Managing Capital in and for China: Where Will It Go from Here?
Zhiwu Chen Yale ’90 Ph.D
Professor of Finance, Yale School of Management
Shirley Chen Yale ’95 MBA
Chairwoman, CICC Private Equity; Managing Director, China International Capital Corporation Limited
Meng Liang Yale ’97 MPPM
Founding partner, Ascendent Capital Partners (Asia) Ltd.
Vice Chairman and President, China Life Group
Founder, Chairwoman & CEO, Noah Holdings Ltd.
For more than three decades, investing into China has been the story of the day. Players such as Sequoia, idg Ventures, cdh Investments, and Warburg Pincus have not only made great returns for their investors, but also provided unique capital for Chinese entrepreneurs and nurtured a new generation of star enterprises such as
Tencent, Ctrip, Baidu, Alibaba, Sina.com, and many others. Now, with China’s foreign exchange reserves exceeding $4 trillion and household wealth passing $60 trillion, outbound investing from China has gained new momentum. How are Chinese corporations, pe funds, and individual investors doing in their “go out” strategies? What challenges and opportunities do they have outside China? With more capital going out of China, will there still be room for foreign capital to come in?
Convened by the Yale School of Management. Sponsored by Noah Holdings Limited.