Extraordinary opportunities for China's major financial services providers Over the past three decades, China has attained and solidified its position as the world's second-largest economy. There is now an enormous demand for Chinese financial services, especially those related to securities. Chinese Securities Companies is essential reading for anyone involved in Chinese capital markets, because this is a situation that has never been seen before. Management, profit structure, sponsor systems, reform potential—all have unique elements in China, and all are analyzed in depth in this book. Chinese securities expert Wu Xiaoqiu has developed an influential model for understanding China's capital markets in their historical perspective and creating success in this high-demand industry. Read Chinese Securities Companies to understand the four things firms must do in order to exceed the accomplishments of giants like CITIC Securities: Create international vision Develop innovative talent Establish solid capital power Engage in rigorous risk management Using this formula, developed with the aid of research from Moody's, along with a robust historical perspective, Wu Xiaoqiu has written an essential text for anyone involved in global financial services.
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Vaughan Liam. The Fix
Introduction
Chapter 1. The End of the World
Chapter 2. Tommy Chocolate
Chapter 3. Beware of Greeks Bearing Gifts
Chapter 4. A Day in the Life
Chapter 5. Buy the Cash Boys a Curry!
Chapter 6. Anything With Four Legs
Chapter 7. No One's Clean-Clean
Chapter 8. The Sheep Will Follow
Chapter 9. Escape to London
Chapter 10. Goodbye, Big Nose
Chapter 11. The Call
Chapter 12. Crossing the Street
Chapter 13 “What the Fuck Kind of Bank Is This?”
Chapter 14. Just Keep Swimming
Chapter 15. The Ballad of Diamond Bob
Chapter 16. The Switcheroo
Chapter 17. The Trial
Afterword
Epilogue: The Wild West
Acknowledgments
About the Authors
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The Fix
How Bankers Lied, Cheated and Colluded to Rig the World’s Most Important Number
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The reality is both more complex and more shocking than that. The picture that emerges over thousands of pages of public and leaked documents and hundreds of interviews we conducted – with the traders and brokers involved in the scandal, the regulators and central bankers who failed to curb them, and the small, tenacious band of U.S. investigators who ultimately brought them to account – is of a system in which manipulation was not just possible but inevitable. Everyone must take their share of responsibility: the bank executives who fostered a culture where making money trumped all else; the authorities too weak or unwilling to ask awkward questions; and the governments, giddy on tax receipts, who ushered in a style of laissez-faire regulation whose disastrous effects are still being felt today.
At its heart, though, this is a story about a group of traders and brokers who found a flaw in the machine and exploited it for all it was worth. Despite their actions, the men who shared their stories with us are not one-dimensional hucksters unburdened by a conscience. For the most part, they are smart, likeable men – and they are all men – who love their children and cry at sad movies and who somewhere along the way convinced themselves that responsibility for their behavior lay with the system rather than themselves.