How are current trade restrictions between the US and China shaping the business environment in China? What will the next year look like for world trade and how will it impact the global economy? Is China’s global position being challenged?

How are trade disputes, Brexit and recent regulatory changes in China impacting PE and VC? Where are the investment opportunities to be found? Are there visible changes to capital flows and deals? What does it take to be a successful private equity firm in the current environment?

How has international LP perception of risk vs return in China changed over the past 5 years? Where does China fit within LP global portfolios – is exposure increasing or decreasing? Which strategies are attracting the most capital? What can Chinese investors learn from international LPs?

To what extent is China creating new technologies vs building on technologies from other countries? How is China developing and commercialising its own innovations? What are the risks and opportunities for investors? How big can China’s “Silicon Valley” get over the next 5 years?

Part 1: Keynote address: Belt and Road and AI 2025

How can the government promote the use of RMB and help Chinese internet companies grow in new markets by leveraging their experiences of the Chinese market? How can the initiative support further growth despite the ongoing US trade protectionism?

Which sectors are attracting the most VC investment? How are VCs spotting unicorn opportunities in a highly competitive market? Has the market peaked?

How big is the buyout market? Which sectors are attracting investments? Who are the active managers? How does it compare to the rest of Asia?

Inhouse processes, reporting, capabilities, business model, potential regulatory issues

Is there enough quality deal flow? How can investments be leveraged in China? What are the differences between Chinese and US buyouts? How easy is it to find management talent to run these businesses?

Are high valuations justified? Are there too many funds being raised? How are LPs finding the next top performing VC funds in a competitive market and are some funds over-promising?

Operational expertise, geo expansion, digitisation, improved efficiency, exit planning.

How have PE and VC funds performed relative to other markets? How much of capital is being raised? Which sectors, strategies, and deal sizes are attracting the most investment? What are the correlations between China VC returns vs US VC returns?

Engaged Conversations

LP-Only: Qing II-III

Why LPs do not prefer GPs having both RMB and USD funds but tolerate it anyway? What LPs think about cross fund investment teams and funds getting too large?