http://gov.finance.sina.com.cn/chanquan/nz/2009pebj/index.shtml
http://business.sohu.com/s2009/3553/s267296536/
Following the successful holding of the 2008 Global PE Beijing Forum, the 2009 Global PE Beijing Forum was held at China World Hotel Nov.8-9, 2009, jointly sponsored by Beijing Municipal Bureau of Financial Work, China Private Equity Association (CPEA), Beijing Private Equity Association (BPEA), and Emerging Markets Private Equity Association (EMPEA).
Liu Zhi, deputy secretary of Beijing Municipal Government, chaired the opening ceremony of the forum, and Li Xiaohong, secretary-general of Beijing Municipal Government delivered a speech. Shao Bingren, preparatory group leader of CPEA, Li Yang, vice president of the Chinese Academy of Social Sciences, and Roger Leeds, chairman of EMPEA delivered keynote speeches.
Centering on China's PE in the backdrop of the financial crisis, and in the major forms of keynote speeches, parallel forums, and on-site dialogue, the forum covered in-depth communication and exchange on such issues as the supervision and self-discipline under the new financial structure; development and mutual relationships in China between RMB funds and funds in foreign currencies; global strategy of Chinese capital; the exit environment of China's capital market; and the role of PE in economic restructuring, and other issues of the common concern of the industry, erecting a positive and efficient dialogue platform for PE intuitions at home and abroad. More than 750 domestic and foreign entrepreneurs and PE-related people attended the forum.
In addition to keynote speeches, Wu Xiaoling, Vice Chairman of Financial and Economic Affairs Committee of NPC, Wang Zhongmin, vice chairman of the National Council for Social Security Fund, Xu Lin, director general of Finance Department of National Development and Reform Commission, Qi Bin, director of Research Center of CSRC, Deng Zhixiong, deputy director general of the Equity Management Bureau of SASAC under the State Council, Wang Guogang, deputy director of the Financial Research Institute of Chinese Academy of Social Sciences, He Xuewen, party secretary of Beijing Municipal Bureau of Financial Work, and other comrades shared their valuable experience and highlights with heads of such international well-known PE organizations as BPEA, EMPEA, British Venture Capital Association (BVCA), European Private Equity and Venture Capital Association (EVCA), China Venture Capital Association (CVCA), and global PE leaders including Fang Fenglei, Zhao Linghuan, Wu Shangzhi, Jin Liqun, Yi Xiqun, Tian Shuning, Zhang Yichen, Jin Haitao, Shen Nanpeng, Liu Hui, Liu Yuefei, Chang Zhenming, Xiong Yan, He Xiaofeng, Guo Zide, Shan Xiangshuang, Zheng Changxing, Yao Hua , Tian Lixin, Li Li, Cai Lingyi, Lin Dongliang, and Roger Leeds, president of EMPEA, David M. Rubenstein, founder of The Carlyle Group, Joncarlo Mark of CalPERS, Patricia Dinneen, Managing Director of Siguler Guff, Wang Sheng, partner of Actis, Steve Wu, executive partner of Aureos Capital, Carolyn Campbell, Managing Director of Cleantech Group Nicholas Parker, ECP, and Chris Mccabe, co-chairman of Piper Jaffray.
Private equity fund is one of the most important means to solve the direct financing difficulties of SMEs, and an important means to optimize the allocation of resources on the capital market. According to incomplete statistics, there are currently nearly 5000 companies (institutions) engaged in private equity business at present in China in the forms of fund companies, fund management companies, investment companies, investment management companies, innovation investment companies, venture capital, high-tech investment companies, investment consulting companies, investment service centers, with investments amounting to $100 billion, which play a positive role in promoting enterprise M&A, expanding capital in cash of SMEs, and improving financial market, and other aspects. Among the first 28 enterprises listed on GEM board, 23 are backed up by PE investment. It can be learned that private equity plays an important strategic role in the sound development of China’s financial market and even the national economy as a whole.
Firstly, private equity is beneficial to break the financing bottleneck of SMEs, optimize the national overall industrial structure, promote employment growth, and facilitates social harmony.
Secondly, the development of private equity is the need for the development of innovative country, and also the requirement for realizing the integration and reorganization of the industrial resources, improving utilization of resources, and striving to be dominant in industrial reorganization;
Thirdly, the development of private equity is the need for improving China’s financial system and fully displaying the roles of financial elements, and also the requirement for promoting the sustainable and sound development of the securities market.
Fourthly, private equity is conductive to distract financial risks and form diversified investment channels.
The forum believes that to stabilize the economy, and to enable the world economy including China to get rid of the impact of the financial crisis as soon as possible, more social funds shall be allowed to invest in private equity funds; industrial regulation shall be strengthened duly in the new financial structure, and the industrial association shall be given to its full play in the development of the industry; efforts shall be made to sum up the experiences and lessons in the process of the development of the capital market to promote the innovation of the capital market system and mechanism, expand direct financing channels for SMEs in China, enrich financial investment instruments, increase capital efficiency, so as to play its role in alleviating the impact of the financial crisis on the economy development and improving the sound economic development.
Full-text links to the guests’ viewpoints:
Li Xiaohong: Encourage the development of equity funds in Beijing
http://www.bpea.net.cn/article//zjsd/200911/20091100014206.shtml
Li Yang: China's urgent need to develop PE industry
http://www.bpea.net.cn/article//zjsd/200911/20091100014237.shtml
Roger Leeds: Look to the prospects of China's PE
http://www.bpea.net.cn/article//zjsd/200911/20091100014238.shtml
Shao Bingren: China's economic development and PE funds
http://www.bpea.net.cn/article//zjsd/200911/20091100014207.shtml
2009 Global PE Beijing Forum: China’s PE in the backdrop of the financial crisis
http://www.bpea.net.cn/article/zjsd/200911/20091100014265.shtml
2009 Global PE Beijing Forum: LP and GP dialogue
http://www.bpea.net.cn/article//zjsd/200911/20091100014240.shtml
2009 Global PE Beijing Forum: Supervision and self-regulation under the new financial structure
http://www.bpea.net.cn/article//zjsd/200911/20091100014259.shtml
2009 Global PE Beijing Forum: Exploration of the advantageous industries for PE investment in China
http://www.bpea.net.cn/article//zjsd/200911/20091100014257.shtml
2009 Global PE Beijing Forum: Development and relationship between funds in RMB and foreign currencies
http://www.bpea.net.cn/article//zjsd/200911/20091100014239.shtml
2009 Global PE Beijing Forum: Global strategy of China's capital
http://www.bpea.net.cn/article//zjsd/200911/20091100014254.shtml
2009 Global PE Beijing Forum: Exit environment for investments in China's PE market
http://www.bpea.net.cn/article//zjsd/200911/20091100014248.shtml
2009 Global PE Beijing Forum: Role of PE in the economic structural adjustment