Asian Capital Markets have been very active in the last few years. The current financial crisis which originated in the United States inevitably impacted Asia. It created both challenges and opportunities for the Asian Capital Markets. This panel will explore such challenges and opportunities in the context of the worldwide economic situation. Panelists will share their expertise and experiences in practicing in and researching Asia. They will also provide opinions and insights on the future development of the Asian Capital Markets.
Partner, Davis Polk & Wardwell
Mr. Lin is a partner in Davis Polk & Wardwell's Corporate Department, practicing in the Hong Kong office. His practice focuses on public and private corporate finance transactions, including initial public offerings, convertible and high-yield debt offerings and private equity investments, and mergers and acquisitions. He has worked on some of the most significant capital markets transactions in Asia. He advised China Merchants Bank on its $2.66 billion HKSE listing; Air China on its privatization and $1.24 billion HKSE/LSE listing; and the underwriters in the privatization and NYSE/HKSE listing of Aluminum Corporation of China. Mr. Lin has also worked on several Nasdaq IPOs, including the $124 million listing of Baidu.com and the $468 million listing of Himax Technologies. He has extensive experience in high-yield debt offerings, including the $400 million offering by Agile Property, $100 million offering by China Orienwise and the $580 million offering in connection with the management buyout of Asia Aluminum.
He joined Davis Polk in 1998 and became a partner in 2007.
Mr. Lin graduated, summa cum laude and Phi Beta Kappa, from Harvard University in 1991 and in 1998 received his J.D., cum laude, from Harvard Law School. He also received his M. Phil. and D. Phil. in International Relations from Oxford University in 1993 and 1996, respectively, where he was a Rotary Foundation Scholar.
He is listed as a leading lawyer in Chambers Asia (2009).
Partner, Milbank, Tweed, Hadley & McCloy LLP
Douglas Tanner is the Head of the Global Securities Group of Milbank, Tweed, Hadley & McCloy LLP, based in the New York City office. Previously, Mr. Tanner was the managing partner of the Hong Kong office of the firm. He was also Head of the Firm's Asia corporate and finance practices, overseeing mergers and acquisitions work and debt and equity offerings in the Hong Kong, Singapore and Tokyo offices.
Mr. Tanner began doing transactional work in Asia in 1991, and advised on the NYSE IPO of China Brilliance Automotive, the first SEC-registered offering by a China based business. In his 10 years based in Asia, Mr. Tanner advised on the first SEC-Registered U.S. IPO of an Indonesian company, SEC-registered and Rule 144A/Regulation S high yield debt offerings, convertible bond offerings. His work for issuers and underwriters includes capital market offerings in China, Korea, Taiwan, Hong Kong, the Philippines, Japan, Indonesia, Thailand, Malaysia, Pakistan and India, including offerings for United Microelectronics Corp., Petroliam Nasional Berhad, Korea Telecom and Asia Pacific Resources International.
Mr. Tanner continues to oversee capital markets and mergers and acquisitions transactions in Asia, currently working on one Nasdaq National Market IPO and two HKSE IPOs with global tranches.
Mr. Tanner graduated, with distinction and Phi Beta Kappa, from Stanford University in 1974 and received his M.B.A. from the Stanford Graduate School of Business and his J.D., Order of the Coif, from Stanford Law School in 1978. He was the Senior Note Editor of the Stanford Law Review. He clerked for Judge Joseph T. Sneed on the U.S. 9th Circuit Court of Appeals.
Partner, King & Wood
Mr. Jin Qingjun specializes in securities, investments, finance, real estates, bankruptcy, and litigation, etc.
Mr. Jin is one of the earliest lawyers licensed to practice securities law. He served as legal counsel of Shenzhen Stock Exchange and as director of the Listing Supervisory Committee. Currently, Mr. Jin works as legal counsel for a number of financial institutions, securities companies, listed companies and other enterprises.
Mr. Jin participated in acquisition of equity in several Chinese banks, litigations and arbitrations relating to foreign interests, drafting and negotiation of contracts with foreign companies, listing of a number of companies within or outside China, establishment and issuance of fund, and foreign investment transactions.
Mr. Jin Qingjun joined King & Wood in 2002. Before joining King & Wood, he practiced in Johnson Stocks & Master Solicitors in Hong Kong, Clyde & Co., C & C Law Office and Shu Jin & Co. Law Firm.
Mr. Jin got his BA in English language and literature from the Foreign Language Department of Anhui University and his LLM from the Graduate School of China University of Political Science and Law. He was admitted as Chinese lawyer in 1990. Mr. Jin is proficient in Chinese and English.
Li Jin (Moderator)
Associate Professor, Harvard Business School
Li Jin is an associate professor in the finance area at the Harvard Business School. He currently teaches the required finance course in the first year MBA program. His primary research interest is in empirical corporate finance and asset pricing. His current researches study trading patterns of institutional investors such as hedge funds, mutual funds and pension. He has also studied compensations of corporate managers and the comparison of securities markets across countries.
Professor Jin received his Ph.D. in finance from the MIT Sloan School of Management in 2001, and a bachelor's degree in economics from Fudan University in 1992. Before entering graduate school, he was a full time faculty member at Fudan University, and has worked as a part time consultant in the Investment Banking Division of Shanghai International Securities Co. Ltd. He lives in Belmont with his wife Fiona and two sons Alexander and Derek.