k****k
发帖数: 3322 | 1 资本主义与官僚共产主义的巧妙结合，多么的讽刺。
现在的中国，说白了就是那党中央元老们几百家控制的中国。在这儿生活，是帮资本家
打工，做得好当个小资本家；回国发展，那是帮二代们打工，有什么意义？
HONG KONG (Reuters) - A U.S. banking regulator's probe into JPMorgan's
hiring practices in China will have rival banks scrambling to review their
own records, lawyers say, in a market where ties to political and business
leaders can be key to winning big deals.
Banks around the world commonly hire people with government connections, but
this is especially prevalent in China due to the role the ruling Communist
Party plays in the country's business.
Offering a job to one of China's so-called princelings - the offspring of
China's political elite - is now a potential liability, with the U.S.
Securities and Exchange Commission (SEC) investigating whether JPMorgan's
Hong Kong office hired the children of China's state-owned company
executives with the express purpose of winning underwriting business and
other contracts, said a person familiar with the matter.
U.S. law does not stop companies from hiring politically connected
executives. But hiring people in order to win business from relatives can be
bribery, and the SEC is investigating JPMorgan's actions under the U.S.
Foreign Corrupt Practices Act (FCPA), the person added.
"If I were a competitor of JPMorgan, I would definitely start to do some
internal investigations looking into the relationships with princelings,"
said a China-based lawyer who works with financial institutions.
Bank of America, Citigroup, Credit Suisse, Goldman Sachs and Macquarie are
just a few of the banks to have employed relatives of top Chinese officials
in the past five years. The banks declined to comment or did not respond to
requests for comment.
Marie Cheung, a Hong Kong-based spokeswoman for JPMorgan, declined to
comment on the matter beyond what was in the bank's regulatory filings,
noting the bank was cooperating with probes.
The distinction between hiring a relative of a foreign official who may be
well connected, and offering employment to such a person in the express hope
of winning specific business is key to proving FCPA violations, according
to a report on the FCPA published last October by law firm Gibson, Dunn &
Crutcher.
"DOJ and the SEC will examine the circumstances of the engagement to
determine whether the purpose of the relative's hiring is to improperly
influence the foreign official," the report noted, adding that in such cases
FCPA violations may occur even if the employee is otherwise qualified for
the job.
GREY AREA?
"If JPMorgan put the person down in their books as a legitimate hire, and
then it turns out that the person is there just to get certain connections,
then anything you pay can be considered a bribe," said the China-based
lawyer, who was not authorized to speak publicly about the issue.
The SEC probe coincides with a broader focus by the U.S. government on China
-related corruption and the impact on U.S. businesses and individuals.
Violating the FCPA can result in criminal liabilities, the lawyer said,
though in this case a likely outcome, if the U.S. government prevails, would
be a civil fine and the admission of wrongdoing.
According to the New York Times, JPMorgan hired Tang Xiaoning, the son of
Tang Shuangning, chairman of China Everbright Group, a state-controlled
financial conglomerate, and a former Chinese banking regulator. After the
younger Tang joined JPMorgan, the bank secured several important assignments
from the Chinese conglomerate, including advising a subsidiary on a stock
offering, according to the newspaper.
The SEC is also probing JPMorgan's hiring of Zhang Xixi, the daughter of a
now-disgraced Chinese railway official. The bank went on to help advise the
official's company, which builds railways for the Chinese government, on its
plans to go public, the newspaper said.
The bank has not been accused of wrongdoing, the New York Times said, citing
a government document. There is no documentary evidence that Zhang Xixi or
Tang Xiaoning were unqualified, but the SEC is checking whether the bank's
Hong Kong office routinely won business from companies connected to its
employees, the newspaper reported.
PRINCELING BANKERS
It's sometimes overstated how influential such hires can be, bankers and
headhunters say.
When UBS Securities won a mandate to handle a more than $6 billion stock
offering by PetroChina in 2007, attention focused on the bank's earlier
hiring of the daughter of a top executive at the government-run oil and gas
company.
In that case, UBS's investment banking division had no idea that the
PetroChina CFO's daughter had been hired as a graduate trainee in the fixed-
income division when they pitched for the deal, IFR magazine reported at the
time. UBS was then the leading Asian equities franchise and a natural
choice for the deal.
It's important to distinguish between well-connected junior hires who may
work at a bank for a short time, and similarly connected professionals who
go on to carve out a career for themselves in the financial industry.
"The industry is still a meritocracy and over the course of a few years, it
pretty readily separates the wheat from the chaff - so even if a 'connected'
person is hired, unless they perform, they too are shown the door," wrote
Russell Kopp, managing director at Correlate Search, in an email.
The list of prominent princeling bankers in China includes Bank of America's
Margaret Ren, the daughter-in-law of former Chinese Premier Zhao Ziyang,
who has also worked at Bear Stearns, Citigroup and BNP Paribas. When Ren was
at Merrill Lynch, she shared the role of China investment banking chairman
with Wilson Feng, whose father in-law is Wu Bangguo, former chairman of the
National People's Congress. Feng left banking in 2009 to run an investment
fund.
Other high profile names include Credit Suisse's China investment banking
chairman Janice Hu, the granddaughter of former party chairman Hu Yaobang
and a veteran banker in her own right. Wen Ruchun, the daughter of former
premier Wen Jiabao, worked at Credit Suisse's Beijing branch for a year,
according to a document obtained by Reuters.
For many children of the Chinese elite who are hired by Wall Street banks,
it's their business school credentials as much as their family connections
that get them a foot in the door, according to a Hong Kong-based managing
director at a U.S. bank who is involved in hiring.
"These kids tend to be well educated. If Harvard Business School or Stanford
let these influential people in, and those schools are on the list of
places we tend to hire from, it's a natural process," said the banker. | c*****g
发帖数: 21627 | 2 美国查JP Morgan的海外腐败 －－
“说明中国政府腐败，说明美国人讲法制”
中国查中兴的海外腐败 －－
“说明中国公司腐败带坏了国外”
总之都是老美对
but
Communist
【在 k****k 的大作中提到】
: 资本主义与官僚共产主义的巧妙结合，多么的讽刺。
: 现在的中国，说白了就是那党中央元老们几百家控制的中国。在这儿生活，是帮资本家
: 打工，做得好当个小资本家；回国发展，那是帮二代们打工，有什么意义？
: HONG KONG (Reuters) - A U.S. banking regulator's probe into JPMorgan's
: hiring practices in China will have rival banks scrambling to review their
: own records, lawyers say, in a market where ties to political and business
: leaders can be key to winning big deals.
: Banks around the world commonly hire people with government connections, but
: this is especially prevalent in China due to the role the ruling Communist
: Party plays in the country's business.
| I******I
发帖数: 14241 | 3 顺丰快递20%的股权卖给了国企。
李彦宏的百度因为没有满足某个衙内要钱或者低成本入股的要求，直接被央视揭批好几
天。
出租车打车软件逐渐成规模之后，出租车行业管理部门要求将其收入和运营纳入官方管
理。
国内当个体制内公务员的背后都是各种盘根错节的关系，花个几万人刀获得的职位都是
没人愿意干的粪坑，给人背黑锅的职位。
读得懂这些，你才读懂了中国。忽悠无脑裸体海归的，应当判过失杀人罪。
but
Communist
【在 k****k 的大作中提到】
: 资本主义与官僚共产主义的巧妙结合，多么的讽刺。
: 现在的中国，说白了就是那党中央元老们几百家控制的中国。在这儿生活，是帮资本家
: 打工，做得好当个小资本家；回国发展，那是帮二代们打工，有什么意义？
: HONG KONG (Reuters) - A U.S. banking regulator's probe into JPMorgan's
: hiring practices in China will have rival banks scrambling to review their
: own records, lawyers say, in a market where ties to political and business
: leaders can be key to winning big deals.
: Banks around the world commonly hire people with government connections, but
: this is especially prevalent in China due to the role the ruling Communist
: Party plays in the country's business.
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