Introduction
The 2011 China Venture Capital and Private Equity Association Member Annual Summit (“The Summit”) will be held on November 17th-19th (Thursday - Saturday) , at the Hilton Sanya Resort & Spa in Sanya, Hainan Province. Once a year, The Summit, a by-invitation-only event, is held to provide an effective exchange and networking platform among senior executives from CVCA members and our friends. At the Summit, participants will discuss and exchange views on key industry issues and topics that are essential to industry development, sharing good practices and experience, and demonstrating case studies, in hope of further promoting the sound development of the VC/PE industry.
During this event, the Sanya government, who has provided strong support this year's Summit, will introduce a multitude of business opportunities and plans for PE development in Sanya, as well as seeking suggestions from participants. The Summit will be comprised of various sessions, including keynote speeches, a welcome dinner, sub-forums, roundtable discussions, and interactive Q&A sessions. Additionally, the Summit will offer side-programs that include networking events, a golf tournament and networking cocktails. CVCA hopes our friends and members will utilize this event to share good practice, celebrate partnership, and meet with friends – new and old.
Organizing Committee
China Venture Capital and Private Equity Association (CVCA)
CVCA Annual Members Summit 2011
Thursday – Saturday, November 17th-19th, 2011
Diamond Ballroom, Hilton Sanya Resort & Spa, Sanya, Hainan, China
Tentative Agenda
| Thursday, November 17th, 2011 |
| 17:00–18:00 | Registration |
| 18:00–19:00 | Cocktail Reception |
| 19:00–21:00 | Welcome Dinner and Annual Charity Banquet |
| Friday, November 18th, 2011 |
| 8:20–8:50 | Registration / Networking Breakfast |
| 8:50–9:00 | Opening Remarks by Yichen ZHANG CVCA Chairman / CEO of CITIC Capital |
| 9:00–9:05 | Remarks by Co-Chairman of the Conference Changqing WANG Chairman & CEO, China Securities Co Ltd |
| 9:05–9:15 | Remarks by a Senior Representative from the City of Sanya |
| 9:15–10:45 |
PE Industry and Policy-makers Forum What are the relevant departments' thoughts and initiatives on promoting private capital on entering the VC/PE industry? What is the relevant authorities' way of thinking on the regulating VC/PE industry and what is the future policy direction in this area? What are the latest developments in the filing management of equity investment enterprises and how is the situation with the local implementation? What is the state of implementation of Provisions on Implementation of Security Review System Regarding Mergers and Acquisitions of Domestic Enterprises by Foreign Investors? In practice, is there a clear list of industries covered by the Provisions or Specific rules of operation? What is the progress on the revisions of the Guidance Catalogue of Industries for Foreign Investment? What is the progress on the revisions of the Law of Securities Investment Fund? What is the Securities Regulatory Commission's way of thinking with regard to how RMB funds are likely to be regulated in the future? Any new development in for insurance companies' investment in PE funds? In practice, what are the difficulties in the docking of insurance companies and PE funds? What is currently the regulatory focus of the Insurance Regulatory Commission? Moderator: John ZHAO CEO, Hony Capital
Guest Speakers: Chang SUNManaging Director, Warburg Pincus Frank TANGCEO, FountainVest Partners Sing WANGCo-Chairman, TPG Greater China Head, TPG Growth North Asia Partner, TPG Yichen ZHANGCEO of CITIC Capital |
| 10:45–12:00 |
GP & LP Roundtable
In view that the amount raised by RMB funds enjoys a steady yearly increase, how do the GPs regard the future trends will develop? How to maintain the steady increase of capital flow? What are the obstacles faced by RMB funds in fundraising channels and sources? How to maintain the smooth running of financing channels? How to ensure the interests of GPs while expanding the financing channels? What is the effect of QFLP, RMB cross-border direct investment, and other new polices on fundraising? What is the status of investment of insurance companies in RMB funds? How do insurance companies perform due diligence, and what is the structure of their investment process? RMB FOF is emerging. How is its development and what are the trends in its development? How do RMB FOFs perform due diligence, and what is structure of their investment process? How investor relations management of RMB funds differs from that of USD funds? What are the developing trends? How do LPs handle their agreed-upon position with the fund? How do fund managers coordinate different types of investors? Moderator：Geoffrey CHAN Partner, Ropes & Gray Guest speakers： Vincent HUANGPartner, Pantheon David Y. LEEExecutive Director, GoldStone Investment Co. Weijian SHANChairman and CEO, PAG Weichou SUPartner, StepStone Group Biao XINGDeputy Director, Equity Capital Department, National Council for Social Security Fund Ming YEHManaging Director, SVB Capital China Fumin ZHUOGGV Capital, Managing Partner GGV Venture Star Equity Investment Partnership, Executive Partner |
| 12:00–13:30 |
Gerson Lehrman Group Luncheon Welcome Note: Victoria ZHONGVice President, Gerson Lehrman Group Economist Keynote Speech: Kang JIADirector, Research Institute for Fiscal Science, Ministry of Finance |
| 13:30–14:00 | CVCA Annual General Meeting (CVCA Members Only) |
| 14:00–15:15 |
PE and Fund Placement intermediaries Roundtable What types of placement agencies are active in the market today? What are the advantages and disadvantages of each type? How is the interaction between placement agencies and fund managers? What are the advantages and disadvantages of the introduction of placement agencies? When is the best time to introduce placement agencies? What is the degree of reliance of GPs on placement agencies? How do placement agencies differentiate between servicing entry level GPs and experienced GPs? What is placement agency's role in the expansion of institutional investors and individual investors? What kind of placement services are most valuable to LPs? Do intermediaries play an effective role for LP in increasing the investment efficiency or screening GPs? How are placement agency fees charged? How do GPs make reasonable arrangements for placement agency's profit sharing requests on Management Fee and Carried Interest? Moderator：John FADELY Partner, Weil Gotshal & Manges LLP Head, Weil Asia funds Guest Speakers： Edwin CHANHead of Asia, Probitas Partners Roman SHAWManaging Partner, DT Capital Partners Ching TANManaging Director & Head of Shanghai office, Siguler Guff Zhe YINCo-founder & Director, Noah Holdings Stella ZHUOConsultant, Investment Services, Towers Watson, China |
| 15:15–16:30 |
PE and Professional Service Providers Roundtable What has changed in terms of RMB fund structure? What is the effect of QFLP, cross-border RMB direct investment, and other new policies on fund structure? What are the recent changes in enterprise valuation? What is the developing trend? How may professional service providers help fund manager uncover legal and financial defects in the enterprise in the course of performing due diligence reviews? What are the key points in investigating corporate management teams during due diligence? How to reconcile the lengthy demand of due diligence reviews with the tendency of the need to "grab the deal" ? What are the differences and similarities between RMB and USD fund agreement terms? What are the developing trends? What confusions are currently involved in GP taxation? Which policies await urgent clarification and breakthrough? What new problems have recently arisen in human resources management? Any new trends? What responses should be taken with regard to changes in key personnel of the management team? When will the time window for enterprises to conduct IPO in the U.S. be reopened? How to timely explore diversified exit options? Moderator: Stephanie HUI Partner & Managing Director, Merchant Banking Division of Goldman Sachs Guest Speakers： Youxin CHENManaging Director, China Securities Co Ltd JP GANManaging Director, Qiming Venture Partners Victor GAOManaging Director, CDIB Capital Richard GUOPartner, Fangda Partners Paul MAPartner, KPMG China Michael YANGHead of Asia, Global Corporate Client Group of New York Stock Exchange |
| 16:30–17:45 | Roundtable with the Sanya Government (By Invitation)(By Invitation)
Strategy and Prospects for Building Sanya into an International Offshore Center and Wealth Management Hub with Support of Equity Investments |
| November 19th, 2011 (Saturday) |
| 7:30–13:30 | Morrison & Foerster LLP·CVCA Golf Tournament |
● Chinese and English simultaneous interpretation will be provided during the summit.
● Speakers and agenda may change. CVCA maintains the final rights for summit content and speakers decision.
Speakers & Panelists
(by the order of agenda):
 | Yichen ZHANG CEO of CITIC Capital CVCA Chairman |
|  | Changqing WANG Chairman & CEO China Securities Co Ltd |
 | John ZHAO CEO Hony Capital |
|  | Chang SUN Managing Director Warburg Pincus |
 | Frank TANG CEO FountainVest Partners |
|  | Sing WANG Head, TPG Growth North Asia / Partner, TPG Co-Chairman, TPG Greater China |
 | Geoffrey CHAN GGV Venture Star Equity Investment Partnership, Executive Partner Partner, Ropes & Gray |
|  | Vincent HUANG Partner Pantheon |
 | David Y. LEE Executive Director GoldStone Investment Co. |
|  | Weijian SHAN Chairman and CEO PAG |
 | Weichou SU Partner StepStone Group |
|  | Biao XING Deputy Director，Equity Capital Department，National Council for Social Security Fund Vice Director of Equity Capital Department |
 | Ming YEH Managing Director SVB Capital China |
|  | Fumin ZHUO GGV Venture Star Equity Investment Partnership, Executive Partner GGV Capital, Managing Partner |
 | Victoria ZHONG Vice President Gerson Lehrman Group |
|  | Kang JIA Director Research Institute for Fiscal Science, Ministry of Finance |
 | John FADELY Head, Weil Asia funds Partner, Weil Gotshal & Manges LLP |
|  | Edwin CHAN Head of Asina Probitas Partners |
 | Roman SHAW Managing Partner DT Capital Partners |
|  | Ching TAN Managing Director & Head of Shanghai office Siguler Guff |
 | Zhe YIN Co-founder & Director Noah Holdings |
|  | Stella ZHUO Consultant Investment Services, Towers Watson, China |
 | Youxin CHEN Managing Director China Securities Co Ltd |
|  | JP GAN Managing Director Qiming Venture Partners |
 | Victor GAO Managing Director CDIB Capital |
|  | Richard GUO Partner Fangda Partners |
 | Paul MA Partner KPMG China |
|  | Stephanie HUI Partner & Managing Director Merchant Banking Division of Goldman Sachs |
 | Michael YANG Head of Asia Global Corporate Client Group of New York Stock Exchange |
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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.
Registration
1、Summit Registration
The summit is a by-invitation only event. Each CVCA member firm is entitled to two complimentary seats for their senior executives only.
We sincerely invite you, an important representative in our members firms to attend this event as our guest of honor. To confirm your participation, you can register with us through the following three channels:
1) Register online.
2) Fill out the PDF Registration Form,fax it back to: 86 10 8515 0835 or Fill out the Excel Registration Form, email it back to us at agm2011@cvca.org.cn
3) the registration hotline at Tel: 86 10 8518 3584 ext. 807
We look forward to seeing you at the summit. Thank you very much in advance for your kind support and participation.
2、Morrison & Foerster LLP·CVCA Golf Tournament Registration
Time: Wednesday, November 19th 2011
Venue: Yalong Bay Golf Club
Address: Yalong Bay National Resort, Sanya City, Hainan Province, China (Course & hole Description )
Fee: RMB 1, 250 /person (Including fees for golfing and Lunch; not including other expenses such as equipmentrental fee)
Attire: Sport or Business Casual (No Jeans)
Seats are limited and will be reserved on a first-come-first-serve basis. Please fill out the registration form, and fax or email back to us. Contact: Ms. Sabrina Tian Tel: 010-8518 3584 ext.802 Fax: 010-8515 0835 Email: sabrina@cvca.org.cn.
Program:
07:30 - 08:00 | Registration |
08:00 - 08:30 | Kicking - off Ceremony |
08:30 - 12:30 | Games |
12:30 - 13:00 | Break |
13:00 - 13:30 | Award-wining Luncheon |
Accommodation information:
CVCA has reserved some rooms for the participants. Please download the Booking form, fill it and send it back to the hotel, CVCA participants could enjoy a special discount.
Hilton Sanya Resort and Spa
Address: Yalong Bay National Resort District, Sanya, China 572000
Contact:
Ms.Julie Sun
Tel: 86 898 8858 8888 ext. 8808
Fax: 86 898 8858 8800
Email: Julie.sun@hilton.com
Website: www.sanya.hilton.com
