{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"What is institutional investor\u2019s view about China Corporate Governance risks and State-Owned Entities (SOEs)?","description":" In this episode, Lyndsey talks with Vivian Lin, partner and portfolio manager of William Blair\u2019s China A-Shares Growth strategy and a global research analyst covering Chinese equities. Their conversation starts with understanding the importance of China corporate governance for investor side. And the status of China corporate governance and ESG trend. They then dive into China corporate governance key risks. Vivian shares how she handles these risks when she invests in China companies from selecting process and due diligence process. They continue the conversation with China SOEs corporate governance. Vivian explains the different ownership of China SOEs. She reviews the key risk of China SOEs, and the societal contribution SOEs made to China society. They closed the first part of the conversation by Vivian sharing her experience regarding things global investors do not know but should know about China SOEs. Vivian shares her experience working with China SOEs with professional management team, and her opinion regarding the importance of CEO compensation in China SOE reform. Conversation Highlights (with timestamps) China companies\u2019 corporate governance so important to global investors? (2:30) Main CG risks of Chinese CG (7\u201d00) Equity share pledge and why it\u2019s so prevalent in China? Chinese market constrains \u2013 leading business is not market driven What\u2019s the break points of investment for China companies? Accounting fraud issue of China companies and companies from other market Investor due diligence key elements Different China state-owned enterprises (SOEs) (12:30) Different ownership of SOEs in China Central government owns traditional Industry (infrastructure, energy, material) \u2013 central government owned Provincial, city level SOEs New economy (consumption, service, technology) \u2013 with more professional management team Specific Risk of China SOEs (17:00) Some SOEs might have better CG structure due to government\u2019s duty and intention Minority investors influence to SOEs are limited - How to handle it? What western investors need to know about China SOEs (23:00) Things investors do not like to see What good SOEs in China look like with professional management team? CEO Compensation in China SOEs \u2013 SOEs reform focus Guest Contact Information Vivian Lin Email: linthurston@gmail.com Publication: Vivian\u2019s blog site on William Blair: https:\/\/active.williamblair.com\/author\/vivian-lin-thurston\/ \u201cSustainable Trends Supporting China A-Shares\u201d https:\/\/active.williamblair.com\/global-equity\/vivian-lin-thurston\/sustainable-trends-supporting-china-a-shares\/?et_rid=0030z00002PDYkRAAX&et_sid=526962&utm_source=MC_2&utm_medium=Email&utm_campaign=&utm_content=https%3a%2f%2factive.williamblair.com%2fglobal-equity%2fvivian-lin-thurston%2fsustainable-trends-supporting-china-a-shares%2f \u201cThree Themes in Emerging Markets\u201d https:\/\/active.williamblair.com\/global-equity\/todd-mcclone\/three-themes-in-emerging-markets\/?et_rid=0030z00002PDYkRAAX&et_sid=509978&utm_source=MC_2&utm_medium=Email&utm_campaign=&utm_content=https%3a%2f%2factive.williamblair.com%2fglobal-equity%2ftodd-mcclone%2fthree-themes-in-emerging-markets%2f \u201cChina Backdrop: Fundamentally and Technically Positive\u201d https:\/\/active.williamblair.com\/global-equity\/vivian-lin-thurston\/china-backdrop-fundamentally-and-technically-positive\/ ","author_name":"Boardroom&Beyond Podcast","author_url":"https:\/\/boardroomandbeyond.com","html":"