2022 Global PE Forum was successfully held

On September 4, 2022, organized by the Global PE Forum Organizing Committee, Beijing Local Financial Supervision and Administration, Beijing Science and Technology Commission, Zhongguancun Science and Technology Park Management Committee, Beijing Haidian District People's Government, Beijing Chaoyang District People's Government, Beijing The "2022 Global PE Forum" hosted by the Municipal People's Government of Changping District and undertaken by the Beijing Fund Industry Association was successfully held in Shangri-La Hotel, Shougang Park. This forum was supported by nearly 30 local associations at home and abroad.

The theme of this year's Global PE Forum is "New Opportunities for the Development of Equity Investment under the New Pattern", and it adopts a combination of "online + offline". The forum invited nearly 50 domestic and foreign speakers, including government leaders, representatives of equity investment institutions, experts and scholars, representatives of industry associations and more than 100 participants. Focusing on the increasingly complex internal and external environment changes faced by the private equity investment industry, the participants discussed how private equity investment institutions can integrate into the new development pattern, seize opportunities, and play a pivotal role in promoting the high-level cycle of technology, capital and the real economy And other issues.

Forum scene

The opening ceremony of the forum was presided over by Li Wenhong, director of Beijing Local Financial Supervision and Administration Bureau, Jiang Guangzhi, deputy secretary-general of Beijing Municipal Government, Wang Jianping, director of the Second Department of Market Supervision of China Securities Regulatory Commission, Lin Jianhua, deputy head of Haidian District, Beijing, and deputy head of Chaoyang District, Beijing. Yang Beibei and Yang Renquan, executive deputy head of Changping District, Beijing attended the forum and delivered opening speeches.

Li Wenhong, Director of Beijing Local Financial Supervision and Administration Bureau

Jiang Guangzhi, deputy secretary-general of the Beijing Municipal Government, said that Beijing is not only a national financial management center, but also one of the most active regions for venture capital and equity investment in China. According to statistics, in 2021, there will be more than 2,400 equity investment cases in Beijing, with an amount exceeding 290 billion yuan, and the number of cases and investment amount will continue to rank first in the country. Beijing has 27,600 state-level high-tech enterprises, 113 unicorn enterprises, and 270 new high-tech enterprises are born every day.

Jiang Guangzhi, Deputy Secretary General of Beijing Municipal Government

Wang Jianping, director of the Second Market Supervision Department of the China Securities Regulatory Commission, said that since the private equity fund industry was brought under the supervision of the China Securities Regulatory Commission in 2013, my country's private equity and venture capital fund industry has developed rapidly, and the number of funds and management scale have jumped to the forefront of the world. From a practical point of view, private equity and venture capital funds play an important role in promoting direct financing and the real economy.

Wang Jianping, Director of the Second Department of Market Supervision, China Securities Regulatory Commission

Lin Jianhua, deputy head of Haidian District, Beijing, said that Haidian District has a cluster of high-end innovation elements and an active atmosphere of innovation and entrepreneurship. In recent years, Haidian District has accelerated the core area of Beijing International Science and Technology Innovation Center, and the innovation system has been continuously improved. At present, there are nearly 10,000 state-level high-tech enterprises, more than 50 unicorn enterprises, and 261 listed companies in the area. The innovation force is continuously high in Haidian. Lay the foundation for quality development.

Lin Jianhua, deputy head of Haidian District, Beijing

Yang Beibei, deputy head of Chaoyang District, Beijing, said that as an important window for international exchanges in the capital, Chaoyang District is highly export-oriented, has a strong business atmosphere, many innovative resources, and has a strong agglomeration effect. It has unique resource endowments and spatial advantages, forming an international It is a modern industrial system with finance, business services, culture, and high-tech industries as its core features.

Yang Beibei, deputy head of Chaoyang District, Beijing

Yang Renquan, the executive deputy head of Changping District, Beijing, said that Changping is a new plain city that the capital will focus on developing, as well as a science city, a university city, and an eco-city. Changping District has always attached great importance to the role of the capital market. It has successively established good cooperative relations with Sequoia, Hillhouse, CICC and other institutions, and established 8 government guidance funds, with nearly 1,300 investment projects and an investment amount of over 28 billion yuan.

Yang Renquan, Executive Deputy Head of Changping District, Beijing

Zhao Weiju, Deputy Director of Beijing Local Financial Supervision and Administration Bureau, presided over the announcement of the results of the forum.

Zhao Weijiu, Deputy Director of Beijing Local Financial Supervision and Administration Bureau

He Xiaofeng, professor of the Department of Finance, School of Economics, Peking University and vice president of the Beijing Fund Industry Association, said when releasing the PE index in Beijing in the first half of 2022 that the epidemic spread in many places in the first half of this year, the domestic economic recovery was not solid, and the external environment was uncertain and other factors. In the first half of the year, the index in Beijing declined, but with the gradual and effective control of the epidemic and the introduction of a series of stabilizing growth measures by the regulatory authorities, confidence in the capital market has been continuously restored.

When Professor He Xiaofeng released the 2022 China Private Equity Investment Fund Performance Benchmark, he said that China's private equity market is showing a trend of rapid growth, and the industry urgently needs to build a more powerful performance benchmark to standardize industry operations and improve the transparency of its returns. Therefore, Beijing Fund Industry Association has reached a long-term cooperation with Preqin, a global research institution that provides industry data and market analysis insights on alternative assets, to jointly launch the performance benchmark of China's private equity fund industry.

Fund Industry Association, released the outstanding cases of "Future Sustainable Investment" in 2022 at the forum. The first batch of 20 outstanding cases included Sequoia China, IDG Capital, Hony Capital, 11 institutions including CPE Yuanfeng and Ping An Bank, and 9 investee companies including BeiGene, Yuanqi Forest, and Moka Biology. From these excellent cases, it can be found that ESG investment and sustainable investment have become important considerations for investment institutions in the whole cycle of “raising, investing, managing, and withdrawing”.

Xu Lin, Chairman of China-US Green Fund and Vice President of Beijing Fund Industry Association

Cheng Jiuyan, general manager of Beijing Equity Exchange Center Co., Ltd. released the results of the blockchain-based private equity fund share transfer platform. The ownership of the target involves various types of finance, state-owned enterprises, commercial banks, private institutions, etc., realizing the full coverage of service private fund types, fully activating the effective flow of science and technology capital, and injecting great impetus into the development of the S fund market. 

Cheng Jiuyan, General Manager of Beijing Equity Exchange Center Co., Ltd.

The second half of the morning forum was presided over by Fang Fenglei, President of Beijing Fund Industry Association and Chairman of Hopu Investments. Li Yang, member of the Chinese Academy of Social Sciences, chairman of the National Finance and Development Laboratory, Huo Xuewen, chairman of Bank of Beijing, Xu Lin, chairman of China-US Green Fund, Liu Sai, executive director of Pan Atlantic Investment Group, Christoph, CEO of Ruiqin · Conak delivered keynote speeches respectively.

Fang Fenglei, President of Beijing Fund Industry Association and Chairman of Hopu Investments

Li Yang, a member of the Chinese Academy of Social Sciences and chairman of the National Finance and Development Laboratory, said that China needs to develop PE. We have been working hard in recent years, and many trading mechanisms dedicated to high-tech services have been introduced. The state advocates new development and high-quality development, and the focus of high-quality development is innovative development. Innovative development is to fully introduce the high-tech trading mechanism into the industrial structure. The source of the high-tech trading mechanism is PE.

Huo Xuewen, chairman of Bank of Beijing, said that Bank of Beijing has formed the following work patterns in the field of private equity investment: (1) Build an "ecosphere" for customer aggregation, and do a good job in "raising, investing, managing, and withdrawing" private equity investment. Comprehensive service provider; (2) Be a "guardian" of asset custody and strengthen the "custodian" of fund security; (3) Create an open and win-win "community" and be an "accelerator" for science and technology innovation enterprises; (4) Explore the "new model" of promoting investment and loan linkage, and be the "engine" for corporate growth. Next, Bank of Beijing will provide financial support and services for VC/PE and VC/PE-invested enterprises in all aspects of "raising, investing, managing, and withdrawing".

Huo Xuewen, Chairman of Bank of Beijing

Xu Lin, chairman of Sino-US Green Fund, said that investment institutions will face many challenges in the future, but at the same time they will also face many opportunities and changes. Affected by factors such as the new crown epidemic, the Russian-Ukrainian war, and the strategic competition between China and the United States, the overall development environment is also developing and changing. ESG investment is a new opportunity and a new challenge. ESG investment involves the environment, society and governance. The standards of some different fields involved in ESG are not exactly the same in China and other countries. This requires our investment institutions to take into account some challenges and risks when grasping ESG investment opportunities.

Xu Lin, Chairman of China-US Green Fund

Sai Liu, Executive Director of General Atlantic Investment Group, said that General Atlantic Investment Group will continue to give full play to its own advantages and capabilities. In the turbulent international environment, when uncertainties are determined on various roads, it will stick to its own investment views and judgments, and be firm and unswerving. Shift empowers outstanding entrepreneurs to innovate and develop, continues to help outstanding companies grow and mature, and takes practical actions to effectively promote global economic recovery.

Liu Sai, Executive Director of General Atlantic Investment Group

Christopher Konak, CEO of Preqin, said that driven by multiple structural factors, including alignment of interests, improving communication efficiency, providing professional guidance and networking resources, private equity investment can indeed help The company improves the experience and drives growth. The Chinese market is dynamic, constantly changing and extremely attractive, and it is expected that PEVC funds focusing on investing in China will continue to attract the attention of domestic and international investors.

Christopher Konak, CEO of Preqin

The forum held the unveiling and signing ceremony of BPEA Private Equity Academy. BPEA Private Equity Academy is a professional learning and exchange platform for China's equity investment industry under the Beijing Fund Industry Association. It relies on senior PE/VC practitioners, investment bankers, listed companies and industrial companies. Enterprise executives, industry analysts, experts and scholars, and many other lecturer resources, systematically carry out training in the equity investment industry, and provide valuable learning plans and solutions for the healthy development of financial institutions and the cultivation of key talents.

BPEA Private Equity Academy Unveiled

At the same time, the cooperation agreement between Beijing Fund Industry Association and Green Exchange, and the cooperation agreement between Beijing Fund Industry Association and Chaoyang District Financial Office were signed at the forum.

Beijing Fund Industry Association signed a contract with Beijing Green Exchange

Beijing Fund Industry Association signed a contract with Beijing Chaoyang District Financial Services Office

The afternoon forum focused on the opportunities and challenges of sustainable investment in the future from "optional" to "required", and finance helps "specialized, special and new" enterprises to develop high-quality, change and remain unchanged: new trends in the LP market, the practice and development of S funds Trend, new energy, new stage, new direction, agricultural science and technology investment logic and opportunities under the great change of the century, counter-cyclical investment logic and strategy in the medical and health field, post-epidemic era, the persistence and breakthrough of alternative investment, eight parallel forums were held. Each parallel forum invites well-known representatives, experts and scholars in the equity investment industry related to the theme to share their wonderful views and valuable experiences.

Parallel Forum 1: From "Optional" to "Required", Opportunities and Challenges of Future Sustainable Investment

Parallel Forum 2: Finance Helps High-Quality Development of "Specialized, Specialized and New" Enterprises

Parallel Forum 3: Changes and Changes, New Trends in the LP Market论坛三：变与不变，LP市场新动向

Parallel Forum 4: Practice and Trend of S Funds

Parallel Forum 5: New Energy, New Stage, New Direction

Parallel Forum 6: Logic and Opportunities of Agricultural Science and Technology Investment under the Great Change of the Century

Parallel Forum 7: Countercyclical Investment Logic and Strategy in Healthcare Field

Parallel Forum 8: Persistence and breakthroughs in alternative investments in the post-epidemic era

At present, the international situation is turbulent, the epidemic situation is repeated, and the external environment is more complex, severe and uncertain. The 2022 government work report once again emphasized the general task of financial work to build a multi-level capital market, support the real economy, and improve the quality of development. As China's economy moves from a period of rapid development to a period of quality improvement, equity investment with strong stock resource allocation capabilities will undoubtedly play a more important role in promoting the quality reform of the real economy through finance. With the continuous improvement of the policy environment of the equity investment industry and the continuous optimization of the business environment, it will continue to exert its potential to inject new vitality into the development of the real economy in the future.

The above content comes from Beijing Fund Industry Association