| |
 |
| RMB Private Equity funds have witnessed another year of strong growth, accounted for 65% of the number of deals and 55% of total investment amount in the China Private Equity market. The notable phenomenon is the establishment of RMB funds by Foreign fund managers, while Domestic fund managers are raising foreign currency funds. Going forward, how will these two forces interact and affect the ecosystem and the competitive landscape? What is the impact on fund raising, investments, portfolio monitoring, and exits? |
|
| Session 1: |
New Ecosystem Taking Shape |
| |
- Emergence of institutional LPs in China.
- National level LPs, QFLP.
- Domestic GPs mushrooming and raising US$ funds.
- Foreign GPs raising RMB funds.
- Placement agents.
- Exits opportunities through domestic stock exchanges.
|
| |
RMB Funds: Domestic vs International |
| |
New challenges for foreign funds
- Foreign investors are now more sophisticated with a better understanding of the China market. Some have successfully
raised RMB Funds and enjoyed successes in exists through A Shares. What are the challenges now?
- What are the advantages of being international funds? Does greater value add at a operational level provide a
competitive edge?
Are Domestic Funds Active Within China Only?
- Having achieved spectacular results in managing RMB funds, some domestic PE managers are now raising USD funds
- How challenging is it for a domestic PE manager to access international capital?
|
|
|
| Session 2: |
Regulations |
| |
Always evolving but maturing
- Circular on Several Issues Relating to the Administration of Foreign Investments issued by MOFCOM in February, 2011
- National Security Review Rules
- Recent government initiatives on private equity in China
- New clarification rules Circular 698
- New developments on PRC anti-monopoly regulations
|
|
|
| Luncheon |
Luncheon Talk by Mr. Johnathan Li,
CEO of Bohai Industrial Investment Fund |
|
|
| Session 3: |
LPs Assessments |
| |
What are LPs’ views on the new developments in relation to Onshore vs offshore investments?
- What are LPs views relating to new PE related regulations in China?
- With a growing number of GPs in the market, should LPs flock to quality (i.e., established funds) or take some risks in backing new managers?
- Are domestic GPs ready to take in USD? Can USD GPs work with domestic LPs?
|
|
|
| Session 4: |
Risks and Returns |
| |
- Risk Management
- Regulation and enforcement
- Risk mitigation
- Lessons learned
|
|
|
| Session 5: |
Beyond China |
| |
Some established China funds are also planning to invest overseas, tapping opportunities to help Chinese companies in global expansion. What are the challenges? Is there a role for Hong Kong in their outbound investments? |
|
|
| Session 6: |
A Success Story |
|
|
| Parallel Session: |
Marketplace |
| |
One on one Meeting |
|
Some Confirmed Speakers:
Mr. Lawrence Wong Vice President, Auda Capital
Mr. Jonathan Li Chief Executive Officer, Bohai Industrial Investment Fund
Mr. Conrad Yan Partner, Campbell Lutyens Asia Pacific Ltd
Mr. Alvin Li Managing Director, CCB International
Ms. Li Huang Managing Director, Cowin Capital
Ms. Margaret Shao Managing Partner, Fortune Venture Capital
Mr. Sebastiaan Van Den Berg Managing Director, HarbourVest Partners
Mr. James Tunkey Partner and Chief Operating Officer, I-OnAsia
Mr. Jun Deng Of Counsel, Morrison & Foerster LLP
Dr. Wei Chen Chairman and Founding Partner, Oriental Fortune Capital
Dr. Fred Hu Founder and Chairman, Primavera Capital
Mr. Chris Burch Special Assistant to The Chairman, Shenzhen Capital Group
Ms. Alice Chow Managing Director, Squadron Capital
Mr. Timothy Wang Fund Manager, Suzhou Venture Group
Mr. C K Tsang Operating Partner, TPG Growth Capital Asia
|
|
 |
Accreditation:
SFC: Licensed individuals may claim CPT points on the courses taken which their employers consider those courses as relevant to the functions to be performed by them. |
HKVCA retains the right to make changes as it deems necessary
|
|
|
 |
 |
 |
- Only Full members are eligible to be elected to the Executive Committee.
- Only Full members are eligible to vote.
- Each nomination requires support from two Full members.
- Deadline for the return of the nomination form is June 1, 2011 (Wed).
|
 |
|
|
|
 |
 |
|
|
| Date: |
|
|
|
| Time: |
8:00 - 9:00am |
|
|
| Venue: |
The Hong Kong Club |
|
|
|
Seats are limited and registration is on first-come-first-serve basis.
For enquiry, please call (852) 2845 6100. |
|
|
|
|
|
Update on Supervision of Private Equity in China
Various initiatives by different government agencies in China have stepped up efforts to enhance the development and supervision of Private Equity in the country. This analysis provides our understanding of the policies and the general direction of the supervision.
NEW FAQs Section
To enhance the support to members, a new FAQs section under Resource Page has been launched. Members are welcomed to raise questions related to the industry through the webpage. The questions will be vetted and answered by Resource committee in batches. |
|
|
|
|
| Date: |
11 May 2011 |
| Venue: |
Shangri-La's Far Eastern Plaza Hotel, Taipei |
| Organizer: |
Incisive Media |
| Registration: |
HKVCA members are entitled to 10% discount |
AVCJ Outlook–Taiwan 2011 aims to promote private equity and venture capital in Taiwan, by bringing together senior government officials with private equity industry leaders and limited partners in Taiwan and other regions such as Mainland China, Hong Kong, Japan and the US, to discuss opportunities in the new investment cycle, both locally and globally.
|
Key topics to be discussed:
- An overview of the global investment market and private equity in 2011 and beyond
- Taiwan's role in the Greater China PE ecosystem: Opportunities in fundraising, investing and exiting
- Strategies to enhance portfolio companies
- Access to the Taiwanese capital market
- How far will cross-Strait economic cooperation take Taiwan?
To register:
Online: www.avcjtaiwan.com
Contact: Anil Nathani
Email: anil.nathani@incisivemedia.com / Phone: +852 3411 4938 |
|
|
|
| Date: |
May 11, 2011 |
| Venue: |
Lounge, Mezzanine Level, Grand Hyatt Hong Kong |
| Language: |
Putonghua Only (no interpretation services) |
| Organizer: |
Department of Commerce of Shandong Province
Finance Office of Shandong Province
Hong Kong Trade Development Council |
| Registration: |
Free (Pre-registration is required) |
Jointly organised by the Shandong Government and the Hong Kong Trade Development Council (HKTDC), “Shandong - Hong Kong Symposium on Outbound Investment Cooperation” (魯港合作拓展國際市場洽談會) will take place on 11 May 2011 in Hong Kong. A delegation group of about 30 Shandong enterprises will attend this symposium to explore the outbound investment.
For registration and enquiries, please contact Ms Sammi Ng or Ms Virginia Tam at 2584 4355 / 2584 4493 or email sammi.sy.ng@hktdc.org / Virginia.wd.tam@hktdc.org. |
|
|
|
| Date: |
May 26, 2011 |
| Venue: |
The Park Lane, Hong Kong |
| Organizer: |
Pacific Basin Economic Council |
| Registration: |
HKVCA members can enjoy member rate on registration |
In the wake of the global financial crisis, there has been a marked increase of capital flows to Asia, particularly to the financial centers of Hong Kong and Singapore. According to Eurekahedge, assets under management by Asian hedge funds (ex. Japan) totaled USD$105 billion or 7% of global funds under management in 2009. This figure is expected to rise to US$182 billion by 2012. With this rapid growth, regional regulators and policy-makers are examining rules and regulations. What regulatory landscape will emerge – and how will it effect Asia Pacific operations? How can asset managers respond to new regulations and better manage risk?
For registration, pls visit here. |
|
|
|
| Date: |
June 27 – 30, 2011 |
| Venue: |
Geneva |
| Organizer: |
SuperReturn |
| Registration: |
15% discount for HKVCA members. Quote VIP Code: FKR3A49HKWB |
SuperReturn Emerging Markets provides a one-stop-shop for LPs looking for strategies to increase their exposure to emerging markets by bringing together the best GPs from each region, international titans from global mega-funds and experienced regional funds of funds. And of course, added to this mix are LPs investing in emerging markets private equity right now!
New Asia Summit for 2011, hear 25+ Asian FoFs & GPs explain the key factors for success in the region.
For more details or to register Tel: +44 (0) 20 7017 7200 or visit the website: http://www.informaglobalevents.com/FKR3A49HKWB |
|
|
| |
|
|
|
|
|
|
■ June 13
HKVCA 10th China PE Summit
■ June 15
HKVCA 24th Annual General Meeting
|
|
|
|
|
 |
Represented by
Simon Cheung
Established in April 2009 in Tianjin, Pacific World is one of the few foreigners' controlled PE management firms approved by the PRC financial authorities to manage onshore RMB private equity funds registered in China. It advises on both inbound and outbound investments: China based investors on overseas investment opportunities (effectively QDII); and offshore based managers on capital raising in China. Pacific World also advises foreign institutional investors on their China public equity investment strategies, including asset managers and advisors with focus in Mainland China. Currently, it has established and managed two onshore funds: one partnered with a China based group and another with an offshore fund manager.
Represented by
Michael Liu
Latham & Watkins is one of the largest law firms in the world with approximately 2,000 lawyers in 31 offices. The firm’s global platform spans Asia, Europe, the US and the Middle East and consists of internationally recognized practices across a wide spectrum of transactional, litigation, corporate and regulatory areas.
|
|
|
For more information about HKVCA Beijing Representative Office, Please contact
Mr. Kelvin Bian, Tel: 010-88087035, thanks.
有关香港创业及私募投资协会 北京代表处的详情，
请邮件联系边先生或致电010-88087035 , 谢谢。 |
|
|
April 29, 2011
A very informative and interesting talk on ‘Oil and Gas in Central Asia – Energy to Drive China’s Growth’ was given by Dr. David Robson of Tethys Petroleum. The audience had a clearer understanding of the potential in Central Asia and its investment opportunities.
April 18, 2011
HKVCA co-organized 'China Medical City Investment Seminar' with Taizhou Government and China Medical City at the Grand Hyatt Hong Kong followed by dinner on April 18, 2011 drew more than 150 participants from Taizhou, Shenzhen and Hong Kong focusing on healthcare, pharmaceutical and biotech industries. A panel comprising Mr. Alvin Lee, Managing Director of CCB International, Mr. Alex Lee, Vice President of Baring Private Equity Asia, Dr. Guosen He, Senior Director of Spring Capital and Mr. David Sun of China Medical City discussed China's healthcare sector and investment opportunities. The success of the event further strengthened business relationship and cooperation between Taizhou city and HKVCA.
April 11, 2011
The HKVCA Member Monthly Breakfast provides an excellent opportunity for our members to network and to meet our Executive Committee.
|
|
|
 |
The Hong Kong Business Angel Network ("HKBAN"), a network established by the founding members HKVCA, Hong Kong Science and Technology Parks and the technology transfer offices of the major universities in Hong Kong. HKBAN is a platform for angels and entrepreneurs to facilitate the funding and development of young businesses.
HKVCA is now soliciting the registration of angels who invest in seed and early stage opportunities raising up to HK$5,000,000. Please recommend colleagues, friends and investment partners who may be appropriate as angel investors.
For registration, please send the completed form to Sam Wong at swong@hkvca.com.hk or Tel: 2845 6100.
|
|
|
|
Attracting and retaining talent has always been the key to long-term success of any great company. HKVCA welcomes member firms to advertise their openings on HKVCA website. If there are vacancies in your firm, please fill in the attached form and email to enquiry@hkvca.com.hk
Each opening will be posted on HKVCA's website for one month. The service is free of charge.
:: Job Placement Form ::
|
| See Job Opening |
|
|
 The Hong Kong Securities and Futures Commission (HKSFC) has approved HKVCA as a Recognised Institution for Providing CPT (Continuous Professional Training). HKVCA's training courses, seminars, summits, conferences and forums may be applicable for claiming CPT points. For more details, please refer to "Education" section of our website.
|
|
|
HKVCA receives regular requests from various trade bodies and associations for speaker roles. Would you like to get involved and speak on behalf of HKVCA and promote our association and industry? Please contact Patricia Chiu at Tel: (852) 2845 6100 or patchiu@hkvca.com.hk to enroll on our speakers list.
|
|
|
 |
HKVCA Corporate rate is available
at Hong Kong:
• Conrad Hotel HK,
• Fleming Hotel HK
at Shanghai:
• L'otel Shanghai
Contact Ms. Lilia Chin at lchin@hkvca.com.hk for more details. |
|
| |
|
|
June 3, 2011 (Friday)
