4th Quarter Council 

Keynote: The Good and Bad of the China Market

Speaker:  Weijian SHAN           Chairman and CEO        PAG

LP/GP Exchange Dinner 

Speech: Seize the Value-Added Opportunities of Post-Investment Management

Speaker:    Chao SUN             Senior Director        Alvarez & Marsal

Registration/Networking

Opening Remarks

David LIU                             Chairman   CVCA /Chairman    DCP Capital

Opening Remarks by Co-Chairman of the Summit

Wei CAI                                Co-head of the Investment Banking Division in China  Goldman Sachs

Moderator

1.Facing the current economic downturn and increasing macro challenges at home and abroad, which industries are the best investments to withstand risks and even profit against the cycle?

2.In the current macro environment, how should we look at the valuations of projects in primary and secondary markets? Should GPs adjust the pace of investment in the face of macro uncertainty?

3.Is cross-border M&A more attractive when facing domestic macroeconomic uncertainty? Which countries or regions are the most interesting markets? How can we identify promising cross-border M&A opportunities?

4.From the invested enterprises’ perspective, does the Sino-US trade friction have a substantial impact on the enterprise, or is the effect currently limited to the macro level?

5.Looking at the market over the next few years, where should PE funds work to strengthen their capabilities and practice their internal skills so as to maintain excellent performance across cycles in the new market environment?

6.How do USD and RMB investors differ as regards to PE fund management under the current macro conditions?

Moderator:

Weijian SHAN                     Chairman and CEO        PAG

Panelists：

David LIU                           Chairman   CVCA /Chairman    DCP Capital

Chang SUN                        Managing Partner     TPG China

Shangzhi WU                     Managing Partner     CDH

Fred HU                              hairman and Founder       Primavera Capital Group

Forum 2: Macro Trends and Industry Strategies from the VC Perspective

1.With high-tech investment blocked by the United States, growing industries encountering setbacks (children's education, P2P, used cars, bike sharing, electric vehicles), more listed companies faring poorly on their first day of trading, and capital investment passing through a cold spell, how do VCs find the next wave of innovation?

2.After seeing the big trends of mobile Internet, social networking, and e-commerce, what are the new big trends in the VC industry?

3.What new long-term opportunities are opened up by the Sino-US trade war?

4.Is the RMB likely to become the mainstream currency for VC's early and high-tech investments?

5.How can we evaluate the current state of the SSE STAR MARKET?

6.How can we evaluate high-valuation, high-risk, and high-return projects?

Moderator:

Duane KUANG                         Founding Managing Partner     Qiming Venture Partners

Panelists：

Erhai LIU                                  Founding and managing partner     JOY Capital

James Shen                            Vice President of Qualcomm / Managing Director of Qualcomm Ventures

Hao CHEN                               Managing Director/President     Legend Capital

Kui ZHOU                                Partner     Sequoia Capital China

Jixun FOO                               Managing Partner     GGV Capital

Henry YIN                                Partner     Cooley LLC

 Forum 3: How Mainstream LPs View Financing Strategies and Measure GP 

1.As China's economy slows down and the capital market weakens, it is difficult for GP investments to stand on their own. How can LPs select GP that can withstand the cyclical downturn? Will they cut back on their positions in China?

2.With the overall economy in decline and consumption weakening, what methods can GPs adopt to help invested companies through these difficult times? Have there been any adjustments to the expected returns on original investments?

3.Facing such a market cycle, if LPs are more attentive to GP withdrawal at the project level, is this inconsistent with the long-term investment concept adopted by many GPs? 

4.How will the Sino-US trade friction affect LPs' approach to their next investments? Moreover, will the political situation affect the investment allocations of U.S. LPs in China?

5.What are the asset classes that domestic and foreign LPs focus on? What are their differences?

6.Are mainstream investment opportunities shifting from growth minority investments to M&A-led holding investments (including leverage)? What are the different resources and skills are required of the fund management team in order to take advantage of these two opportunities?

Moderator:

Rebecca XU                   Co-Founder & Managing Director     Asia Alternatives

Panelists:

Wendy ZHU                    Managing Director of AlpInvest Partners

Weizhou SU                   Partner/head of Asia     Stepstone

Sally SHAN                    Managing Director     HarbourVest Partners

Jiang BAO                     Deputy Director of the Equity Assets Department (Industrial Investment 

                                        Department) of the National Council for the Social Security Fund

Forum 4: Effective Value-Added Management during Post-Investment 

1. Facing economic slowdown, post-investment management is particularly important. How do mainstream GPs cooperate with the invested companies for effective post-investment management?

2. How can post-investment management and teams effectively work together to contribute to the development of the invested companies?

3. How can we establish an effective post-investment management team? What kind of management backgrounds and expertise can really contribute to the invested company?

4. Are the post-investment management methods the same for controlling holding and minority investments? How can we succeed in post-investment management with a minority share investment?

5. What kind of post-investment management participation and operation can effectively add value to invested companies in the Chinese market environment?

Moderator:

David QIU                          President & Partner     PAG

Panelists：

Sheng WANG                    Deputy Head and a Managing Director of the Investment Banking 

                                           Department     CICC

Stephanie HUI                  Co-Head of the Merchant Banking Division in Asia     Goldman Sachs

Paul YANG                        Head of Greater China     KKR

Jonathan ZHU                  Managing Director     Bain Capital

Amanda ZHANG              Partner     PwC

Forum 5: New Trends in New Areas 

1.How do early VC investments in China deal with and adapt to the Sino-US trade friction and the new global pattern?

2.In which fields will Chinese technological innovation allow domestic companies to take the lead? What opportunities can be seized by early investment? What are our shortcomings?

3.What challenges and opportunities will be created for early Chinese investors and entrepreneurs as standards and products in certain technology fields tend to be localized to the new landscape?

4.How should we understand the rise of technological innovation and local models?

5.Will the globalization of B2B and Internet enterprises be the next two major trends?

Moderator:

Wei ZHOU                           Founding Managing Partner        China Creation Ventures

Panelists:

Justin NIU                           Partner   IDG Capital

Chaoyong WANG               Founding Chairman & CEO      ChinaEquity Group

Bowen ZHOU                      Vice President of JD.co/ Head of JD AI

Wenda YUAN                      Managing Partner     Redpoint China Ventures

Qinglu PU                           Partner     Deloitte

Forum 6: Case Sharing - McDonald's and Hangzhou Tigermed

Dejun LUO                          Managing Director CITIC Capital Partners

William HU                          Managing Partner  Qiming Venture Partners,

Questioner:

Ming JIN                               Managing Partner   Cygnus Equity