Beijing Private Equity Association vice chairmen Tian Suning, Zhao Linghuan and Xiong Yan (concurrent Secretary-General) and Beijing Financial Office director Ren Xuedan introduced the background and preparation of the Forum and exchanged opinions with reporters on the international financial situation confronted by the PE industry and this industry’s development in Beijing at the news release. EMPEA sent congratulation message to wish a successful forum. More than 40 news media from home and abroad attended the news release.
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Global PE associations gather in Beijing
Upon the approval of the People’s Government of Beijing Municipality, Beijing Global PE Forum sponsored by Beijing Financial Office, China Equity Investment Fund Association (under preparation), Beijing Private Equity Association and Emerging Markets Private Equity Association (EMPEA) will be held in Beijing Shangri-La Hotel on November 9-10, 2008.
The People’s Government of Beijing Municipality, Beijing Financial Office and other related institutions attached great importance to the Forum. Leaders of Beijing Municipality, Financial and Economic Committee of the National People's Congress, National Development and Reform Commission, Ministry of Commerce and other organizations will be invited to attend. Directors of China Equity Investment Fund Association (under preparation), Beijing Private Equity Association, European Venture Capital Association (EVCA), American Venture Capital Association (AVCA), British Venture Capital Association (BVCA), EMPEA and other international noted PE societies swarmed to the Forum. Renowned investment bankers and scholars from home and abroad will share their experiences and academic views on PE development environment, LP’s structure, GP’s organization mode, financial crisis’ influence to PE and other specialties with the participants. About 400 entrepreneurs from PE-related and other industries also registered for participation.
Aiming at establishing an active and efficient dialogue platform for PE institutions home and abroad and promoting the development of China’s PE industry, the Forum will carry out in-depth communications and exchanges centering on the themes of “PE’s contribution to China’s economic development” and “International financial situation’s influence to the development of PE” with keynote speeches, parallel forums and direct dialogues as the main modes.
In the future, Beijing will further integrate various resources according to the plan, regularly hold Beijing Global PE Forum and organize more extensive, profound and efficient exchanges and cooperation through the Forum. The sponsors intend to forge the Forum into one of the high-end PE activities in the world and contribute to the development of China’s PE industry.
Beijing Private Equity Association Vice Chairman and Secretary-General and China Beijing Exchange President Xiong Yan
——Background of Beijing Global PE Forum
1. A brief introduction to Beijing Private Equity Association
In recent years, China has kept a stable economy growth. The high growth of China’s market attracted a lot of foreign private equity funds, making China a country with the most rapid private equity increase in the world. Meanwhile, with the growth of China’s private capital and the continuous improvement of relevant policies and regulations, RMB-based private equity funds also are flourishing.
In order to establish the self-discipline and supervision mechanism in the industry, strengthen the communications between the practitioners and the supervision institution, improve the quality of the practitioners, safeguard the practitioners’ legal benefits and rights, enhance the exchanges and cooperation of PE practitioners from home and abroad and further promote the development of China’s equity investment industry, Beijing Private Equity Association (BPEA) was officially established on June 20, 2008 with the concern and support of the People’s Government of Beijing. Executive Vice Mayor Ji Lin attended the establishment conference and delivered a speech.
BPEA has run smoothly since its establishment three months ago. It rented and decorated a 1000sqm office in 6F, Tower B, Tongtai Mansion, 33# Financial Street, Xicheng District. Its portal website www.bpea.net.cn was established and open to public. A PE Special was issued. It also organized seminars to promote the launch of industrial policies and regulations. In addition, it provided business consulting and relevant services to 36 fund and fund management companies planned to register in Beijing.
BPEA has a service center engaged in providing various private equity institutions with services including business consulting, rapid registration, business secretary, virtual office, registration and filing, conferences and trainings etc.
Moreover, BPEA, as the preparation group for China Equity Investment Fund Association (CEIFA), initiated the preparative work completely, laying a sound foundation for the founding of CEIFA as early as possible.
2. International financial situation
This year, a global financial crisis ignited by the American subprime broke out and rapidly influenced Europe and the whole world, bringing unprecedented attacks to global financial industry. Although China’s financial industry did not suffer direct attacks similar to those in Europe and America, it is inevitable for the country to confront unprecedented tests against the backdrop of a developing economic globalization. How to live through the once-a-century financial crisis is a serious and unavoidable issue to each PE institution. How to stand tests, grasp opportunities and obtain development is a question to be considered and answered by China’s PE industry.
Against such an international backdrop, Beijing Financial Office, China Equity Investment Fund Association (under preparation) and Emerging Markets Private Equity Association (EMPEA) jointly held the Forum. CEIFA preparation group leader Shao Bingren hosted the opening ceremony. China PE industry leaders Fang Fenglei, Yi Xiqun, Wu Shangzhi, Tian Suning, Zhao Linghuan, Zhang Yichen, Guo Zide, Jin Haitao, Lin Xianghong, Lu Houjun, international renowned investment bank KKR’s founding partner, Apax global CEO, EVCA president, AVCA chairperson, Canada largest pension management institution OMERS’ managing director, California public pension investment director, Fund of Funds’ member AlpInvest’s partner, Actis managing director, Global Environment Facility’s CEO, 3i Asia managing director and other noted people from home and abroad will share their valuable experiences and viewpoints with the participants.