Programme Day 1

Day 1 | Day 2

  • 08:15

    Registration and refreshments

  • 08:50

    Welcome address

  • 09:00

    Keynote panel: Private equity as a catalyst for growth

    As the dark clouds of economic uncertainty loom on the horizon, private equity will need to become more than just a source of capital. With its track record of building better companies and navigating them through economic cycles, private equity investors are the ideal partners for sustained growth. In fact, many in the industry has transcended those characteristics to also be the beacon for responsible and sustainable investing. Our panel of industry leaders showcase successful examples, discuss failures and share best practices for the future.

    • What is the role of private equity in the domestic and global economy?
    • How can private equity create better companies that stand the test of the times?
    • Are Chinese GPs ready for the upcoming opportunities and challenges?
    • How to work with entrepreneurs/CEOs, co-investors, LPs and government officials to create win-win situations?

      Moderated by: Zhan Yang, Principal, COLLER CAPITAL
      Panelists:
      Wanlin Liu, Managing Director, THE CARLYLE GROUP
      David Wong, Partner, PAG
      Eric Xin, Senior Managing Director and Managing Partner, CITIC CAPITAL
      Paul Yang, Member & CEO of Greater China, KKR

  • 10:00

    LP interview

    Moderated by: Sally Shan, Managing Director, HARBOURVEST PARTNERS
    Panelists:
    Xiangming Fang, Deputy General Manager, CCT FUND MANAGEMENT COMPANY LIMITED
    Lili Zheng, Executive Director, Fund Investments, PING AN INSURANCE (GROUP) COMPANY OF CHINA

  • 10:30

    Networking break

  • 10:50

    Chinese private equity: finding opportunities in a shifting landscape

    Chinese private equity is at a turning point. Domestic growth and consumer spending slowdown, government’s efforts on corporate deleveraging leading to tighter liquidity, all act to cool the market. Cashed-up investors, though, see this as a good time to invest in economic shifts, corporate restructuring, industry transformation and moderated valuations. A group of China experts discuss:

    • Where can managers find growth in today’s market? What are the new opportunities?
    • Are we expecting more corporate carve-out deals as the result of corporate deleveraging?
    • How has the shake up of RMB fund market impacted investment landscape?  
    • What are the best practices to evaluate risks under current investment climate?

      Moderated by: Paul Liu, Founder and CEO, HUISHENG CONSULTING
      Panelists:
      Linda Cai, Partner, LOYAL VALLEY CAPITAL
      Jing Hong, Founding Partner, GAOCHENG CAPITAL
      Tony Jiang, Co-Founder and Partner, OCEAN LINK
      Jim Tsao, Chairman and Head of China, PERMIRA ADVISERS CHINA LIMITED
      Jessie Yan, Director, LUNAR

  • 11:45

    Chinese healthcare: the promise remains

    Despite overpriced assets, excessive capital, breakneck investment pace and unrealized exits, China’s healthcare sector remains a top focus among investors of all stages and types. The fundamentals supporting growth remain unchanged, and investors have dug deeper in sourcing targets across sub-segments, created products/services that better suit the Chinese market, and employed novel strategies for value creation. Our sector specialists discuss:

    • Is Chinese healthcare overheated? What are the new drivers?
    • Where are the most attractive targets in devices, services and pharmaceuticals?
    • How is escalating trade tension affecting cross-border deals?
    • How are successful GPs exiting their investments? How have the incentives for listing in HK and China affected IPOs as an exit route?

      Moderated by: Jenny Yao, Partner / Head of Healthcare, KPMG
      Panelists:
      James Ieong, CEO and Managing Partner, PAGODA CAPITAL PARTNERS
      Richard Lu, Managing Director, SDIC FUND MANAGEMENT
      Jonathan Wang, Partner, ORBIMED; Founding Partner, ORBIMED ASIA
      Steven Wang, Managing and Founding Partner, HIGHLIGHT CAPITAL

  • 12:30

    Networking lunch

  • 13:20

    Plenary address

    Brian Gu, Vice Chairman and President, XPENG MOTORS

  • 13:50

    Nurturing responsible investing in China: Key drivers, opportunities and challenges

    Political pressure and environmental events coupled with the growing demands from international LPs have raised the awareness of responsible investing in private equity in China. Despite slow implementation, with the growing need for solutions to water shortage, climate change, energy efficiency and food safety, the opportunity to grow responsible investments into profitable investments is real. Our group of seasoned investors discuss:

    • What are some regulations, policy drivers, and best practices that different countries have adopted and what do these mean for China?
    • Where do you see the most attractive opportunities?
    • How do successful fund managers integrate ESG strategies into their investments to maximize value and impact?
    • What are the top five ESG considerations that LPs look for when evaluating a GP?

      Moderated by: Natasha Buckley, Investment Practices Senior Manager - Private Equity, PRINCIPLES FOR RESPONSIBLE INVESTMENT (PRI)
      Panelists:
      Jiang Bao, Deputy Director, NATIONAL COUNCIL FOR SOCIAL SECURITY FUND (NSSF)
      Frankie Fang, Managing Partner, STARQUEST CAPITAL
      Jun Ma, Director of the Center for Finance and Development, TSINGHUA NATIONAL INSTITUTE OF FINANCIAL RESEARCH
      Vivian Zheng, Partner, ADVANTAGE PARTNERS
  • 14:45

    China Venture Capital: The golden age

    2018 has been a fruitful year for Chinese venture capital: for the first time, Chinese start-ups have outpaced US peers in VC investment volume. More investors are joining the VC party – from angel funds to PE/VC and international corporate venture arms – and banking on Chinese entrepreneurs for the next game-changing innovations. Will the golden age continue, or peak? Our tech-savvy investors consider:

    • Where are the most exciting innovations and entrepreneurs?
    • How is the retreat of renminbi funding reshaping the market?
    • How do VCs consider mid/growth/expansion-stage opportunities?  
    • Are China-driven cross-border deals a permanent feature of the landscape or a temporary trend?

      Moderated by: Xun Zeng, Partner, COOLEY LLP
      Panelists:
      Jeffrey Chi, Vice Chairman – Asia, VICKERS VENTURE PARTNERS
      Herry Han, Founding Partner, LIGHTSPEED CHINA PARTNERS
      Yiran Liu, Partner, VISION PLUS CAPITAL
      Bin Yue, Founding Partner, GAORONG CAPITAL
  • 15:30

    Networking break

  • 15:50

    Plenary address

    Bill Sacher, Partner & Head of Private Credit, New York, ADAMS STREET PARTNERS

  • 16:10

    The rise of corporate investors

    The role of Chinese corporate investors, including SOEs, private conglomerates and unicorns, has changed significantly. From private equity beneficiaries in their infancy, to strong partners in co-investments and exits, these companies have grown into leading enterprises. Now many have created dedicated investment platforms and sector-focused funds leveraging their industry expertise. How will this trend impact the evolution of Chinese private equity? Our panel of corporate investors and corporate spinout funds evaluate the opportunities and challenges ahead.

    • Are corporate investors more strategic or financially focused, and what are their investment approaches?
    • How different are corporate investors from GPs in operational value creation, deal selection and exits?
    • How are these up-and-coming managers gaining traction from LPs?
    • Where do corporate investors / spin-out managers fit in the PE ecosystem? Can they be synergistic instead of competitive?

      Moderated by: Tim Burroughs, Managing Editor, ASIAN VENTURE CAPITAL JOURNAL
      Panelists:
      Victor Ai, Managing Director, CHINA EVERBRIGHT LIMITED
      Stephen Dai, Executive Director, Innovative Consumption & Services Investment Dept., LEGEND HOLDINGS
      Fred Fei, Managing Director, SAIC CAPITAL
      Sandy Xu, CEO and Founding Managing Director, MYRTUS CAPITAL
  • 16:55

    China late-stage tech bubble: is the end coming?

    From SoftBank’s Vision Fund and SWFs to traditional PE firms, large-cap investors continue to invest in technology. Bigger funds are raised, capital focuses on a few deals, valuations are pushed even higher, while more and more enterprises are pushed into high growth without a solid operating history. As the economy slows and exits close, how much further can investors and unicorns go? Our panel of tech experts delve deep into the market.

    • Are the unicorns dying?
    • Are large, highly visible deals distorting the landscape?
    • How should investors evaluate and justify valuations?
    • Will Shanghai's new technology and innovation board enable easier exits?

      Moderated by: Henry Yin, Partner, COOLEY LLP
      Panelists:
      Eric Chan, Managing Director, JP MORGAN ASSET MANAGEMENT
      Esther Wong, Managing Director, SENSETIME
      Richard Zhang, Chief Investment and Financing Officer, Full Truck ALLIANCEYES
      Leo Zheng, Founder and CEO, LIGHTHOUSE CAPITAL
      Jacqueline Zhang, Executive Director, HOPU INVESTMENTS
  • 17:45

    Networking cocktails