PROGRAM:

Conrad Tsang Vice Chairman, HKVCA 9:00-9:05 Welcome Remarks Chairman, HKVCA PRC Committee Managing Director, Baring Private Equity Asia

Opening Keynote

Dr Linbo He, Managing Director & Head of Private 9:05-9:25 PE Investment out of Sovereign Wealth Fund's Perspective Equity Investment Department, China Investment Corporation

The Emerging Dynamics in Private Equity in China

Moderator 9:25-10:25 The Perspectives of Offshore Managers Denis Tse, Head of Asia - Private Investment,

Lockheed Martin Investment Management Company  What investment themes are popular in the current environment

 Challenges in achieving exits Panelists  Approaches to doing privatization deals Alvin Li, Managing Director – Direct Investment,  Control deals vs growth deals CCB International  How do investment professionals interact with operational William Shen, Senior Partner & Head of Greater professionals within PE firms China, Headland Capital

Doug Coulter, Partner, LGT Capital Partners

Derek Sulger, Managing Partner, Lunar Capital 10:25-10:40 Coffee break Jie Lian, Partner, Primavera Capital

Moderator 10:40-11:40 The Perspectives of Domestic Managers Jacob Chiu, Partner, FLAG Squadron Asia

 Exit strategies in light of difficult A-share IPO environment Panelists  What investment themes are popular in the current environment Margaret Shao, Partner, Senior Vice President &  The development of domestic LPs in China Secretary of the Board, Fortune Venture Capital Zhongyi Zhao, Founding Partner, Jiuding Capital Wei Chen, Chairman & Founding Partner, Oriental Fortune Capital Chris Burch, Adviser to the Chairman, Shenzhen Capital Group

Capital Markets Development in China

Moderator 11:40-12:30  The securities market and the on-going and future CSRC’s reforms Barry Chan, Executive Director of Investment Banking  Overflows of A share IPOs into H share Department, China International Capital Corporation Limited (CICC)

Panelists Chris Leahy, Co-founder, Blackpeak Group Dr Qing Wang, President & Partner, Shanghai Chongyang Investment Management Co., Ltd Yu Huang, President & Chief Executive Partner, Shenzhen GTJA Investment Group Joseph Chee, Managing Director & Head of Global Capital Markets Asia, UBS

Room 2001, Wilson House, 19-27 Wyndham Street, Central, Hong Kong Tel: (852) 2167 7518 / Fax: (852) 2167 7530 / Website: www.hkvca.com.hk

Information in this file is correct at the time of publishing. HKVCA represents the right to amend any details due to unforeseen circumstances.

12:30-14:00 Luncheon

Representative from Qianhai Authority Keynote Speech: How Qianhai will be Developed and How 13:10-13:50 Julia Leung, SBS, JP, Under Secretary for Qianhai & Hong Kong Could Do Together Financial Services and the Treasury Bureau, HKSAR

Ongoing Changes and Flux in Regulatory Regime

Onshore vs. Offshore: Latest Developments in Fund Formation, 14:15-15:00 Direct Investment and Exits  Has market consolidation begun, and if so, what is the medium and Moderator long term prospects for RMB fund raising? What will the third Thomas Chou, Partner & Co-Chair of the Asia Pacific generation of RMB funds look like? Private Equity Practice, Morrison & Foerster  Will the new Securities Investment Fund Law have a positive effect on the China PE/VC industry? How do we interpret the intertwined roles Panelists of NDRC vs. CSRC in regulating such funds? Jeffrey Lee, Managing Director & CFO,  Has the Haifu v. Shiheng Supreme Court case relating to Value Northern Light Venture Capital Adjustment Mechanisms affected your approach in making onshore PE Shirley Xie, Partner & Greater China PE Funds investments? Assurance Leader , PricewaterhouseCoopers  Since the Alipay dispute, how have VIE structures fared in new Vincent Chan, CEO, Spring Capital investments and exits? Beyond the inherent corporate governance issues of VIE structures, what other potential traps need to be considered when exiting a VIE structure?

Chinese Overseas Investments – Partnering with Private Equity

Moderator 15:00-15:45  Key Trends Steve Wang, Managing Director,  Successful Stories Pine Field Capital Partners  Main Road Blocks  Future Opportunities Panelists André Loesekrug-Pietri, Chairman & Managing Partner, A CAPITAL Sean Lu, Managing Director, Carlyle Group Alvin Ho, Managing Director & Deputy CEO, Chepstow Capital Advisors Dr Li Yao, CEO, China-ASEAN Investment Cooperation Fund 15:45-16:15 Coffee break Lorna Chen, Partner, Shearman & Sterling

A Case Study of Venture Capital in China / Consumer Offline vs. Online

Marvin Lai 16:15-16:20 Opening Remarks Co-Chairman, HKVCA Venture Committee HKVCA Executive Committee Member Moderator Lawrence Chu, Managing Director, 16:20-17:10  How does Chinese retail landscape compare to developed countries? BlackPine Private Equity Partners  In an effort to grow domestic consumption, are we seeing investment

capital flow in to e-commerce or traditional retailers? Panelists  Which business model will prevail? Bricks and mortar? Shopping malls? Sha Wang, Director, Asia Alternatives Advisor HK E-commerce portals? William Chen, Managing Partner, ClearVue Partners  What are the major challenges to e-commerce? Traditional retailers? Yang Diao, Managing Director, JP Morgan Simon He, Managing Director, Prometheus Capital Closing Keynote

17:10-17:30 The Prospects of Private Equity / Venture Capital in China To be confirmed

17:30-19:00 Cocktail Reception Sponsored by Shearman & Sterling

Information in this file is correct at the time of publishing. HKVCA represents the right to amend any details due to unforeseen circumstances.

日程：

曾光宇 香港创业及私募投资协会副主席 9:00-9:05 欢迎辞 香港创业及私募投资协会 中国委员会主席 董事总经理, 霸菱亚洲投资

开幕主旨演讲

何林波博士，私募股权投资部总监， 9:05-9:25 从主权财富基金角度看私募股权投资 中国投资有限责任公司

中国私募投资新动态

主持 9:25-10:25 离岸基金经理的观点 谢迪洋，亚洲私募投资主管， 洛克希德马汀投资管理有限公司  当前环境下的热门投资主题  资本退出过程中的挑战 演讲嘉宾  私有化交易的途径 李毅，董事总经理 – 直接投资部，建银国际  控股型投资与成长型投资 沈敬武，资深合伙人，大中华地区主管，  投资专家如何在私募投资公司中与运营专才互动沟通？ 汇睿资本有限公司 Doug Coulter，合伙人，LGT Capital Partners 10:25-10:40 茶歇 苏丹瑞，管理合伙人，云月基金 廉洁，合伙人，春华资本集团

10:40-11:40 主持 本土基金经理的观点 赵仰斌，合伙人，FLAG Squadron Asia

 艰难 A 股 IPO 环境下的资本退出策略 演讲嘉宾  当前环境下的热门投资主题 邵红霞，合伙人，高级副总裁，董事会秘书，达晨创投  中国本土有限合伙人的发展 赵忠义，创始合伙人，九鼎投资 陈玮，董事长，创始合伙人，东方富海 柏相韦，董事长特助，深圳市创新投资集团有限公司

中国资本市场发展

主持 陈永兴，投资银行部执行总经理， 中国国际金融香港证券有限公司 11:40-12:30

演讲嘉宾  中国证券市场与中国证监会当前和未来的改革 Chris Leahy，共同创办人，百峰集团  A 股 IPO 过剩，拟上市公司转战 H 股分流 王庆博士，总裁，合伙人，上海重阳投资管理有限公司

黄煜，总裁，执行合伙人，

深圳市高特佳投资集团有限公司 朱俊伟，董事总经理，全球资本市场部亚洲区总裁， 瑞银集团

香港中环云咸街 19-27 号威信大厦 2001 室 电话：(852) 2167 7518 / 传真：(852) 2167 7530 / 网址：www.hkvca.com.hk

宣传单张的内容在印刷时正确无误，本会保留对本次活动的最终解释权

12:30-14:00 招待午宴

前海管理局代表 13:10-13:50 午宴主旨演讲：前海发展展望，香港与前海的合作前景 梁凤仪，SBS，JP，副局长， 财经事务及库务局，香港特别行政区

法规环境的更新

本土基金与离岸基金：基金成立，直接投资和资本退出的最新发展 主持 周至恒，合伙人，亚太私募股权业务联席主席，  市场整合是否已开始？如是，人民币基金募集会有怎样的中长期前 14:15-15:00 美富律师事务所 景？第三代人民币基金又将以何种面貌示人？

 证券投资基金法修订会否对中国创业及私募投资行业产生积极影响？

我们应如何解读国家发改委和中国证监会在私募基金监管中的角色冲 演讲嘉宾 突？ 李东薰，首席财务官，北极光创投  涉及估值调整机制的海富投资诉世恒案的最高法院终审判决是否已对 谢小舟，合伙人，大中华区私募股权基金审计主管， 你的境内投资方针产生影响？ 罗兵咸永道  自支付宝纠纷以来，可变利益实体（VIE）结构在新的投资和资本退出 陈镇洪，总裁，天泉投资 中表现如何？除了 VIE 结构固有的企业管制问题之外，在退出 VIE 结

构时还需考虑哪些其他潜在陷阱？

放眼海外 – 联手私募股权投资

主持 15:00-15:45  主流趋势 汪国兴，董事总经理，松域资本  成功案例  主要阻碍 演讲嘉宾  未来机遇 龙博望，创始人兼董事长，执行合伙人，A CAPITAL 吕延翔，董事总经理，凯雷投资集团 何敏，董事总经理，行政总裁，磐济投资 15:45-16:15 茶歇 李耀博士，首席执行官，中国-东盟投资合作基金 陈新，合伙人，谢尔曼•思特灵律师事务所

中国创业投资案例分析/离线与在线消费者

赖宗志 16:15-16:20 开幕辞 香港创业及私募投资协会 创基委员会联席主席 香港创业及私募投资协会 执行委员会委员 主持 16:20-17:10 诸承誉，董事总经理，松柏私人股权投资基金  中国零售业格局如何与发达国家进行比较？  为促使国内消费增长，是否有投资资金流入电子商务或传统零售商？ 演讲嘉宾  哪种商业模式会最终胜出？实体商铺？大型购物中心？还是电商门户 王宏霞，董事，Asia Alternatives Advisor Hong 网站？ Kong  电子商务面临哪些主要挑战？传统零售商？ 陈维立，董事合伙人，锴明投资 刁扬，董事总经理，摩根大通 何志坚，董事总经理，普思资本

闭幕主旨演讲

17:10-17:30 中国创业及私募投资的前景展望 待定

17:30-19:00 招待酒会 赞助：谢尔曼•思特灵律师事务所

宣传单张的内容在印刷时正确无误，本会保留对本次活动的最终解释权