Co-organizerㄩ

Supporting Organizationㄩ
Timeㄩ9:00am - 12:00pm., Thursday, April 26, 2012
VenueㄩConference Center,21/F Edinburgh Tower, 15 Queen's Road, Central, Hong Kong (Map)
Participation FeeㄩBy Invitation and Free to CVCA Members
LanguageㄩEnglish
CVCA associated with OMM released the "RMB Funds vs. USD Funds: Limited Partnership Agreement Benchmarking Report 2011", which is based on the survey CVCA conducted with the general partners of limited partnership VC/PE funds, and analyzes similarities and differences between RMB funds and USD funds, as well as developing trends.

At this upcoming seminar, CVCA will share the key findings of the survey, and will also invite professionals, LP s and relevant experts to share their ideas and opinions on the overview and outlook to China's PE market in 2012, the fund-raising trends and the hybrid development and comparison of RMB funds and USD funds, and the impact of LPA's latest developments on fund formation and structure.

﹛﹛﹛﹛Agendaㄩ
08:30 - 09:00 Registration / Networking Tea Time
09:00 每 09:05 Welcome and Opening Remarks
09:05 每 09:30 Limited Partnership Agreement Benchmarking: the Comparison of RMB Funds & USD Funds
Queenie You Senior Research Manager, CVCA
09:30 每 10:40 Presentations on Fund Formation and Fund Terms
  • Review and Outlook: the development of the industry in China
  • The evolution of RMB funds environment
  • The important role of limited partnership agreement in fund structure and LP-GP relationships
  • Specific analysis on key terms of limited partnership agreement
Lynn CHAN Counsel, O'Melveny & Myers LLP
Elaine ZHANG Counsel, O'Melveny & Myers LLP
10:40 每 11:00 Presentation on RMB Funds Vs. USD Funds: Taxation Updates
Jeremy Ngai Partner, China Tax and Business Advisory Service Division of PricewaterhouseCoopers Zhong Tian CPAs Ltd
11:00 每 12:00 Panel Discussion:
  • What are the differences and similarities between RMB and USD fund agreement terms? What are the developing trends?
  • What has changed in terms of RMB fund structures? What are the effects of QFLP, cross-border RMB direct investments, and other new policies on fund structures?
  • The state of the fundraising environment. What are the developing trends?
  • How does investor relations management of RMB funds differ from that of USD funds? How do LPs handle their agreed-upon position with the fund?
  • What are the advantages and disadvantages of the introduction of placement agencies? How are placement agency fees charged and how is reasonability assessed?
Moderator:
Xuan ZHANG Counsel, O'Melveny & Myers LLP
Panelists:
Conrad YAN Partner, Campbell Lutyens Asia Pacific Ltd
David LIN Head of Fund Investing, GoldStone Investment Co.
Larry SUSSMAN Partner, O'Melveny & Myers LLP
Lucian WU Managing Director, Paul Capital Advisors Hong Kong Ltd
Shirley XIE Partner, Private Equity Group of PricewaterhouseCoopers Zhong Tian CPAs Ltd
The above agenda is subject to change. CVCA will notify you of any updates in the program.
Seats are limited. Please make an early reservation. Registration on site is not available.
Enquiry contact
Ms. Sun Ning
China Venture Capital and Private Equity Association
TEL: 86 -10 - 8518 3584 * 816
Fax: 86 -10 - 8515 0835
Email: ning@cvca.org.cn

About China Venture Capital and Private Equity Association (CVCA)

The China Venture Capital and Private Equity Association ("CVCA"), incorporated in the middle of year 2002 in Hong Kong, is a member-based trade organization established to promote the interest and the development of venture capital ("VC") and private equity ("PE") industry in the Greater China Region. Currently CVCA has more than 150 member firms, which collectively manage over US$500 billion in VC/PE funds. CVCA members have long and rich experience in VC/PE investing worldwide and have made many successful investments in fast-growing China enterprises of various industries.

To better demonstrate CVCA's member composition and to represent the private equity members in the Greater China region, in November, 2010, China Venture Capital Association officially announced to rename itself as China Venture Capital and Private Equity Association, although its abbreviation and logo will remain unchanged as CVCA.

More information about CVCA, please visit www.cvca.org.cn

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