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Private equity in China: Durable opportunities
The Chinese investment landscape is currently facing significant headwinds due to both cyclical and structural factors, compounded by geopolitics. Despite these challenges, long-term investors remain optimistic, showing a keen interest in acquiring undervalued assets focused on technological innovation and energy transition—sectors that present resilient opportunities in the world’s second-largest economy. Our panel of seasoned private equity investors will highlight the path for private equity in China.
- How have private market investors adjusted their strategies in China over the past year? Where does China fit within a global portfolio?
- Which sectors are expected to remain lucrative and profitable amid the economic pivot?
- How attractive are current valuations, and is now the right time to invest?
- How are Chinese fund managers balancing and restructuring their RMB-USD funds?
Networking break
Cross-border deals: Navigating a new direction
Leveraging its position within a world-class manufacturing superpower and a leader in advanced digitalization, China’s private equity firms hold a strong standing in the global race for overseas investment, particularly in deploying emerging technologies. However, changes in the macro-environment and disruptions in global supply chains as well as the impact of tariffs highlight the hurdles to overcome when entering new and untried markets. A panel of international investors will share the strategies they have successfully deployed elsewhere.
- What is the competitive edge of Chinese fund managers investing overseas?
- How does global uncertainty reshape overseas expansion opportunities?
- What strategies are GPs using to effectively navigate new markets and deliver alpha?
- How are LPs responding to the change in strategy?
Sector focus: Consumer – a new bullish view
China’s retail sales growth is gradually picking up, supported by extensive regulatory stimuli to boost consumption. A significant uptick in spending on healthier lifestyles and enhancing experiences indicates that this vast market still holds enormous potential for investors. Other bright spots picking up due to the domestic consumption upgrade include new technologies like AI, automation and robotics, and green transition. Our diverse panel of investors will share their expertise on consumer trends, the hottest sectors and how they are capturing growth.
- What are the major trends for investors to tap into the Chinese consumer space?
- How can investors seize emerging opportunities in a rapidly evolving consumer market?
- State subsidies, trade-in policies, and lower interest rates: How can China’s further stimulus contribute to a consumption revival?
- How are GPs helping global brands pick the right strategy to capture Chinese consumer
Lunch
Exits: Choosing the right route to liquidity
With the current market uncertainty and LPs pushing for returns, GPs are becoming more creative in finding liquidity solutions. Chinese GPs are no exception. With IPO opportunities limited and trade sales unpredictable, firms explore alternative strategies for exits including M&A, secondary sales and continuation vehicles. How LPs view these alternative solutions can depend on the circumstances as industry leaders give their take on choosing the right solution for the right situation.
- What channels for exits are GPs exploring?
- Are public markets a viable path to liquidity for PE shareholders?
- Are secondaries becoming a necessary tool for liquidity?
- Continuation vehicles, how do you generate DPI?
Networking break
Venture capital: Deploying in the wave of China innovation
China's national hi-tech push has ignited a bit of a market frenzy as deal hungry venture capital funds pile into deep technologies, artificial intelligence, renewable energy, and other relevant applications that can drive growth. However, the macro environment will continue to impact investment decisions, despite this rebound and many investors remaining cautious of further investments. Is now the time to go all-in? Our panel of leading VCs will examine the latest trends defining the technology boom and predict the next big thing.
- What are the best opportunities emerging in China’s hard tech sector?
- How is the geopolitical context changing hi-tech venture capital fundraising in China?
- Who are the primary backers of industry investment funds?
- How is China’s long-term support for renewable energy creating sustainable growth?
The LP view – the new China strategy
The last few years have been difficult for Chinese private equity fundraisers with limited USD funds being raised. RMB vehicles, backed by government institutions, have filled some of the void. However, both types of LPs continue to take their own selective approach to their allocations with GPs that have proven track records being able to capture the lion’s share of new capital coming into the market. What does it take to successfully raised a China-focused fund nowadays? Our diversified panel of investors will take stock of the current situation and discuss their strategies for the market.
- When will global LPs return to Chinese private equity?
- Can domestic investors continue to play a bigger role in the future?
- Will the new semi-liquid products to appeal to China’s mass affluent?
- How are GPs evolving their strategies for future funds? What do LPs expect?
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