Welcome Address
Gavin Ni, Zero2IPO GroupFounder, Chairman & CEO
09:50-10:10
Keynote Speech I: Ranking the Universe of LPs in China-Past and Future
Patricia M. Dinneen, Siguler Guff & Company LLC, Managing Director
10:10-11:20
Session I: LP's "Ten-Year Journey in China"
Over the past ten years, China has witnessed rapid economic growth, wealth accumulation, and the emergence of PE in the banking field, insurance companies, and industry funds. How will China's LP choose the most suitable equity investment fund?
With the transformation of economic development mode, the slowed-down GDP growth, and the successive "breakthroughs" of Growth Enterprise Board IPO in China, will investment returns in the next few years exceed the highest over the past decade?
How long will it take the domestic LP market to get mature?
With the continuation of "real negative interest rate", will VC/PE investment become a new investment tool of the rich in China to beat the inflation in their zeal for real estate investment?
The opening of QFLP has allowed USD LP exchange and investment of RMB fund. Will it bring changes to the investor structure in domestic LP market and improve LP investment philosophy?
Moderator: Ching Tan, Siguler Guff&Company LLC, Managing Director and Head of Siguler Guff's Shanghai office Speakers: Sebastiaan C. van den Berg, HarbourVest Partners (Asia) Limited, HK, Managing Director Jie Gong, Morgan Stanley Alternative Investment Partners, Executive Director & Portfolio Manager Darren Shen, Zero2IPO Group, Zero2IPO Partners, Managing Director Peng Zhao, Partners Group, Head of China Alice M Chow, Squadron Capital, Managing Director
11:20-12:30
Session II: Interest "Entanglement" between USD Funds and RMB funds
In face of GP in the management of dual currency, how will LP weigh distribution contradictions of USD funds and RMB funds in their investment of outstanding projects?
Will the investment contradictions be solved by establishing allocation guidelines for investment projects, or by prior agreement of investment priorities of USD (RMB) funds?
An equity investment institutions can manage dual currency funds by setting up two separate GP teams. How will "Firewall" or interest distribution principles be established for the two teams in their competition of a single project?
When foreign institutions initiate the establishment of RMB funds, how will they balance the original interests of USD LP and optimization of corresponding interests of domestic LP?
Moderator: Ying Li, Proskauer, Partner Speakers: Christopher E. Yang, Grove Street Advisors, Managing Partner Alison Nankivell, Export Development Canada, Principal, Head of Funds and Asia Region, EDC Equity Roman Shaw, DT Capital Partners, Founding Partner Huoy-Ming Yeh, SVB Capital China, Managing Director Brooke B. Zhou, LGT Capital Partners, Executive Director-Asia Pacific, Private Equity
Wednesday, May 25th,2011 (Afternoon)
12:30-14:40
Business Luncheon---Sponsored by Qiming Venture Partners Sponsor Address:Duane Kuang, Qiming Venture Partners, Founder & Managing Director
14:40-16:00
Session III: What is the attraction of PE like in the "eyes" of banks?
As private banking becomes a new path to PE funds, what are the "personalized requests" of private banking when selecting PE for individual clients of high net worth?
Given the rapid development of PE in the banking system, what are the advantages and disadvantages as are compared with foreign PE or other industrial investment funds with government background?
Banks have played a significant role in promoting the rapid development of investment and credit business. As high-tech enterprises are faced with a lack of adequate loan collateral, how will the scale of investment and credit be balanced with credit risk control?
How will homogenized competition be avoided in the vigorous development of PE fund custody in the banking system?
Moderator: Xiaofeng He, Peking University School of Economics, A head and professor of the Finance Department Speakers: Wen Li, China Minsheng Banking Corp. Ltd., Vice President of Private Banking Division Mei Liu, Shanghai Pudong Development Bank, Assistant to General Manager of Asset Custody Division Jing Wang, China Merchants Bank, Deputy General Manager of the Retailing Banking and Private Banking
16:00-16:20
Keynote Speech II
Xiaomei Fei, Standing Committee Member of the CPC Jiading District Committee & Deputy Governor of Jiading District, Shanghai
16:20-17:30
Session IV: Is the emerging and prosperous FOF of RMB fund marking the approach of the era when institutional investors become the mainstream of LP?
With the official launching of the largest fund in China, FOF, or Fund of Funds, how will RMB FOF identify excellent GP teams?
How many troubles will the emerging private FOF overcome while governments and state-owned large financial institutions are guiding the development of domestic FOF?
Social Security Fund is now accelerating its investment pace. For example, it invested in the past year in Hony Capital, CITIC Industrial Bank, IDG Harmonious Growth Fund, Legend Capital, etc. Is it means that the era has come when domestic institutional investors become the mainstream?
Which aspects shall be further enhanced when FOF ushers in capital from insurance companies?
Moderator: Vincent Huang, Pantheon, Partner Speakers: Bin Hu, China Development Bank Corp. Ltd., Director of Venture Capital Investment Division Yi Huang, Shanghai Venture Capital Co., Ltd., Vice President Jennifer Qin, Deloitte, Lead partner of Deloitte's IM industry in Asia Pacific Timothy Wang, SIP Venture Capital Fund of Funds, Fund Manager Diction Ying, Shanghai Pudong Science and Technology Investment Co., Ltd., Manager of Investment & Management Department
17:30-18:00
Networking
18:00-20:30
Dinner---Sponsored by Jiading Remarks: Jianmin Zhu, Director of Economic Committee, Jiading District, Shanghai
