On September 12, 2015, 2015 Sequoia Capital CFO Club was held at Beijing JW Marriot. Close to 100 CFOs joined the event, and Jingtian & Gongcheng, as the only law firm invited, delivered a talk on the legal practice of how to bring the red-chips back to the domestic capital market.

Zhang Zhiqiang, Gao Xiang, Hu Zhengzheng, partners of Domestic Securities Department and Overseas Securities Department of Jingtian & Gongcheng talked in detail about how to select target capital market, how to determine the actual controllers, exit for foreign investors, overseas ESOP implementation, tax burden of unwinding red-chip structure, FX treatment, etc. They talked specifically on the common ways of capital circulation for foreign investors to exit, as well as restructuring plans.