08:30 AM - 9:00 AM
9:00 AM - 9:15 AM
9:15 AM - 10:15 AM
How American Interests Can Catch the Wave of Chinese Overseas Investing?
Abstract: The U.S. has an open economy and low barriers to foreign investment, which has not gone unnoticed by the Chinese; in fact, we are at the beginning of a tidal wave of direct Chinese investment in American businesses that envisions $1 trillion to $2 trillion of Chinese overseas investment this decade. The State Administration of Foreign Exchange (SAFE) has set up a New York operation to invest in private equity, real estate and other U.S. assets. Wanxiang Automotive acquired the assets of battery manufacturer A123 Systems and BGI Shenzhen purchased Complete Genomics. Chinese companies that have mastered manufacturing must develop their distribution, marketing and innovation skills, all areas where American businesses could help. How can America take advantage of Chinese investment money hungry for opportunities? Which type of deals are in the radar for SAFE or CIC? How to manage potential concerns that political tensions could get in the way?
10:15 AM - 11:15 AM
Private Equity, Venture Capital and Capital Markets Investing in China
Abstract: From investors to large multinational corporations, China continues stirring interest, as the Chinese capital markets in general are still in a nascent stage of development. Private equity and venture capital firms have helped launch new companies and grow regional players into national competitors, usually taking only minority stakes, aided by the robust economic growth expected for the next decade, still relatively abundant opportunities, less competition and a positive government attitude. How long will it take for China to exhibit experienced pension funds and other big institutional investors, the backbone of private equity funding in the West? How capital markets will evolve and which investments opportunities are currently available?
11:15 AM - 11:30 AM
11:30 AM - 12:30 PM
Alice in Wonderland Scenario for Foreign Hedge Fund Managers?
Abstract: : China is targeting to expand hedge fund investing by licensing foreign shops; in fact, the Chinese government has asked the State Administration of Foreign Exchange to approve a US$5 billion quota for the planned qualified domestic limited partner scheme (QDLP), which will permit foreign hedge fund managers to set up domestic sales and marketing offices to raise RMB investment for the group’s offshore funds under management. While there are a number of specific requirements, the ability to boost AUM through investments from wealthy Chinese investors presents a huge opportunity for many of the world’s largest hedge fund managers. How “excess” returns can be actually obtained in China? Are there best practices that can be transferred to the mainland? Will China's beaten-down equity markets influence global managers’ decision making?
12:30 PM - 1:30 PM
1:30 PM - 2:30 PM
Is Chinese Real Estate Headed Towards a Bubble?
Abstract: China’s own brand of a housing bubble has Beijing chasing its tail and struggling to catch it. Recently, rising prices led the government to introduce market-cooling measures and tighten its grip on the real estate sector, raising taxes by as much as 20% for transactions. The tax was first introduced in Beijing. But in a lot of smaller cities those measures were never as strict as in Beijing because local authorities wanted to protect the property market to ensure fiscal revenues. Investors are watching the real estate market closely; if prices continue to rise it will put pressure on the economy as the government would be required to put restrictions on lending. Is this the beginning of a wave of distressed real estate investing? What types of developments will be the next big t opportunities?
2:30 PM - 3:30 PM
Is U.S. Real Estate Headed Towards a Boom?
Abstract: One of China's biggest real estate developers, China Vanke, just announced its entry into the U.S. housing market, partnering with New York-based Tishman Speyer Properties to build luxury condos in San Francisco. Changing demographics, pent-up demand and limited supply suggest that more housing is needed in the U.S., and savvy consumers are looking for new options in housing and lifestyle. The U.S. can expect to see about 1.3 million households newly formed each year for the next decade, making housing starts at an annual rate of around 900,000 inadequate; in the same way, interest rates for mortgages are very low at this moment. What else do developers from China see in the U.S. market? Is the suggested bubble in Chinese real estate encouraging local developers to move to the U.S.?
3:30 PM - 3:45 PM
3:45 PM - 4:45 PM
The Rule of Law and its Role in Achieving the Chinese Dream
Abstract: China has made an extraordinary journey along the road back to greatness. Hundreds of millions have been lifted out of poverty, hundreds of millions more have joined the new middle class. It is on the verge of reclaiming what it sees as its rightful position in the world. China’s global influence is expanding and within a decade its economy is expected to overtake America’s. The new head of the country, Xi Jinping, has evoked that rise promoting the “Chinese dream” evoking its American equivalent. Mr Xi’s priority will be to keep the economy growing and that means opening up China even more. What will be the role of the Chinese new generation? Will nationalism interfere with the rhetoric of the resurgent nation? Will corruption and official excess be curbed? Will the constitution become more powerful than the party?
4:45 PM - 05:00 PM
05:00 PM - 07:00 PM