HKVCA 20th China Private Equity Summit 2021 | 香港创业及私募投资协会第20届中国私募投资高峰会2021

August 17, 2021  |  2021年8月17日

The HKVCA’s flagship China Private Equity Summit was held for the 20th consecutive year on August 17, 2021. With COVID-19 still an ongoing issue worldwide, this year’s event, like last year, was held in a virtual format. This had the benefit of allowing for significantly greater participation from professionals across the region and around the world, with more than 700 venture capital and private equity practitioners, leading corporates, and other industry professionals and participants joining the event.

The opening panel discussion, which was on China’s private equity (PE) landscape, began by noting that many economies around the world have begun to recover since the outbreak of the pandemic in early 2020, with perhaps China’s economy being the most notable. Governments around the world injected massive liquidity into their economies, which resulted in strong performances in capital markets. At the same time, there has been increasing regulation of the financial industry. The panel discussed the implications for Chinese PE, including the views of investors, the various and likely strategies, and the position of the different sectors. Among other highlights of the event was the discussion held by the education panel, which was especially timely in the light of new regulations implemented two weeks prior to the Summit that are expected to have significant impact on the sector. The audience in particular was extremely eager to hear the expert speakers’ views on the immediate implications for the industry and how it would react to the abrupt changes.

Among the distinguished guests were the Hon. Christopher Hui, Secretary for Financial Services and the Treasury of the Hong Kong SAR Government; Nicolas Aguzin, the new CEO of the HKEX; and Shuang Chen, Founding & Managing Partner of APlus Partners Management. We were also pleased to have invited Ying Chen, Chairman & Co-CEO of Nice Tuan, and Jianxiong Xiao, Founder & CEO of AutoX, who were special guests at two separate fireside chats.

We would like to thank our extremely knowledgeable participants and audience of attendees who joined us from locations around the world. Thank you also to our PRC Committee, co-chaired by Conrad Tsang and Rebecca Xu, and to the other committee members. Finally, the HKVCA would like to express our sincere thanks to our valuable sponsors, whose contributions and continued support made the event an unprecedented success.

香港创业及私募投资协会于 2021 年 8 月 17 日连续第20年举行了旗舰活动中国私募投资高峰会。鉴于新冠疫情仍于全球肆虐，今年的峰会采用与去年一样的线上形式举办。此举可吸引更多本地区内以及世界各地的专业人士参与。最终有超过 700 名创业及私募股权从业者、领先企业以及其他行业专业人士和业者报名参与此次活动。

论坛第一场小组谈论环节聚焦中国私募股权的格局。嘉宾们在开篇议题中指出，全球许多经济体已逐渐从2020年初爆发的新冠疫情中复苏。其中或属中国经济最引人注目。世界多国政府向其经济注入了大量流动资金，致使资本市场表现强劲。与此同时，对金融业的监管也在不断加强。峰会讨论了其对中国私募股权的影响，要点涵盖投资者观点、各种潜在策略以及不同行业的立场等。本次活动的亮点之一是对中国教育投资的一场小组讨论。在峰会开始两周前，新法规开始实施，预计会对行业产生重大影响，因此本场讨论显得尤为及时。与会观众急切渴望听到作为行业专家的演讲嘉宾对于新法规将会为行业带来的直接影响以及如何应对这一突然变化的看法。

当日与会贵宾有:香港特别行政区财经事务及库务局局长许正宇、香港交易所集团行政总裁欧冠升、以及绅湾资本管理有限公司创始及执行合伙人陈爽。我们还很荣幸地邀请到十荟团董事长兼联席CEO陈郢以及AutoX创始人兼CEO肖健雄分别担任两场炉边对谈的特别嘉宾。

我们诚挚感谢每一位博学的与会嘉宾及来自本土和全球各地的参会观众。还要感谢由曾光宇和徐红江共同领导的中国内地委员会以及全体委员会成员。最后，香港创业及私募投资协会还要向我们慷慨的赞助商表示衷心感谢。正是因为他们的贡献和持续的支持，本次活动才能取得如此空前的成功。

The HKVCA’s flagship China Private Equity Summit will play host to as many as 1,000 venture capital and private equity practitioners, corporates, and other industry professionals. Acknowledged as the industry’s leading practitioners’ conference, this year’s event will be held virtually, allowing for significantly greater participation from professionals across the region and around the world.

It has been over a year since the start of the COVID-19 outbreak and China’s economy appears to be recovering well, especially compared to many other parts of the world. With the increasing availability of vaccines, it is hoped that the worst of the pandemic is now behind us and we can return to a new state of normalcy.

Moreover, we have seen governments around the world inject massive liquidity into the system, resulting in strong performance in capital markets. At the same time, China would seem to be at odds with both the US and Europe over a number of salient issues.

Against this backdrop, then, what actions are being taken by Chinese PE and VC practitioners and how are they preparing going forward? Which industries are they most interested in, and how are they starting to position themselves relative to their peers? With increasing regulation of the financial industry (including asset management, capital markets, banks and insurance) and a growing anti-monopoly movement aimed at Chinese tech giants, what are the implications being raised for companies and investors as we emerge from an unprecedented pandemic year? And what strategies will we begin to see – buyouts, secondaries, sector-focus, SPACs, PIPEs, etc. – from those who are deploying capital in China?

These are just some of the issues the Summit will be addressing. We are confident that you will find much to value in the speeches and discussions throughout the annual flagship event.

中国私募投资高峰会为本协会的年度旗舰活动，吸引逾 1000 名创业及私募投资行业从业者、企业、以及其他行业专业人士出席。作为业界公认的行业领先论坛，今年的峰会将以线上形式举行，必将吸引本地区及全球更多专业人士参与。

自新冠疫情爆发已过去一年多。对比世界许多其他地方，中国经济正以良好势头复苏。随着疫苗供应的增加，人们希望疫情最严峻的时刻已经过去，世界可以恢复到新常态。

此外，我们已经看到世界各地政府向体系注入了大量流动资金，导致资本市场表现强劲。与此同时，中国在许多突出问题上的态度似乎与美国和欧洲都不一致。

在这样的背景下，中国的创业和私募投资从业者将采取哪些行动？他们将如何准备前进？他们最感兴趣的行业是什么？他们在同行的竞争中如何找准定位？随着对金融业（包括资产管理、资本市场、银行和保险）的监管日益严格，以及针对中国科技巨头的反垄断运动日益增多，当我们从遭遇了史无前例疫情的一年中摆脱出来时，公司和投资者会受到哪些影响？我们将从那些在中国部署资本的业者身上看到哪些策略？并购、二级市场、专注行业、SPAC（特殊目的收购公司）、以及PIPE（私人投资公开股票）等？

上述内容仅为本次峰会即将探讨的议题中的一小部分。我们诚邀您的参与。

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