Join HKVCA Mixer for a get-together.

Date: April 27, 2007 (Friday)
Time: 5.30 – 7.30 p.m.

China Tee Club,
101 Pedder Building, 12 Pedder Street,
Central, Hong Kong


Fee: HK$100 (for 2 drinks)
Sponsored by Tonic Venture Capital Ltd
Video will be made of the event

The continuing maturation of Chinese companies and record Hong Kong IPO volumes have caused global private equity players to increasingly focus on China during the past year.  At the same time, new legislation – most notably the September 2006 M&A Rules - has dramatically impacted structuring strategies and exit options for private equity investors.  The Sixth China Private Equity Summit brings together experienced practitioners to discuss the keys to successfully implementing deal structuring, execution, and exit strategies in China.

Presentations at the Summit will cover current deal trends and deal flow forecasts and ongoing legislative developments affecting the industry.  In addition, participants will gain insight into the advantages and limitations of the investment models and exit strategies that have developed in response to the M&A Rules, including direct onshore investment structures and A Share listing options.

The distinguished panel of speakers at this year's Summit is comprised of senior private equity and venture capital deal makers, financiers, legal and financial advisors, industry watchers and representatives from PRC stock exchanges who are uniquely qualified to assess the current shape and future development of China's private equity market.

8:30 am

9:00 am


Opening Remarks: President, HKVCA

    Session 1

9:15 - 9:45 am
9:45 - 10:30 am

• Overview of the VC & PE Industry in China 2006, Figures and Trends
• Venture Capital and Private Equity in China in the Post-M&A Rules   Environment

  10:30 am Coffee Break
    Session 2
Domestic Stock Market Reform and A Shares Listing as Exit for Foreign VC

10:45 - 11:15 am

11:15 - 11:45 pm
11:45 - 12:15 pm

Introduction to the Shenzhen Stock Exchange Small & Medium
  Enterprises Boards
China's Stock Market & Sponsoring A Shares IPO
Foreign VC Investment in Onshore Structure

  12:45 pm Lunch
    Session 3

2:30 - 3:00 pm
3:00 - 3:30 pm

3:30 - 3:45 pm

Recent China Tax Changes Affecting M&A
Environmental Practices and Regulations - Risks and Rewards for
  China Investors
SOE restructurings

  3:45 pm Q&A and Closing Discussion
  4:00 pm Close


International Valuation Guideline

HKVCA is an endorsing Association of the International Private Equity and Venture Capital Valuation Guidelines which seeks to reflect the need for consistency in valuation principles.

The IPEV Valuation Board has an advisory role and gives guidance on the application of the guidelines to all stakeholders in the private equity and venture capital industry including practitioners, investors, regulators and auditors.

Please see HKVCA's website on "Standards".


HKVCA 4th Annual Golf Day,
16 March 2007
  APLMA & HKVCA Mezzanine Finance & Private Equity Seminar,
28 March 2007

Once again we were at full capacity with 80 participants. With the help of good weather, everyone had an enjoyable time.

The Golf Day has become the best opportunity in meeting senior professionals in the private equity industry and in building camaraderie.


HKVCA was the co-organizer of this event. HKVCA’s speakers at the seminar were Joseph Ferrigno of Asia Mezzanine Capital and Jamie Paton. The seminar was attended by 160 attendees.



Associate Member

FCL Advisory Ltd
Representative: Mr. Robert Jones

FCL Advisory Ltd started business on March 2005 after obtaining a type 4 investment advisory license from the Hong Kong Securities and Futures Commission.

Pallet Pooling for China Supply Chain

Nature Business:Pallet pooling service to vendors and retailers initially in East China region.

Funds required: US$12 million

Project Details:
Total US$12 million in five years time. If IPO failed on the sixth year, no further capital injection is required but will achieve net growth of over 35% annually.


Year 1

Year 2

Year 3

Year 4

Year 5

Funds to date

5 million

7 million

10 million

11 million

12 million

Net Profit

(0.5 million)

0.7 million

1.5 million

2.6 million

3.6 million


2.3 million

5.7 million

10.5 million

15 million

19.5 million

Description of Business:
Pallet Pooling is urgently sought by the China retail sector to improve supply chain efficiency. The total China market is still “not served” but getting bigger day by day as retailers (both western and local) expand their stores nationwide. The business is so unique and capital intensive that there is only one global operator and very few experts in this field. Having started the Hong Kong pool six years ago and over 20 years sales and marketing experience in China, if financially supported, a profitable business could be built together.

Contact Details:
Derek Sze
Cell: 9850-5518
Fax: 2574-8990