13th Annual VC/PE CFO Conference in 2022, Webinar

Thirteenth China Venture Capital and Private Equity CFO Conference organized by China Venture Capital Finance Organization (CVCFO), was held successfully on October 21, 2022. As one of the most important and well-recognized conferences in China's VC/PE industry, it attracted about 340 guests and online attendees ranging from VC/PE investors, government officials, academics and financial service providers. Mrs. Zhen Liu 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) Keynote Speech  - China Macro ; 2)  Tax Panel ; 3) ESG ; 4)  Industry Questionnaire Sharing  ; 5) Legal Discussions ; 6) Fund Raising Panel ; 7) Capital Markets​.

 

Gunderson Welcome Remarks     Zhen Liu – Gunderson

 

1. Keynote Speech – China Macro

Speaker: Haibin Zhu – JP Morgan

 

2. Tax Panel  

Moderator: Michelle Qi – Ivy Capital

Speaker: Gong Liang - PwC, Candice Fan - E&Y, Xi Jun Liu - SZVC

Topics: 

  • Update and discussion of tax laws related to fund operation: exchange of local preferential policies (such as Hainan Hengqin, Shenzhen and Tianjin) and sharing of successful and failed experiences; Development of tax incentives for domestic venture capital funds (such as single fund accounting, tax incentives for investment in start-ups, etc.)
  • Discussion on the tax impact of the trial of distributing stocks in kind
  • Sharing of recent tax inspection cases: introduce tax risk points and solutions around the sharing of relevant cases with the fund GP LP SLP

 

3. ESG  

Moderator: Terry Tam – Hony Capital

Speaker: Qing Ni - PwC, Sofia Wang - Sterling Private Management Limited

Topics: 

  • ESG market update
  • International docking of ESG
  • ESG in investors' eye

 

4. Industry Questionnaire Sharing

Speaker: Androw Zhu - New Margin

 

5. Legal Discussions  

Moderator: Lily Yang – Greenwoods

Speaker: Richard Chang - Gunderson, Jane Wang - SVB, Tony Liu - Vision Plus Capital

Topics: 

  • Proposed US legislations and updates on China investment restrictions;
  • China’s latest Foreign Direct Investment rules;
  • The Holding Foreign Company Accountable Act and consequences for US-listed China-based companies

 

6. Fund Raising Panel  

Moderator: Joyce Wang – Cooley

Speaker: Vivian Zou - AlterDomus, Anna Zhang - Gunderson, Vincent Gup - LP Institute

Topics: 

  • Proposed legislation and update of US investment restrictions on China;
  • China's latest regulations on foreign direct investment;
  • "Holding Foreign Companies Liability Act" and its impact on US listed Chinese companies

 

7. Capital Markets  

Moderator: Ringo Choi – E&Y

Speaker: Yu Cao - CICC, Kenneth Sun - Morgan Stanley, Ethan Jin - Cooley, WinnieHan - HKEX

Topics: 

  • Review of Global IPO Market Funding in 2022
  • Analysis on the approval of capital raising by listing on different exchanges in A-share market
  • Analysis on the listing of Hong Kong Stock Exchange in Hong Kong market. HKEx's policies to promote Hong Kong's capital market
  • The positioning of the Hong Kong stock market and the A-share market (competition? Complementarity?). How do VCs and invested enterprises make choices?
  • When is the cold winter? How do entrepreneurs prepare for successful listing?
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