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Due Diligence in China: Beyond the Checklists

ISBN: 978-1-118-46905-7

August 2013

256 pages

Description

Praise for Due Diligence in China

"A number of highly publicised frauds at Chinese companies listed in Western markets have raised questions about the approach to diligence. In Due Diligence in China: Beyond the Checklists, Kwek Ping Yong addresses this uncertainty, using real case studies to bring the diligence process in China to life. Yong highlights where standard diligence processes should be augmented for China and alerts us to potential oversight issues."
—Dominic Barton, Managing Director, McKinsey & Co.

"The Chinese economic landscape is littered with the remains of good ideas that were too casually executed. Due diligence may well be the single most important decision that an organization can make regarding the China market. Kwek Ping's experience and familiarity with doing business in China makes this book a comprehensive source of guidance on how to be better prepared in entering the world's most complex marketplace."
—Bill Fischer, Professor, IMD; former Executive President and Dean, China Europe International Business School (CEIBS); coauthor, Reinventing Giants

"Comprehensive and focused, Due Diligence in China is a truly useful guide on due diligence and extends the knowledge base of the subject under the business landscape of China.

"Kwek Ping has a deep technical understanding based on years of private equity investment experience in China across various industries and companies. The book presents a framework that integrates research and analysis. It covers the scope of problems and issues that one will face in the process and provides practical ideas on how to resolve them, complete with implementation guidelines, checklists, summary models as well as case studies.

"As the world's leader in sourcing, production management and supply chain solutions, Li & Fung operates one of the most extensive global networks. Due diligence is an essential topic in our everyday decision making. This is recommended reading for my team and should also be for any business owner, manager, and finance professional."
—Bruce Rockowitz, Group President and CEO, Li & Fung Limited

"Kwek Ping Yong has your back. Due Diligence in China goes beyond the usual exhortations of 'know your partner' in China. He tells you how to do it with just the right amount of case detail and big picture thinking that will hone your instincts. A must-read for anyone thinking of partnering in China as buyer or investor."
—Regina M. Abrami, Ph.D., Director, Global Program and Senior Lecturer, Political Science and Senior Fellow, The Wharton School

About the Author

Kwek Ping Yong has more than ten years of private equity investment experience in China. Mr. Yong started his first USD China-focused growth fund in 2001 and has since made more than thirty investments in businesses there, across various industries, including manufacturing, mining, energy, food and beverage, and the retail sector. He has also planned and executed many successful exits through trade sales and pre-IPO transactions, and performed hundreds of full due diligence exercises for Chinese companies pre- and post-investment. Mr. Yong launched his first Chinese RMB private equity growth fund in 2010 with a total USD and RMB fund size of more than US$4 billion under management. Prior to joining Inventis, Kwek Ping founded an IT system integration company that was later merged and listed at the Helsinki Stock Exchange in Finland in 2000. His track record is well recognized internationally, and he is frequently invited to speak at international conferences and summits. Mr. Yong is an adjunct professor at Singapore Management University, where he developed and teaches private equity courses for the Financial Training Institute. In addition, he is a visiting lecturer at the Imperial College Business School, UK, and a Senior Fellow of the Wharton School, University of Pennsylvania. Kwek Ping Yong is the author of Private Equity in China: Challenges and Opportunities (Wiley), the first industry-focused book on the subject.