Weijian Shan
单伟建
Weijian Shan is the co-founder and executive chairman of PAG (Pacific Alliance Group), a private-equity firm he built into what the industry calls "the king of buyout" in Asia . He first became known for two landmark control deals: the turnarounds of Korea First Bank and Shenzhen Development Bank, both distressed state-owned lenders that he reshaped and returned to health . In 2017 PAG took industrial-gas supplier Yingde private for roughly RMB 10 billion, a deal 暗涌Waves later described as perhaps the most legendary buyout in Chinese venture capital in the past decade . Shan's style is deliberately conservative—he insists on strict valuation discipline and what PAG's own team calls "tradition, integrity and caution," refusing to "buy expensive goods" . When market sentiment cools, investors tend to seek him out precisely for that caution; as one 暗涌Waves headline put it, "everyone loves Shan Weijian—when the market cools, they love him even more" .
AI-generated — may contain errors, please verify.
Coverage
"PAG's China Picture Is Just Beginning to Unfold, as 'One Step Forward, One Step Back' Sets Two Records"
Only pick the fruit you can see.
暗涌Waves·Revisiting Shan Weijian: Plain Water and Financial Storms
Drink the lightest water, close the biggest deals.
暗涌Waves·Goodbye to a Decade of Venture Capital | Waves' Second Anniversary
Keep moving forward. Don't look back.
暗涌Waves·Setting aside overly granular debates, let's look at a big-picture narrative from Weijian Shan.
An Uncertain World, and the Future Shan Weijian Still Believes In
暗涌Waves·A Conversation with Weijian Shan: Always Be Prepared
Even when cast into a barren wilderness of nothingness, a person can still make their own choices.
暗涌Waves·
