This book recounts the banks' painful struggles to adapt to dramatic economic and political changes in China and Hong Kong between 1935-85. It identifies how misguided government decisions led to recurrent banking crises. Nevertheless, the banks almost single-handed financed first the manufacturing [...]

This book is a scathing indictment of regulatory inertia in the West. It provides important and original insights into the causes of financial crises and pays special attention to China's attempts at reform and Hong Kong's place in China's financial modernization.[...]