| 作者 |
 在北京的哥哥姐姐，12月2日在东方君悦酒店有个会，目前在亚洲地区比较活跃的境内外VC都到 |
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我的联系方式。。。 -- 永远的衡 - (122 Byte) 2003-11-27 周四, 10:42 (314 reads) |
dabao
[博客]
[个人文集]
头衔: 海归少校
加入时间: 2004/02/27
文章: 286
海归分: 20874
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作者：dabao 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
你可12月1日到君悦注册，详情见下面：
2003 AVF / CHINA
NEW FORCES DRIVING SOES, EXITS AND FUND RAISING
Grand Hyatt Beijing, China • December 1 – 3, 2003
MONDAY, DECEMBER 1, 2003
6:30 p.m. REGISTRATION
6:30 - 8:00 p.m. WELCOME AND COCKTAIL RECEPTION
TUESDAY, DECEMBER 2, 2003
7:30 a.m. BREAKFAST
8:00 a.m. REGISTRATION
8:45 a.m. WELCOMING REMARKS
Conference Chairman: DANIEL M. SCHWARTZ, Chairman,
Asian V Venture enture Capital Journal Journal;
and Qiosk.com International
9:00 a.m. KEYNOTE ADDRESS
JINGYAN HU, Director General, Department of Foreign
Investment Administration
Ministry of Commerce of the People’s Republic of China (China)
9:30 a.m. ARE THE SOES FINALLY SELLING GOOD
ASSETS?
— Why settle for less when you can breakfast at
Tiffany’s?
China’s State Owned Enterprises (SOEs) offer an enormous
range of investment opportunities. But as in any bazaar, caveat
emptor. Overseas investors have frequently been the target of
bad deals and, in days of yore, may not have had much choice.
However, China’s public sector may finally be lifting the curtain
on good businesses — investors just have to know where and
how to look. Forget the NPLs, crumbling factories and fire sales.
Panelists discuss the art of prospecting for — and separating —
the real treasures from the fool’s gold.
Chair: SIMONE SONG, Co-founder & Managing Partner,
Whartonn Capital Int’l (China)
Speakers: JINGDONG CAI, Chairman, Nanjing Dairy (China)
YI LUO, Vice President, The Carlyle Group (Hong Kong)
JING ZHU, Chairman, Richland Managers Ltd. (China)
10:30 a.m. TEA/COFFEE BREAK
11:00 a.m. FINDING THE RIGHT EXIT STRATEGIES IN
CHINA — Trade sales were the rule, but IPOs may
be an emerging alternative
A shortage of viable exit strategies in Asia remains a daunting
challenge for even the most seasoned venture capitalists. Yet
defining the right exit strategy in China can be the greatest hurdle
of all to a successful investment. How can venture capitalists
and foreign investors exit their Mainland investments? Do trade
sales or M&A still represent the best option? Can domestic
capital markets provide liquidity for sellers? How should an
offshore IPO be structured? Our expert panel plots the best
routes.
Chair: STEVE TORONTO, Partner, Beijing Office,
Morrison & Foerster LLP (China)
Speakers: David K. Kao, Managing Director, H&Q Asia Pacific
(Hong Kong)
WILLIAM TAI, General Partner, Charles River Ventures
(U.S.A.)
KATHY XU, Partner, Baring Private Equity Partners Asia
(Hong Kong)
ANDREW YAN, President & Executive Managing Director,
SOFTBANK Asia Infrastructure Fund (SAIF) Advisors
(Hong Kong)
12:00 p.m. LUNCHEON
---------------------------
1:30 p.m. CREATING VALUE FOR THE SELLERS — Why
corporates should choose private equity over other
sources?
As Chinese companies expand beyond traditional markets,
choosing the right partners becomes an essential ingredient for
success. Apart from striking out on their own, empire builders
are typically limited to three choices – forming joint ventures,
selling to strategic investors or partnering with venture capitalists/
private equity fund managers. Why should staid and conservative
enterprises go with the novel concept of taking on financial
partners – a rather expensive option from their point of view?
Panelists from both sides discuss the alternatives, implications,
and successes of different scenarios.
Chair: JOSEPH TZENG, Managing Director, Crystal Ventures (U.S.A.)
Speakers: TAO FENG, Managing Partner, NewMargin Ventures (China)
OLIVIER GLAUSER, Director, Qualcomm Ventures (China)
CHARELESON ZHENG, CEO, United Platform Technologies (China)
2:30 p.m. TEA/COFFEE BREAK
3:00 p.m. FINDING THE RIGHT LOCAL PARTNER:
When in Rome do as the Romans do—and
likewise in the Middle Kingdom
“It is not often that someone comes along who is a true friend
and a good partner”—to paraphrase E.B. White—but finding the
right mix of trust, talent, and guanxi may well hold the key to
success (and survival) in China. For those who lack their own
contacts or resources, identifying and structuring a partnership
are prerequisites to success in the Mainland. But where do you
look, what do you look for, how do you perform due diligence?
What is the best Sino-foreign partnership model for private equity
funds? Panelists provide the clues.
Chair: BARRY WEINMAN, Founder & Managing Director,
Allegis Capital (U.S.A)
Speakers: JOHN CHIANG, Senior Director for Business Development,
Motorola (China)
ZEEV HOLTZMAN, Founder, Chairman and CEO,
Giza Venture Capital (Israel)
Y.C. LI, President, China Merchants & Fortune Assets
Management Ltd. (China)
QUAN ZHOU, Managing Director & General Partner,
IDG Technology Venture Investment, Inc. (China)
4:00 p.m. ATTRACTING GOOD MANAGEMENT: LOCAL
AND OVERSEAS — Finding the right talent to run
your Mainland business is easier said than done
State-owned enterprises and family-run businesses are not the
first place to search for professional managers. While many are
successful and profitable, many local managers lack training and
experience to compete in global markets. But, with $52 billion
worth of FDI last year alone, someone is running the Chinabased
portfolios of foreign investors. Who are these managers?
How should international companies source and evaluate local
talent? When does bringing in overseas managers make sense?
Panelists share their experiences.
Chair: FRANK GALLO, Managing Consultant, Greater China,
Watson Wyatt Worldwide (China)
Speakers: DAVID CHAO, Co-founder & Managing General Partner,
DCM-Doll Capital Management
DUANE KUANG, Director of Strategic Investments,
Intel Capital (China)
CHOONG HUEI SEOW, Vice President,
Templeton Asset Management (Singapore)
5:00 p.m. DAY ONE CONCLUDES
6:30 p.m. COCKTAIL RECEPTION
The China Club Beijing
7:30 p.m. BANQUET DINNER
------------------------------
WEDNESDAY, DECEMBER 3, 2003
7:30 a.m. BREAKFAST
8:45 a.m. DAY TWO WELCOME
9:00 a.m. CHINA’S NEW VENTURE CAPITAL REGULATIONS:
The rules say you can do it — but can you?
Despite the hoopla surrounding China’s entry into the WTO,
regulations involving foreign investments into the Mainland
remain ambiguous. Have the new regulations passed in March
2003 finally provided foreign VCs with a viable road map into
China’s technology sectors? Not only do they address the issues
of broader access to deals and raising RMB capital, they also
provide a framework for using share option incentive programs,
as well as loosening restrictions on domestic IPOs. Will these
changes provide the boost the Chinese VC market needs? Senior
government officials and experts share their views.
Chair: JEFFREY S. WOOD, Partner, Debevoise & Plimpton (Hong Kong)
Speakers: CASSIE WONG, Partner, Tax and Transaction Services,
PricewaterhouseCoopers (China)
JING-JING XU, Managing Director, Global Financial Group (USA)
JINGAN ZHANG, Director General, Department of Policy and
Regulation, the Ministry of Science and Technology (China)
10:00 a.m. TEA/COFFEE BREAK
10:30 a.m. DOMESTIC DEBT AND EQUITY FINANCING
FOR CHINA INVESTMENTS — Foreign private
equity is not home alone
Apart from straight equity, overseas investors face a difficult
time funding domestic transactions. Blame that on the lack of
willing domestic lenders and other alternatives. This situation
could be changing. New regulations are making Chinese
commercial banks more open to partnering in foreign-led
ventures as well as granting more foreign banks rights to do
RMB businesses. What are these regulations? How do equity
and debt financing work in China? Can young companies with
few physical assets — but valuable intellectual property — obtain
bank financing? Panelists discuss.
Chair: SHAN DENG, General Manager, Investment Banking,
South China Securities (China)
Speakers: DAVID KIANG, Vice Chairman & CEO, First Sino Bank
HENRY TSANG, Partner, Search Asian Mezzanine Advisors Ltd
(Hong Kong)
CHAOYONG WANG, Chairman & CEO,
ChinaEquity Investment Co., Ltd. (China)
----------------------
11:30 a.m. POINT/COUNTERPOINT: SUSTAINING
ECONOMIC GROWTH — Can China drive itself
into the next decade?
China is the star of the world economy. The numbers tell all:
$52 billion in FDI, annual GDP growth of 8% or more—and
don’t forget the 1.3 billion people and its emerging Middle Class.
Can the Chinese economy sustain its phenomenal growth? What
will the market look like in ten years? What will be the drivers
prolonging this economic miracle? Leading regional economists
and experts interpret the numbers.
Chair: STUART SCHONBERGER, Managing Director, CDH Investment
Management (China)
Speakers: YIPING HUANG, Greater China Economist, Citigroup
(Hong Kong)
ARTHUR KROEBER, Research Director, China Economic
Quarterly (China)
JOAN ZHENG, Chief Economist, Greater China, JPMorgan
(Hong Kong)
12:30 p.m. LUNCHEON PANEL
LUNCHEON WITH INSTITUTIONAL INVESTORS
— Can institutions afford not to invest in the
Mainland?
China has consistently placed among the top destinations for
foreign direct investments recent years. Yet, the volume of
inward private equity investments remains anemic when
compared with sums in other Asian countries. Among the
reasons are that institutional investors remain cautious about
the viability of the private equity model in the Mainland. But
can promising Mainland opportunities be ignored any longer?
Can local institutions and RMB vehicles fill the void and provide
the key to fund-raising success? Leading local and international
institutional investors provide perspective.
Chair: ERIC CHAN, Partner, Pantheon Ventures Limited (Hong Kong)
Speakers: DOUG COULTER, Senior Investment Officer, International
Finance Corporation (Hong Kong)
2:30 p.m. CONCLUDING REMARKS
CONFERENCE CONCLUDES
作者：dabao 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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