CVCA AGM 2010

Introduction

CVCA 2010 Annual General Meeting & Summit will take place on Wednesday November 17th and Thursday November 18th, 2010 at Grand Millennium Beijing. The Summit is an annual trade event meant to provide a unique professional exchange platform for CVCA members and industry practitioners in the Greater China Region and worldwide.

2010 has been a very successful year to date for fund management. Renminbi and US dollar funds are both experiencing rapid growth, with sizable domestic and international general partners (GPs) contributing to their management. This situation poses challenges but also creates opportunities. With the growth of enterprise evaluation, more fund managers are beginning to study how to better provide added-value for entrepreneurs; how to create continuing value for Limited Partners (LPs) and how to better meet the duties of the VC/PE industry. In recent years, the VC/PE industry witnessed an excess of speculation and false booms, but this is steadying. 2010, therefore, will witness changes marking China’s VC/PE industry maturity.

This year, the conference theme will be to promote higher standards, create true values, and achieve another milestone of growth for the industry. The event will provide unparalleled opportunities for high-value business networking among peers and business partners. Through this conference, you can not only get abreast of the most up-to-date industry dynamics, new trends and intelligence, but also be involved in interactive exchange dialogues with other industry leaders, professionals, and peers who have interest in the Greater China Region.

We will also introduce a new format of meeting, including a number of practical break-out sessions with more in-depth discussions tailored for CEO, CFO, COO and Chief (in-house) Legal Counsel. These interactive sessions will not just be a small group of people giving talks, but rather all participants interactively involved in discussions. We hope that this more intimate roundtable format will enhance the effectiveness and professionalism of the conference.

Through different sessions, we hope that together we can provide a strong development strategy for building a sustainable VC/PE industry. CVCA AGM and Summit will be a truly CVCA members-owned event for innovation in the industry.

CVCA ANNUAL GENERAL MEETING &

CHINA PRIVATE EQUITY/VENTURE CAPITAL SUMMIT 2010

Raising Standards and Creating Value

for Greater Industry Development

November 17th-18th, 2010 (Wednesday- Thursday)

Chaoyang Grand Ballroom, Grand Millennium Beijing, Beijing, China

Agenda

Wednesday, November 17th, 2010
17:00–17:30	Registration
17:30–19:00	Cocktail Reception
19:00–21:00	CVCA Welcome Dinner Keynote Speech: Dr. Shusong BA, Vice Director-general & Research Fellow, Financial Research Institute, Development Research Center of the State Council
Thursday, November 18th, 2010
8:20–8:55	Registration Registration /Western networking breakfast
9:00–9:05	Opening Remarks by Yichen ZHANG, CVCA Chairman / CEO of CITIC Capital
9:05–9:35	Keynote Speech Zhongmin WANG, Vice-Chairman, National Council for Social Security Fund
9:35–9:50	Keynote Speech Wenlian CAO, Deputy Director-General, Department of Fiscal and Financial Affairs, NDRC
9:50–10:00	Welcome Speech by the Title Sponsor, Conference Co-Chairman Youxin CHEN, Director and General Manager, China Capital Management Company
10:00-11:15	Plenary session：Expand Sources and Opening up of Channels for RMB Fund-Raising At present, which organizations are allowed to invest in RMB Funds? Who are qualified and high-quality institutional investors after the National Council for Social Security Fund? What innovation or breakthrough of policies should be sought in respect of cultivating local LPs? What is the potential scale for private capital to invest in RMB Funds? What are the opportunities and challenges during this development? Beside securities, private banks, & trust companies, what other channels are available for RMB fund-raising? How to deal with the problem of some newly formed funds making careless promises about investment rate return, which causes high expectations from investors? Moderator: Andrew Y. Yan, Managing Partner, SAIF Partners Panelists: Yong CUIDirector and Executive Vice President, China Life Asset Management Company Limited Lei SHIExecutive Director, Bohai Industrial Investment Fund Management Co., Ltd. Roman SHAWManaging Partner, DT Capital Partners Bohui XIAGeneral Manager, Assets Custody Department of Head Office, China Merchants Bank Cathy ZHANGManaging Director, Jinpu Industrial Investment Fund Norman ZHONGCounsel, Fangda Partners
11:15-12:30	Plenary session: The Supervision and Policy Environment of RMB Funds Which supporting policies need to be urgently consummated, broken through, and innovated in the respect of registration, recording, investing, exiting and taxation of RMB Funds? What are the government's prospects for insurance companies investing in RMB Funds? What kind of prospective reflections and measures will the government competent department provide in the case of promoting private capital entering into the VC/PE industry? With the promulgation of Equity Investment Fund Management Approach, what kind of opportunity would come along for RMB Fund development? Which of the government departments play the leading role in RMB Fund supervision? Moderator：Hugo SHONG, Founding General Partner of IDG Capital Partners Panelists: Jennifer QINLead partner, Deloitte's IM industry in Asia Pacific Chang SUNManaging Director, Warburg Pincus Ou WANGResearch follow, Research Center at CSRC Sing WANGCo-Chairman, TPG Greater China/Head, TPG Growth North Asia/Partner, TPG Yingling WEIPartner, Jun He Law Offices
12:45–13:45	Credit Suisse Luncheon Welcome Speech: Paul Q. SU, Managing Director and Vice Chairman of Greater China, Investment Banking Department, Credit Suisse Keynote Speech：The Great Structural Change Ahead in China Speaker: Dong TAO, Managing Director and Chief Regional Economist, Non Japan Asia, Credit Suisse
14:00–14:30	2010 CVCA Annual General Meeting (CVCA Members Only)
14:30–15:45	Parallel Roundtable: Fund Internal Legal Counsels and CFOs Roundtable Internal legal counsels and CFOs of the funds to discuss issues in depth and share experiences about legal issues and confusion during fund operation. What is the new situation and development concerning US Dollar Fund structure design and investment contract design? What is the innovation of RMB Fund structure design and investment contract design? What are the legal issues and how to solve them? What is the solution of GP's proxy issues in RMB Funds? How to effectively solve the problem of potential conflicts of interest caused by the situation that the same team manages both US Dollar Funds and RMB Funds at the same time? What are the mechanisms, institutional arrangements and innovative solutions? What is the solution of currency swap of foreign GP investments in RMB Funds? How will Chinese enterprises comply with western regulations for combating bribery? Moderator: Eric CHAN, Chief Financial Officer, CITIC Capital Guest Speakers: York CHENFounding Managing Partner, iD TechVentures Ltd. Richard GUOPartner, Fangda Partners Jun LIUVice President and Assistant General Counsel, Warburg Pincus Pauline ZHANGTax Partner, Tax Leader of Greater China in charge of VC/PE tax services, Deloitte Parallel Roundtable: CEOs, Partners and Fund Operational Management Roundtable This roundtable offers the opportunity for CEOs, partners, and operation managers to share experiences, common issues and good practice relating to fund operation and management, as well as discussing how to build competitive internal human resource systems. Fund operations are highly relevant to funds' business models and strategies. How can different funds models or strategies influence and impact operations, human resources management and incentive systems? What are the best ways to establish competitive compensation packages and effective human resource management systems? How can we effectively promote a corporate team training mechanism in order to enhance cohesion and effectiveness within our teams? What is the right approach to dealing with geographical challenges; offices or investment teams spread throughout the country? How important is it to build strong operation teams? How can adopting a different funds strategy impact operational team management systems? How can funds effectively enhance reputation, build a strong brand and manage effective investor and external relations? Moderator: Jing HUANG, Managing Director, Bain Capital Guest Speakers: Eric CHAITalent & Rewards Leader, Towers Watson C.K. TSANGOperating Partner, TPG Rebecca XUCo-Founder and Managing Director, Asia Alternatives Fumin ZHUOFounding Partner, GGV Capital
15:45–16:00	Coffee/tea networking break
16:00–17:15	Parallel Roundtable：Venture Capital Roundtable What are some of the early to early growth areas for VC investing? Are early stage deals for dollar and RMB different? What kind of valuation are we seeing? How about other investment terms? If pre-IPO deals can return 5-10x, what are some good reasons to stick to early to early growth? Is it better to do an early stage deal by one firm, or have multiple funds co-invest? What kind of feedback are you getting from your LPs regarding stages? What are some of the things that you would like the early stage investing community to do together better? What are some recommendations you have for the government to better encourage early stage investments? We will ask CVCA to submit a recommendation to the relevant government bodies. Moderator: Duane KUANG, Managing Director, QiMing Venture Partners Guest Speakers: Fan BAOFounder and CEO, China Renaissance Partners Ron CAOManaging Director, Lightspeed Venture Partners Kathy XUFounder & Managing Partner, Capital Today Group Jeffrey ZENGGeneral Manager and Managing Partner, Kaixin Investment Wei ZHOUPartner, KPCB China Allen ZHUPartner, GSR Ventures
16:00–17:15	Parallel Roundtable：Private Equity Roundtable Pre-IPO investment: hot competition vs. differentiated strategies Over-production and reorganization: opportunities for PE PIPE investment: domestic vs. overseas SOE restructuring: value-added services Evaluation and grading of intermediaries Moderator: Yichen ZHANG, CEO, CITIC Capital Guest Speakers: Youxin CHENDirector and General Manager, China Capital Management Company Iain N. DraytonHead of the Financial Sponsors Group, Goldman Sachs Xihong DENGManaging Director, Hony Capital Xinghong HUAManaging Director,Head of Beijing Office, Cerberus Asia Operations & Advisory Limited Vincent HUANGPartner, Pantheon Mike NetterfieldManaging Director and Head of TMT & Financial Investors Coverage, Asia, RBS

● We are in the process of inviting speakers. Please visit the website to know the latest agenda.

● Names of speakers are listed in alphabetic order.

● Chinese and English simultaneous interpretation will be provided during the summit.

Speakers & Panelists

(by the order of agenda):

	Zhongmin WANG Vice-Chairman National Council for Social Security Fund			Wenlian CAO Deputy Director-General Department of Fiscal and Financial Affairs, NDRC
	Yichen ZHANG Chief Executive Officer CITIC Capital Holdings Limited			Shusong BA Vice Director-general & Research Fellow Financial Research Institute, Development Research Center of the State Council
	Youxin CHEN Director and General Manager China Capital Management Company			Andrew YAN Managing Partner SAIF Partners
	Yong CUI Director and Executive Vice President China Life Asset Management Company Limited			Lei SHI Executive Director Bohai Industrial Investment Fund Management Co., Ltd.
	Roman SHAW Managing Partner DT Capital Partners			Chang SUN Managing Director Warburg Pincus Asia LLC
	Bohui XIA General Manager Assets Custody Department of Head Office, China Merchants Bank			Cathy ZHANG Managing Director Jinpu Industrial Investment Fund
	Norman ZHONG Fangda Partners Counsel			Hugo SHONG Founding General Partner IDG Capital Partners
	Jennifer QIN Lead partner Deloitte's IM industry in Asia Pacific			Ou WANG Research follow Research Center at CSRC
	Sing WANG Co-Chairman, TPG Greater China/Head of TPG Growth North Asia/TPG Partner TPG Capital Limited/TPG Growth Capital(Asia) Limited			Yingling WEI Partner Jun He Law Offices
	Paul Q. SU Managing Director and Vice Chairman of Greater China, Investment Banking Department /大Credit Suisse			Dong TAO Managing Director and Chief Regional Economist Non-Japan Asia Credit Suisse
	Eric CHAN Chief Financial Officer CITIC Capital			York CHEN Founding Managing Partner iD TechVentures Ltd.
	Richard GUO Partner Fangda Partners			Jun LIU Vice President and Assistant General Counsel Warburg Pincus
	Pauline ZHANG Tax Partner, Tax Leader of Greater China in charge of VC/PE tax services Deloitte			Jing HUANG Managing Director Bain Capital LLC
	Eric CHAI Talent & Rewards Leader Towers Watson			C.K. TSANG Operating Partner TPG
	Rebecca XU Co-Founder and Managing Director Asia Alternatives			Fumin ZHUO Founding Partner GGV Capital
	Duane KUANG Managing Director Qiming Venture Partners			Fan BAO Founder and CEO China Renaissance Partners
	Ron CAO Managing Director Lightspeed Venture Partners			Kathy XU Founder & Managing Partner Capital Today Group
	Jeffrey ZENG General Manager and Managing Partner Kaixin Investment			Wei ZHOU Partner KPCB China
	Allen ZHU Partner GSR Ventures			Iain N. Drayton Goldman Sachs Head of the Financial Sponsors Group
	Xihong DENG Managing Director Hony Capital			Xinghong HUA Managing Director,Head of Beijing Office Cerberus Asia Operations & Advisory Limited
	Vincent HUANG Partner Pantheon			Mike Netterfield Managing Director and Head of TMT & Financial Investors Coverage Asia, RB

Note: More Keynote speakers and Panelists include those from government regulatory agencies, high-profile academics, PE/VC funds, financial service providers and enterprises. CVCA is in the process of invitation and Confirmation and will keep you posted on the new development.

Travel & Accommodation

Delegates are responsible for the arrangement and payment of their own travel and accommodation.

The Summit has arranged a special room rate at the hotel where the conference will take place.

If you wish to book a room, pls click here and get the filled form back to the hotel directly.

HOTEL RESERVATION FORM Grand Millennium Beijing

Contact:

Phone: 8610 8587 6888

Fax: 8610 6530 9723

Email: reservations@grandmillenniumbeijing.com