8th Annual VC/PE CFO Conference in 2017, Beijing China
Eighth China Venture Capital and Private Equity CFO Conference organized by China Venture Capital Finance Organization (CVCFO), was held successfully in Beijing on September 8th, 2017. As one of the most important and well-recognized conferences in China's VC/PE industry, it attracted over 210 guests ranging from VC/PE investors, government officials, academics and financial service providers. Mr. Jerry Ku of Gunderson delivered a keynote speech. The participants gathered together to communicate and shared good practices on seven key topics of China's VC/PE industry: 1) Compliance ; 2) Tax Update ; 3) All about Fundraising ; 4) Fund Leverage and Portfolio Borrowing ; 5) Impact of ODI Policy on Fund Raising, Investment, Portfolio Management and Exit ; 6) LP Panel ; 7) Cybersecurity .
Gunderson Welcome Remarks Jerry Ku
1. Opening Speech and Compliance
Chunyan Chen – Asset Management Association of China
2. Tax Update
Moderator: Sheldon Cao – ZhenFund
Speaker: Peter Kao – PwC, Edmund Yang – PwC, Oliver Kang – PwC
Topics: - Carried Interest – real life experience: VAT? 20%?;
Repatriation of RMB Carry to foreign GPs
- From Rep-chip to A Share – US Tax concerns and solutions, China Tax: Cost base and valuation
- Acquisition via Private Placement – Any chance seeking for tax deferral?
3. All about Fundraising
Moderator: Puyu Li – Sinovation Ventures
Speaker: Paul Ma – Hillhouse Capital, David Wang – Gunderson, Qiaoming Nie – Jiuding Group, Lois Chai – DT Capital
Topics: - General Fundraising Market
- Funds’ Core Terms and Recent Trends
- How to Prepare Fundraising?
- Follow-up Tasks after Fundraising?
4. Fund Leverage and Portfolio Borrowing
Moderator: Terrance Philips – Citi Private Bank
Speaker: Jane Wang – SSVB, Tina Lu – EBI Capital, Billy Cheng – Citi Bank, Hao Wu – SVB
Topics: - USD/RMB funds cross border investment difficulties and solutions
- USD fund common terms and application
- RMB fund trends and challenges
- How to use these tools to improve operational efficiency
5. Impact of ODI Policy on Fund Raising, Investment, Portfolio Management and Exit
Moderator: Cecilia Qiu – HOPU-ARM Innovation Fund
Speaker: Guojian Wang – SAFE, Christina Zhang – Cooley, Eva Ip – Sequoia Capital
Topics: - RMB Fund: Impact of ODI Policy on the Outbound Investment, Solutions and Outlook
- How to deal with Pure RMB Lps’s default risk arising from ODI problem
- How to address the uncertainty in ODI approval on RMB fund’s outbound investment in legal document
- Tips on timely conversion of cash proceeds from cross-border exits
6. LP Panel
Moderator: Dachun Zhang – New Access Capital
Speaker: Li Yang – CICC Jiacheng Investment, Kirk Li – Oriza Capital, Yichen Zhu – LGT, Qing Ni – PwC
Topics: - FOF’s criteria in selecting GPs
- DD to GP and reactions from GP‘s CFO
- Portfolio management for FOFs and the challenges to GPs
7. Cybersecurity
Speaker: Robin Kong – SSVB
Topics: - Status of cybersecurity introductions, laws and regulations
- Typical VC/PE financial and non-financial asset threat and vulnerability analysis
- Cybersecurity management framework, implementation advisory and guidelines
8. Cross-talk - The Stone Age of VC/PE
Special Guest: Hongye Li, Yu Zheng
Meeting material download: