Convergence of Strategies and Techniques
Consolidation Within the Alternative Asset Industry
Alternative Asset Managers as a "Sector": Financial Investors in Asset Management Firms
How Convergence Will Change Investment Firm Culture and Investment Philosophy
Effect of Convergence on Investors and Their Investment Decisions

Sponsored by:


David Goldstein
Partner, White & Case LLP, New York

Mr. Goldstein is a partner in the firm's New York office. His practice focuses on the establishment and representation of private investment funds including both domestic and international private equity and hedge funds. His diverse experience in representing hedge funds and their managers include large, well-established funds and managers based outside the U.S. investing in non-U.S. markets, as well as first-time funds of high quality emerging managers. Mr. Goldstein went to the State University of New York where he received his B.S. and M.S., and the New York University School of Law where he received his J.D.
Date: April 14, 2005 (Thursday)

The China Club
14th Floor, Old Bank of China,
Bank Street, Central, Hong Kong

Cocktails 12:15 p.m.
Lunch 12:40 p.m.
Talk 1:30 p.m. - 2:00 p.m.

Please complete the attached reservation form and fax to (852) 2537 0086. Reservations must be followed by payment of check.
2) Please consider your registration confirmed unless you are notified otherwise. Name badge can be collected on the day of the program.
3) Please note that no-shows will be charged. Cancellations cannot be accepted less than 2 working days before the event.


The Fourth 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 will 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.

10:30a.m. Registration
Session 1 : 11.00a.m. - 12.00noon

- Too much money in Technology? Can profits continue to be delivered
- Value added services-Post SMS era

11.30-11.45a.m. Media
11.45-12.15a.m. Buyout/Privatization
12.15-12.30noon Forum and Q&A
12:45 - 2:15 p.m. Lunch
Session 2 : 2.15p.m. - 3.30p.m.
Legal and accounting issues
2.15-3.00p.m. New foreign capital investment rules
Asset management in PRC - Current regulations, difficulties in managing RMB funds, seeking exits for the underlying investments.
  Restructuring PRC private companies to foreign enterprise - new regulation issued by the State Administration of Foreign Exchange-effect on restructuring PRC private companies to foreign enterprise, impact on VC for seeking exits for their PRC investments.
3.00-3.30p.m. Arguments on valuation of portfolio companies
3:30 p.m - 3:50 p.m. Coffee Break
Session 3 : 3.50p.m. - 5.00pm - Case studies
  Venture Capital
  Alternative exits
Forum and Q&A


"Netwroking Dinner"

Date : April 14, 2005 (Thur)
Time : 6:00 pm to 8:00 pm
Venue : Golden Bauhinia Restaurant,
Hong Kong Convention & Exhibition Centre,
1 Expo Drive, Wanchai, Hong Kong
The Hong Kong Trade and Development Council would like to invite our VC members to attend a networking dinner with key venture capitalists from Liaoning on April 14 to exchange views and establish business contacts.

For enquiry , please contact Ms. Monica Lo at 2845 6100


"Business Matching for Korean ICT/Hong Kong Venture Capitalist"

Date: April 15, 2005
Time : 4:00 – 6:00pm
Venue : Business Matching Corner, Hall 5,Hong Kong Convention and Exhibition Center
Fee : Free of charge - by invitation
Korea's IT promotion body, IITA will be leading a delegation to Hong Kong to attend the International ICT Expo 2005 (14 April – 17 April) to establish business partnership for the Asian business. To facilitate the partnership, Hong Kong Trade Development Council will organise One-On-One Business Meetings to match-made Korean ICT companies with the Hong Kong venture capital companies. You are cordially invited to participate the business matching

Registration on a first come first serve basis, please complete and return the below registration slip by 8 April 2005.
Enquiry: Ms. Annie Sheung (Tel: 2584 4471 / E-mail: annie.lt.sheung@tdc.org.hk)


Please note that the Membership list password will be updated on April 15, 2005 and the new password will be sent to your representative/s of your firm. Please advise if there is a change of the representative/s of your firm. Please click here to download membership update form.


Visit of California Governor postponed

This is to inform you that the California Commission for Jobs and Economic Growth trade mission to Hong Kong led by California Governor Arnold Schwarzenegger has been postponed. Will keep you posted.


Page for Professional Services on HKVCA Website

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 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



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