Event Starts: 27th Feb 2009
Event Ends: 27th Feb 2009

RMB Funds: Whats Next for Foreign Investors?

Source: AmCham Shanghai

Type: Financial Services Committee Event
Venue: Grand Hyatt Shanghai
88 Century Boulevard

Time: 11:30 to 13:30
Price: Members (RMB): 230.00
Non Members (RMB): 350.00

AmCham Shanghai's Financial Services Committee is pleased to welcome Eric Xin, CITIC Capital's Managing Director for Private Equity in China, for a luncheon event at the Grand Hyatt Pudong on Friday, February 27, 2009. CITIC Capital recently launched a RMB-denominated private equity fund, and Mr. Xin will share some of his insights into the challenges and opportunities for foreign investment companies raising RMB funds.

Mr. Xin will be joined for a panel discussion by Richard Guo, partner at Fangda Partners, who helped structure Hony Capital’s first RMB fund, and Vivian Jiang, managing partner at Deloitte China’s eastern region tax practice.
While China has clearly established itself as a strategically attractive destination for global private equity (PE) and venture capital (VC) investors, it has also been actively nurturing a domestic PE/VC industry where investments are funded in Renminbi. Regulatory reforms in Chinese investment laws have opened the door for such RMB investment activities, and China’s National Social Security Fund has taken the lead in allocating RMB50 billion to domestic PE investments. The simplicity of dealing entirely in a common local currency and the relatively streamlined regulatory approvals have led many to believe that these funds will be commonplace in the near future.

About the Speaker

Eric Xin is CITIC Capital's managing director for private equity in China. Prior to joining the firm, he was a management consultant at McKinsey & Co. in Shanghai and Washington, D.C., where he focused on helping Japanese and U.S. multinationals source and set up factories in China. He was previously a deputy general manager of China Leasing's Investment Management Department, China's largest leasing company and a CITIC Group affiliate.

Mr. Xin received an MBA with honors from the Harvard Business School and a B.A in economics from Beijing University.

About the Panelists

Richard Guo is a partner of Fangda Partners, specialized in private equity (focusing on both fund formation and downstream investments), M&A and capital markets. His most recent mandates include representing Hony Capital in structuring and formation of its first RMB fund, a limited partnership established under the amended PRC Partnership Law and by far one of the largest RMB-denominated private equity funds in China in terms of committed Capital.

Mr. Guo received a JD from NYU School of Law and an LLB/LLM from China University of Political Sciences and Law.

Vivian Jiang is the managing partner of Deloitte China Eastern Region tax practice and is also in charge of the M&A tax practice of Eastern Region of China. She has more than thirteen years of professional experience in China and the U.S. providing tax services to multinational corporations in a wide range of industries. Prior to joining our Shanghai office in 2000, Vivian was with the Corporate and International Tax Services Group in our Atlanta office in the U.S. where she advised clients in various industries with respect to their international tax planning.

Vivian graduated from State University of New York, Buffalo, USA in Accounting and received a Master’s degree in Taxation from Georgia State University, USA.


11:30 Check-in and Networking
12:00 Buffet Lunch

13:30 Event Ends

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