HKVCA Masterclass
Workshop on Fair Valuation

5 October 2009 (Mon)
2:30 – 5:00 pm

Date: 5 October 2009 (Mon)

Time: 2:30 – 5:00 pm

Venue: Everest Room, Pacific Place Conference Centre Level 5,
One Pacific Place, 88 Queensway, Hong Kong

FAS 157: Valuation Challenges for Illiquid and Complex Securities in the Current Market Environment

  • What constitutes an "illiquid security"?
  • How do we value a security that doesn't trade?
  • What are the appropriate valuation approaches in dealing with "financial distressed" investments?
  • How does fair value accounting relate to the current state of the markets, and to recent economic stimulus initiatives? 

Speaker: Dr. Cindy Ma, Managing Director, Houlihan Lokey

Dr. Cindy Ma is Managing Director in Houlihan Lokey's New York office, where her primary responsibilities include providing valuations, financial opinions, and expert witness testimony. Dr. Ma has over 20 years of extensive training, academic expertise, and hands-on experience in commodities, derivatives, securities, foreign exchange, fixed incomes, structured transactions, hedging strategies, and risk management issues. She advises many of the world's largest hedge funds with respect to the value of their illiquid investments

:: Download Registration Form ::

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.


Seats are limited and registration is on first-come-first-serve basis.
Download Registration Form
For enquiry, please call (852) 2845 6100.

Shanghai International Private Equity Forum
Date: 16 October 2009
Time: 9:00 am – 5:15 pm
Place: JW Marriott Shanghai
Organizer: Shanghai Private Equity Association (SHPEA)


Since Shanghai Pudong New Area put forward it new pilot policy to attract PE and PE management enterprises to register in Pudong, Shanghai has become the hot place for PE to cluster. Under the background Shanghai International Private Equity Forum will be held on Oct 16, 2009 in Shanghai. The forum will focus on the topic of Shanghai International Finance Center Construction and Private Equity’s new opportunity. Relevant parties will come together to talk about the hot topics in the industry.

For more details or registration, please visit here.

HKVCA members can enjoy 30% off on registration. Please quote HKVCA when you register.

For enquiry, please contact Ms. Lisa Wu at Tel: 8621-6236-8800*306 or

Roundtables on Entrepreneurship Education (REE)
Date: 21-23 October, 2009
Place: Hong Kong Science Park
Organizer: The Chinese University of Hong Kong


The theme of REE Asia 2009 is Global Entrepreneurship. How can students and researchers from universities and R&D centers use their knowledge to form companies creating value in the global market place? How can universities, firms, NGOs and governments foster knowledge transfer and value creation? Hong Kong, China's leading global metropolis, and the economic model on which China's phenomenal quarter century of growth was based, together with Shenzhen, Mainland China's newest, richest, most research-intensive, manufacturing and service center form the backdrop to REE Asia 2009. Strategically located at the base of the Pearl River Delta, the twin cities with a population of over 18 million will provide a glimpse into the future of global entrepreneurship. The conference is a unique opportunity for entrepreneurship academics to interact with industry and government personnel from around the globe. REE Asia 2009 will feature simultaneous translation between English and Chinese to facilitate interaction.

For more details or registration, please visit here.

For enquiry, please contact Ms. Samuel Tam at Tel: (852) 2609 8218 or

CVCA Annual General Meeting & China Venture Capital/Private Equity Summit
Date: 27-28 October 2009 (Tue-Wed)
Place: Shanghai Shangri-la Hotel
Organizer: China Venture Capital Association


The China Venture Capital Association (CVCA) Annual General Meeting & China Venture Capital/Private Equity Summit (CVCA AGM & Summit) is one of the most important and highly recognized events in China’s VC and PE industry.  Each year, key industry players and influencers gather at the event to as well as learn about the latest industry trends and, share good practices and discuss areas of challenges, as well as catch up with old associates, meet new friends and business partners. CVCA 2009 AGM & Summit will discuss the opportunities and trends of China's VC/PE market under the new global economic and financial situation.

HKVCA members can enjoy 15% discount on standard rate. Please quote HKVCA when you register. For more details or registration, please visit here.

For enquiry, please contact Jasmine Zhang at Tel: 8610-8518 3584 ext. 800 or

London Stock Exchange Listings Seminar
Date: 11 November 2009 (Wed)
Time: 9:00 am – 5:00 pm
Place: Mandarin Oriental Hotel, Hong Kong
Organizer: London Stock Exchange


We are pleased to invite you to the London Stock Exchange Listing seminar to be held on the 11th November 2009 at the Mandarin Oriental Hotel, Hong Kong.

The aim of this seminar is to update participants on the following: ?

  • Recovery and Latest developments of European Capital markets and at the London Stock Exchange Group
  • atest trends and changes of International issuers in London Markets, London Stock Exchange business development activities in Asia Pacific, and opportunities for banks and intermediaries in Asia Pacific.
  • Sector Strength of the London Stock Exchange Group, including the London Markets and Milan Markets, product offerings for overseas companies
  • How to list funds on the LSEG, criteria and procedures for listing various funds in Main Market, Specialist Fund Market and AIM
  • Latest developments and changes of AIM
  • Introduction of Tokyo AIM
This event is free but pre-registration is required. Please contact Cecilia Leung, or (852)3555 6390 for enquiry and registration

Electronic Toll Collection for Vehicle in Motion
Nature of Business:
Funds Required:
HK$ 30 million
Project Details:
Professor HJ Li achieved successfully an unique invention of leading technology in China in electronic toll collection for vehicle in motion, accredited by the Science and Technology Bureau in Anhui province China, with high recommendations: the technology holds leading position in China. Its merits: vehicle attached with electronic tag automatically identified when passing the fees collection station, automatically weighting vehicle with high accuracy, automatic electronic fees collection when vehicle in motion, feeding back fees information to driver, unique in the world. It prevents vehicle queuing, protects road and accidents from over-loaded vehicle, for various government statistical uses, also used in container and mines, etc., including excellent accuracies in dynamic weighting, small space installation, multi- functional and highly reliable.

Equipment: portable weighting platform and device with small space installation, intelligent treatment system, and wireless information transferring system to the control station and to driver.
Contact Details:

Professor Huaijiang LI
Tel: 852-2766 6539 (Hong Kong Polytechnic University)
Mobile: 852-9538 5138 / 86-13909619525 (China)

Professor MTLo
Mobile: 852-9026 2559

CPP Investment Board
Ms. Suyi Kim

The CPP Investment Board is a professional investment management organization based in Toronto. Their purpose is to invest the assets of the Canada Pension Plan in a way that maximizes returns without undue risk of loss. The CPP Fund is $116.6 billion. The CPP Investment Board was incorporated as a federal Crown corporation by an Act of Parliament in December 1997 and made its first investment in March 1999. Our team of experienced professionals are committed to providing value-added performance cost effectivel.

China Agri Industries Holdings Ltd
Mr. Andy Li

China Agri Industries Holdings Limited is the largest listed vehicle of the COFCO group, who is also one of the market leaders in providing edible oil, animal feeds, fuel ethanol, biochemical products, rice, wheat & flour, and malt barley in Mainland China. Founded in 1952, our parent company COFCO is the largest diversified products and services supplier in agricultural and food industry in the Mainland. Being the 18 biggest centralized State-owned Enterprises (“centralized SOE”) in China, COFCO is one of the world’s top 500 enterprises as ranked by Fortune Magazine. This year is the 16th consecutive year on the list with a sales revenue of more than US$21billion. COFCO currently has 2 listed vehicles in Hong Kong (China Agri Industries and China Food) and 3 listed subsidiaries in China (Auhui BBCA, COFCO Tunhe and COFCO Property) together with the largest shareholder identity in Smithfield Foods Inc (US listing) and Mengniu Dairy (Hong Kong listing).

Timothy Loh Solicitors
Mr. Timothy Loh
Mr. Henri Arslanian

Timothy Loh Solicitors serves as Hong Kong and International Legal Counsel to financial institutions. They represent brokers and dealers, investment banks, private banks, commercial banks, insurance companies, private equity managers, hedge fund managers and traditional asset managers. They provide representation on regulatory issues, equity and debt capital market transactions, private debt and equity transactions, mergers and acquisitions, investment products, corporate restructurings, commercial disputes and general commercial matters.

HKVCA Member Monthly Breakfast Meeting - 7 Sep 2009

The HKVCA Member Monthly Breakfast is scheduled on the first Monday of each month. It provides an excellent opportunity for our members to network and to meet our Executive Committee. The next breakfast will be held on October 5, 8:00 – 9:00am at Hong Kong Club.

Status as a Recognised Institution for Providing CPT
(Continuous Professional Training)
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 Speakers

HKVCA gets 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 Savio Tang at Tel: (852) 2845 6100 or to enroll on our speakers list.

Hong Kong Venture Capital and Private Equity Association
Tel: (852) 2845 6100
Fax: (852) 2537 0086