How the Communist Party quietly took over SVB's China operation, according to a former CEO
Briefly

Ken Wilcox's strategy at Silicon Valley Bank focused on tech-driven growth, crucial in establishing the institution but ultimately faced setbacks after he stepped down, yet he remains humbled by the experiences.
Wilcox's post-SVB journey led him to China to initiate SPD Silicon Valley Bank, a venture that highlighted the contrast between the U.S. bank’s mismanagement and the eventual takeover by the Chinese government.
Despite initial optimism for SSVB's growth in China, Wilcox's venture was ultimately undermined by political forces, leading to its takeover by the Chinese Communist Party, illustrating the complexities of international banking.
Wilcox's book, 'The China Business Conundrum', reflects on the mistakes made after leaving his role at SVB, emphasizing lessons learned in navigating China's unique business environment.
Read at Fortune
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