Tim Clissold

Last updated

Tim Clissold
Education Yarm Grammar School [1]
Alma mater Jesus College, Cambridge (1982, Physics and Theoretical Physics) [2]

Tim Clissold (Chinese name: 祈立天) is a Western writer on business in China. He is the author of a memoir detailing how he helped the Wall Street trader Jack Perkowski to invest, lose and recover over $400 million in mainland China as the country first opened up to foreign direct investment. [3] His book detailed the numerous ways the fund lost money and the steps it took to recover it. [4] [5] Clissold was president of the foreign-invested ASIMCO Technologies before parting company from Perkowski, who claims never to have read the book that gave him the nickname Mr. China. Time Magazine described Mr China as 'an instant classic.' [3] [6]


Clissold has since written two more books, Chinese Rules and Cloud Chamber. The Financial Times Shanghai correspondent wrote of Chinese Rules: 'Read Tim Clissold, the British businessman whose book Mr China is probably the best I've ever come across about China. Now he has written another: it's about what makes China tick - for foreigners who can clearly hear it ticking but can't quite figure out why.'

Clissold is a Senior Research Associate at the Cambridge University China Forum at Jesus College, Cambridge [7] and non-executive director of London Stock Exchange quoted investment trusts, Henderson Far East Income and Baillie Gifford China Growth.


Related Research Articles

A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations".

<span class="mw-page-title-main">Investor</span> Person who allocates capital with the expectation of a financial return

An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Types of investments include equity, debt, securities, real estate, infrastructure, currency, commodity, token, derivatives such as put and call options, futures, forwards, etc. This definition makes no distinction between the investors in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns stock is a shareholder.

<span class="mw-page-title-main">Benjamin Graham</span> American economist, professor, and investor

Benjamin Graham was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical investing: Security Analysis (1934) with David Dodd, and The Intelligent Investor (1949). His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets.

A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.

John King Fairbank was an American historian of China and United States–China relations. He taught at Harvard University from 1936 until his retirement in 1977. He is credited with building the field of China studies in the United States after World War II with his organizational ability, his mentorship of students, support of fellow scholars, and formulation of basic concepts to be tested.

<span class="mw-page-title-main">China Western Development</span>

China Western Development, also Great Western Development Strategy or the Open Up the West Program, is a policy adopted for the Western China.

<i>The Intelligent Investor</i> 1949 book by Benjamin Graham

The Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing. The book provides strategies on how to successfully use value investing in the stock market. Historically, the book has been one of the most popular books on investing and Graham’s legacy remains.

<span class="mw-page-title-main">China Bohai Bank</span>

China Bohai Bank is a commercial bank in Tianjin, China. Established on December 31, 2005, and opened for business in February 2006. The bank had a registered capital of ¥8.5 billion RMB and net equity of ¥35.6 billion RMB as at 31 December 2015.

Barry Bruce Powell is an American classical scholar. He is the Halls-Bascom Professor of Classics Emeritus at the University of Wisconsin–Madison, author of the widely used textbook Classical Myth and many other books. Trained at Berkeley and Harvard, he is a specialist in Homer and in the history of writing. He has also taught Egyptian philology for many years and courses in Egyptian civilization.

<span class="mw-page-title-main">Rodger Kamenetz</span> American poet and author (born 1950)

Rodger Kamenetz is an American poet and author best known for The Jew in the Lotus (1994), an account of the historic dialogue between rabbis and the XIV Dalai Lama. His poetry explores the Jewish experience and in recent years, dream consciousness. Since 2003 he's been instrumental in developing Natural Dreamwork, a practice that focuses on the sacred encounters in dreams.

Foreign ownership refers to the ownership of a portion of a country's assets by individuals who are not citizens of that country or by companies whose headquarters are not in that country.

Anthony Bolton is a former investment fund manager and successful investor in the United Kingdom. He managed the Fidelity Special Situations fund from December 1979 to December 2007, and then managed Fidelity China Special Situations PLC, a London Stock Exchange listed investment trust, until his retirement in April 2014. He is also a musician and a composer.

Sir Tim Waterstone is a British businessman and author. He is the founder of Waterstones, the United Kingdom-based bookselling retail chain, the largest in Europe.

Willis Barnstone is an American poet, religious scholar, and translator. He was born in Lewiston, Maine and lives in Oakland, California. He has translated works by Jorge Luis Borges, Antonio Machado, Rainer Maria Rilke, Pedro Salinas, Pablo Neruda, and Wang Wei, as well as the New Testament and fragments by Sappho and pre-Socratic philosopher Heraclitus (Ἡράκλειτος).

<i>The Art of Investing in America</i>

The Art of Investing in America: Secrets to Success is the sixth book written by Dennis Unkovic.

Jack Perkowski is a Wall Street veteran, author, and the founder and Managing Partner of JFP Holdings, Ltd. He is also the former CEO and Chairman of the Board of ASIMCO Technologies, an automotive components company in China. He was one of the main characters in the Tim Clissold book, Mr. China, which detailed how the private equity fund he ran invested over US$400 million into China as the country first opened up to foreign direct investment. The book chronicled the numerous ways the fund lost money. In the end, the fund lost almost all of its money.

Investor-state dispute settlement (ISDS) or investment court system (ICS) is a system through which countries can be sued by foreign investors for certain state actions affecting foreign direct investment (FDI). This system most often takes the form of international arbitration between a foreign investor and the nation receiving the FDI.

The majority of writers on business in China are Chinese authors, writing in Chinese for Chinese audiences. Others include western "old China hands" and journalists.

<span class="mw-page-title-main">Economy of Chongqing</span>

The economy of Chongqing, China, has developed rapidly since it was separated from the Sichuan and became a centrally-administered municipality in 1997. In 2019, it was the sixth-largest Chinese city economy and ranked as China's third-largest municipal economy. In China's overall layout, Chongqing is also important for connecting China's underdeveloped western region with its more advanced eastern region, as well as promoting the economy of the mid-lower reaches of Yangtze river and the central western region.

<span class="mw-page-title-main">Foreign Investment Law of the People's Republic of China</span>

The Foreign Investment Law is a law of the People's Republic of China governing foreign direct investment in China. The law was adopted by the National People's Congress on March 15, 2019, and came into effect on January 1, 2020. It replaces the Law of the People's Republic of China on Sino-Foreign Equity Joint Ventures, the Law of the People's Republic of China on Wholly Foreign-owned Enterprises and the Law of the People's Republic of China on Sino-Foreign Cooperative Joint Ventures.


  1. "About Tim | Tim Clissold".
  2. "China's ancient poems for the modern era".
  3. 1 2 Dan Fitzpatrick, "'Mr. China' -- Pittsburgher's status borders on mythical", Pittsburgh Post-Gazette, 22 November 2006
  4. Gady A. Epstein, "China flies the flag", Forbes, April 25, 2008,
  5. Scott Cendrowski, "Businesses Going Into China Need to Know These Rules First", "Fortune", December 3, 2016
  6. Bill Powell, "Books: Mr. China Hits the Road" Time , 20 February 2005
  7. "China's ancient poems for the modern era". Jesus College. 25 March 2022. Retrieved 17 January 2023.