The European Chamber is pleased to invite you to the next Private Equity & Strategic M&A Working Group meeting on Monday, 19 January 2015, 4pm-6pm atour Beijing and Shanghai offices.

The Working Group will have the pleasure of inviting Mr Yan Hong, Professor at Shanghai Jiaotong University’s Advanced Institute of Finance who will give a presentation on ‘The Development of the OTC Exchange in China’.

Fundraising via China’s over-the-counter equity exchange has increased tenfold this year, as the platform emerges as an increasingly viable financing channel for companies that might otherwise wait years to list on the main stock exchanges.  The number of companies traded on the National Equities Exchange and Quotations has risen from around 350 at the start of the year to 1,271, of which around 80 per cent are high-tech groups. Fundraising totalled Rmb11bn ($1.8bn) as of late October, up from less than Rmb1.1bn in full-year 2013. China’s leadership has pledged to increase the role of capital markets in the financial system in order to reduce reliance on large, state-owned banks, which often shy away from lending to smaller companies. Increasing equity finance could also help slow the worrying buildup of Chinese corporate debt since the financial crisis.

 Agenda

1.     Presentation on ‘‘The Development of the OTC Exchange in China’ by Mr Yan Hong, Professor at Shanghai Jiaotong University’s Advanced Institute of Finance

2.     Q&A

3.     AOB

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