Chairman's Message
2009 is seeing the continued spread and deepening of the global financial crisis, which has changed the world's economic situation. However, there are signs of recovery as people gradually resume their confidence; the global stock market is rebounding strongly and the world market is starting to stabilize. For China, the economy has shown signs of recovery thanks to the large scale economic stimulus measures taken by the government; the A-share market is climbing steadily; and fundraising, investment and exit activities of VC/PE have picked up.
The financial crisis is changing the structure of the world's economy and financial sector. As a result of this changing situation, the Chinese economy, financial sector and other sectors have shown new trends of development. For China's PE/VC industry, what new opportunities can be expected from those changes? How will China's PE/VC market develop in the future? Which industries or areas will have the greatest potential for growth? How will the regulatory environment of the VC/PE industry evolve? What effects will these policy changes have on VC/PE firms? And what opportunities lie ahead?
CVCA 2009 AGM & Summit will address just that. This summit will discuss the opportunities and trends of China's VC/PE market under the new global economic and financial situation.
This summit will focus on the development of the regulatory environment of the PE/VC industry，and will invite senior government officials to analyze the latest PE/VC related policies as well as discuss hot topics such as RMB fund, China Growth Enterprise Board and exit via domestic capital market. It will also address emerging investment opportunities in high growth industries and areas with great potential. In addition, foreign and domestic LPs will present their views on opportunities and trends of China's PE/VC market and give advice on developing China's local LP market. PE/VC investors and the entrepreneurs will discuss management methods of SMEs, and how to build successful relations with VC/PE firms and enterprises.
CVCA 2009 AGM & Summit is sure to be an event of high quality; with guests ranging from investors, government officials, bankers, and lawyers to entrepreneurs and other professionals. The speakers will share their practical experience with the audience and provide case studies. CVCA hopes that this annual summit will continue to be a valuable experience sharing event of China VC/PE industry for senior management and professionals once a year. CVCA believes this summit will inspire the industry and participants while also allowing you to meet new friends and business partners.
On behalf of CVCA Board of Governors, I would like to thank you for your continued support for CVCA and its previous Meetings. We cordially invite you to be part of this primary industry forum in 2009 again and look forward to seeing you then.
Yichen ZHANG
Chaiman, CVCA
CEO, Citic Capital
Agenda
Update Agenda
| October 27th, 2009 (Tuesday) |
| 16:30 | Registration |
| 17:30–19:00 | Deutsche Bank Cocktail Reception |
| 19:00–21:00 | Welcome dinner |
| October 28th, 2009 (Wednesday) |
| 08:20 | Registration Networking Breakfast |
| 09:00–09:05 | Opening Remarks Yichen ZHANG Chairman of China Venture Capital Association & Chief Executive Officer of CITIC Capital Holdings Limited |
| 09:05–09:10 | Address by Xiaoming GU Director, Lujiazui Function Zone Administration Committee, Shanghai Pudong New Area |
| 09:10–09:15 | Welcome Address by the Title Sponsor Youjun ZHANG Chairman, China Securities Co., Ltd. |
| 09:15–10:00 | Keynote Speech Xianglong DAI Chairman National Council for Social Security Fund, the People's Republic of China |
| 10:00–11:15 | Panel I: RMB Fund Moderator: Edward TIAN, Chairman of China Broadband Capital Partners LP
-What are the possible models for VC/PE firms in conducting RMB funds business? What are the strengths and weaknesses of each model? Case studies. -What is the best cooperation model for LPs and GPs of RMB funds? -The regulatory landscape for RMB Fund. (In alphabetical order) George CHEN, Asia Private Equity Editor, Reuters News John FADELY, Partner, Clifford Chance Richard GUO, Partner, Fangda Partners Hugo SHONG, Founding General Partner, IDG Capital Partners Jeffrey ZENG, General Partner, Kaixin Investment Co., Ltd |
| 11:15–12:30 | Panel II: LP Perspectives Moderator: Roman SHAW, Managing Partner, DT Capital Partners
-What effects will the current global financial crisis have on the fund-raising of VC/PE firms? How should VC/PE firms adjust their fund-raising strategies? -How do international and domestic LPs view the prospects of VC/PE market in China? Has the Chinese market become more attractive to international LPs? -What are the new strategies of international LPs investing in China? How do the LPs evaluate and select GPs? How can LPs and GPs build up a steady and trusting relationship? -How do we create a healthy ecological environment for domestic LPs and foster a stronger domestic LP culture? Vincent HUANG, Partner, Pantheon – Russell Private Equity Duane KUANG, Managing Director, Qiming Venture Partners Xianghong LIN, Chairman, Suzhou Ventures Group Xiang LUO, National Program Director，United Nations Industrial Development Organization ITPO-China Ching TAN, Managing Director & Chief Representative, China, Siguler Guff & Company, LLC |
| 12:30 –14:00 |
Thomson Reuters Luncheon Keynote Speech Xinghai FANG, Director General of Financial Services Office, Shanghai Municipal Government |
| 14:00 – 14:30 | 2009 CVCA Annual General Meeting (CVCA Members Only) |
| 14:30 – 15:45 | Panel III: Domestic Exit Strategies and the Development of China Growth Enterprise Market (GEM) Moderator: Andrew YAN, Managing Partner, SAIF Partners
-How will the exit opportunities in the domestic capital market for VC/PE affected after the re-opening of A-share IPO market? -How can joint venture companies list in A-share markets? Any case studies? -What effects does the launching of China GEM impose on, and how will it impact the development of China's VC/PE industry? How can we further improve China GEM? What is the key to success of China GEM? -Exit through M&A, will it be a new trend? Youxin CHEN, Director and General Manager, China Capital Management Company Frank TANG, CEO, FountainVest Partners Charles WANG, CEO, Zhong De Securities Co. Sherry YIN, Partner, Morrison & Foerster(Beijing) Jonathan ZHOU, Partner, Fangda Partners |
| 15:45–17:00 | Panel IV: Emerging Investment Opportunities in Hot Industries Moderator: Tina JU, Managing partner, KPCB China
-Cultural and innovation Industries; -Consumer products and services; -Clean-tech; -Healthcare; -TMT; -Agriculture Jing HUANG, Managing Director, Bain Capital Elton JIANG, Managing Director, Northern Light Venture Capital David LIU, Head of Greater China, KKR Teresa Teague, Managing Director, Goldman Sachs Sing WANG, Partner, TPG Growth Capital(Asia) Limited Fumin ZHUO, Founding Partner, SIG Capital |
| 17:00–18:15 | Panel V: Building Win-win Relations between VC/PE Firms and the Enterprises Moderator: Kathy XU, Founder & Managing Partner, Capital Today Group
-What are the key challenges that VC/PE firms face in portfolio management nowadays? How are they dealt with?How can investment risk be managed efficiently? -What is the key for SMEs to recover and grow in the current financial crisis? And how can VC/PE firms help? -How do VC/PE firms deal with the different management styles in portfolio companies? How do VC/PE firms balance portfolio management and new investment? -How do VC/PE firms help Chinese companies to expand into global market? Hao CHEN, Managing Director, Legend Capital Fred Chang, Partner, Lovells LLP （Beijing） Zhou LIU, Chairman & CEO, Shenzhen Fortune Venture Capital Co., Ltd Chang SUN, Managing Director, Warburg Pincus Asia LLC Yichen ZHANG, Chief Executive Officer, CITIC Capital Holdings Limited |
| 18:15–18:20 | Closing Remarks YVCC Annual Cocktail |
Address: China Hall, Third Floor, Grand Tower (Tower 2), Pudong Shangri-la, Shanghai, China
● Names of panelists are listed in alphabetical order.
● Chinese and English simultaneous facility will be available at the summit.
● Speakers' invitation status and agenda will be updated.
IMPORTANT NOTE
The CVCA Summit 2009 believes in content and conference quality. Due to unforeseen circumstances the programme may change and the CVCA Summit reserves the right to cancel or alter the content and timing of the programme or the identify of the speakers for reasons beyond its control and will not be held accountable for any costs incurred by the participants.
Speakers & Panelists
(In No Particular Order):
| NAME | POSITION | COMPANY |
Xianglong DAI | Chairman | National Council for Social Security Fund, the People's Republic of China |
Xinghai FANG | Director General | Financial Service Office, Shanghai Municipal Government |
Yichen ZHANG | Chief Executive Officer | CITIC Capital Holdings Limited |
Xiaoming GU | Director | Lujiazui Function Zone Administration Committee, Shanghai Pudong New Area |
Edward TIAN | Chairman | China Broadband Capital Partners LP |
George CHEN | Asia Private Equity Editor | Reuters News |
John Fadely | Partner | Clifford Chance |
Richard GUO | Partner | Fangda Partners |
Jeffrey ZENG | General Partner | Kaixin Investment Co., Ltd |
Hugo SHONG | Founding General Partner | IDG Capital Partners |
David H. Liu | Head of Great China | KKR |
Teresa Teague | Managing Director | Goldman Sachs |
Kathy XU | Founder & Managing Partner | Capital Today Group |
Roman SHAW | Managing Partner | DT Capital Partners |
Vincent HUANG | Partner | Pantheon – Russell Private Equity |
Xianghong LIN | Chairman | Suzhou Ventures Group |
Xiang LUO | National Program Director | United Nations Industrial Development Organization ITPO-China |
Ching TAN | Managing Director & Chief Representative | Siguler Guff & Company, LLC |
Chang SUN | Managing Director | Warburg Pincus Asia LLC |
Youxin CHEN | Director and General Manager | China Capital Management Company |
Frank TANG | CEO | FountainVest Partners |
Charles WANG | CEO | Zhong De Securities Co. |
Youjun ZHANG | Chairman | China Securities Co., Ltd. |
Sherry YIN | Partner | Morrison & Foerster(Beijing) |
JONATHAN Z. ZHOU | Partner | Fangda Partners |
Jing Huang | Managing Director | Bain Capital LLC |
Elton JIANG | Managing Director | Northern Light Venture Capital |
Fumin ZHUO | Founding Partner | SIG Capital |
Hao CHEN | Managing Director | Legend Capital |
Fred Chang | Partner | Lovells LLP (Beijing) |
Zhou LIU | Chairman & CEO | Shenzhen Fortune Venture Capital Co., Ltd |
Duane KUANG | Managing Director | Qiming Venture Partners |
Andrew YAN | Managing Partner | SAIF Partners |
Sing WANG | Partner | TPG Growth Capital(Asia) Limited |
Tina JU | Managing partner | KPCB China |
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 state that you are a CVCA forum delegate.
HOTEL RESERVATION FORM PUDONG SHANGRI-LA HOTEL, SHANGHAI
Contact:
Phone: (86-21) 6882 8888
Fax: (86-21) 68820160
Email: reservations.slpu@shangri-la.com
ROOM RESERVATION：
| Room Type | Special Rate for CVCA Guests |
| (River Wing) Deluxe River Room(Single Occupancy) | RMB 1,500 |
| (River Wing) Deluxe River Room(Double Occupancy) | RMB 1,700 |
The above room rate is inclusive of 15% surcharge
The above room rate is inclusive of daily buffet breakfast and to be consumed at Yi Café (Grand Tower Level 2)
The above room rate is inclusive of broadband and wireless access in guest-room
Room assignment will be subject to availability upon making the reservation
Room delivery fee will be charged at RMB10net per room per time
Guest room rates are applicable 3 (three) days prior and 3 (three) days after the event official dates for the given room category only.
