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CVCA研讨会:人民币基金和美元基金的募资,组建,和条款

Co-organizer:


Supporting Organization:


Time:9:00am - 12:00pm., Thursday, April 26, 2012

Venue:Conference Center,21/F Edinburgh Tower, 15 Queen's Road, Central, Hong Kong (Map)

Participation Fee:By Invitation and Free to CVCA Members

Language:English



CVCA associated with OMM released the "RMB Funds vs. USD Funds: Limited Partnership Agreement Benchmarking Report 2011", which is based on the survey CVCA conducted with the general partners of limited partnership VC/PE funds, and analyzes similarities and differences between RMB funds and USD funds, as well as developing trends.


At this upcoming seminar, CVCA will share the key findings of the survey, and will also invite professionals, LP s and relevant experts to share their ideas and opinions on the overview and outlook to China's PE market in 2012, the fund-raising trends and the hybrid development and comparison of RMB funds and USD funds, and the impact of LPA's latest developments on fund formation and structure.


    Agenda:

08:30 - 09:00Registration / Networking Tea Time
09:00 – 09:05Welcome and Opening Remarks
09:05 – 09:30

Limited Partnership Agreement Benchmarking: the Comparison of RMB Funds & USD Funds

Queenie YouSenior Research Manager, CVCA

09:30 – 10:40

Presentations on Fund Formation and Fund Terms

Review and Outlook: the development of the industry in China

The evolution of RMB funds environment

The important role of limited partnership agreement in fund structure and LP-GP relationships

Specific analysis on key terms of limited partnership agreement

Lynn CHANCounsel, O'Melveny & Myers LLP

Elaine ZHANGCounsel, O'Melveny & Myers LLP

10:40 – 11:00

Presentation on RMB Funds Vs. USD Funds: Taxation Updates

Jeremy NgaiPartner, China Tax and Business Advisory Service Division of PricewaterhouseCoopers Zhong Tian CPAs Ltd

11:00 – 12:00

Panel Discussion:

What are the differences and similarities between RMB and USD fund agreement terms? What are the developing trends?

What has changed in terms of RMB fund structures? What are the effects of QFLP, cross-border RMB direct investments, and other new policies on fund structures?

The state of the fundraising environment. What are the developing trends?

How does investor relations management of RMB funds differ from that of USD funds? How do LPs handle their agreed-upon position with the fund?

What are the advantages and disadvantages of the introduction of placement agencies? How are placement agency fees charged and how is reasonability assessed?

Moderator:

Xuan ZHANGCounsel, O'Melveny & Myers LLP

Panelists:

Conrad YANPartner, Campbell Lutyens Asia Pacific Ltd

David LINHead of Fund Investing, GoldStone Investment Co.

Larry SUSSMANPartner, O'Melveny & Myers LLP

Lucian WUManaging Director, Paul Capital Advisors Hong Kong Ltd

Shirley XIEPartner, Private Equity Group of PricewaterhouseCoopers Zhong Tian CPAs Ltd



The above agenda is subject to change. CVCA will notify you of any updates in the program.

Seats are limited. Please make an early reservation. Registration on site is not available.



Enquiry contact

Ms. Sun Ning

China Venture Capital and Private Equity Association

TEL: 86 -10 - 8518 3584 * 816

Fax: 86 -10 - 8515 0835

Email: ning@cvca.org.cn



About China Venture Capital and Private Equity Association (CVCA)

The China Venture Capital and Private Equity Association ("CVCA"), incorporated in the middle of year 2002 in Hong Kong, is a member-based trade organization established to promote the interest and the development of venture capital ("VC") and private equity ("PE") industry in the Greater China Region. Currently CVCA has more than 150 member firms, which collectively manage over US$500 billion in VC/PE funds. CVCA members have long and rich experience in VC/PE investing worldwide and have made many successful investments in fast-growing China enterprises of various industries.


To better demonstrate CVCA's member composition and to represent the private equity members in the Greater China region, in November, 2010, China Venture Capital Association officially announced to rename itself as China Venture Capital and Private Equity Association, although its abbreviation and logo will remain unchanged as CVCA.


More information about CVCA, please visit www.cvca.org.cn


中华股权协会投资