Wednesday, 11 May 2011
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| 08:15 |
Registration and welcome coffee
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| 09:00 |
Welcome remarks
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| 09:10 |
Opening keynote address
Minister Dr. Christina Y. Liu, Council for Economic Planning and Development (CEPD), Executive Yuan (the Cabinet), REPUBLIC OF CHINA (TAIWAN)
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09:40
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Opening panel: International private equity briefing
In the developed markets of the US and Europe, the global financial crisis has called forth new investment discipline and value creation strategies independent of financial leveraging. In Asia, meanwhile, the strong economic fundamentals have made the region a magnet for international growth capital. Private equity leaders examine the latest and future investible trends:
- A review of the global PE value chain from fundraising and investing to managing and exiting
- How do future opportunities and risk/return profiles compare between China and India? What about other emerging markets?
- Is development of the Asian frontier markets sustainable?
- Are there any reasons to invest in the US and Europe in the near future? If so, in what asset classes?
- Will Taiwan become a prominent regional hub for Asia, or at least for Greater China?
Moderated by: Richard Chuang, Counsellor, TSAR & TSAI LAW FIRM
Panelists:
Gordon Shaw, Managing Director & Co-Founder, BARING PRIVATE EQUITY ASIA
Lionel de Saint-Exupery , President, CDIB CAPITAL INTERNATIONAL CORPORATION
J. Peter Chen , Senior Principal, Private Investments , CPP I NVESTMENT BOARD
Tim Flower, Vice President, HARBOURVEST
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| 10:40 |
Networking coffee break
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| 11:00 |
Catalyzing the growth of Greater Chinese companies
Shared traditional culture and language, close proximity, direct and more frequent flights, and encouraging cross-Strait policies have all allowed investors and managers to enhance companies by creating synergies combining Taiwanese knowhow with the potential for growth in the Mainland. Seasoned managers unveil:
- Opportunities in consolidating second/third tier companies in the traditional manufacturing space
- Synergies combining Taiwanese technical, operational and financial knowhow with manufacturing capabilities of Mainland partners through M&A
- Investment opportunities from succession issues of family businesses in Taiwan
- Emerging industries: biotechnology, healthcare, green energy, agricultural improvements, tourism, and culture and media
Moderated by: Laurie Kan, Founder and General Partner, ON CAPITAL
Panelists:
Junitsu Uchikata, Managing Director, JAFCO INVESTMENT (HONG KONG) LTD. TAIWAN BRANCH
Jim Tsao, Partner, UNITAS CAPITAL
YK Chu, Managing Director, WI HARPER GROUP
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| 12:00 |
The opportunity for private equity within Greater China
Taiwan has announced closer cooperation with the Mainland and more thorough implementation of ECFA, to reduce and remove tariffs and commercial barriers, following new liberalization of cross-Strait trade, transportation and communication. Moreover, under a bilateral Financial Memorandum of Understanding, Taiwan has approved plans to allow banks, brokerages and insurance companies either side of the Strait to invest in each other. Industry veterans discuss.
- How will Taiwan, the Mainland and Hong Kong fit in future Greater China PE?
- How can Taiwan’s PE experience and international exposure contribute to the development of the regional industry?
- Will Taiwan develop into a favoured investment destination for funds trying to capture the benefits of these closer cross-Strait economic ties?
- What can Taiwan’s own experience in creating a healthy autonomous VC sector teach the rest of the region?
- What advantages does the Taiwan Stock Exchange have over other exchanges in the region?
- What are the necessary policies for Taiwan to develop into a key centre for Greater China private equity?
Moderated by: John E. (Jack) Lange, Partner, Hong Kong Office, PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP P
Panelists:
Peter Hsieh, Partner, ASIAVEST PARTNERS
Dennis Chiang, SVP & Head of Financial Advisory, Corporate & Investment Banking, CHINA DEVELOPMENT INDUSTRIAL BANK
Tony C. Luh, Founding Managing Partner, DFJ DRAGONFUND CHINA
Ben Yang, General Partner, PACIFIC VENTURE PARTNERS
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| 13:00 |
Networking lunch
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| 14:30 |
The emerging boom of cross-Strait M&A and private equity investment—Opportunities post economic cooperation and framework agreement (ECFA)
Moderated by: C. Y. Huang, President and CEO, FCC PARTNERS (TAIPEI) INC; Chairman, TAIWAN M&A AND PRIVATE EQUITY COUNCIL
Panelists:
Alex Chan, Director, ADVANTAGE PARTNERS
Rex Y. Wang, Managing Director, DAIWA QUANTUM CAPITAL
Sophia Cheng, Senior Executive Vice President, JIHSUN FINANCIAL HOLDING COMPANY LTD |
| 15:30 |
Networking coffee break
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| 16:00 |
Access to the Taiwanese capital market
A robust capital market boosted by the improving economy and ECFA-related prospects, the removal of some restrictions on fund remittance and listing requirements, and the simplified TDR listing process, have enhanced Taiwan’s competitiveness as a destination for listing and trading. The recent appetite of the Taiwanese market for Mainland issuers can help extract maximum value from Chinese investments.
- Taiwan’s capital market compared to its regional counterparts
- Prospects for technology stocks on Taiwan’s capital market compared to other exchanges in the region.
- Opportunities of late stage pre-IPO PE investing
- Government incentives to go IPO in Taiwan, including attempts to bring Taiwanese companies back home.
- How can issuers capitalise on the price difference between Taiwan’s capital market and their home markets?
Moderated by: Dennis Chiang, SVP & Head of Financial Advisory, Corporate & Investment Banking, CHINA DEVELOPMENT INDUSTRIAL BANK
Panelists: Jessica Wu, EVP and Regional Head of Investment Banking, KGI SECURITES Pederson Chen, Partner-in-charge, Markets and Brand Department; Partner, Audit Department, KPMG TAIWAN
Michael Lin, Senior Executive Vice President, TAIWAN STOCK EXCHANGE CORPORATION
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| 17:00 |
Close of conference
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| 17:15 |
Cocktail reception
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