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Sustained, powerful collisions between Washington and Beijing have had a reverberating impact across the business world, and especially on trade, capital flows and people. In 2018, the enactment of the Foreign Investment Risk Review Modernization Act (FIRRMA) expanded the authority of the U.S. government acting through the Committee on Foreign Investment in the United States (CFIUS) to review foreign investments including minority portfolio stakes not previously covered. The Export Control Reform Act of (ECRA) further tightened the US export control regime, including greater oversight of "emerging" technologies.


U.S.-China VC flows have already declined since 2018, and that slowdown is likely to deepen once FIRRMA implementing regulations are rolled out in early 2020. As technology competition heats up, it is more urgent than ever before for investors and companies to have access to accurate data and information about VC trends and the regulatory framework.


AmCham Shanghai is pleased to present a seminar on U.S.-China Venture Capital Trends and Regulatory Challenges from 9:00 AM to 11:00 AM, Tuesday, January 7 at the O'Melveny & Myers San Francisco offices. The session will feature a briefing on the latest trends in U.S.-China VC flows by Rhodium Group Partner and Research Coordinator at the U.S.-China Investment Project Thilo Hanemann and Rhodium Group Associate Director Adam Lysenko, an overview of the new CFIUS regulations including FIRRMA and their impact on VC flows by O'Melveny & Myers Counsel David Ribner, and a panel discussion and Q&A session.


About the U.S.-China Investment Project:

The U.S.-China Investment Project is a multiyear research initiative led by Rhodium Group and the National Committee on U.S.-China Relations that aims at providing greater clarity on capital flows between both nations. For the past five years, it has provided the public with research and analysis on foreign direct investment between both nations. In 2019, the program was expanded to include VC and other non-FDI equity transactions as well. More background information, data visualizations and an archive with past research are available on the US-China Investment Hub (www.us-china-investment.org).

Agenda

9:00 AM - 9:10 AM
Welcome Remarks by AmCham Shanghai
9:10 AM - 9:40 AM
U.S.-China Venture Capital Trends Update
9:40 AM - 10:10 AM
FIRRMA Update
10:10 AM - 11:00 AM
Panel Discussion and Q&A

Speakers

  • Thilo Hanemann (Partner at Rhodium Group)

    Thilo Hanemann

    Partner at Rhodium Group

    https://rhg.com/team/thilo-hanemann/

    Thilo Hanemann is a Partner at Rhodium Group, and leads the firm’s work on global trade and investment.

    Thilo supports the investment management, strategic planning, and policy analysis requirements of Rhodium clients within his fields of expertise. He is also a Senior Policy Fellow at the Mercator Institute for China Studies, Europe’s biggest China think tank, located in Berlin.

    Thilo’s research focuses on new trends in global trade and capital flows, related policy developments, and the political and commercial dynamics of specific transactions. One of his areas of expertise is the rise of emerging economies as global investors, and the implications for host economies and the global economy. His most recent work focuses on the evolution of China’s international investment position, and the economic and policy implications of this new trend.

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  • Adam Lysenko (Associate Director of Rhodium Group)

    Adam Lysenko

    Associate Director of Rhodium Group

    https://rhg.com/team/adam-lysenko/

    Adam Lysenko is as Associate Director at Rhodium Group, specializing in novel data-driven approaches to assessing China’s international investment flows and related policy dynamics.

    His areas of expertise include cross-border Chinese venture capital investment, Chinese inbound and outbound foreign direct investment as well as Chinese domestic investment and corporate organization, with an emphasis on emerging technology areas. Adam has co-authored several public reports on related topics and has been featured prominently in news media such as NPR, the Wall Street Journal and the Financial Times.

    Prior to joining Rhodium, Adam spent several years in buy-side institutional asset management roles overseeing fixed income and alternative assets portfolios. Adam was a Chartered Financial Analyst (CFA) charterholder from 2016 to 2018 and graduated Magna Cum Laude from Brigham Young University with a Bachelor’s degree in Economics. He is fluent in Mandarin Chinese.

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  • Kurt Berney (Partner at O'Melveny & Myers LLP)

    Kurt Berney

    Partner at O'Melveny & Myers LLP

    https://www.omm.com/professionals/kurt-berney/?sc_lang=en

    Kurt J. Berney represents technology, fintech, medical equipment/health care, new media, consumer and other companies, as well as the venture capital/private equity funds and investment banks that invest in and provide investment banking services to those companies. Kurt has more than 20 years of experience in diverse practice areas including cross-border mergers and acquisitions, public offerings and private debt and equity financings. He leverages his accounting background and public company governance experience to handle accounting and other special investigations.

    Kurt’s representative People’s Republic of China (PRC) clients include companies such as Acorn International, Mindray Medical, and WuXi Pharmatech, and numerous VC/PE and each of the major investment banking firms, including representing the underwriters in the recent LendingClub IPO. He is a frequent speaker/presenter on cross-border M&A transactions, the global IPO process, international capital markets and financing transactions.

    Prior to joining O'Melveny, Kurt was a partner with Silicon Valley's largest technology-focused law firm. He also practiced in the New York and Hong Kong offices of a major Wall Street law firm.

    Kurt also is a Certified Public Accountant.

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  • David Ribner (Counsel at O'Melveny & Myers LLP)

    David Ribner

    Counsel at O'Melveny & Myers LLP

    https://www.omm.com/professionals/david-j-ribner/

    David J. Ribner counsels US and foreign clients on international trade and investment regulatory matters, including trade and anticorruption compliance. His practice focuses on advising clients seeking national security approvals of foreign investment by the Committee on Foreign Investment in the United States (CFIUS). Mr. Ribner also counsels clients on US economic sanctions, export controls, customs laws, and antiboycott regulations as well as the Foreign Corrupt Practices Act (FCPA). His clients span a variety of industries, with a focus on companies operating in the technology and energy sectors.

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  • Ker Gibbs (President at AmCham Shanghai)

    Ker Gibbs

    President at AmCham Shanghai

    Ker Gibbs first came to China in 1985 and has worked in various roles giving him broad exposure to US-China relations and business issues facing American companies operating in Asia.

    In the 1990s Mr. Gibbs worked for the Boston Consulting Group in Shanghai. Since then he has split his time between Asia and Silicon Valley, serving in executive positions with Apple, Disney, and high-growth Internet businesses. He moved to Shanghai in 2002 as head of Asia Pacific for a Nasdaq-listed network security company that was acquired by McAfee. His career in high tech led him to banking; he became head of technology and media in greater China for HSBC. As an investment banker he worked with Alibaba, Baidu, and other firms advising on mergers and cross-border transactions.

    From banking Mr. Gibbs moved to direct investments. He was a founding investor in the Crystal Orange hotel group, helping grow the company to 130 properties and 1,500 employees in China. He also led successful investments in real estate, e-commerce, and medical technology companies.

    Before his appointment as president, Mr. Gibbs was elected three times to the Board of Governors of the American Chamber of Commerce in Shanghai and served as chairman for 2016 and 2017. He also sits on the board of the United Way in China and volunteers with Renewal, a local homeless shelter. He is an op-ed contributor to the Wall Street Journal, South China Morning Post, and other publications.

    Ker Gibbs holds a BA in economics from UCLA and an MBA from the Haas School of Business at UC Berkeley.

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Venue

O'Melveny & Myers San Francisco

Two Embarcadero Center, 28th Floor, San Francisco, CA 94111
San Francisco, California
United States

If you have any questions please contact Christine Zhao

Contact Organizer

+86 2162797119

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