Dear Members:

Happy Year of the Rooster.

This is to inform you that the California Commission for Jobs and Economic Growth is organizing a trade mission to Hong Kong led by California Governor Arnold Schwarzenegger, probably the best known State Governor in the world. The tentative schedule is that Governor Schwarzenegger will be in Hong Kong on April 21-22, 2005. This will be his third overseas trip since becoming Governor of California. The first two took him to Japan and Israel. This mission will include a 200-strong delegation of business leaders from California and will visit Beijing and Shanghai before concluding the trip in Hong Kong. The purpose of this trip is to promote investments and trade for the State of California. Although the mission will focus on all industries particular attention will be given to California's strengths including information and bio-technology, agriculture (including the wine-growing industry), entertainment and tourism.

The Hong Kong Venture Capital and Private Equity Association will be working with our counterparts at the Hong Kong General Chamber of Commerce and the American Chamber of Commerce to organize events such as the Welcome Luncheon and an Investment Conference. One of the highlights of the Conference is to showcase business deals between California, China and Hong Kong companies. If you have any of your deals that fit into this category and would like to use this event to publicize it by way of a signing ceremony witnessed by the Governor for example please inform us and we will try to facilitate. The purpose is primarily to showcase California as an attractive investment and trade destination.

We know that many will be interested to also attend the events stated above. The California Commission and the Advance Team are currently working out the details including venue and logistics. Please watch out for our newsletter and we will present the details as soon as we receive them.

I also like to take this opportunity to urge all our members to renew their membership subscriptions and help us recruit new members. It is your contribution that will allow us to continue with the exciting programs for many years to come.

Thank you very much.

 

 



Membership Renewal for the year 2005

Dear Members,

As the officially recognised Venture Capital Association in Hong Kong, formed on the recommendation of the Government in 1987, HKVCA represents the collective effort of the venture capital and private equity firms to promote the industry that operates in Hong Kong/China and Asia.

The venture capital and private equity industry in Hong Kong has grown substantially since then and HKVCA continues its efforts to raise the profile and public understanding of venture capital and private equity, to promote an influential body where its views are considered in governmental policies, and to instill investor confidence in the industry in Hong Kong.

In 2005 the Association is pursuing new initiatives to further its mission. It will forge a more coordinated and purposeful relationships with Hong Kong government bodies and businesses with special focus on the Pearl River Delta region.

HKVCA will also continue to maintain the friendly investment environment and to proactively facilitate the flow of funds to HK industry. A key task is to ensure the industry's tax position is maintained in the current review of the system by Financial Services, the Treasury Bureau and Inland Revenue Department. Another priority this year is the compilation of accurate and meaningful performance return data that will provide to investors with credible data on which to base their decisions. This will hopefully greatly enhance the attraction of Asia as an Investment destination for Private Equity funds.

At the same time, HKVCA will continue to expand its major events - the China Private Equity Summit and the Annual Venture Capital Conference as well as maintain its regular luncheon and other social networking activities such as our annual Golf Day.

In order for the Association to continue to serve the interest of the industry effectively, the Board has recommended that the annual subscription be raised to HK$10,000, effective January 1, 2005. We hope you will continue to support the efforts of the Association. We are a non-profit organization and rely on your contributions to bring value to our membership base.

 

 




The Forth China Private Equity Summit

This is a good time for the private equity community in Hong Kong. Exits are generating returns, new opportunities are emerging in China, new funds are being raised. But it isn't all milk and honey. Today's successes may raise unrealistic expectations about the future. New opportunities may turn out to be mirages. And the regulatory environment on the mainland remains as fast-changing as ever.

We'll address all these, and other, issues in our marquee event, the China Private Equity Summit. Private equity practitioners, legal experts, tax specialists, and industry speakers will separate the fluff from what's important: attractive new sectors. New structuring and technical issues. Case studies.

Tentative Program:
11:00 a.m. Registration
Session 1 : 11.30a.m. - 12.30p.m.
Where are the Opportunities?-Venture Capital
- Too much money in Technology? Can profits continue to be delivered
- Value added services-Post SMS era
- Media
12:45 - 2:15 p.m. Lunch
Session 1(cont.) : 2.15p.m. ¡V 2.45p.m.
Where are the Opportunities?-Buyout/Privatization
- Buyout/Privatization
Session 2 : 2.45p.m. ¡V 4.00p.m.
Technical section on legal and accounting issues
- Setting up asset management company in PRC-what are the current rules and regulations? What are the difficulties in managing RMB funds & seeking exits for the underlying investments.
- New regulation issued by the State Administration of Foreign Exchange-what is the effect on restructuring PRC private companies to foreign enterprise? The impact to VC for seeking exits for their PRC investments?
- New accounting standard-IFRS, what is the impact on Fund Accounting/reporting on Investee companies
- The newly created C shares, what is it and what are the regulations governing the trading of C shares? Legal Person's shares
- Forum and Q&A
4:00 p.m - 4:20 p.m. Coffee Break
Session 3 : 4.20p.m. ¡V 5.30pm - Case studies
- VC
- Buyout
- Alternative exits
- Forum and Q&A

 


New member welcome

Associate Member

Jon Michel Executive Search
Represented by Mr. Philip Clayton

Jon Michel Executive Search (JMES) was established in 1997 to provide search and selection services to the financial, professional services and corporate sectors.

The firm's clients include banks, investment banks, fund managers, insurance companies, private equity and venture capital houses, stockbrokers, consulting firms, early stage venture capital funded companies and professional practices as well as a select group of blue-chip corporates.

The team has more than fifty years of experience between them recruiting in their respective management disciplines.

 

 

Page for Professional Services on HKVCA Website

Legal
Accountancy
Corporate Advisory
If you wish to list your Company on our website, please complete the following form with a check for $4,000 (member) / $8,000 (non-member). The listing is renewable at the beginning of the calendar year.

Professional Services listing

Company:
Company Address:
Tel: Fax:
Website: Email:
Types Services Offered:
Description of Business:
Contact Person: Tel. no.:
Signature: Date:

Note: Please fax the completed form to (852) 2537 0086. The above information can also be emailed to enquiry@hkvca.com.hk, with subject quoting "Professional Services Listing".

Terms & Conditions

  1. The listing of the company will be placed on the website of Hong Kong Venture Capital And Private Equity Association Ltd. ("HKVCA"): www.hkvca.com.hk.
  2. The listing is based on the information provided in the above form.
  3. Maximum page for the listing is 1 page in A4 size.
  4. After receipt of payment, please allow at least 10 working days for listing to be processed.5. HKVCA reserves the right to reject or edit any listings.

HK$4,000 for member and HK$8,000 for non-member will be charged for the listing until the end of the calendar year. Listing is renewal at the beginning of each calendar year. Please make check payable to "Hong Kong Venture Capital And Private Equity Association Ltd." and mail to 4010 Jardine House, 1 Connaught Place, Central, Hong Kong.

Special Hotel Rates
HKVCA Website
HKVCA has negotiated very special rates for members at the hotels in Hong Kong. For more information, please contact Ms. Monica Lo at
Tel: (852) 2845 6100
Email: mlo@hkvca.com.hk
If you wish to link your company website to HKVCA directory on the internet, please contact Mr. Alex Tsang at
Tel: (852) 2845 6100
Fax: (852) 2537 0086
Email: atsang@hkvca.com.hk

 

 



Hong Kong Science and Technology Parks Corporation
"Digital Entertainment Leadership Forum 2005"

Date: March 23, 2005

Please visit the following website for programme details: http://delf.cyberport.hk/
Please check here for HKVCA's privilaged rate

For more information, please contact:
Mr Eric Lau
Tel : (852) 3166 3835
Email : ericlau@cyberport.management.com

 



Hong Kong Productivity Council
"Investment and IPO Roadshow in China (Guangzhou)"

Date: April 7-8, 2005
At China Hotel, Guangzhou

Please click here for programme details

For more information, please contact:
Ms Angela Yu (HKPC) at tel : (852) 2788 5904
Email : angelayu@hkpc.org

 

All the newsletters will be sent by email. To receive by fax, please contact Mr. Alex Tsang at
Tel: (852) 2845 6100
Fax: (852) 2526 2713
Email: enquiry@hkvca.com.hk