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
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.
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