Since China’s economic opening in 1978, the Chinese economy has been enjoying rapid growth. China has come to a point where it is reevaluating its economic model focused on growth in order to counter current inequalities and destabilizing factors. Looking ahead, the Chinese economy will embrace great opportunities as well as encounter some potential challenges. Thus, social and economic restructuring needs to be taken into consideration by both policy makers and all the other economic participants. The direction of the Chinese economy will also have a significant impact on the global economic landscape.
What does China’s macroeconomic environment look like at present? What challenges and opportunities will China’s economy face in the future? What key factors will influence China’s future macroeconomic development, both domestic and international? What direction will China’s economic restructuring take in the next decade?
Professor, Barnard College, Columbia University (Moderator)
Mr. Xiaobo Lu is Professor of Political Science at Barnard College of Columbia University.
Xiaobo Lu served as the founding Director of Columbia Global in Beijing between 2008 and 2010. While in China, he was a visiting professor at Tsinghua University and taught courses at the School of Public Policy and Management at Tsinghua. Professor Lu teaches courses on Chinese politics, political economy, and comparative politics. His research interests include post-socialist transition, corruption and good governance, regulatory reforms, and government-business relations. As a principle investigator, he was responsible for leading an international research project, “Central-local relations and environmental governance in China”, funded by Global Public Policy Network (consisted of Columbia, LSE, and Sciences-po) in 2008-10. Currently he is working on a book manuscript, From Player to Referee: the Rise of the Regulatory State in China.
Xiaobo Lu is a member of Council on Foreign Relations, Committee of 100, and the National Committee of US-China Relations. He is a regular commentator on China and US-China relations on PBS, CNN, BBC, and NPR and has delivered speeches and briefings to organizations such as the Council on Foreign Relations, the Asia Foundation, the Asia Society, World Affairs Council, National Committee for US-China Relations, American Center for International Leadership, Asia Society, the China Institute of America, and the Japan Society.
Chairman and CEO of Greater China Corporation (Panelist)
Mr. John W. Allen is Chairman and CEO of Greater China Corporation. He has been actively involved in Asia and China for over 30 years. He is also a Trustee of the Chinese Cultural Foundation and Member of the China Investment Group LLC. He assisted in founding AIESEC in China, in Mongolia and throughout Latin America and has served as Chairman of the Board of AIESEC, U.S. (a student-run exchange program operating in more than 100 countries) and Chairman of AIESEC Yale.
Upon graduation from Yale University and the Harvard Business School he became Assistant to Professor George Cabot Lodge for the development of case material for Harvard in Central America. He then joined the Bank of Boston where he eventually headed the global investment subsidiary, Boston Overseas Financial Corporation with investment activities in 36 countries throughout the world including the startup of IBJ Leasing in Japan. Later, he joined Schroder Bank and Trust Company as Assistant to James D. Wolfensohn (recent head of the World Bank). Following this he became President of the International Securities Exchange Corporation. He is also CEO of Spring Investment Corporation whose activities have included serving as Chairman of "Venture Japan", and Turtlesnap Ventures, Inc., which is developing a network of facilities for starting entrepreneurial-led companies around the world.
In the philanthropic arena Mr. Allen has served as Trustee of the Soros Open Society Institute and as one of three Trustees of the International Science Foundation along with George Soros and Nobel Laureate James Watson. He has been actively involved in helping to formulate global policy initiatives as Vice Chairman of the Business Council for the United Nations, Director of the World Policy Institute, Director of the International Business and Academic Council, Advisor to Womensphere and with other international organizations.
Director and Chief US Economist at Citadel Investment Group (Panelist)
Dr. Daniel P. Ahn is Adjunct Assistant Professor at Columbia University School of International and Public Affairs. His research and teaching interests specialize in international macroeconomics, behavioral finance, and the economics of national security, particularly energy security.
He has held research and teaching positions at Harvard University Department of Economics, Harvard's John F. Kennedy School of Government, and the National Bureau of Economic Research. He also is a research fellow with the Council on Foreign Relations.
Currently, Dr. Ahn is Director and Chief US Economist at Citadel Investment Group in New York. Previously, he was head of Portfolio Engineering for Barclays Capital Fund Solutions Americas and a senior energy economist at Lehman Brothers.
He received his A.B. in economics and finance from Princeton University, and his Ph.D. in economics from Harvard University.
Partner, O’Melveny & Myers LLP (Panelist)
Mr. Li is corporate partner in O’Melveny’s Shanghai office and a member of the Mergers & Acquisitions Practice. Mr. Li has been practicing in Hong Kong and Shanghai for the past twelve years. His practice covers mergers and acquisitions, private equity investment and corporate finance. He advises multinational and Chinese corporate and fund clients on their cross-border M&A and direct investment projects. Mr. Li is recommended by the Legal 500 Asia Pacific 2009/10 for his “high-calibre legal service” and “business experience.” Mr. Li’s recent experiences include representing a European real estate investment fund in the acquisition, financing and re-financing of a series of real estate projects in various parts of China; a major US multinational company with a household name in a series of purchases and dispositions of China-based business assets; a multilateral organization in its acquisition of a stake in a major Chinese bank, etc.
Mr. Li is admitted to the New York Bar. He holds a J.D. from Columbia University, a M.S. from New York University, and a B.S. from Fudan University.
Senior Vice President and Senior Portfolio Manager of SunAmerica Asset Management Corp. (Panelist)
Michael Cheah is a senior vice president and senior portfolio manager responsible for all investment-grade fixed income portfolios at SunAmerica Asset Management Corp. Prior to joining SunAmerica in July 1999, Mr. Cheah spent 17 years at the Monetary Authority of Singapore (MAS). He was most recently the head of the U.S. Bond Division, Markets and Investment Department, and chief representative of the New York Office where his responsibilities included the management of foreign exchange reserves and the overseeing of external relationships with financial and government institutions in the United States. Prior to heading the New York Office of MAS, Mr. Cheah served in various capacities, including the domestic open market and currency intervention desk of Local Money and Capital Markets, Foreign Exchange and Gold, and the Japan Bond division.
Mr. Cheah received a Bachelor's degree in Business Administration from the University of Singapore, and a Master of Science degree in Management from the London Business School, where he was a Sloan Fellow. He is also a Chartered Financial Analyst and Financial Risk Manager.
Mr. Cheah currently lectures on the topics of Global Finance and Macroeconomics at the New York University.
Now the second-largest economy, having recently eclipsed Japan, China is becoming the anchor for a new cycle of self-sustaining economic development. The VC/PE industry, regarded as one of the major drivers of China’s innovation and industrial progress, will play an increasingly important role during this cycle. China's VC/PE industry has reached a critical point in its development, with opportunities for explosive growth of the industry itself on the one hand and overall structural transformation on the other.
How will the newly unveiled government policies such as "Opinions on Further Optimizing Usage of Foreign Capital" and the "New 36" affect the equity investment industry? Along with the establishment of large-scale industrial funds backed by state assets, what will the pattern and prospects of Chinese VC/PE market look like? Will the rapid rise of RMB-denominated funds trigger new bubbles or cause supervision problems? What are the hot areas for VC/PE investments in 2011?
Chairman of Emerging Markets Private Equity Association (Moderator)
Dr. Roger S. Leeds is the Chairman of the Board of Directors of EMPEA, and a Professor at the School of Advanced International Studies (SAIS) of the Johns Hopkins University, Director of the School’s Center for International Business and Public Policy, and an Adjunct Professor at the Wharton School, University of Pennsylvania. Prior to SAIS, Dr. Leeds worked as Managing Director and co-head of the emerging markets practice at Patricof & Co., Partner at KPMG, senior staff member at the International Finance Corporation, and, Associate at Salomon Brothers in New York. A renowned expert in the field, Dr. Leeds has worked in 100 countries in Latin America, Asia, Eastern Europe and the former Soviet Union, and Africa, and is a member of Council of Foreign Relations in New York. Dr. Leeds has a bachelor’s degree from Columbia University, and a M.A. and Ph.D. from SAIS.
Founder and President of Ascend Capital Partners (Panelist)
Ms. Monita Mo, the founder and president of Ascend Capital Partners, is a Chinese-American with sino-US bilingual cultural background. She graduated from Baruch College of CUNY with Master degree in Taxation and is a CPA licensed to practice in NY, NJ and California.
Monita has a total of 30 years of experience in private equity, financial restructuring, and operating/financial management in China and the United States, engaged to help Chinese and American corporations to raise fund or go public in overseas market. She started her consulting experience with Arthur Andersen NYC participating in mega M&A deals in the 80’s primarily in the media and financial industries. She then started her accounting business in 1992 based in US and focusing in China. She is currently the consultant for 18 banks from China and Taiwan who conducting business in the US. She helped the first wave of abroad students in US come back to China to set up their business and assisted the earliest US investors investing directly in China. Meanwhile, she participated in the earliest online times investment, such as: 8848, Tongtech, PRC EDU and so on.
Ascend Capital Partners was founded in 2002 by Monita, expanding the concept of consulting + investing primarily in privately owned enterprises in China (www.ascendvp.com.cn). Ascend has completed several exits in its investment and onto raising a fund to increase each of its investment size. The successful cases of Monita in recent year are Acorn International (listed in US), NVC Lighting (listed in HK), Changfeng Agricultural, TCT Medical, YOYI Media, Sinodis and so on.
Partner of Sino-Century China Private Equity (Panelist)
Ms. Cheng is partner at Sino-Century China Private Equity, a mid-cap growth capital China PE RMB Fund focused in Financial Information and Services, High End Manufacturing and Sustainable Environment. She has spent more than 25 years in the field of investments and finance. She began her career at Goldman Sachs on the GNMA bond desk after completing the company’s training program. She joined Citibank, first as a Pacific Basin analyst, and later as Asian portfolio manager. She then moved onto Prudential-Bache where she headed the Japanese Institutional Desk. She subsequently joined Robert Fleming, New York, eventually becoming senior vice president and head of the Japan/Taiwan/Korea Institutional Sales Group. Ms. Cheng ran a Family Office focusing on Asia hedge fund of funds which included PE funds before joining Sino-Century.
She has an MBA from The Wharton School of Business at the University of Pennsylvania and has a magna cum laude B.A. from Pratt Institute. Ms. Cheng grew up in Japan and is proficient in English, Mandarin and Japanese. She is a member of the Committee of 100. She is also a Trustee of The Riverdale Country Day School and was honored at MOCA in 2009.
Director of ChinaVest (Panelist)
Mr. Christian Giannini now serves as director at ChinaVest, a leading merchant bank founded in China by Americans over a quarter century ago and one of the oldest and largest private equity firms exclusively targeting the rapidly growing Greater China market. Prior to joining ChinaVest, Christian worked in the M&A and Corporate Finance groups at Robertson Stephens & Co. His transaction experience in China and the United States spans Infrastructure, Manufacturing, Energy and Distribution.
Christian graduated from the University of San Francisco with a B.S. in International Business and he received his MBA from The University of Chicago, Booth Graduate School of Business. Outside of the office, Christian is an avid sailor, telemark skier and chef.
Partner, Golenbock Eiseman Assor Bell & Peskoe LLP (Panelist)
Mr. Hudders is a partner in the Firm’s securities and corporate departments. He regularly represents companies and placement agents/underwriters in public and private offerings, including private placements, IPO’s, 415 transactions, PIPE’s and secondary and resale offerings. He has extensive experience in SPAC offerings and SPAC business combination transactions as well as reverse merger transactions and related financings, typically PIPE transactions to finance the acquisition of and working capital for an acquisition target. He also advises and assists companies with their SEC reporting obligations, annual meeting requirements, corporate governance and securities compliance. He has substantive experience representing smaller underwriters and placement agents in underwriter compliance and compensation under FINRA regulation and blue sky issues.
Mr. Hudders’ corporate practice includes the general representation of well-established, emerging growth, and start-up companies as outside general counsel. He represents these companies in a variety of matters, including equity and debt financing transactions, venture capital and private equity transactions, stock option plans, SEC reporting, executive compensation and employment related matters, strategic alliances and mergers and acquisitions. He also advises on listing requirements for issuers.
The issuer clients that he represents operate in such diverse industries as computer services, on-line services, alternative energy, oil and gas exploration, mining, media, film and television production, beverages and food distribution, and medical devices. Clients are both United States based and have headquarters and operations in Canada, China, Hong Kong, Singapore and the the United Kingdom, among other locations.
As China has gained increasing economic power and prowess in the global economy, we have witnessed the first wave of Chinese outbound M&A deals, led by the country’s huge state-owned enterprises and aimed at securing critical natural resources such as oil and minerals. The ranks of Chinese companies executing cross-border transactions are swelling, and the latest wave is led by auto-makers looking to acquire technological know-how and brand equity. What is next? As Chinese companies look overseas to maintain their stellar profit growth and compete with global enterprises, M&A becomes an essential and critical part of their strategic decisions. Similarly, plenty of opportunities exist for foreign companies looking to establish or grow their presence in China through M&A.
How do Chinese anti-monopoly law and other legislation impact deal flows? What current obstacles prohibit foreign companies from making strategic acquisitions in China? What will the M&A landscape in China look like over the next 10 years?
Professor of Professional Practice, Columbia Business School (Moderator)
Professor Beim had a 25-year career in investment banking, following which he became a professor in the Finance and Economics Division of Columbia Business School. He joined Columbia as an adjunct professor in 1989 and has been a full-time professor of professional practice since 1991. His areas of teaching include corporate finance, international banking and emerging financial markets.
Professor Beim’s Wall Street career included 10 years at First Boston Corporation (1966–75), where among other assignments he started and ran the project finance group. He served as executive vice president of the Export-Import Bank of the United States during 1975–77. Following that, he joined Bankers Trust Company to start and run its investment banking business. During 1978–87, he was executive vice president and head, corporate finance department, and member of the management committee at Bankers Trust. From 1987 to 1989, he was a managing director at Dillon Read & Co.
He graduated magna cum laude with a bachelor’s in political science from Stanford, and he continued his education as a Rhodes Scholar at Oxford, earning a master’s in politics.
National Managing Partner, Chinese Services Group, Deloitte LLP (Panelist)
Mr. Kwan is the National Managing Partner in the Chinese Services Group at Deloitte LLP. He has 30 years of advisory and management experience in the U.S., China and Eastern Europe. From 1995 to 2002, Mr. Kwan was based in Beijing as the Deputy CEO of Deloitte’s China practice. Prior to Beijing, he spent three years in Prague, Czech Republic, advising extensively on the restructuring of state-owned enterprises. He has also worked in Houston, New York and Taipei since joining the firm in 1978. With his multi-functional and multi-cultural background, he is a trusted business advisor to clients, especially in the areas of expanding and competing on a cross-border basis. He was named one of the 50 Outstanding Asian Americans in Business for 2005 by the Asian American Business Development Center.
Clarence has a Bachelor of Arts Degree in Psychology and a Master of Professional Accounting from University of Texas at Austin.
Senior Managing Director, Restructuring Group at AIG (Panelist)
Michael Grad is an Adjunct Professor at Columbia Business School. Through December 2008, Professor Grad was an investment banker for 25 years with several Wall Street firms. His areas of expertise include financial sponsor banking, leveraged finance and LBOs, debt restructuring and bankruptcy, and M&A. Since the beginning of 2009, Professor Grad has been a Senior Managing Director in the Restructuring Group at AIG.
During his investment banking career, Professor Grad was a Managing Director for 18 years and a Group Head for 13 of those years. From 2001-2008 he headed the Financial Sponsors Group at ABN Amro. Prior thereto, he was an MD at UBS Warburg (financial sponsors), Bear Stearns (M&A) and Schroder Wertheim (now part of Citigroup) where he ran groups including Fixed Income Investment Banking and Capital Markets and Financial Restructuring. Prior to entering investment banking, Professor Grad was an attorney for 2 years at Simpson Thacher & Bartlett.
He received his B.A. from Yale College, and his MBA&JD degree from Stanford University.
Partner, PwC Transaction Services (Panelist)
Mr. Butler is a partner in the Transaction Services Group at PwC. Tom has 23 years of experience providing diligence, structuring, and technical accounting advice in connection with acquisitions, recapitalizations, divestitures and public offerings. Tom has worked exclusively in the mergers and acquisitions sector since 1994, during which time he has advised prospective purchasers on more than 100 large transactions. Tom works primarily in the global private equity fund sector. He currently has primary TS account responsibility for Permira Advisors, Ltd (U.S.), Starwood Capital Group, LLC, CBRE and KKR & Co.
Tom served as the Firm’s lead transaction services and overall relationship partner for Apollo Advisors from 1995 to 2006, during which time Apollo managed in excess of $20 billion of funds for Apollo Funds III, through VI. Tom has advised Apollo and other funds on all types of investments, including classic leveraged buyouts, distressed buyouts and corporate partner buyouts.
Tom recently advised Permira Advisors, Ltd. on its acquisition of ABS Satellite, a Hong Kong based satellite company with operations in Asia/Pac and CBRE with its recent acquisition of the ING real estate investment management businesses in Asia and Europe.
Tom has a Bachelor of Science Degree in Economics from the Wharton School of Business and a MBA with distinction from the Manchester University School of Business (England).
Partner, Jun He Law Offices (Panelist)
Ms. Ying Zhang is a partner in the Corporate and Mergers & Acquisitions Group of Jun He Law Offices, one of the most prestigious and largest Chinese law firms.
Ms. Zhang has over ten years of experience working with private equity funds, venture capital firms, investment banks and corporations in connection with mergers and acquisitions, cross-border deals, equity capital markets and general corporate matters.
Based in Beijing, Ms. Zhang’s practice focuses primarily on cross-border M&A transactions. She has participated in numerous mergers, acquisitions and investments in China. Her clients include private equity funds, venture capital firms, foreign and Chinese corporations. She represented Bank of China in its strategic sales to RBS, Temasek and UBS, one of the largest foreign M&A in China to date. She has also represented Chinese companies in their outbound investments in Canada and Australia.
Ms. Zhang is qualified to practice law in China. She is a member of the All-China Bar Association and the Beijing Bar Association. She graduated with honors from China University of Political Science and Law. She is a LL.M. candidate (2011) of Columbia Law School.
Director, Lazard (Panelist)
Ian Woo is a Director in Lazard’s Healthcare Group in New York. Mr. Woo joined Lazard in March 2005 and has since executed transactions for clients including Eli Lilly, UCB, MGI Pharma, American Oriental Bioengineering, Transave, Acorda, Anesiva, GTx, Cyclacel, Novavax and Dendreon.
Mr. Woo coordinates Lazard’s healthcare efforts in China.
Prior to joining Lazard, Mr. Woo spent two years in the Healthcare Investment Banking Group at Friedman Billings Ramsey (FBR). While at FBR, Mr. Woo worked on advisory assignments, public equity offerings, and private equity financings for early-stage companies. Mr. Woo was also an associate with Bear Stearns' Public Finance Group, where he structured and priced over $2 billion of fixed income securities, and an associate at D.E. Shaw, a multi-billion dollar hedge fund.
Tufts University, B.S., Columbia University, M.A. in Molecular and Cellular Biology, Columbia Business School, M.B.A.
Since the economic liberalization of the late 1970s, Chinese capital markets have been through rapid developments and expansion. Today, the markets have become the driving force shaping the ecosystem of modern Chinese business society. With more sophisticated legal and regulatory systems, bigger and more efficient markets, and improved international competitiveness, China’s capital markets, with their unique dynamics, have attracted more and more world attention and academic studies as an engine for the global financial system.
With the rampant inflation threats looming in emerging economies, is the China Story still intact? How can investors invest in China both strategically and rationally? What are the latest developments in China’s investment management industry? How does the Chinese capital market introduce and implement innovative financial instruments such as futures and ETFs? How does the emerging derivatives instruments affect market trading behaviors? What are the priorities and concerns for Chinese policy and regulatory authorities to manage the high growth and capital inflows? What is the next potential step for the RMB liberalization, given the successful offshore market? What are the major risks investing in China compared to other Asian emerging market? Will the fear raised by the Japanese nuclear meltdown impact the nuclear industry and the renewable energy development in China?
CEO of Beryl Consulting Group LLC (Moderator)
Mr. Vidak Radonjic is the founder and Chief Executive Officer of The Beryl Consulting Group (BERYL) and has over 15 years of experience in alternative investments and capital markets. BERYL provides independent hedge fund research and advisory to various institutions and family offices. It analyzes established and emerging managers across all investment strategies and geographies.
His investment management career started at Swiss Bank Corporation in 1994 where he was involved in emerging markets fixed income research and trading as well as hedge fund formations. His track-record includes serving on the Investment Committee of a $2 billion Swiss based and $500 million U.S. based multi-strategies fund. He worked for major investment banks in their securities research and trading departments as well at several fund of funds. Besides Swiss Bank Corporation, Mr. Radonjic held various investments related positions at The International Investment Group, Salomon Smith Barney, WR Capital Management and Infiniti Capital. During his alternative investment career, he has allocated over $600 million with hedge fund managers.
Mr. Radonjic is a regular speaker at international conventions on hedge fund due diligence and investment management. Mr. Radonjic holds an MBA in Corporate Finance from Pace University’s Lubin School of Business and a Masters of International Affairs from Columbia University’s School of international and Public Affairs.
Portfolio Manager, Soros Fund Management (Panelist)
Mr. Gavin Albert is Portfolio Manager of Soros Fund Management, and adjunct professor of Columbia Business School. He has been investing in public markets for more than 14 years. Prior to Soros, he founded Ardea Capital Management, and was the Managing Partner and Chief Investment Officer of the fund. Before Ardea, Mr. Albert was Executive Managing Director and member of the Investment Committee at Tremblant Capital. He was head of the Generalist Area and trained analysts working in the group. Prior to Tremblant, he was a Senior Vice President at Pequot Capital, Senior Analyst at Wyper Capital and Ulysses Management, the successor to Odyssey Partners. Previously Mr. Albert was a Vice President and Portfolio Manager at Oppenheimer Capital.
Mr. Albert received a BBA in finance and a concentration in Art History from Emory University and an MBA from Vanderbilt University.
Eric Leng, CFA, PhD
Senior Portfolio Manager & Managing Director, UBS Asset Management (Panelist)
Mr. Eric Leng is a Senior Portfolio Manager on the Structured Alpha team of Structured Equities. Mr. Leng is responsible for the management of global equity strategies, including the UBS Lux Key Selection Sicav 2 - Global Quantitative Fund and Global Equity Market Neutral Funds. Prior to joining UBS Global Asset Management, Mr. Leng was a senior portfolio manager at Credit Suisse Asset Management responsible for a number of mutual funds and client portfolios. Prior to that, Mr. Leng founded Clotho Investment Group, an external manager for the multi-strategy firm Millennium Partners, LC. His previous roles also include portfolio manager for the market neutral strategy at DuPont Capital Management and senior investment analyst at American Century Investment. As a biomedical researcher, Mr. Leng has published a number of articles in peer-reviewed scientific journals and co-authored a chapter in research book. Mr. Leng is a member of the Chicago Quantitative Alliance and a member of the CFA Institute.
Mr. Leng receives his MBA from Wharton Business School and PhD degree from Baylor College of Medicine. He received his bachelor’s degree from University of Science & Technology of China.
Partner, Jincheng Tongda & Neal Law Firm (Panelist)
Ms. Lingyan Peng specializes in foreign direct investment (FDI), cross‐border M&A, venture capital and private equity investment, IPO and bond offering.
During Ms. Peng’s prior practice in New York, she represented many international corporations (including J.P. Morgan Chase, Pearson, Owens Corning, Cadbury Schweppes, Maesk) in connection with corporate structuring, U.S. M&As and cross‐border M&As. Back in China, Ms. Peng continues to be active in advising clients on M&As, including venture capital and private equity investment transactions and strategic M&As. She is currently advising several most active oversea funds in China, including CDH Venture Capital and SAIF Partners.
Ms. Peng has extensive experience in foreign direct investment (FDI), including structure of local presence, restructuring, acquisitions and regulatory compliance. Ms. Peng also has substantial experience in corporate restructuring, IPOs and bond offering, in both the PRC and overseas capital markets, with particular expertise in PRC regulatory practices.
Ms. Peng is admitted to the New York Bar as well as to practice in China. She holds a LLB from Jilin University, China, a LLM from Columbia Law School as well as a LL.M. in Finance from Goethe University, Frankfurt.
President of Shenyin Wanguo Securities USA (Panelist)
Dan Weil is President of SWS USA, as well as Senior Managing Director, Head of North America Equity Sales & Trading at Shenyin Wanguo Securities (SWS). He joined SWS in 2009 as Managing Director, Head of North America Equity Sales & Trading. From 2007 through April 2009 he was a Director at Cantor Fitzgerald where he headed the Greater China Desk. Prior to that role, he worked as the Head of Asia Institutional Sales for Cantor Fitzgerald Debt Capital Markets in New York City and Hong Kong. In addition to his experience on the capital markets desks, Mr. Weil has extensive buyside experience having spent 4 years at Merrill Lynch Private Equity Partners and 2 years at Grand Slam Asset Management, a small cap deep value fund. He has an MBA from Columbia University and a B.A. in Chinese Language and Literature from the University of Wisconsin Madison. Mr. Weil currently lives in Hong Kong with his wife and son.
Managing Director / Senior Portfolio Manager of Oppenheimer Funds (Panelist)
Mr. Shanquan Li Graduated from Remin University Of China in 1982. After his graduation, he was recruited by the Development Research Center of the State Council. In 1986, he was selected as Humphrey Fellow and was invited to the United States by Winston Lord, Ambassador of the US in Beijing. He earned his Master degree in International Finance at Brandeis University in 1989. He started asset management practice as an analyst at Acadian Asset Management in 1990. In 1991, he joined Brown Brothers Harriman as a Senior Analyst in the Investment Management Policy Group. In 1995, he started at Oppenheimer Funds in the Global Equity Group as a portfolio manager.
Managing Partner of Keylink Capital International (Panelist)
Lin Tien is the managing partner of Keylink Capital International, a merchant bank with headquarters in New York’s Rockefeller Center, and offices in Shanghai and Beijing. Keylink invests in and provides strategic advice on mergers and acquisition transactions with an international dimension.
Lin Tien was a financier and trader at J.P. Morgan with stints in Corporate Finance, Euro Bond Structuring and Fixed Income Sales and Trading. She was in charge of Euro Currency Interest Rate and Currency Swap under J.P. Morgan Asset and Liability Department, latterly in proprietary and relative value trading for the bank’s own account. Subsequently, she ran Fixed Income Proprietary Trading for Mizuho Bank, the largest bank holding company in the world pre September 11, 2001. Mizuho Bank was created as a result of the merger of Dai-Ichi Kangyo Bank, Industrial Bank of Japan, and Fuji Bank. Since leaving that position, Ms. Tien has been investing for her own account in Private Equities as well as in exploration and production companies in extractive and mining sectors in the US, Canada, Australia and South America; and providing financial advice to clients on cross-border mergers and acquisition transactions in natural resources, media, health care, technology, and consumer durables industries.
Ms. Tien has a BA from National Taiwan University and an MBA from Wharton Business School, University of Pennsylvania.
With LinkedIn filing IPO with SEC in January, it potentially paves the way for Facebook, Twitter, Groupon and other Internet companies to join the publicly traded sector. These companies are no doubt leaders in this new Internet era. On the other side of the Pacific Ocean, thousands of Chinese entrepreneurs are following up the footprints of their US counterparties. Concepts are imported, executed, fine-tuned, localized or abandoned. Facing both the promising future and
the unpredictable turbulence, can they set a strong foothold, continue to innovate, and build up a sustainable business?
How can Chinese Internet companies monetize the US business ideas and build sustainable and profitable business model in China? How important innovation is in their development? What competitive advantages do they have over their foreign peers? How do VC/PE firms contribute in this process? Besides taking advantage of China’s high growth perspective, can they really produce returns to their investors? How China’s regulatory environment affect or hinder their development? What other issues do Chinese entrepreneurs concern about in the long run?
Professor of International Business, Columbia Business School (Moderator)
Professor Fangruo Chen is the MUTB Professor of International Business at the Graduate School of Business, Columbia University. His main research area is operations strategy and supply chain management. He has published extensively in the field’s top academic journals such as “Management Science,” “Operations Research,” and “Manufacturing & Service Operations Management.”
Professor Chen received the prestigious CAREER Award from the National Science Foundation (USA), 1997. In 2004, he received the Distinguished Overseas Young Investigator Award from the National Natural Science Foundation of China. In 2005, he was appointed the Distinguished Visiting Professor by the Chinese Academy of Sciences. In 2006, he was named the Chang Jiang Scholar by the Ministry of Education, China.
Professor Chen held, and continues to hold, numerous leadership positions in his profession: In 2007, he founded the Overseas Chinese Scholars Association in Management Science and Engineering (OCSAMSE). In 2009, he spearheaded the launching of the China Business Initiative (CBI) of the Chazen Institute of International Business at Columbia Business School, and is the current director of the initiative.
Professor Chen holds a B.S. in Engineering from Shanghai Jiao Tong University in China, an M.S. in Systems Engineering from the University of Pennsylvania’s School of Engineering and Applied Sciences, and an A.M. in Managerial Economics and Social Sciences and a Ph. D. in Operations Management from the University of Pennsylvania’s Wharton School.
CFO, China Talent Group (Panelist)
Mr. Kevin Han is the CFO of China Talent Group (CTG), one of the top human resources outsourcing service providers in China. Mr. Han joined Arthur Andersen as a business consultant upon graduation and worked there for more than 5 years before being promoted to a manager. After that he has taken various finance executive positions at major Global 500 companies including Compliance Manager of Bristol-Myers Squibb China, Finance Manager/Controller of The Pillsbury Company/General Mills China, Finance Controller of Shanghai Centre (AIG asset), Finance Director of AstraZeneca China, etc. Before joining CTG, Mr. Han was the Vice President – Finance Operations of Morgan Stanley Properties (China), overseeing the finance operations of all Morgan Stanley real estate investment projects (over 20) in the country.
Mr. Han is also an excellent trainer and has delivered various training courses on financial management, business processes and internal controls to both internal and external participants. Mr. Han became a member of Chinese Institute of Certified Public Accountants (“CICPA”) in 1994. He enjoys photography and trekking.
Mr. Han obtained his bachelor degree from Fudan University in 1993, majoring in International Business Law.
CEO of Letao (Panelist)
www.letao.com, the largest shoes B2C company in China, called “Chinese Zappos”
Mr.Bi has rich experience in IT industry since 1998. He served as assistant to Chairman of HC International Inc (HK8291), one of the earliest e-commerce companies in China. Then he joined into Robin Li’s Baidu (Nasdaq:BIDU) founding team as director of marketing. He spent 3 years on marketing strategy and execution of Baidu, from an unknown company to No.1 internet brand in China and No.1 network traffic in Asia. His multi-marketing model is called Baidu Marketing Model by industry. In 2005, Mr.Bi witnessed the IPO of Baidu and served as marketing strategic consultant of Baidu until the end of 2006.
In 2008, Mr.Bi founded Letao (www.letao.com) with Ceyuan Ventures. In 2010, as the largest shoe e-commerce company in China, Letao built up collaboration with international brands such as NIKE, Adidas etc and received $10M investment from Tiger Global Management Fund, one of the largest global hedge funds.
Because of the rapid growth of and high conversion rate, Letao received another round $30M investment from Tiger Global Management Fund at the end of 2010.
CEO of CreditEase (Panelist)
Mr. Ning Tang is Chief Executive Officer at CreditEase, a social enterprise established in 2006 with the vision to liberate the value of credit and now China’s largest platform offering P2P credit loan service.
In 1997, Ning went to Bangladesh to work with Nobel Prize Laureate Muhammad Yunus in Grameen Bank, where he was exposed to the impact of micro-finance. Thereafter Ning worked on Wall Street in investment banking at DLJ and returned to China in the year 2000 as the director of mergers and acquisitions at Asia Info, a NASDAQ listed company. Through combining his experiences in the US, his profound experience at Grameen Bank in micro-finance and his extensive business experience in China, CreditEase was born. Ning is also the chairman of China Growth Capital, an early stage incubation fund. He continues to be a sought after guest-speaker at conferences and universities on topics such as wealth management, micro-finance, entrepreneurship, sustainable development, social responsibility and others.
CEO and President of China Telecom Americas (Panelist)
Mr. Yijun (Donald) Tan was appointed to CEO/President of China Telecom Americas in January, 2006 with responsibility for developing the North and South American market by delivering products and services that reach between the Americas and Asia to enterprise customers and carriers.
Prior to coming to China Telecom Americas, Mr. Tan was the President of Hunan Data Communication Bureau and Internet Department, Hunan Telecom Corporation. His responsibilities included building the network and providing data communication services to resident, large-business and SME customers throughout Hunan Province. Mr. Tan’s team ensured the timely delivery and management of customer solutions while driving new customer service capabilities and continuous improvement. In addition, Mr. Tan serves as Vice President of China General Chamber of Commerce-USA and President of CGCC Washington region.
Mr. Tan, who has spent more than 20 years in telecommunications, has a Bachelor's Degree from Shanghai JiaoTong University, where he majored in Electronics Telecommunications . He earned a Master's Degree of Economics from HuaZhong Technology University and his MBA at Hunan Province Commercial Institute.
As one of the world’s highest energy consuming countries, China is making a great effort to increase energy utilization efficiency. The promotion of new energy applications has been widely recognized as one of the most promising strategies. The January 2010 establishment of the Chinese National Energy Commission, headed by Prime Minister Wen Jiabao, was regarded as an extremely important step. The government’s New Energy Industry Development Plan (2011-2020) has also entered the final stage before its public announcement; it is expected that the Plan will include 5 trillion RMB investment during the next 10 years.
Will China truly create another miracle along the road to new energy sources and then migrate to a more sustainable development pattern? What role will China possibly play in this global game of new energy? Which new energy will be most promising in China?
Nickolas J. Themelis
Director, Earth Engineering Center; Stanley-Thompson Professor Emeritus, Earth and Environmental Engineering, Columbia University (Moderator)
Inventor of the Noranda Continuous Smelting and Converting Process that has reduced sulphur and carbon emissions to the atmosphere by millions of tons. Prior to his joining Columbia in 1980, Prof. Themelis was Vice President of Technology of Kennecott Corp., the largest non-ferrous company in the world. At Columbia University, he was Chair of the Henry Krumb School of Mines and founder of the Earth Engineering Center in 1996 and in 1997 led the transformation of the historic School of Mines to the new engineering discipline of Earth and Environmental Engineering (www.seas.columbia.edu/krumb/) that now includes the Lenfest Center for Sustainable Energy and the Water Resources Center.
Elected member of the U.S. National Academy of Engineering. Honorary Professor, Chongqing University of Science and Technology. Member of China 111 Programme headed by Zhejiang University, Hangzhou. Founder of the Waste to Energy Research and Technology Council (WTERT, www.wtert.org), an international consortium that includes WTERT-China (www.wtert.cn) concerned with sustainable waste management.
Recipient of several professional awards, author of over 200 technical papers and books and inventor of over twenty patents.
Global Head of Wind Energy Research, Bloomberg New Energy Finance (Panelist)
Mr. Wu is Global Head of Wind Energy Research at Bloomberg New Energy Finance (BNEF), the world’s leading provider of industry information and analysis to investors, corporations and governments in clean energy. Mr. Wu leads a global team of analysts responsible for producing and communicating research and analysis on the economics, policy, and strategic dynamics of the wind industry.
Based in Hong Kong, Mr. Wu joined the company in 2007 and was previously the lead Asia wind analyst, where he produced market research and consulting projects for the wind energy sector in China, Korea, Japan and Southeast Asia. He is a specialist in Chinese energy policy, the wind manufacturing industry and US-China clean energy trade issues. Mr. Wu holds a MS in Politics from the School of Oriental and African Studies at the University of London and a BS in International Politics and Economics from Georgetown University’s Edmund A. Walsh School of Foreign Service.
Manager, Portfolio Oversight Unit, IFC (Panelist)
Mr. Riopelle joined International Finance Corporation in 1995 and is an expert on direct investment in China. In August 2004, Mr. Riopelle moved to the Global Manufacturing and Services Department of IFC, where he was responsible for new business development in China and Mongolia, stationed in IFC’s Beijing office. In November 2006, Mr. Riopelle was appointed Manager and responsible for leading the new business development, processing and portfolio supervision activities for the Global Manufacturing and Services Department in the East Asia and Pacific region. Mr. Riopelle led IFC’s renewable energy investment in China, including the US$50million investment in Suntech Power.
In August 2009, Mr. Riopelle returned to Washington DC, and is currently Manager of the Portfolio Oversight Unit, which is responsible for developing and implementing IFC's Portfolio Scorecard, measuring the Corporation's portfolio and supervision work world-wide. Mr. Riopelle has an undergraduate degree in finance from University of Pennsylvania (Wharton), and a JD/MBA from Georgetown University.
Chief Executive Officer, Goldwind USA, Inc (Panelist)
Tim Rosenzweig is responsible for the strategic direction and overall management of Goldwind USA, the American subsidiary of the Goldwind Group. Prior to joining Goldwind, Rosenzweig served as senior VP of finance and CFO of First Wind. As one of the original members of UPC Wind (the predecessor to First Wind), Tim helped grow the business from a small start-up to over 150 employees, while leading the company capital raising efforts which exceeded $2.2 billion.
Before joining First Wind, he worked as VP at a Nomura-backed private equity fund in New York. Before that, he was VP at GE Capital Market Services group in Hong Kong, Singapore, and Stamford, Connecticut. Tim´s extensive financial and international experience began in 1992, when he served as an analyst for Lehman Brothers´ Utilities and Project Finance Group in New York and Hong Kong.
President and CEO of NuGen Mobility (Panelist)
Mr. Takamura has 20 years of experience in the field of electric propulsion and permanent magnet motors in the Alternative Energy Sector. Previously, Mr. Takamura was the Chief Operating Officer of NGM. Before being promoted to COO he was their Director of Engineering & Marketing. Mr. Takamura has played a key role in taking NGM from a niche player in the solar car field to establishing a diversified customer base internationally on all continents and also establishing large scale manufacturing partnerships in India and China. Prior to NGM he was a Lab Researcher and Engineer at the Naval Research Laboratory located in Washington, DC where he worked on tribology assignments. Mr. Takamura has a BS degree in Mechanical Engineering and a Masters background in Transportation & Safety from the George Washington University.
Managing Director, Yingli Green Energy Americas (Panelist)
Mr. Robert Petrina is the Managing Director for Yingli Green Energy Americas, Yingli's wholly owned subsidiary. Mr. Petrina has more than 10 years of experience in international business development and entered the solar sector in 1998 when he spent time with Atersa (currently Elecnor, S.A.) in Madrid and Valencia, Spain. From 2000 to 2002, Mr. Petrina worked at Chori America, Inc. where he was responsible for Mitsubishi's product sales in Latin and South America. Mr. Petrina has focused on the solar sector exclusively since 2002 when he worked at AstroPower, Inc. for two years, where he was responsible for the company's silicon sourcing in Asia, Europe and North America. Prior to joining Yingli in 2007, Mr. Petrina was responsible for global silicon procurement during his time at General Electric's Solar Technologies business unit. Mr. Petrina received his bachelor’s degree in Applied Economics and Management and his master's degree in Business Administration from Cornell University where he was a Park Fellow.
- Macro-Economy Panel: China's Economic Restructuring - Challenges and Opportunities
- Private Equity and Venture Capital Panel: New Cycle, New Paradigm, New Landscape
- Investment Banking Panel: Cross-Border M&A - The Next Wave
- Capital Markets and Investment Panel: The Outlook for Chinese Capital Markets
- Enterprise and Entrepreneurship Panel: Expanding the Footprint
- Green Energy and Cleantech Panel: Charging Ahead on the Sustainable Energy Road