Institutional Investors' Roundtable:
People's Republic of China and India: State of Affairs and Implications for Private Equity Investors
6 May 2006 (10:00 a.m. - 12:00 p.m.)
The rapidly growing economies of India and the People’s Republic of China
(PRC) are today’s most eagerly watched markets. Strong economic growth rates are
driving unprecedented wealth creation and hence a burgeoning middle class. India’s
middle class alone consists of about 350 million people, which is equal to the populations
of the United States and the United Kingdom combined. The PRC has lifted hundreds
of millions out of poverty in the most rapid and far reaching economic transformation
in history. It is critical that world and business leaders grasp the ramifications of
the rise of Asia in the context of globalization.
Clyde Prestowitz, president of the Economic Strategy Institute in Washington,
DC, and author of the recently published Three Billion New Capitalists: The Great Shift of
Wealth and Power to the East will explain the powerful trends occurring throughout Asia
and the world and how the resultant shift in wealth and power to Asia will affect the
global economy and its markets and world politics. He will paint the backdrop for a
more focused discussion on the challenges and opportunities that this new evolving
world economic order presents for private equity investors in the PRC and India. A
distinguished panel of private equity investors will relate their own experiences in working
in these two dynamic but often unwieldy markets.
This year’s investor round table aims to shed some light on these two daunting
markets.
- How should government and business leaders throughout the world reshape
their strategies in light of rapid changes in the global landscape and world
financial markets?
These two biggest emerging markets arguably offer the greatest potential for
private equity, but what are the realities of venture capital and private equity
in these two giants?
Is a venture capital and/or private equity culture developing in either
country?
What are the differences between the two?
How do their regulatory and legal environments differ?
Are there cross-border investment opportunities between the PRC and
India?
-
What are the two countries’ comparative advantages?
Failure to invest because of inherent structural weaknesses could mean
missing out on unprecedented returns. How do private equity investors
convince both overseas and domestic investors that the risks are reasonable?
How are risk-adjusted returns that are comparable with performance levels
of the world’s more mature economies going to be achieved, or has this
started to happen already?
What are the biggest barriers and challenges facing the PRC and India?
| PROGRAM/SPEAKERS |
| Time |
Speaker | Topic |
| 10:00 a.m. |
Robert Bestani
Director General, Private Sector Operations Department, ADB | Welcome and introduction of moderator |
| 10:05 a.m. |
Paul Fletcher
Senior Managing Director, Actis | Introduction |
| 10:10 a.m. |
Clyde Prestowitz
President, Economic Strategy Institute | Keynote address |
| 11:00 a.m. |
Investor panel:
Richard H. Frank
CEO, Darby Overseas Investments, Limited
Renuka Ramnath
Managing Director and CEO, ICICI Venture Funds, Management Company, Limited
Fanglu Wang
Managing Director, Asset Management, CITIC Capital
| |
| 11:40 a.m. |
| Questions and answers |
| 11:55 a.m. |
| Concluding remarks and discussion wrap-up |
| |
Moderator:
Paul Fletcher
| |
Read the news release
For further information, contact Ms. Veronica John, tel: (63-2) 632-6448, email:vljohn@adb.org
 |
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