SOURCE: China Ventures

November 16, 2005 13:04 ET

China Trade Summit 2005 Successfully Concludes Networking Event of Top Chinese Ministers/Business Directors With Leading US Execs and Investors

October Beijing Event Brought Together Over Twenty Different Venture Capital and Private Equity Funds Representing Over Fifteen Billion of Capital

BEIJING and SANTA MONICA, CA -- (MARKET WIRE) -- November 16, 2005 -- China Trade Summit organizer, AXSChina, today announced the success of the China Trade Summit, a four-day networking event from October 16-20, 2005, in which leading executives and business moguls discussed business opportunities/risks and strategies in the world's fastest growing economy.

The ministers and business leaders from China met with a group of high-level executives and investors from the US to China, including over 20 different venture capital and private equity funds representing over $15 billion of capital. The global companies represented were eBay, Eastman Kodak, Intel, Carlson Marketing Group, Watson Laboratories, Linktone, RightNow, Natrol, Morgan Stanley and many more.

The China Trade Summit conference began on Day 1 with session tracks which tackled the following current relevant topics: "China Entering the Global Economy: Opportunity and Risk," in which panelists looked at how governments and organizations are implementing World Trade Organization concepts and the implications on foreign companies doing business in China and the effects of the new change in currency regime; "Intellectual Property Rights and Protection in China" covered counterfeiting, piracy and reverse engineering in China and the government plan of action; "Outsourcing in China" found opportunities with outsourcing in China, dissected the strengths and weaknesses, and explained how foreign companies can tap into China's rich resources; "The Chinese Consumer and the Olympic Opportunity" took a look at what economic and political impact the 2008 Olympic Games in Beijing will have on China and the available business prospects as China transforms to a net importer.

The China Trade Summit (CTS) was the first event of its kind to bring together the head CxOs and executives of top multi-national companies, venture capitalists and institutional investors from around the world with the government and business leaders of China, the hottest growing economy of the 21st Century. CTS gave unprecedented access to some of the most influential leaders of China in an intimate, one-on-one environment that helped build and foster Guanxi (relationships). Attendees had the chance to meet and see some of the hottest new companies, technologies and entrepreneurs from China and heard some of the top Chinese ventures present their ideas at VentureFest China, where eight Chinese companies representing all facets of Chinese industry presented in front of a distinguished panel of US venture capitalists. The Best of VentureFest award went to Shanghai-based nLighten, a display technology company.

Day 2 of the China Trade Summit was comprised of a Tech Tour visiting Zhongguancun Science Park, the "Silicon Valley" of China and Tsinghua University, the "MIT" of China. The Tech Tour was hosted by Liu Xiaomin, General Manager of the Zhongguancun Science Park International Incubator, home to 9 universities and hundreds of high-tech Chinese companies, and Jeromy Xue, Managing Director of Ventures for Tsinghua University.

Representatives from various provincial and local governments were on hand at the China Opportunities Showcase to share opportunities and introduce resources available in their regions that attendees could use immediately to develop new business opportunities.

The conference culminated on Days 3 and 4 in a Minister's Golf Tournament where attendees had the chance to play golf and interact on a one-on-one basis with the leading decision makers of China, including the Deng Xianqun, the sister of the late Chinese leader, Deng Xiaoping, and former Minister of Light Industry, Li Tieying, Vice Chairman of the National People's Congress, Tian Jiyun, the former Vice Chairman of the National People's Congress, Yu Zhenwu, former Air Force Commander-in-Chief, the former Minister for Commerce, the former Chairman of China Unicom, the former Chief of the Chinese Air Force, Wang Jun, Chairman of CITIC, Zhao Daojiong, former President of the Construction Bank of China, and many more. A complete list is available at http://www.chinatradesummit.com/index.php?option=com_content&task=view&id=12&Itemid=29. Greg Wallace of True North Capital Management won the Minister's Golf Tournament with a score of 72 to take home the Optimistic Cup 2005.

"The China Trade Summit was a huge success and opens a new window for high-level cooperation between China and the United States," said Rex Wong, Executive Director of China Trade Summit. "The mixture of a formal Conference, the Tech Tour and the more casual Minister's Golf Tournament provided a great environment to foster new Guanxi and creates a new forum to bridge the Sino-American gap."

About AXSChina

AXSChina helps companies access the world's fastest growing economy by developing and building successful strategies while developing and nurturing Guanxi (relationships) key to success in China. AXSChina provides market research, strategy consulting and in-depth analytical services on China for multi-national companies of all sizes doing business in China or looking to do business in China. AXSChina also produces events, such as China Trade Summit, focused on creating relationships through exchange. AXSChina is located in the United States at 3435 Ocean Park Blvd., Suite 207, Santa Monica, CA 90405. For more information, please contact info@chinatradesummit.com.

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