Private Equity and Its Role in Supporting the Internationalization of Chinese Companies

Department of Strategy and International Business Research Seminar
Speaker: Yuebing Lu (Honorary Senior Research Fellow, Birmingham Business School)

Synopsis

There has been a rapid development of private equity in China during the past decade. Different private equity strategies have supported the Chinese economy and enterprises in various respects, such as innovation, SOE reform and Chinese companies’ going global. Private equity firms are also involved in the One Belt One Road initiative. Dr Lu will describe the strategies of private equity funds in which he has actively participated, namely the US SBOF, Sino-UK innovation fund, and Sino-German Mittelstand Fund. He will focus on the role played by these funds in helping Chinese companies in their internationalization process. Cases will be presented to illustrate how private equity funds support the acquisition of foreign firms by Chinese companies to expand to foreign markets and acquire foreign technologies. 

The Speaker

Dr Yuebing Lu is Chairman of the Board, Air Liquide (China) Holding Co., Ltd., Senior Advisor to Russell Reynolds Associates, Board director of Coller Capital in China, and a partner in the Sino-UK Innovation Fund and the Sino-German Middlestand Fund. He has worked in government, business and research in China for the past 30 years. In the financial investment field, he was the vice Chairman of China Funds of Siguler Guff, the Deputy President and Chief Investment Officer of China Jianyin Investment Co. Ltd. (the domestic investment platform of the China Investment Corporation), and Managing Director of Climate Change Capital. In the corporate field, he had been Executive Vice President of Alstom (China) Investment Co., Ltd., Vice President of Ford Motor (China) Investment Co., Ltd., and director for government and industrial partnerships in Caterpillar and Schindler. Earlier, he was research fellow in the Development Research Center of the State Council, the think-tank for the central government.

Dr Lu holds a B.Eng. from Tsinghua University, an MBA from McMaster University and a Ph.D. from Cambridge University.  He is a Fellow of the Judge Business School at Cambridge University and Fellow of Private Equity at the London Business School. He is a Professor in Finance and Director of the China Academy of Finance at Beijing Jiaotong University. He has published five books in the fields of strategy and finance.