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Industry Lobbying Pays Off In Hong Kong With Inclusion in Tax Exemption for Offshore PE Investments Announced in Budget Speech
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28 February 2013, Hong Kong---The Hong Kong Venture Capital and Private Equity Association (HKVCA) today expressed its deep satisfaction with the statements made in relation to private equity in the budget speech delivered by the Financial Secretary of the Hong Kong Government, John Tsang, today, following discussions and lobbying on behalf of the industry.
In his speech, Tsang announced that private equity investments made in companies outside of Hong Kong would now qualify for the Profits Tax Exemption for Offshore Funds, an exemption which has been in place for over five years but up to now excluded investments in private companies, which had placed restrictions on the development of the local private equity industry.
HKVCA Chairman, David Pierce, explained, "The HKVCA represents the interests of the private equity and venture capital industry in Hong Kong and we had been in discussion with the Financial Services and Treasury Bureau (FSTB) about the need for tax reforms in the treatment of private equity in Hong Kong. We are delighted with this outcome on behalf of all of our members and for Hong Kong's reputation as a world class financial services centre."
For details, please download it here.
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For Full Program, please download it here. |
 
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| Date: |
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| Time: |
8:00 - 9:00am |
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| Venue: |
Hong Kong Club |
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Seats are limited and for members only
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HKVCA 12th China Private Equity Summit in June 11, 2013
N101, Hong Kong Convention & Exhibition Centre (New Wing)
In the last few years, we have seen a boom in the domestic private equity/venture capital industry in China, followed by a sharp decline in 2012, in terms of the amount of funds raised, investments and divestments. Is the downturn cyclical, or are we seeing structural changes in the industry? How do PE/VC firms position themselves amid the changes?
Closer to Hong Kong, Qianhai is being developed as an experimental zone to spearhead financial reform, particularly in cross-border capital flows. A set of provisional measures on the establishment of private equity investment enterprises involving foreign capital has been promulgated. How do practitioners in Hong Kong take advantage of the Qianhai opportunity?
第十二届中国私募投资高峰会2013年6月11日
香港会议展览中心N101室 (新翼)
经历了数年飞跃发展后，中国本土创业及私募投资行业在2012年在募集资金，投资及上市退出方面出现明显下滑。这情况只是周期性下行，还是显示整个行业已出现了不容忽视的结构性转变？创业及私募投资公司应如何找准定位，适应这些变化？
紧邻香港，深圳前海地区已被指定为中国金融改革，特别是跨境资本流动方面的先行试验田。一套关于开展外商投资股权投资企业试点工作的暂行办法已经出台。香港业界该如何把握此次前海良机，实现互利共赢？
Some of the confirmed speakers:
Conrad Tsang, Baring Private Equity Asia
Chris Leahy, Blackpeak Group
Alvin Li, CCB International
Jacob Chiu, FLAG Squadron Asia
Margaret Shao, Fortune Venture Capital
William Shen, Headland Capital
Zhongyi Zhao, Jiuding Capital
Thomas Chou, MoFo
Steve Wang, MUS Roosevelt Capital Partners
Jie Lian, Primavera Capital
Representative from Qianhai Authority
Chris Burch, Shenzhen Capital Group
Some of the confirmed topics:
- How the government is looking to support private equity in China
政府对扶持中国私募投资的态度
- The perspectives of Offshore Managers 离岸基金经理的观点
- The perspectives of Domestic Managers 本土基金经理的观点
- Capital Markets Development 资本市场发展
- Ongoing Changes and Flux in Regulatory Regime 法规环境的更新
- Chinese Overseas Investments– Partnering with Private Equity
放眼海外 – 联手私募股权投资
Gold Sponsor:
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| Date: |
Monday, March 18, 2013 (8:00am to 4:00pm) |
| Venue: |
Salon I-III, 5/F, Harbour Grand Hong Kong, 23 Oil Street, North Point, Hong Kong |
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Complimentary entrance for qualified investors.
Service providers will be admitted on a case by case basis.
(Please provide a one paragraph description of your firm with your application.)
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As an investor, do not miss the chance to get introduced to high potential investment opportunities, different companies and projects. Sign up online now!!
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| Date: |
20-21 March 2013 |
| Venue: |
Renaissance Harbour View, Hong Kong |
| Organizer: |
Private Equity International |
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HKVCA members receive a 15% discount off the 8th annual PEI Asia Forum 2013.
Quote HKVCA13 when booking.
Visit website for more info: www.peimedia.com/hongkong13
For Enquiry, Call: +852 2153 3240 Email:iris.m@peimedia.com
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| Date: |
9-11 April 2013 |
| Venue: |
JW Marriott Beijing |
| Organizer: |
ICBI |
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HKVCA members enjoy 15% Discount, VIP Code: FKR2343HKVW
Please visit event website for more info: www.superreturnchina.com/FKR2343HKVW
For Enquiry Call: +44(0)20 7017 7200 Email:info@icbi.co.uk
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| Date: |
9 – 10 May 2013 |
| Venue: |
Singapore Management University, Singapore |
| Tickets |
SGD300 (Early Bird tickets before 14 March 2013)/
SGD500 (Standard non-member tickets)
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For information on the full programme, confirmed speaker bios and to register for the conference, please visit: www.avpn2013.com
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■ Feb-March 2013
PE Fundamentals Course
■ 8 March 2013
ESG Conference and Cocktail
■ 22 March 2013
HKVCA 10th Annual Golf Day
■ 8 April 2013
Luncheon Talk - Privatization of Chinese Companies in US
■ 12 April 2013
Members Breakfast Meeting
■ 15 April 2013
HKVCA 10th Wine Tasting Event
■ 30 April 2013
Masterclass - Best Practice Board Governance in Asia / How to run an effective Board / Key responsibility in HK
■ 11 June 2013
HKVCA 12th China PE Summit
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News About Members |
For details, please click here.
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Represented by
Mr. Alex Downs
Represented by
Ms. Rebecca Xu, Co-Founder & Managing Director and Mr. Akihiko Yasuda, Managing Director
Asia Alternatives is a solution platform dedicated to helping institutional investors make investments in private equity across Asia. The firm is currently managing over $3 billion in Asia‐focused private equity funds‐of‐funds. Asia Alternatives invests with top performing private equity fund managers across Asia and has 30 professionals across Hong Kong, Beijing, Shanghai and San Francisco.
Represented by
Mr. Shinji Yamamoto, Executive Officer, Business Development
Future Architect, Inc. is the only IT company in Japan that fully stands on client’s side to offer both issue-based consulting services and comprehensive solutions by taking advantage of cutting edge information technologies. We believe in the value to “challenge together” with client as long-term strategist and executor.
Represented by
Mr. Paul Christopher, Managing Partner, Hong Kong
Mourant Ozannes is a leading offshore law firm with over 50 partners and 200 lawyers. We advise on the laws of the BVI, the Cayman Islands, Guernsey and Jersey. Our Hong Kong office provides legal and corporate services to our venture capital and private equity industry clients throughout Asia.
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February - March, 2013
The HKVCA's VC and PE Education course was held in February and March 2013. This comprehensive training course, covering six modules in 18 hours, was led by a top tier faculty of highly seasoned senior industry practitioners and experts engaged in years of deal-making, structuring, and value-creation in companies and exits. Instructors drew on their extensive real life experiences to illustrate their points.
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Disclaimers
The HKVCA newsletter may contain information that is created and maintained by a variety of sources both internal and external to HKVCA. The newsletter may contain the personal opinions and other expressions of the persons who post the entries. HKVCA does not control, monitor or guarantee the information contained in links to other external web sites, and does not endorse any views expressed or products or services offered therein. In no event shall HKVCA be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such site or resource. |
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April 12, 2013 (Friday) New Date
