Whose interests are the National Champions championing: Can Beijing manage its state owned enterprises?

Carl E. Walter, Former CEO at JPMorgan Chase Bank China Co Ltd.

RSVP required by 5PM February 7

Over the past 35 years of the reform period Beijing has tried to make its state-owned enterprises more efficient and competitive. In the early 1990s it adopted a strategy modeled closely on the Western corporation and the equity and debt capital markets that support its operations. But China's big SOEs have demonstrated more and more independence despite outright economic and ownership control by the government and the Communist Party. And this independence has not led to greater efficiencies or, arguably, even competitiveness. Instead the National Champions represent monopolistic economic and political power. Today China's new leadership confronts the National Champions seeking to regain control over the state's principal assets. How did this happen and what can be done to reassert Beijing's rights?

Monday, February 10, 2014 | 4:15 pm — 5:30 pm
Philippines Conference Room, Encina Hall, 3rd Floor

Stanford China Program, Shorenstein APARC