Taishan Capital Corporation is engaged in investment banking activities -- corporate finance, mergers and acquisitions, and project finance. We are a multinational company, with partners, advisers, and staff from the United States, Europe, China, and Asia, and an office in Beijing. Taishan Capital commenced full operations in China in 2003-4. Our authorized capital is US$10 million.
Our core business is arranging financing -- in the international capital markets, and in China as well.
We are especially experienced and capable in “cross-border” transactions, involving companies from various countries, where many complex political, cultural, legal, and other considerations are involved.
Our niche focus is transactions under US$100 million, below the usual cutoff point for most major investment banks. This, together with our unique background and experience, makes us one of the very few international class investment banks targeting China's promising smaller and medium sized enterprises (SMEs) and the burgeoning Chinese private sector.
Taishan Capital’s most important asset is our very special group of senior professionals. Our people are internationally recognized, highly talented, and very successful. We have headed up or held senior posts at top tier investment banks and financial institutions. We have really superb contacts --“guanxi”. We have also been active in development finance, venture capital, private equity investments, fund management, and commercial banking, as well as manufacturing, industry, academia, and politics. All of us have lived and worked for many years in China and Greater China, and also in the United States, Europe, and other parts of Asia. From our varied international backgrounds and experiences comes our unusual ability to understand the needs of our clients, both Chinese and non-Chinese, and to act as a bridge between very different parts of the world.
Several years ago Dr. Po-Wen Huang, then a senior investment banker with Merrill Lynch in Hong Kong, and his friend and former World Bank colleague, Dr. Edwin Lim, head of the World Bank’s operations in China, hit upon the idea that China should have its own investment bank, preferably a joint effort with a major international investment banking institution. Lim approached China’s then Executive Director at the World Bank, Xu Naijiong, who gave his wholehearted support, while Huang spoke with his former boss and another old friend, John S. Wadsworth, Chairman of Morgan Stanley Asia, who was also very enthusiastic.
After considerable effort -- including the direct intercession of then Chinese Vice Premier Zhu Rongji -- this led to the establishment of China International Capital Corporation (CICC), China’s first investment bank, a joint venture between China Construction Bank (then headed by current Vice Premier Wang Qishan) and Morgan Stanley. CICC has done well since its inception, and today is China’s top investment banking institution.
After returning to China, Xu Naijiong suggested to Po-Wen Huang that China’s growth and development called for another investment banking institution, targeting and supporting China’s SMEs -- small and medium sized enterprises -- growing by leaps and bounds, already a key contributor to the Chinese economy, and accounting for a majority share of China’s GDP. Xu Naijiong invited Huang to Beijing to set up just such a vehicle, Taishan Capital Corporation.
Mr. Xu Naijiong, Huang Wenjun, former senior MOFERT official and diplomat, and Thomas L. Chrystie, former Merrill Lynch Chairman, became Taishan Capital’s first Senior Advisers. Several other prominent financiers from the U. S. A., Europe, Hong Kong, and China were soon invited to join this group.
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