turned to a realization of the complex regulatory environment in China. Through personal anecdotes, the speaker illustrates the intricate relationship between foreign banks and the Chinese Communist Party, highlighting the challenges faced in obtaining necessary licenses and the unique operational hurdles encountered. Ultimately, the narrative portrays the difficulties that Western businesses face when trying to understand and adapt to China's distinctive political and economic landscape.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode