{"id":55394,"date":"2010-03-30T14:32:04","date_gmt":"2010-03-30T22:32:04","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=55394"},"modified":"2010-03-30T14:32:04","modified_gmt":"2010-03-30T22:32:04","slug":"china-to-the-money-born","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2010\/03\/china-to-the-money-born\/","title":{"rendered":"China: To the Money Born"},"content":{"rendered":"

The Financial Times <\/a>has an in-depth look at the connections between China’s princelings and private equity:<\/p>\n

\nThe company has no nameplate in the lobby of the Golden Treasure Tower, a nondescript building near the Forbidden City, the traditional seat of imperial power. Its simple 12th floor offices are identified only by a small sign inside the door that reads, in Chinese, \u201cNew Horizon Growth Investment Advisory Limited\u201d.<\/p>\n

The company does not need flashy suites as it has one of the most valuable assets in China. He is Winston Wen, an MBA from Northwestern University\u2019s Kellogg business school in the US who keeps a low profile and bears a striking resemblance to his father \u2013 Wen Jiabao, premier of the People\u2019s Republic of China.<\/p>\n

The younger Mr Wen and New Horizon are in the vanguard of a more aggressive generation of taizidang (\u201cprincelings\u201d) \u2013 offspring of senior Communist party officials \u2013 who dominate the burgeoning home-grown private equity industry, where huge profits are to be made from restructuring state assets and financing private companies. <\/p><\/blockquote>\n

Read more about China’s princelings<\/a> via CDT.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Financial Times has an in-depth look at the connections between China’s princelings and private equity: The company has no nameplate in the lobby of the Golden Treasure Tower, a nondescript building near the Forbidden City, the traditional seat of imperial power. Its simple 12th floor offices are identified only by a small sign inside […]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,100,38],"tags":[3945,4988],"class_list":["post-55394","post","type-post","status-publish","format-standard","hentry","category-economy","category-politics","category-the-great-divide","tag-princelings","tag-private-equity","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nChina: To the Money Born<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2010\/03\/china-to-the-money-born\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China: To the Money Born\" \/>\n<meta property=\"og:description\" content=\"The Financial Times has an in-depth look at the connections between China’s princelings and private equity: The company has no nameplate in the lobby of the Golden Treasure Tower, a nondescript building near the Forbidden City, the traditional seat of imperial power. 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