Year
2004/2005 in Review
Chairman Hanson Cheah
PROMOTION for Venture Capital/Private Equity
COMMITTEE
K.O. Chia, Jamie Paton, Allan Homeming, Eric Chan John Levack,
Kevin Yip
The committee comprising KOC, JP, AHM,
JL, EC had a full year in their task of spreading the word about
private equity and raising the profile of the sector.
Members of the Committee and other Executive members have contributed
their time in representing the Association in various events
as speakers/ moderators in the continued push to promote and
educate the public about private equity. In addition to attending
events and meetings, many media briefings were arranged to increase
the level of understanding about the sector.
Annual Conference
I would like to thank in particular the Conference Organizing
committee - JP, AHM, KOC, EC, HC, JL, KY for a highly successful
6th Annual conference held at the HK Convention & Exhibition
Centre. The Conference entitled "the New Dawn" highlighted
the turning point for the industry after several years in the
doldrums. Having weathered the crises of 2001 to 2003, the industry
emerged considerably stronger. The recovery and new wave of
interest in private equity meant a full house of 350 participants.
The conference enjoyed much support from the industry and interest
from businesses and investors. The HKVCA Annual Conference has
gained a reputation for its high quality speakers and contents,
providing the audience with useful information, experiences
sharing where they could learn about the changes in the market
and relevant issues. It has grown to become a major industry
event.
PRC
COMMITTEE
Vincent Chan, Timothy Shen, Johnny Chan, Anthony Fan, Duane
Kuang, S.C. Mak, Roman Shaw, Stanley Kwok, Patrick Lim, Eric
Chan, Metei Mihalca, Jessica Jook
After some years of disappointment, China is once again viewed
with optimism as the land of opportunity. The high level of
interest and activity in China kept the PRC Committee very busy
during the year as they participated as speakers, moderators
in numerous talks, seminars, forums and conferences. We continue
to build on our relationships with local associations and government
bodies in China with regular visits, exchanges and meetings
by members of the committee.
China Private Equity
Summit
China has become a market that no one can ignore. Its dominance
and unabated economic growth and stability have drawn tremendous
attention from investors. The Hong Kong based fund managers
with their decades of experience and understanding in dealing
in the market, are in a position to impart much of their knowledge
about how successful deals are done and the pitfalls to avoid.
There is therefore strong participation in our 4th China Private
Equity Summit where business, legal, accounting, practical issues
were thoroughly examined in the face of the ever fast changing
regulatory environment.
MEMBERSHIP SERVICES
COMMITTEE
Vincent Chan, Hanson Cheah, Varun Bery
In addition to our luncheon speaker meetings which remain a
popular forum for members to meet on a regular basis, more fun
activities have become a regular feature of our program.
Following the successful launch of the Golf event in 2003, the
2nd Golf Day took place in March at Hong Kong Golf Club in Fanling.
This was again greatly enjoyed by those who took part. A special
word of thanks goes to Varun Bery who took charge and ensured
the smooth running of the event.
The Association held its first Wine Tasting evening in November
2004. Nicholas Pegna of Berry Brothers gave an interesting talk
and everyone had the chance to savour and learn about the high
quality wines introduced. Marcus Thompson was responsible for
initiating and organizing the very successful function for which
we thank him. We hope to repeat this event at least once a year.
Besides networking activities organized by HKVCA, members also
attended numerous joint events and exchanges with counterparts
from other countries and trade/business bodies.
As at the end of December 2003, the Association has 123 members,
of which 66 are full members and 57 are associate members.
TAX
SUB-COMMITTEE
Monica Tsui, Marcus Thompson, Collin Lau, Kevin Yip
The special project team- MT, MTT, CL,
KY followed up with the submission of HKVCA's position on the
proposed amendment of exemption of profits tax. The committee
met with FSTB to explain its position to ensure that its current
tax position is not compromised.
SME
SUB-COMMITTEE
Marvin Lai, Vincent Chan, Roger Marshall, Jessica Jook, Patrick
Lim, Duane Kuang, Ted Chua, Francis Wong, Danny Lee (Investor
Asia)
The newly formed SME committee is established to coordinate
with SMEs seeking information and assistance. The committee
also hopes to bring more local venture capitalists into our
fold to increase the size of fund pool for SMEs. The committee
under the chairmanship of Marvin Yip has proposed numerous initiatives
to achieve these aims.
APVCA
COMMITTEE
Adrian Lam, Richard Roque, Roger Marshall Kevin Yip, Hanson
Cheah
APVCA is an alliance of Venture Capital And Private Equity Associations
of Hong Kong, Singapore, Malaysia, Korea, Thailand, Taiwan,
and Australia. The group organized its conference this year
in Kuala Lumpur.
