China Venture Capital & Private Equity Forum 2007

Agenda

April 13, 2007 Friday (morning) Forum plenary session

8:30am – 9:00am

Opening ceremony

Chairman :
Xie Mingquan	Director-General ,Department of Science and Technology of Guangdong Province

Speakers:
Chen Zhengli	Vice Chairman of the Central Committee of the CNDCA
Zhang Jing'an	Member of Chinese Communist Party(CCP) LeadershipGroup, Ministry of Science and Technology, Chairmanof the Science and Technology Daily
Xu Zongheng	Mayor of Shenzhen
Huang Huahua	Governor of Guangdong Province

9:00am – 9:30am

Keynote Speech：The Important Guildlines for Promoting the Development of China Venture Capital

Chairman :
Song Hai	Vice Governor of Guangdong Province

Speakers:
Cheng Siwei	Vice Chairman of the National People’s Congress , P.R.C Father of China’s venture capital industry

9:30am – 11:00am

PE & VC industry review: Chinese and global perspectives

Chairman :
Chen Gongmeng	Managing Director , China Venture Capital Research Institute

Speakers:
Ta-lin Hsu	Chairman and Founder, H&Q Asia Pacific
Andrew Y. Yan	Managing Partner, SB Asia Investment Fund
Shan Xiangshuang	President , China Science & Merchants Venture Capital Management Co., Ltd.
Kathy Xu	Managing Partner, Capital Today Group
John Rutledge	Founder & President , American Rutledge investment institution； Former Financial Advisor of U.S. Presidents

11:00am– 11:45am

Is China ready to build up a world-class PE & VC industry: views from the World top PE & VC investors?

Chairman :
Zhang Jing’an	Member of Chinese Communist Party(CCP) Leadship Group, Ministry of Science and Technology, Chairman of the Science and Technology Daily

Speakers:
Victor Chu	Chairman & CEO, First Eastern Investment Group
Timothy C. Draper	Founder and Managing Director , DFJ

11:45am – 12:30pm

Fundamental issues affecting China’s future 10-year investment environment: Energy, countryside, aging, corruption, wealth gap, etc.

Chairman :
Chen Gongmeng	Managing Director , China Venture Capital Research Institute

Speakers:
Guo Xiangjun	Deputy Director, Department of Accounting and Finance, National Development &Reform Commission
Frederick Hu	Senior Fellow (non-resident) , the National Center for Economic Research (NCER) at Tsinghua University ; Professor ,Tsinghua University, Managing Director at Goldman Sachs Group Inc.
Fan Gang	Secretary- general, Research Fund of China Society of Economic Reform

12:40 pm – 1:50 pm

Networking Lunch

April 13, 2007 Friday (afternoon) Parallel Sessions

2:00pm – 3:45pm

Parallel Session A1

Parallel Session B1

Parallel Session C1

Innovation and tech-transfer: The venture capital perspective

Re-examining exit strategies for PE & VC in China: Where to go public?

Innovation of Software Technology on the Horizon (Chaired by Microsoft )

4:00pm – 5:45pm

Parallel Session A2

Parallel Session B2

Parallel Session C2

Entrepreneurship: The entrepreneur and venture capitalist perspectives

International private equity strategies for investing in China’s pre-IPO and other late stage companies

World LP investment Strategy for China (Chaired by KPMG)

April 14, 2007 Saturday (morning) Parallel Sessions

8:45am－10:30am

Parallel Session A3

Parallel Session B3

Role transition: The leap from the successful entrepreneur to the successful venture capitalist

M&As, buy-out, mezzanine, and restructuring businesses in China: Policies and legal Issues, and operational strategies and processes

10:45am – 12:30pm

Parallel Session A4

Parallel Session B4

Life Sciences and Biotech: The latest developments in China and the World

International PE &VCs in China: opportunities versus challenges; success versus failure

12:40pm – 1:50pm

Networking Lunch

April 14, 2007 Saturday (afternoon) Parallel Sessions

2:00pm – 3:45pm

Parallel Session A5

Parallel Session B5

Clean-Tech and New Energy: Are they the next gold mine for international PE investors in China?

Venture capital investment strategies in China’s start-ups: experience sharing and case studies

4:00pm – 6:00pm

Closing plenary session

The marriage of Imaginative film directors and creative venture capitalists: the way forward

A1. Innovation and tech-transfer: The venture capital perspective

　China’s VC industry has always been driven by business innovation, but there is no doubt that the 11th five-year plan still needs to address China’s innovation capabilities. There is nothing wrong with riding the wave of the current VC industry and building companies that provide value to the market/customers and to their investors. As the Chinese market matures, however, technological innovation will take center stage for VC investments. The key to preparing for this development is technology transfer from research labs and universities, not by “real-estate incubators” that only provide space, but by VC firms that consider such a transfer to be a business development activity. This session will bring together top university leaders from China, the U.S., and Europe, senior government officials, and leading venture capitalists to share successful U.S. and European models for technology transfer and then to discuss a successful model for China.

Chairman :
Martin Haemmig	Professor at the Center for Technology & Innovation Management（CeTIM）、UniBW Munich of Germany and at Leiden University of the Netherlands

Speakers:
Qiao Junlu	Director, Beijing National Center for Technology Transfer of Chinese Academy of Sciences(CAS)
Liu Zhongpu	Director-general of Shenzhen Bureau of Science, Technoloy & Information
K. Bobby Zhao	Managing Partner, DFJ Dragon Fund China
Cadol Cheung	Director of Strategic Investments, Intel Capita Asia Pacific
Max von Zedtwitz	Professor, School of Economics and Management, Tsinghua University; Director, Reserch Center for Global R&D Management

B1. Re-examining exit strategies for PE & VC in China: Where to go public?

　 Is Sarbanes-Oxley making it too costly for smaller Chinese firms to go public in the U.S.? Do China’s new regulation “Provisions for Foreign Investors to Merge Domestic Enterprises”, which have been promulgated by Ministry of Commerce of P.R.C, make it more difficult for Chinese firms to go public overseas? Can AIM become the next hot-bed for Chinese firms to go public? What is the real status today of China’s second board market and capital market? Will it be possible in the near future for the Chinese portfolio companies of international PE and VC firms to go directly public on the Chinese stock market? If so, then what strategy changes do the international PE and VC firms that are conducting investment business in China need to make? What do valuations look like today? This session will address these and other issues.

Chairman :
Lucas S.Chang	Partner, Morgan Lewis & Bockius LLP

Speakers:
Jack Chaw	Partner , Audit,KPMG in Hong Kong
Neil Shen	Founding Managing Partner ,Sequoia Capital China
Jane Zhu	Head of Asia Pacific, London Stock Exchange
Pan Kang	Deputy Director, International Listings and head of China Business Development, Euronext
Alexander Graf von Preysing	Stock Market Business Development, Deutsche Börse AG

C1. Innovation of Software Technology on the Horizon (Chaired by Microsoft )

The world is changing very fast, led by technology and innovation. Emerging, and often disruptive, technology presents enormous opportunities for innovation and growth, often exponentially. What is today’s technology trend? What is Web 2.0 as people are talking about everyday? Today the boundaries between software, Internet technology, and media technology are blurring. And the Software + Service model is gaining ground. Microsoft led the technology innovation for the last twenty years. What innovations Microsoft are working hard on today? What does it take for Microsoft to continue to lead in the technology world? How will its Live strategy change its own future as well as the software ecosystem? What is China’s advantage? And finally, what opportunities do all these present to investors and entrepreneurs at China? Your questions will be answered in this session.

Chairman :
Nigel Burton	General Manager, GCR(Greater China Region) DPE(Developer Platform Evangelism), Microsoft Corp.

Speakers:
Dan’l Lewin	Corporate vice president, Strategic and Emerging Business Development
Zhang Ya-Qin	Microsoft Corporate vice president; President, Microsoft China R&D Group
John DiFucci	Senior Managing Director at Bear Stearns & Co., Inc.
Wang Hu	Chairman , Pansoft (Jinan) Co., Ltd.

A2. Entrepreneurship: The entrepreneur and venture capitalist perspectives

The key to success in VC investments is the credibility and integrity of the entrepreneur to whom the investment is made. Not many people in China understand the true spirit of “entrepreneurship,” which not only refers to innovation and starting a new business venture, but also to “the right values, integrity, and social responsibility.” To sustain healthy economic growth – and to further the growth of its VC industry in the long run – China needs to foster more real entrepreneurs, who understand the true spirit of entrepreneurship. In turn, the VC industry should also promote the true spirit of entrepreneurship to foster real entrepreneurs in China. In this session, successful entrepreneurs and venture capitalists will share with the audience their views on and experience of the critical issues that are associated with entrepreneurship and entrepreneurs in China.

Chairman :
He Guojie	Board Chairman, Guangdong Venture Capital Group Co., Ltd.; Director , Guangdong Venture Capital Association.

Speakers:
Kathy Xu	Managing Partner, Capital Today Group
He Guojie	Board Chairman, Guangdong Venture Capital Group Co., Ltd., Director of Guangdong Venture Capital Association
Song Jun	Board Chairman, Tsinghua Holdings Co., Ltd
Deng Feng	Founding Managing Director, Northern Light Venture Capital
David Yuan	Principal and the head , Redpoint China
Hu Chao	President , Beijing Leyou.com Science and Technologies Co., Ltd

B2. International private equity strategies for investing in China’s pre-IPO and other late stage companies

　Many profitable, high-growth Chinese companies have never received VC/PE money before. However, to prepare for and finance major expansion (for example, to go global or expand into major new lines), they may need the support of outside capital and value-added services. These firms may require innovation to add new product lines or to develop state-of-the-art technology to compete in mature, global markets.

Most international private equity funds tend to invest in later-stage businesses that require at least US$10 million. What valuable experience have international PE players in the Chinese market gained in the past few years? Which industries and businesses are most attractive to these private equity funds? What are their investment preferences and strategies? This session will address these and other issues.

Chairman :
Ming Shu	Principal private equity, Henderson Private Capital

Speakers:
Frank K. Tang	Senior Managing Director, Investments & China, Temasek Singapore
Jonathan Zhu	Managing Director, Bain Capital (Asia), Ltd.
Raymond Leung	Director&Head ,Venture Investments HSBC Private Equity Asia Limited
Jim Tsao	Managing Director, CCMP Capital Asia
Joe Tian	Managing Partner , DT Capital Partners
Ron Nechemia	Chairman , EurOrient Financial Group
Wang Charles	Managing Director , Deutsche Bank (Asia)

C2. World LP investment Strategy for China (Chaired by KPMG)

　　How LPs currently view the China market and look at methods by which they can participate within the market. This session will explore the current legislation relating to LP investment in China, What kind of GP would international LP choose as their partners? Successful cases and experience for reference of international LP in choosing their GP partners in China. The session is also intended to allow domestic LPs and GPs increase their understanding of how international LPs operate and determine their allocation to the China market.

Chairman :
Honson To	Partner, Financial Advisory Services & Transaction Services ,KPMG in Shanghai

Speakers:
Jin Haitao	Chairman, Shenzhen Capital Group Co.,Ltd(SCGC) ; Deacon,Shenzhen Ventures Capital Association
Markus Ableitinger	Head , Asian investment management
Kelvin Chan	Senior Vice-President, Partners Group (Alternative Investments Asia-Pacific) Pte Ltd.
Rafael Molano	Partner，Woodside Capital
Vincent Huang	Principal ,Pantheon Capital (Aisa) LTD.

A3. Role transition: The leap from the successful entrepreneur to the successful venture capitalist

　　 China needs more entrepreneurs, but also more venture capitalists. In the past two years, a number of successful, high-profile entrepreneurs have gone into the management of venture capital funds. Why did they change their roles, and have they successfully made the change? Can a successful entrepreneur become a successful venture capitalist? What is the difference between a successful venture capitalist and a successful entrepreneur, and what are the critical elements for success? This session will discuss these and other related questions.

Chairman :
Lui Sunwing	Vice President, HongKong Polytechnic University

Speakers:
Sing Wang	Partner, Texas Pacific Group
Hurst Lin	Senior Partner, DCM Doll Capital Management
Stan Fung	Managing Director, Farsight Ventures
Chen Hong	Chairman & CEO, Hina Group
Tony Tong	Chairman & CEO , PacificNet Inc.
Chen Wufu	Managing member and co-founder , Acorn Campus, Genesis Campus, & iD SoftCapital

B3. M&As, buy-out, mezzanine, and restructuring businesses in China: Policies and legal issues, and operational strategies and processes

　 M&As, buy-outs, mezzanines, and restructuring businesses have seen tremendous development in China in recent years in terms of the number and amount of deals and are now the focus of global attention. A large number of non-listed SOEs, including state-owned banks and other financial institutions, and some under-performing listed firms on the Shanghai and Shenzhen Stock Exchanges need to be restructured. A significant number of private companies are also currently undergoing restructuring. Therefore, there will be tremendous M&A opportunities and potential in China in the coming decade. What business strategies, techniques, and operational models should PE players adopt to conduct M&As and buy-out business in China? What new policies and regulations affect international PE players that want to conduct M&A business in China? What gaps exist in China in comparison with mature overseas markets? What lessons can experienced players share with those who are new to the market? This session looks at the answers to these and other questions.

Chairman :
Li Wanshou	Vice President , ShenZhen Capital Group Co.,LTD

Speakers:
Peter Kung	Senior Partner , KPMG in Shenzhen ;Head ,China Tax ,KPMG in Southern China and Hong KongSAR
JE William	Managing Director , Investment Banking of Macquarie Group
John .A.Caslione	President & CEO, GCS Business Capital, Inc.
Qian Yuhong	Vice President , Keating Asia, Inc.

A4. Life Sciences and Biotech: The latest developments in China and the World

　 The life sciences and biotech industry has been regarded as one of the hottest investment sectors by private equity and venture capital funds in recent years, which can be attributed to its cutting-edge technology, industry cluster scale, and the high return on investment. This sector will become another pillar to sustain China’s economic growth. This session will serve as the premier industry gathering for VC and PE investors to discuss and explore the key opportunities in biotech and life sciences in China and the world, and for China’s corporate executives to gain insight into the current development trends. The audience will have the unique opportunity to hear from leading PE and VC investors, CEOs from emerging biotech and life sciences growth companies, and first-class biotech and life scientists from China and the world. Discussion issues will include, but not be limited to, the biotech and life sciences technology gap between China and the world; investment opportunities in China and their advantages and the disadvantages; the impact of China’s drug policy on biotech investments; innovative models for funding R&D/university spin-offs; and the stem cell initiative and its impact on investments.

Chairman :
Larry Li	Managing Director, DFJ Dragon Fund China

Speakers:
Hui Hsing Ma	Venture Partner , TVM Capital
Zhang Dan	Head , Clinical Development and global Safety Assessment at Sigma-Tau Research Inc.
Mark Pols	Principal and member , Technology Team at Piper Jaffary
Tony Chen	Partner, JONES DAY Shanghai/San Diego
Ruola Ning	President&Chief technical officer&CEO , Koning Corporation (USA)
Jimmy Wei	Deputy General Manger, Burrill Greater China Group (BGC)

B4. International PE &VCs in China: opportunities versus challenges; success versus failure

　 The globalization of private equity and venture capital has become an integral part of international economic integration. How does private equity and venture capital flow among different countries and regions? Which areas of PE and VC will have the largest impact on China? How do global PE and VC investors look at China, and what are their investment strategies and models? What new industries and technological trends do international PE and VC funds focus on in China? What challenges and failures have they experienced in previous years in China? What are the critical factors for the success of these funds in China? How can they leverage change and technology in China for success? What differentiates markets and investment opportunities in China’s different regions? What types of governance structures, profit models, and management teams are more appealing to venture capital? How can we construct a unique Chinese business model to win the opportunity to cooperate with global financial institutions in asset and wealth management? These and other issues will be discussed in this session.

Chairman :
Steven Kwok	Managing Director, Orchid Asia Group Management Co., Ltd.

Speakers:
Brian Chiang	Managing Director, USA/China, Walden International
Steven Kwok	Managing Director, Orchid Asia Group Management Co., Ltd.
Conrad Tsang	Principal , Baring Private Equity Asia, CFA
Dominic McGlinchey	Co-founding partner, Epiven
Peter Lee	Executive Director, NIF SMBC Ventures (Asia)
Wang Chunqi	Vice president, First Eastern Investment Group
Jiang Xiaodong	Principal & Senior Vice President, China, New Enterprise Associates

A5. Clean-Tech and New Energy: Are they the next gold mine for international PE investors in China?

　China has achieved an economic miracle in the past 25 years with an average annual GDP growth rate of more than 9%. This miracle has come at a painful price, however: the whole of China is suffering from huge environmental and ecological problems, which, it has been estimated, cost the economy more than RMB 1 trillion per year. At the same time, China’s fast pace of economic growth requires a huge amount of energy, which has created two further problems: it has made the world’s energy market more intense and expensive and worsened environmental conditions. Therefore, the application of clean-tech to environment protection and the search for new sources of energy have become national strategies for China. Will clean-tech and the development of new sources of energy become some of the hottest areas of investment and technology to be embraced by the private equity and venture capital community in China? Are there policies and regulations in China that favor investment in clean-tech and new energy sources? What relevant global technologies can be applied in China? This session will discuss these questions and the industry’s current status, investment opportunities, and the advantages and disadvantages of China’s clean-tech industry and the development of new sources of energy.

Chairman :
Wang Xiaobin	Chairman ,Power Capital Co., Ltd

Speakers:
Martin Haemmig	Professor, Center for Technology and Innovation Management（CeTIM）, UniBW Munich of Germany and at Leiden University of the Netherlands
Ye Dong	President and CEO, Tsinghua Venture Capital
Rochester Fan	President of Prucusa venture Capital ; Principal Analyst of Power Partner Institute
Martin Bloom	Chairman, ReneSola
Andrew Gaule	Founder , H-I Network
Paul Hickey	CEO ,Hickey Turner Capital

B5.Venture capital investment strategies in China’s start-ups: experience sharing and case studies　

　The Chinese M&A market has seen tremendous development in recent years in terms of numbers and amounts, making itself the center of global attention. With the deepening of the modern economy, to be acquired by a large business has become an important exit for venture capital as well as an effective means of making start-ups big and strong. What is the strategy, technique, and process for M&A? What is China’s policy and legal environment? Where is the gap compared with overseas mature markets? Speakers from world-renowned investment banks, lawyer’s firms, accounting firms, and investment institutions will share with us their valuable experience.

Chairman :
Zhao Changwen	Vice President, SiChuan University

Speakers:
Richard Chang	Managing Partner ,iD TechVentures
Vincent Chun-Hung Chan	Managing Director in North Asia, JAFCO Asia Forrest Zhong Managing Director and General Partner , TDF Capital LLC
Sonny Wu	Founder & Managing Director, GSR Ventures
Zhu Fang	Managing Director , Tsinghua Leaguer Venture Capital Company (TLCV)
Eric Tao	Investment manager, QUALCOMM Ventures

4:00pm – 6:00pm, April 14, 2007 Saturday
Closing plenary session (800+ attendees)
The marriage of imaginative entertainment industry leaders and creative venture capitalists: The way forward　

In the interests of openness and reform, the Chinese government has promulgated interim provisions to promote foreign investment in the television and film industries. Accompanying the swift improvement in the living standards of the Chinese is a huge demand for good television programs and films. However, there is a huge gap between the demand for and supply of good programs. This plenary session will discuss and explore investment opportunities for private equity and venture capital investors in China’s television and film industries. Potential challenges, opportunities, policy obstacles, and operational matters will be fully discussed. In addition, guest speakers, including film producers, directors, and actors and actresses, will share with the audience their valuable experience of producing films and TV programs. This will be a relaxed and enjoyable session.

Chairman :
Chen Gongmeng	Managing Director , China Venture Capital Research Institute

Speakers:
Zhang Fan	Founder and Managing Partner ,Sequoia Capital China
Jin Yuanpu	Professor, School of Liberal Arts, Renmin University of China Bao Fan Founder and CEO , China Renaissance
Bao Fan	Founder and CEO , China Renaissance
Chen Zheng	CEO& Executive Director, Global Digital Creations Holding Ltd.
Robert Woll	Partner, Wilmer Cutler Pickering Hale and Dorr LLP

Note:The Organizing Committee reserves the rights to make revisions on the program.