Tiger Woman on Wall Stree (35 page)

reverse mergers and,
126
-127

treatment of Chinese IPOs by,
97
,
98

Shadow banking,
223
,
230
-236

Shanghai, China,
222

financial industry in,
125
-131

life in,
54
,
247
-248

reform movement in,
37
-39

Shanghai International Studies University (SISU),
48
-51

Shanghai Jiao Tong University,
192

Shanghai research trip (2010-2011),
124
-131,
133
-138

economic growth and consumerism,
133
-136

financial industry in Shanghai,
125
-131

living standards of family,
136
-138

modern Chinese culture,
145
,
160
-161

motivation for,
124
-125

vacation with father,
139
-144

Shanghai Stock Exchange,
45

Shanghai No
2
Toy Company,
43

Shared beliefs,
148
-149

Shin Kong Place,
156

Short selling,
80
-83

of China-based investments,
104
-106,
120
-124

of clean-tech stock,
83
-88

in housing crisis,
107
-108

and Muddy Waters’ fraud investigations,
166

Short squeeze,
81

Sina,
176
,
193
-194,
207

Sino-Forest,
166
,
195

Sinovel,
103

SISU (Shanghai International Studies University),
48
-51

Small and medium-sized enterprises (SMEs),
227
-229

Small-cap stocks,
253
-254

Smith, Adam,
62
-63

Social trust,
148
-149

Socialism,
62

SOEs (state owned enterprises),
155
-156,
227
-229

Sony,
91

Soros, George,
181

Special situation investments,
196
-204

Sports culture,
241
-242

Starr International fund,
167

State Administration for Industry and Commerce (SAIC),
180

State media, influence of,
217
-218

State owned enterprises (SOEs),
155
-156,
227
-229

State-controlled banks,
222
-225

Stock:

Chinese (
see
Chinese stock)

good companies vs. good,
82
-83,
254
-255

Stop-loss rules,
81
-82

Strangers, helping,
148
-149

Students’ behavior,
27
-29,
54
-55

Su Hai Group,
206
,
211

Success, future,
219
-220,
257
-258

Sun Tzu,
87

“Sunlight Systems,”
83
-88,
122
-123

“The Swan” (Camille Saint-Saens),
32

Swatch Group,
156

Tai Xing Road (Shanghai),
24
,
136

Taiping Rebellion,
147

Taobao,
208

Tencent,
185
,
207

Test of English as a Foreign Language (TOEFL) examination,
48
-52,
200

Testing, in schools,
27
-28,
56
-59

Tiananmen Square demonstration,
39
-41,
146

To Live
(film),
60
-62,
244

TOEFL (Test of English as a Foreign Language) examination,
48
-52,
200

TomTom,
91

Tongshang Guoyin Asset Management Company,
234

Top-down approach for investing,
181
-187

Toshiba,
218

Trading, investing vs.,
187
-190

Transparency,
170
-176

Travel industry, online,
184
-185

Tribeca Grill,
192

Trust,
59
,
148
-149

Tudou,
202

United States:

bank bailouts in,
225

China as threat to,
6

Chinese investment in,
141
,
152
,
160

desire to go to,
2
,
35
-52

economy of China vs.,
5
-6

education system of China vs.,
238
-239

goals of American vs. Chinese companies,
105

preparing to go to,
48
-52

shadow banking in,
230

Urbanization,
214
-216

Valuation:

of Chinese companies,
121
-122,
186
-190,
258

of multinational corporations,
195
,
219
-220

Valuation inefficiency,
194
-195

Variable interest entity (VIE) structures,
96
,
198

Voice of America radio broadcasts,
2
,
47

Wang, Gary,
202

Wealth management products (WMPs),
232
-236

Weibo,
193
-194,
207

Wenzhou, China,
229
-232

What the U.S. Can Learn from China
(Ann Lee),
170
-171

When China Rules the World
(Martin Jacques),
170

Winn, Peter,
114
-116,
125
,
198

WMPs (wealth management products),
232
-236

Women:

in American popular culture,
36

in mistress economy,
157
-158

reputation of Shanghai,
25

Work, addiction to,
65
,
92
-94

Work ethic,
70
,
92
-94,
249

WuXi PharmaTech,
197

X factors,
204
-217

Xi Jinping,
159

Xiao Gang,
234

Xinhua,
217

Yahoo,
97

Yang (family friend),
41

Yianjie (classmate),
27
-28

Yifeng (of Goldpebble),
191
-196,
202
,
208

Youku,
176

Yu, Michael,
201
-202

Yum! Brands,
204
-217,
219
,
220
,
256

Zhang Yimou,
244

Zhengzhou Siwei,
173
-174

Zhongding financial product,
234

Zhongding Wealth Investment Center,
235

Zhu Rongji,
40

Zinch China,
243

Zombie accounts,
194

Junheng Li
runs JL Warren Capital LLC, a China-focused equity research firm based in New York. Her firm utilizes bottom-up, fundamental research to seek variant views and to explore market inefficiencies. In the near future, she plans to expand the firm’s platform into economic analysis and forecasts, aiming to provide solutions to investing in China’s largely opaque business environment.

Prior to founding JL Warren, Junh was a senior equity analyst at Aurarian Capital Management, a long and short equity hedge fund best known for its investigative research into companies mispriced by the marketplace. She focused on the technology, medical devices, and renewable energy industries globally, becoming highly conversant on a myriad of complex and controversial investment subjects.

Before joining Aurarian, Junh was an investment officer in the global small/middle capitalization team at Franklin Templeton Fiduciary. Before Fiduciary, she was an investment banking analyst in the Media and Telecommunications Group at Credit Suisse First Boston based in New York.

Junh received an MBA from Columbia Business School and a BA in economics from Middlebury College (summa cum laude, honors in economics).

Junh is a Shanghai native who speaks fluent Mandarin and English and some Japanese. In her spare time, she practices yoga, travels, surfs, reads, and writes.