An example of the kind of deals getting done in this current climate is Ushi, a Chinese version of LinkedIn founded by former Hong Kong investment banker and serial entrepreneur Dominic Penaloza.

FORBES: China deals, funds still strong despite new reality: ask Ushi, NLVC

Founder Dominic Penaloza, a Chinese Canadian serial entrepreneur selected 100 influential business and tech leaders as charter members and informal advisers, then relied on these contacts to invite their connections to join.

FORBES: What's Left To Clone In China

Penaloza and Joshua Maa of Madhouse are two of the top tech entrepreneurs who will be speaking at our Silicon Dragon Shanghai event, Nov. 7, along with venture capitalists Hurst Lin, Helen Wong, Dick Kramlich, Gary Rieschel and David Yuan plus Silicon Valley Bank chairman Ken Wilcox.

FORBES: China deals, funds still strong despite new reality: ask Ushi, NLVC