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?