NEWS 2006
[10/19/2006]
JAPAN-CHINA GATEWAY EVENT - Thursday October 19th, 2006
EVENT OVERVIEW
We are seeing the globalization of the capital markets. Companies, investors, stock exchanges are looking worldwide for the growth opportunities. China is the hotbed of Asian IPO activities, not surprisingly, since the Chinese economy has been growing at more than eight percent per annum over the last twenty years. Large and technology companies in China tend to prefer to go public on US stock exchange, to take advantage of the investors’ sophistication, the market depth and the liquidity.
Increasingly, however, Chinese companies are looking to go public in Asia and Europe, as US stock exchange does not meet the needs of every one. The notable gainer thus far has been Hong Kong, which has staged some of the biggest non-tech China IPOs and many smaller ones. Since listing their first Greater China’s IPO in year 2004, Tokyo Stock Exchange has been actively marketing themselves to Chinese start-ups. Japan markets, established and highly regulated like the US, appear distance candidates in the mind of many Chinese companies planning an IPO.
Nevertheless, there are unique merits and untapped opportunities going public in Japan. This Japan-China Gateway Event provides a unique platform for participants to hear from Chinese companies, and venture capital firms why they opt to go public in Japan. Delegates from the Tokyo Stock Exchange and Nomura Securities will also be present to speak about their advantages and to answer queries. In addition to taking advantage of potentially higher market capitalization, listing in Japan allows Chinese companies who target Japanese market to build credibility and experience in Japan.
Mitsui Ventures will open doors to Chinese venture business and venture capitalists and their portfolio companies to access executives and investors from Japan. Furthermore, Mitsui Ventures would also like to be a bridge accelerating the in-depth acquaintance and understanding between Chinese venture business and Japanese company.
If you are involved in planning an IPO, whether as the investor or as the IPO aspirant, this is a golden opportunity for you to know deeper about the Tokyo markets and to aid you in your IPO markets comparison. If you are looking to expand your business into Japan , this event is also a useful bridge to connect you to major Japanese companies. We look forward to you joining us in this unique event.
Japan-China Gateway Event is a series event with Japan-Silicon Valley Gateway Event which was successfully held in California, United States in April 2006 by Mitsui Ventures. The event brought together executives from Asia and US venture capitalists to develop relationships and knowledge to accelerate business development.
| DATE & TIME | THURSDAY, OCTOBER 19TH, 2006 13:00-19:30 |
|---|---|
| LOCATION | ST. REGIS HOTEL, BEIJING (Beijing International Club) |
| AGENDA |
OPENING Session 1 - Bridging Two Markets Session 2 - Japan IPO Session 3 - REAL Japan IPO Story Cocktail Reception |
OPENING
- 13:00-13:30 Registration & Networking
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13:30-13:40 Opening Remarks
Osamu Nagao, Mitsui Ventures, President & CEO
- VIP Introduction
- Overview of Mitsui Ventures -
13:40-13:50 Welcome Remarks
Osamu Mori,
Mitsui & Co., Ltd., Executive Managing Officer,
Chief Operating Officer, Financial Markets Business Unit
Session 1 - Bridging Two Markets
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13:50-14:20 Approach to Japanese Market from Chinese VC’s perspective
DongLiang Lin,
IDG Technology Venture Investment,
General Partner
China and Japan are at the different stages of the economic development. Both have different comparative advantages and barriers, but the two stand to gain from closer collaboration. For Chinese VBs, their successful alliances with Japanese enterprises and penetration into the Japanese market require mutual understanding of the needs of each party and adaptation to local market conditions. Chinese VCs could leverage their Japanese networks and contacts to help Chinese VBs approaching the Japanese market. Hear from IDG:
- Comparing business challenges and opportunities in China and Japan,
- Finding suitable business opportunities in Japan for Chinese VBs,
- Accessing new technologies in Japan for Chinese VBs,
- Challenges Chinese VBs will have to overcome in Japan. -
14:20-14:50 Outlook of Mobile Sector in Japan, Expectations to Chinese VBs
John Yoshimune Ishii,
NTT DoCoMo, Inc., Shanghai Rep. Office,
Chief Representative
Though 3G mobile sector in Japan has entered a mature market phase, the overall Japanese mobile market is in a dynamic period of activity driven by mobile data services. Wireless internet and mobile data services have helped keeping Japan mobile market stimulated. Japan leads the world in wireless Internet users. After mobile music, what are the next big things? Many industry watchers are looking at mobile games and mobile TV broadcasting. How about mobile commerce and mobile IP telephony? What are the key mobile application trends and outlook in Japan? Hear from NTT DoCoMo:
- Key Technology and business trends of mobile communication in Japan.
- What could Chinese mobile VBs learn and expect from Japan experience?
Session 2 - Japan IPO
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14:50-15:20 Destination to Tokyo, Introduction to Tokyo Market
Hirokazu Saito,
Tokyo Stock Exchange,Inc.
Director, Listing Promotion
Many international stock exchanges are courting Chinese companies. In addition to NASDAQ, London’s AIM, Hong Kong Stock Exchange, Singapore Exchange, some industry watchers view Tokyo Stock Exchange and the MOTHERS market of high-tech and emerging stocks as attractive places for start-ups or growth companies to go public to take advantage of Japan’s potentially higher market capitalizations. Hear from Tokyo Stock Exchange:
- TSE’s Listing Promotional Policy on non-Japanese Companies
- Benefits of TSE Listing
- Listing Criteria of TSE -
15:20-15:50 Key for Success - IPO in Japan
Noriaki Miyano,
Nomura Securities,
Senior Managing Director
Tokyo Stock Exchange has been marketing to foreign companies, particularly to Asian start-ups. Recently, there have been an IPO boom in Japan encouraged by rising corporate earnings and stock prices. However, there are challenges to overcome in respect of listing in Tokyo for a foreign company, for instances, investor relations; the prospect of stricter regulations; Japanese investors’ unfamiliarity with the target foreign company. What are the key success factors for listing in Japan? Hear from Nomura Securities:
- Lessons learned from foreign companies listing in Tokyo,
- How to deal with Japanese listing regulations and regulators,
- Key success factors of listing in Japan. - 15:50-16:00 Q&A
- 16:00-16:15 Coffee Break
Session 3 - REAL Japan IPO Story
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16:15-16:35 Experience Sharing with Xinhua Finance - The Way to TSE Mothers
Xihnhua Finance Limited
We will have an opportunity to hear a real story of going public in Japan. Xinhua Finance is China's unchallenged leader in financial information and media services, and is the first foreign company solely listed on Tokyo Stock Exchange’s Mothers Board in 2004. When the time of most Chinese companies are hot about making NASDAQ/HKSE story, Xinhua Finance chose TSE Mothers; what Xinhua Finance sees from Japan market and how they stepped on the way to IPO in Japan? A series of queries and the veil of Japan IPO market will be unclosed by Xinhua Finance: -
16:35-17:15 Panel Discussion
"Opportunities and challenges of a Chinese VBs going public in Japan”
Panelists:
- Hirokazu Saito, Tokyo Stock Exchange, Director, Listing Promotion
- Noriaki Miyano, Nomura Securities, Senior Managing Director
- Howard Zhang, O'Melveny & Myers LLP, Beijing Office, Managing Partner
- Toru Nakatsuka, Deloitte Touche Tohmatsu, Partner
Moderator: Nobuhiro Shimizu, Mitsui Ventures Shanghai Rep. Office, Chief Representative
Alongside NASDAQ, many stock exchanges including Tokyo Stock Exchange are jostling to capture new IPO business from Greater China. In 2004, Xinhua Finance, a Hong Kong-headquartered company, became the first previously unlisted company to go public in Japan. Recently, several Chinese companies are targeting an IPO on Tokyo Stock Exchange’s MOTHERS, but there are still challenges to overcome in Japan because the investors may be unfamiliar with the unique China environment. What attracts Chinese VBs towards Japan IPO route? Hear from a panel consisting of listing professionals:
- Decision criteria to select to go public in Japan
- Key trends and outlook for IPO activity in Japan;
- Advice for Chinese companies thinking of going public in Japan;
- What are Japanese investors looking for in a Chinese company about to list in Japan. - 17:15-17:25 Q&A
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17:25-17:30 Closing Remarks
Masamutsu Shinozaki,
Mitsui & Co., Ltd.,
Corporate Development Division,
General Manager
Cocktail Reception
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17:30-19:30 Cocktail Reception & Networking
Reception Speech
Toshihiro Soejima,
Mitsui & Co., Ltd.,
Senior Executive Managing Officer
Executive Chief Representative in China
Don Ye,
Tsinghua Venture Capital Management,
President & CEO
HOST - Mitsui Ventures, the venture investment arm of Mitsui & Co., Ltd., is a provider of early stage venture capital for various types of entrepreneurial ventures in the world. MVC Corporation based in Tokyo is the headquarters of Mitsui Ventures, with its US subsidiary, Mitsui & Co. Venture Partners (MCVP), located in New York and Silicon Valley. Mitsui Ventures, capitalizing on its special expertise in helping build and grow business globally, manages more than US$ 350 million in venture capital. MVC set up its representative office in Shanghai in August 2005 to cover venture investments in Greater China.
CO-HOST - Tokyo Stock Exchange (TSE), operating venture market (Mothers) as well as main board market (1st / 2nd section), is the second largest securities market in the world and the largest securities market in the Asia-Pacific region in terms of market capitalization. TSE makes the utmost effort to maintain abundant liquidity and a high level of market soundness, and to provide market participants both domestic and global with attractive investment opportunities.
