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8:00am – 4:00pm Confirmed
Speakers: Panels: Panel I: Progress in Reforms of the Chinese Banking System The big four Chinese commercial banks and some second tier banks are preparing for listing on international markets. Underscoring how fundamental restructuring of the banking system is in readying these banks for listing and for competition with international banks, experts discuss steps that have been taken to improve governance and transparency and resolve non-performing loan issues; changes in management and training to further develop appropriate credit; market and reputational risk management; implications of development of Chinese capital markets; new product development; and the impact of foreign banks on the domestic banking system. Panel II: Development of Chinese Domestic Capital Markets Chinese domestic capital markets have long been overshadowed by the banking sector. Undeniably, funding provided by domestic equity capital markets remains a small fraction of what is provided by the banks and domestic debt markets are still undeveloped. Experts discuss the necessary steps to invigorate domestic equity markets and create a true corporate debt market; the effect of more robust capital markets on the banking system; regulatory challenges to improve disclosure; corporate governance and financial accounting; new financial products; the emergence of Chinese institutional investors; the implication of cross border issuance; and the role of domestic versus foreign investors. Panel III: Private Equity/Venture Capital Investing in China The past year has seen a rush of international private equity funds of virtually all asset classes into the China market. The Sand Hill VCs are now regulars on the cross-Pacific flights to Shanghai and Beijing and several larger buyout funds are now focusing on China. Distressed asset investors are still struggling to make a market for Chinese NPLs and even hedge funds and real estate investment funds have become active in China. Experts discuss the current forces driving increased investor activity; prospects for various asset classes; the expected or typical exit; how investments are structured; how deals are sourced, evaluated, diligenced and tracked; and the possibility of renminbi co-investments and exits. Panel IV: Chinese Issuers in the International Capital Markets Chinese issuers are increasingly venturing outside of China and emerging as one of the primary sources of investment opportunities on the international capital markets. Hong Kong continues to be the listing market of choice for most Chinese companies. While Chinese technology companies prefer the NASDAQ, larger Chinese companies continue to tap the 144A market or, for very large deals, the NYSE. Experts discuss the factors driving Chinese issuers into the international capital markets; medium-term projections of where listings will be in the future, including the future role of Hong Kong, as well as the New York, London, Singapore, Tokyo and other exchanges; the possible composition of the next generation of listed companies; and constraints on creating a quality candidate pool. For more information, please contact Cameron Jones at 212 327 9381 or jonesc@asiasoc.org.
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The preceeding information is provided by: KWR International, Inc. New York, NY 10023 Phone: +1.212.532.3005 Fax: +1.212.799.0517 E-mail: kwrintl@kwrintl.com Read
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