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Weijian Shan, Chairman and CEO, PAG
Growing tension and the unresolved China-US trade war has led to a sluggish start for Chinese M&A activity in 2019. Nevertheless, these uncertainties have created new drivers for M&As, with resilient investors seeking new markets for growth and refocusing on domestic opportunities that have been buoyed by corporate restructuring and industry transformation under the new economic growth model. Our panel of senior dealmakers delve into the current landscape and offer insights for the future.
Moderated by: Yiqing Wang, China Editor, Mergermarket, ACURIS
Bagrin Angelov, Head of China Cross-border M&A, Executive Director, CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED
Frank Jin, Executive Director, Asia-Pacific Mergers & Acquisitions, MORGAN STANLEY
Raghu Narain, Head of Investment Banking, NATIXIS APAC
Lei Yang, Head of International Investment Business, HUATAI SECURITIES
Led by the US and Europe, governments have tightened their scrutiny of foreign investors, sighting potential national security risks as a key concern. New regulations and screening processes are much more rigorous and time consuming for acquirers. As such, it is important for companies to understand the ramifications of these changes and prepare for continually evolving regulatory challenges. Our professionals discuss:
Moderated by: Alastair Mordaunt, Partner, FRESHFIELDS BRUCKHAUS DERINGER
Catherine Fan, Partner & Managing Director, SAILING CAPITAL
Raymond Goh, Group General Counsel, International, CHINA TRAVEL SERVICE (HOLDINGS) HONG KONG LIMITED
Henriette Peucker, Partner, HERING SCHUPPENER /FINSBURY
Hong Qiu, Managing Director and Chief Operating Officer, Greater China, LAZARD
Pushed by domestic slowdown, government pressure to deleverage, and SOE reform, Chinese corporates have begun divesting their non-core assets. Meanwhile, as unresolved trade tensions add to rising operational costs and fierce local competition, MNCs are in partial or full exit mode. The result? Plentiful quality assets at attractive valuations. However, accurate evaluation and swift completion is never easy. Our panellists discuss the opportunities.
Moderated by: Violet Ho, Senior Managing Director and Head of Greater China, Business Intelligence and Investigations, KROLL
Honghui Cao, Deputy Director General Research & Development, CHINA DEVELOPMENT BANK
Cliff Chau, Partner, Chief Financial Officer, Co-Chief Operating Officer, Head of Healthcare Investments, HOPU INVESTMENTS
Barry Chen, Managing Director/ Partner in Charge, INTERCHINA PARTNERS
Derek Wang, Managing Director, CITIC CAPITAL
Our experts give an in-depth look at the reality of doing M&A, sharing the ultimate perspective on buying and selling companies – why they do it, issues involved, what makes for a successful deal (and what does not), and post-acquisition planning and execution.
Moderated by: Barry Chen, Managing Director/ Partner in Charge, INTERCHINA PARTNERS
Aping Chen, Senior Director and Secretary to Board of Directors, BAOSTEEL METAL CO. LTD
Carl Peng, Assistant to President and General Manager of International Department, FOSUN PHARMA
Chinese companies are becoming more ambitious in their expansion across Asia; from OBOR synergies in Central Asia to consumer-related opportunities in Southeast Asia and access to quality products and technologies in North Asia. However, entering these markets, especially in emerging economies, requires good local partners and thorough risk assessment. Our experts showcase the attractive prospects and sectors that best fit Chinese strategic investors, as well as explain how to successfully penetrate these markets.
Moderated by: Victor Chen, Partner and Associate Director, BCG GREATER CHINA
Michael Collins, Managing Director, PRIMAVERA CAPITAL GROUP
Shengyan Fan, Managing Director, M&A Department, CHINA EVERBRIGHT LIMITED
Hanji Huang, Partner & Head of Greater China, L CATTERTON ASIA
Gian-Marc Widmer, Director and Head of International M&A, CITIC SECURITIES CO., LTD.
As deal complexity increases due to unstable political developments, tightened regulatory reviews, and deepened cross-cultural misunderstanding, corporates are finding value working alongside private equity in M&A. Despite the differences in expectations, nimble private equity investors are able to successfully navigate the obstacles and achieve the desired outcomes of their acquisitions. Our panel of seasoned fund managers and corporate decision makers discuss how this relationship has evolved.
Moderated by: Charles Ching, Managing Partner, China, WEIL
Alex Lee, Managing Director, BARING PRIVATE EQUITY ASIA
Andrew Huang, Managing Director, Co-Head of Consumer, Media & Technology, FOUNTAINVEST PARTNERS (ASIA) LIMITED
Anne Wang, Partner, CATHAY CAPITAL
Xiaolin Zheng, Strategic Investment Director, JD.COM
Despite talk of a growth slowdown, China’s consumer market remains a hot prospect—driven by a burgeoning middleclass from lower-tier cities, consumers’ behavioural changes, and an increasing awareness about health and wellness. With domestic companies wanting to capitalise in this market, foreign entrants are looking to offer new products and technologies. Our panel of international and local experts highlight the strategies that can best access China consumer opportunities.
Moderated by: Kelly Pu, Partner, BAIN & COMPANY
Peter Adams, Partner, VERMILION PARTNERS
Stanford Lin, Head of Strategy & Business Development, NESTLÉ (CHINA) LTD.
Bin Shen, Managing Director, LUNAR
Victor Shen, Chief Legal Officer, HENKEL GREATER CHINA & KOREA; Executive Committee Member, HENKEL GREATER CHINA
In recent years, it has become harder for Chinese companies to acquire Western technologies in order to advance their tech competency. In response, the Chinese government, as well as the private sector, has been nurturing homegrown innovation by offering tax incentives to hi-tech industries, supporting the development of startups, and launching initiatives such as the Shanghai Technology Innovation Board. It is hoped that this will create even stronger world-class companies and help China build its own tech capabilities. How will this reshape the M&A landscape? Our tech-savvy investors predict what might happen next.
Moderated by: Simon Tsang, Managing Director, DUFF & PHELPS
Sean (Xiang) Cai, Managing Director, SENSETIME AI FUND
Herry Han, Founding Partner, LIGHTSPEED CHINA PARTNERS
Nathan Yu, Managing Partner, NIO CAPITAL
Michael Zhang, Managing Partner, SBCVC