• Statistics of Zero2IPO Research Center show that China's VC/PE market continues its fund-raising momentum, total market capitalization "surges", and competition intensifies. How will fund-raising organizations avoid homogenization, turn to industrialization and differentiation to get well prepared for the next "severe winter"?
• The concept of "substantial consumption" has almost become an "eternal theme" of investment. The seemingly "bright and delighting" investment market is actually full of competition, where "gold can only be washed out of sand". With new "forces" swarming into the market, how will investment institutions maintain their high-quality and high-efficient investment and usher in opportunities of strategic emerging industries?
• The crashing of "Chinese concept stocks" and heated debates of "VIE" have aroused great concerns of the exit of equity investment. How will listing places of Chinese companies evolve? Given the expansion of domestic securities market, what are the opportunities and concerns in the launching of "the new three-board expansion"?
  
  Moderator: Danny Lui, Zero2IPO Group, Vice Chairman
  Speakers:
  Feng Deng, Northern Light Venture Capital, Founding Managing Director
  Gang Wu, Jiuding Capital, Partner
  Bing Xiao, Fortune Venture Capital Co., Ltd., Managing Partner & CEO
  Jeffrey Zeng, Kaixin Investment, General Manager & Managing Partner
  Wei Zhou, KPCB China, Managing Partner
  Joe Zhou, Keytone Ventures, Founder & Managing Partner

• High price-earnings ration of start-up board listed companies is "over the hill", while poor performance becomes a "frequent caller". Who will eventually be the one to pay for Pre-IPO high valuation of start-up board?
• Due to the grave shortage of domestic PE talents, VC organizations now rely on "factory work" of investment decision-making. Is it also the driving force behind the scenes of PE investment bubbles?
• Can PE institutions "assume" together risks of high valuation through joint investment?
  
  Moderator: Jason Li, Delta Capital, Founder & Managing Partner
  Speakers:
  York Chen, iD TechVentures Ltd., Founding Managing Partner
  Duane Kuang, Qiming Venture Partners, Founder & Managing Director
  Joe Tian, DT Capital Partners, Founding Managing Partner
  Richard Hsu, Intel Capital China, Managing Director
  Stanley Xiao, Shenzhen CDF-Capital Co., Ltd., Chairman & Founding Managing Partner
  Daniel Yang, SAIF Partners, Partner
  Choon Chong Tay, Vertex Venture Holdings Ltd, Managing Director & China Chief Representative
  Fang Zhu, Shenzhen Leaguer Venture Capital Co., Ltd., Managing Director
  

• Costs of pre-IPO investment become higher day by day and the charm of high rate of return of early projects begins to emerge. Will VC investment return to its original sense and find "the key to break out"? Is it "the right time for early investment" in the improvement of investment chain?
• Early investment is of great importance in supporting SME innovation and its founding of business. It is also a way of investment that can best prove VC investment capabilities and reflect its value. What is the suggestion for early investment in the choosing of industry, gambling of the "track", involvement of counseling, re-financing, and seeking of common growth? How will it break the myth of Chinese-style "high-mindedness"?
• Will the improvement of the three new boards truly promote early investment? What measures should Chinese governments and the whole market take to strengthen unified supervision of the venture capital industry, improve industry support policies, enrich exit channels, and guide early-stage projects in VC investment?   
  
  Moderator: Huoy-­Ming Yeh, SVB Capital China, Managing Director
  Speakers:
  Wei Hopeman, Citi Ventures, Managing Director
  Feng Li, IDG, Partner
  Junhong Liu, Esaif-Capital, Chairman&Founding Partner
  Ken Xu, Gobi Partners, Partner
  Michael Zuo, Matrix-China, Partner
  

• As layoffs and closures of e-commerce and group-buying websites are now a new trend, is it true that the era of "money-burning" cannot wait for its time of harvest? Who will be the final "survivors"?
• The concept of "solomo" has become a popular term in venture capital. How will VC/PE capture potential and dark-horse stocks?
• Behind the continuous introduction of IOT (Internet of things) revitalization plan, how long will the crazy capital feast will continue to last?
• With cloud computing industry still "in the ascendant", where are sustainable business models and profit growth points to be find?
  
  Moderator: William Qu, Zero2IPO Ventures, Managing Director
  Speakers:
  Bill Li, Walden International, Managing Director
  Jenny Lee, GGV Capital, Managing Partner
  Michael Lee, ECC, Founder & Managing Partner
  Xu Luo, QianDaiPay, VP
  Chuan Thor, Highland Capital Partners (China), Managing Director
  David Yuan, Redpoint Ventures, Partner & Head of China
  Jie Zhang, Yunlietou, Founder, Chairman & CEO
  

• Following the implementation of health care reform, how will pharmaceutical research companies and pharmaceutical distribution companies usher in their "golden period of development"? What is the room left for the development of the medical industry in second and third-tier cities?
• The high p/e ration of A-share IPO forcing VC to list medical enterprises in domestic market, is it reckless gambling or speculation?
• With the approaching of its aging society, what is the investment opportunity like in China's private health care industry and endowment health care industry?
  
  Moderator: Ke Ma, CCBI Healthcare Fund, Chief Investment Officer
  Speakers:
  Haitao Guo, GTJA Investment Group (GIG), Executive Partner
  James Huang, KPCB China, Managing Partner
  Peter Hua, SB China Venture Capital (SBCVC), Managing Partner
  Jie Liu, Tianjin Hidea Venture Capital Management Co., Ltd., Executive General Manager
  Karen Liu, Kaiwu Capital, Partner
  Steven Wang, CDH Investment, Partner
  Kui Zhou, Sequoia Capital China, Partner
  

• The A-share listing process of companies of the catering industry being accidentally "blocked", does it mean the food and beverage industry has become investment "chicken ribs"?
• Many traditional consumer goods companies expand their B2C e-commerce market by introducing venture capital. Will it lead to a new round of money-burning exercise?
• Chinese people are now increasingly concerned about food safety issues. Will the concept of "green food" be a new driving point in equity investment institutions' exploration of domestic demands?
• The fervor of investment to luxury jewelries rolling in, which "potential enterprises" are worthy of VC/PE "spending gold on one throw"?
  
  Moderator: Joan Zhang, ABC Capital, Founding Partner & President
  Speakers:
  Shirley Chen, CICC Capital, Chairman
  John Liu, ChinaEquity Investment company and Fund, Managing Director & Partner
  David Lung, Deloitte, National Leader, China Consumer Business and Transportation
  Industry;Deloitte Partner,Audit
  Tyrrell Levine, Prax Capital, Director
  Ping Wang, Cypress & Kingwin Capital Group, Founder & Chairman
  Jeff Wang, Kaiwu Capital, Partner
  Chee-Yann Wong, Actis, Investment Principal
  

Session 7: Clean-Tech: Cold Thinking Following the "High Fever"? (Sponsored by Tsing Capital)

• Solar PV and wind power equipment generating "excess capacity" and high IPO p/e ratio beginning to "ebb", how much is there to be explored with VC/PE?
• Why is it that "big word seldom accompanies great deed" in emerging clean technology industries, such as offshore wind power and smart grid?
• Will sales difficulties encountered by BYD and other new energy automobile manufacturing enterprises force a slump in the investment of domestic new energy vehicles?
  
  Moderator: Larry Zhang, Tsing Capital, Partner
  Speakers:
  ANGELO AMORELLI, BP China, VP Science & Technology
  Melissa Guzy, Tianjin VantagePoint Hi-Tech Venture Capital, Founding Partner
  VantagePoint, MD & Group Leader, Emerging Markets-Asia
  Henry Li, Atieva Inc., Vice President
  Frank Li, Deloitte, Northern China Cleantech Industry Lead Partner
  Yi Nan, Haocen Electric Co., Ltd., Vice President of Sales
  Zhiyong Wang, Beijing Sound-Power tech.co., Ltd., Founder & CEO
  

• What's the shortcut for PE in high-end manufacturing when China is transforming from "a big country of manufacturing" to "a manufacturing power"?
• Given the investment boom in such mineral resources as gold, rare earth, and coal, what are the odds that PE will win in mining investment?
• China is now vigorously supporting the shipping industry. How will PE take this opportunity in its investment?
• Will shipping, aviation leasing, and equipment machinery industry that have sprung up set off a new round of PE investment in traditional industries?
• How many more "crucial elements" are needed for PE's involvement in the restructuring of state-owned enterprises?
  
  Moderator: Nengguang Wang, Legend Capital, Managing Director
  Speakers:
  Robert Hu, Infinity Investment Group, Managing Director
  Wei Wang, Shenzhen Cowin Venture Capital Co., Ltd., Managing Director
  Kezhong Wu, PreIPO Capital Partners Limited, President
  Hai Xu, New Alliance Capital, Partner
  Greg Ye, Delta Capital, Founding Managing Partner
  Wei Zhang, Shenzhen Costone Investment Management Ltd., Chief Managing Partner & Chairman

• As VC/PE fund managers, in which aspect is women "tougher" than men? And in which aspect "gentler" than them?
• How can women in PE make a balance between career and family?
• From investment manager to fund partner, when will women's occupation ceiling appear? How will they overcome it?
  
  Moderator: Lisa Lo, The CID Group, Partner
                                     CID Venture Management & Consulting (Beijing), Ltd., MD
  Speakers:
  Hope Chen, DFJ China, Partner & Head of DFJ China
  Joanna Li, Wuhan Huagong Venture Capital Co., Ltd., Chairman
  Ji-Ou Liu, China Renaissance Capital Investment Inc. (CRCI), Managing Director
  Jianqing Wang, Legend Capital, Managing Director & Chief Management Consultant
  Jennifer Yan, Steamboat Ventures, Partner

• Financial doubts with Chinese stocks and economic slowdown in 2011 have made it hard for overseas listing of most of Chinese enterprises. What should enterprises do to meet the even more critical attitude of overseas fund investment and avoid unexpected changes of share prices following IPO?
• Compared with overseas markets, the high p/e ration of A-share market remained "high fever". Will the return of red chips to A-share IPO become a haven of China's companies in their seeking for high valuation and high fund-raising amount?
• Given such models as leveraged buyouts and acquisition of business majority ownership in international M & A and exits, what is the "short plate" in the rise of domestic M & A funds
  
  Moderator: Shouren Wang, Shenzhen Venture Capital Association,
                                                 Secretary- General Director
  Speakers:
  Andy Huang, Govtor Capital, Deputy Dean of Fund Management Dept.
  Jeff Liu, Zhejiang Zheshang Venture Capital Co., Ltd., Partner
  Xiangbo Wang, GPCP, Partner
  Niandong You, Hunan XiangTou High-Tech Venture Capital Co., Ltd., Investment Director
  Hui Zhao, Oriental Fortune Capital, Partner
  

• In terms of international PE fund-raising practice, what concessions and compromise will U.S. fund managers make to domestic RMB LP in raising RMB funds?
• With the launching of QFLP in cities like Shanghai, Chongqing and Beijing, what is the advantage of USD LP in RMB exchange settlement and equity investment of domestic enterprises, compared with sino-foreign unincorporated funds?
• What work should PE institutions do to attract such LP "new nobles" as insurance funds to join PE investment?
  
  Moderator: Vincent Huang, Pantheon, Partner
  Speakers:
  Ying Li, Proskauer, Partner
  Darren Shen, Zero2IPO Group, Zero2IPO Partners, Managing Director
  Ching Tan, Siguler Guff & Company LLC, Managing Director & Head of Siguler Guff's Shanghai office
  Piau-Voon Wang, Adams Street Partners, Partner
  Zhide Yuan, Shanghai Venture Capital Co., Ltd., President Assistant