Episode 8 - Professor Paul Gillis

In this episode The Pack continues it world tour speaking to the
experts in the financial world.  We land in Beijing and
visit with Professor Paul Gillis.  Paul is one of the
foremost accounting experts in the world on China.  This
former PWC partner and PCOAB advisory board member is the go-to
guy for the US Government as well as Public and Private entities
when they have questions on China and its accounting
practices.   


Hear about Paul's life and how he ended up in China.  How
accounting has evolved and how China's accounting practices have
evolved.  We touch on current events and some future
predictions.  


Sit back, have a drink, and enjoy a conversation with Dan and The
Pack as they swap stories with the amazing Professor Paul Gillis.


2:28 Paul’s backstory as an aspiring Olympic skier and his
entrance into accounting and joining PricewaterhouseCoopers in
its early stages in China

14:55 Gillis’s problem with China’s high tax rates and
incompetent enforcement, Alibaba’s dominate presence and the
struggles facing Ant Group’s IPO

29:14 Hong Kong’s lack of market regulation and the dangers
it poses to investors, Will Hong Kong will dissolve into China in
10-15 years?

40:01 How do you go on live Chinese state TV and balance your
opinion, facts and not going to jail.

43:54 Students in China and Students in the US.  Rock
Star Treatment 

48:23 Free speech in the US, China and working the
system. 

50:08 How China utilizes AI on smartphones to contain COVID
and the advantages of a totalitarian state in dealing with the
virus

57:47 Paul’s take on the age of activist shorts and whether
there is still fraud in China

1:07:30 The incredibly convoluted accounting practices in
China and how Chinese law frees them from accountability to
foreign investors