US financing techniques in China: Mission Impossible?

William Hui believes not. He has already carried out two very successful, very expensive training sessions to teach Goldman Sachs-style techniques to Chinaí»s new breed of investment bankers.
Put your money where your mouth is that is the refrain of China skeptics reluctant to admit that China is serious about reform. And given the Wild West atmosphere so prevalent in Chinaís financial markets, it does comes as quite a surprise to discover that that is exactly what Chinaís investment banks have been doing. Top securities houses such as Guotai Junan, Guosen, Guotong, Citic Securities and Everbright Securities as well as a smaller number of managers from the nascent fund management industry, have been shelling out $3000 per head for a five day course in corporate finance techniques. íWe didnít market the course as íadvancedí,...

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