About

BIOGRAPHY

Wall Street veteran, merchant banker, equities trader, economist, finance professor, entrepreneur — iconoclast — Michael Pettis is a unique individual living and working in China, at the heart of the world’s most exciting and vibrant economy.

Having learned firsthand how markets operate during his years on Wall Street, Michael has taken his knowledge and insight and applied them to the Asian financial markets as an expert analyst, commentator, and participant. His work and research focuses on monetary policy, trade policy, and the development of the banking and financial markets in China.

Michael is the author of The Volatility Machine: Emerging Economics and the Threat of Financial Collapse. The book is a classic examination of the causes of financial crises in emerging-market countries and is critical reading for investors, businesspeople and anyone else interested in understanding where the international economy is going.

His current book is Avoiding the Fall: China’s Economic Restructuring. He is also co-author of the recently published The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy.

Michael is a contributor to the Financial Times. He is published in Foreign Affairs,Foreign PolicyFar Eastern Economic Review, and The Wall Street Journal, just to name a few. Pettis writes an influential and widely-respected blog China Financial Markets.

“The worse things have looked for the world financial system, the more the world has heard from a Beijing-based financial expert named Michael Pettis, whose blog, China Financial Markets, is one of a handful I check for clues about what is happening in the Chinese economy.”
— James Fallows in The Atlantic

“Anyone who cares about China is going to check in to see what Mike is thinking,” says Hans Humes, president of New York hedge fund Greylock Capital Management, who worked with Pettis in the 1980s at Manufacturers Hanover Trust. “They would be crazy not to.”
— Business Week

An entrepreneur and music lover, Michael is a force in the Beijing indie-music scene as a club owner, talent manager representing local bands, and record label owner.

Credentials

  • Professor, Peking University’s Guanghua School of Management
  • Senior Associate, Carnegie Endowment for International Peace
  • Member, Board of Directors, ABC-CA Fund Management Co., a Sino–French joint venture based in Shanghai
  • Former trader, Manufacturers Hanover
  • Former Managing Director-Principal heading the Latin American Capital Markets and the Liability Management groups, Bear Stearns
  • Former head, emerging markets trading team, Credit Suisse First Boston
  • Co-founder, D-22, an indie rock club in Beijing.
  • Music talent manager; record label owner
  • Member, Institute of Latin American Studies Advisory Board , and Dean’s Advisory Board, School of Public and International Affairs, Columbia University
  • MBA in Finance, Columbia University
  • MIA (Master of International Affairs) in Development Economics, Columbia University.

11 Comments

 Add your comment
  1. Dear Sir,

    Greetings!

    This is Bingo from Grand China Publishing House which is a major publisher of nonfiction books on the area of Business & Management, Finance & Investment, Politics & Social Sciences, Parenting & Relationships. We have successfully operated many bestselling titles including Freakonomics by Steven Levitt & Stephen Dubner, What got you here won’t get you there by Marshall Goldsmith, True north by Bill George, Unbroken by Laura Hillenbrand, Counselor by Ted Sorensen, Liebe dich selbst und es ist egal, wen du heiratest by Eva-Maria Zurhorst,Screamfree Marriage by Hal Edward Runkel, Screamfree Parenting by Hal Edward Runkel, etc.

    We are very interested in the work below

    Restructuring the Chinese Economy: Economic Distortions and the Next Decade of Chinese Growth

    Michael Pettis (Author)

    Paperback: 260 pages

    Publisher: Carnegie Endowment for International Peace (July 31, 2013)

    Language: English

    ISBN-10: 0870034073

    ISBN-13: 978-0870034077

    I’m writing to check if the simplified Chinese rights are still available, and it’d be very kind of you to share with us more details about the book.
    Expecting your reply,

    Regards,

    Bingo

    Bingo

    Grand China Publishing House

    4/F, West Tower, CDI Building, Yinhu Road, Shenzhen, China

    Tel: 0086-755-82056262-810

    Fax: 0086-755-25970309

    QQ:964756259

    E-mail: [email protected]

    weibo:http://weibo.com/zzhpsz

    blog:http://blog.sina.com.cn/zzhpsz

  2. Dear Sir,

    I am a high school student from Spain who is really ineterested in the Chinese Economy. I am currently doing some research on my own on China’s current economic situation and I would love to interview an expert in the area about some risks China is facing.

    I admire your work and would be grateful if you could answer some questions by e-mail. I know you must be very busy so I completely understand if you don’t have the time.

    Thank you anyway!

    Kind regards,

    Alex Pont

  3. Dear prof, I am a TV journalist and producer from Channel NewsAsia, Singapore. I produced the top-rated current affairs and analysis programme INSIGHT. I would like to arrange an interview with you whilst you are in Singapore this weekend. Please email me at [email protected] if you are interested thank you,

  4. Heya are using WordPress for your site platform?

    I’m new to the blog world but I’m trying to get started and set up my own.
    Do you require any html coding knowledge to make your own blog?
    Any help would be really appreciated!

  5. Dear Michael Pettis,

    last semester (Spring 2013) I had been an exchange student at GSM, PKU and could visit your course “Investment Banking”. After the last lesson we were talking and I asked whether you could provide me some books/paper recommendation since I would like to know more about the topic. We agreed that I will contact you via your blog. However I could not find an email address here so I try this way now. You have many students so I am not sure if you can remember me. I had been an exchange student from Germany and asked relatively much in your course. Maybe this helps ;)

    You recommended in your course the book “This Time is different” – indeed an interesting book. Furthermore you mentioned a paper you published quite some years ago about the funding of nations and suggested a mix of debt and equity … so far I could not find this article. I would be very delighted if you could send me this article with your other reading recommendations.

    Since my time in China is ending slowly and I need to think about a topic for my Bachelor thesis. I like to think in big pictures and discover connections about seemingly separated areas and your course raised my interest for investment banking and finance so I would like to ask if you see a possibility to write the Bachelor thesis about one of the mentioned topics in your course.

    Wish you a good semester with interested students!
    Your questioning exchange student
    Nicolai Mueller

  6. Dear Sir,

    I came across your blog and found the articles very informative.
    I would like to follow your blog, but I could not see the ‘Follow blog’ hence I am leaving this note here.

    Kind Regards,
    Somali Chakrabarti

  7. Hi Michael,

    We run a site that is under a massive reconstruction, launching March 2014, and we would like to feature your articles. Would you kindly send us your RSS feed to post?

    Many thanks,
    Ty Andros
    Tedbits.com

  8. Dear Mr Pettis,

    I am an Australian high school student, who has been highly influenced by your works. I have read “The Volatility Machine” and “The Great Rebalancing” numerous times and most definitely owe a lot to your instruction in the way I think about finance and economics. As it stands, economics is one of my passions and hobbies outside of school and I recently wrote an article in my economics blog which you will find draws a lot from the methodology and models that you have used in your works. I would love you read it and tell me if you disagree. It can be found here:

    http://devmacro.wordpress.com/2014/01/12/explaining-slow-growth-turning-away-from-the-stale-lessons-from-japan/

    I’m also very jealous of your students who get to join your model PBoC seminars and hope to one day be able to participate in such panels and lessons when I go to university. Do you have any recommended readings for monetary economics or further analysis for BoP stuff that is not too maths heavy? (I only have a high-school level understanding of mathematics and it continues to limit me in my readings)

    Thanks in advance,
    Flint O’Neil

  9. Hey Michael, How cool it is when I run across long lost friends. It seems like more than a lifetime has past since we first hung out. I used to travel to Asia four or five time a year for business, but recently It’s tapered off to once or twice a year. Why don’t we spend a little time off line and get caught up. Feel free to email me and I’d be glad to give you my phone number. Hope all is well with you, my friend.
    Best regards,
    Michael

  10. Hi Michael –
    I have become quite a fan of your blog, and really value the insights your provide on what for me has always been an area hard for me to really learn about. I noticed you mentioned you have a newsletter in your last post, and was wondering how I could get access to that? I apologize for asking through the comment sections, but was unable to find your email on your site.
    Thank you again for sharing this knowledge,
    Mika

  11. Hi Michael,

    My company holds regular seminars in Beijing on topics such as investment, banking and general news on the markets.

    We are planning on holding an event at the bookworm at the end of August 2014 and the topic will be related to potential problems in the world and China which could result in the next crash. We are at the very early planning stages and I think we all agree the title needs to be a bit snappier.

    We are currently doing our research and your name keeps popping up as “the man in the know on this subject”. I am writing to you to see if this is something that you may wish to be involved in?

    Please drop me a message back if this is of interest to you.

    Best regards,

    William Frisby

Leave a Comment

Your email address will not be published.

2 Trackbacks

  1. “Americans ‘May’ Feel Richer” But Michael Pettis Warns “It’s Not Sustainable” | gold is money (Pingback)
  2. «Americans ‘May’ Feel Richer» But Michael Pettis Warns «It’s Not Sustainable» | wp (Pingback)