About the Book
Raised in Shanghai. Shaped on Wall Street.
Invaluable business advice from an expert in Chinese and U.S. markets
Junheng Li was the perfect Chinese tiger daughter, but from childhood on, she dreamed about America and working on Wall Street. Born in Shanghai, the commercial and financial center of mainland China, Li was brought up in an environment that would raise most Westerners’ eyebrows. Her demanding father drilled her on her multiplication tables when she was three, and in school she was forced to memorize facts and regurgitate them perfectly on tests. Success at all costs was the mantra. When she arrived at Middlebury College in Vermont after studying round the clock for months to learn the English language, she entered a completely different world, where values and morality were taught, individualism reigned, and analytical thinking was encouraged.
Tiger Woman on Wall Street is both the remarkable, dramatic story of one woman’s rise in the global business world and a savvy guide to finance and investing. With unflinching candor, Junheng Li tells how a brainy, focused, highly driven Chinese girl who admired Scarlett O’Hara’s indomitable spirit drew on the best of both worlds to go where few women have gone before: straight to the top of the financial industry. With her extensive personal and business experience in both China and the United States, Li has an intimate knowledge of both Chinese and American sensibilities, economies, and cultures.
Tiger Woman on Wall Street takes you behind the scenes of the world’s most important financial markets, from the daily routine of trading to high-level meetings with executives, policy makers, and analysts. Li conveys in fascinating and revealing detail how she arrives at her investing decisions—a powerful combination of keen intuition, meticulous due diligence, and razor-sharp analysis. Li argues that the current Chinese business growth model has hit a wall and shows why investors need to keep both eyes firmly open when investing—especially in China.
By reading this book, you will learn how one of today’s most successful China analysts smells an questionable investment a mile away, predicts industry trends, forecasts stock price movements, and develops investment ideas— both long and short—using techniques ranging from scrutinizing data to posing as an average customer in order to examine firsthand a company’s latest product. You will also meet colorful characters such as Knucklehedgie, an American hedge fund manager who invests in Chinese companies based on brokers’ bragging, and a Chinese executive who takes conference calls with investors while at nightclubs and who made his fortune by selling fraudulent Chinese companies to global investors.
Striking a rare balance between page-turning storytelling and practical investing guide, Tiger Woman on Wall Street shows how one woman has navigated her way through and thrived in this increasingly complicated and exciting period in modern financial history.
Detailed industry and macro discussion includes Chinese banking and shadow banking sector (in comparison to the American and European banking sector), local government financing vehicles, education, luxury retail, baby formula, search engines, e-commerce and internet industry (in comparison to the American counter parties), solar and renewable energy.
Specific companies analyzed include New Oriental, YUM Brand, Richemont, BYD, Sina, Baidu, Qihoo, Google, Garmin, American Superconductor Corporation, Apple, Industrial and Commercial Bank of China, China Construction Bank, Ctrip, Dang, Sino-forest, Swatch Group, LVHM.