The 2nd internal forum on China¡¯s PE investment held by Chinese Venture was convened in the Westin Hotel, Finance Street, Xicheng District, Beijing on 19 July 2009.
This forum was held under the background that Implementing Measures for Transferring Certain State-Owned Shares to the National Social Security Fund in the Domestic Stock Market was jointly issued by Ministry of Finance, State-owned Assets Supervision and Administration Commission, Social Security Fund, Securities Regulatory Commission and Circular on strengthening the management and filing of Venture Capital Enterprises and strictly regulating the fund raising of Venture Capital Enterprises was issued by Development and Reform Commission.
The present institutions include State-owned Assets Supervision and Administration Commission, Securities Regulatory Commission, Development and Reform Commission, Insurances Regulatory Commission, Social Security Fund, policy banks, commercial banks, insurance agents, direct Investment department of securities companies, national state-owned enterprises and domestic and overseas PE funds. Richard Wang & Co. was invited as the sole law firm to this forum. The attendance enjoyed a hot discussion on the topic of this forum ¡ª The State-owned Shares held by PE Fund to be transferred and the legal risks during RMB Fund¡¯s raising and establishment.
Ms. Catherine Chen was invited to deliver a speech, and enjoyed a hot discussion and communication with government officials, investors and Media Correspondents. Ms. Chen introduced the existing and potential impacts will be imposed on the injection of state-owned shares into PE Funds if state-owned shares will be transferred. She further explained in details the legitimate basis and the practical experience on avoidance of illegal financing during funds raising.
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