Date: December 6, 2010

Time: 5:30 - 7:30 pm

Venue: American Club

Topic: 'Risk Management for China Enterprises'

Speaker: Hon Paul Chan, MH, JP
Co-Chairman of Crowe Horwath CPA (HK) Ltd
Legislative Councillor (Accountancy), HKSAR

Due to the short timeline to respond to the new SEC regulations, this urgent discussion is called to alert members of HKVCA of far reaching consequences of the new regulations, and necessary action to be taken by Asian PE firms collectively.

Date: December 16, 2010

Time: 12:30 – 2:00 pm

Venue: 31st Floor, AIA Central
1 Connaught Road Central, Hong Kong
(O'Melveny & Myers's office)

•   Who will be caught by the new rules suggested in the SEC's draft
What the consequences will be for those affected
Next steps in the regulatory process
Discussion of areas where HKVCA members will want to provide input to the SEC

Speaker: Barbara Stettner
Partner, O'Melveny & Myers LLP, Washington, DC
James Ford
Partner, O'Melveny & Myers LLP, Hong Kong
Xuan Zhang
Counsel, O'Melveny & Myers LLP, Beijing

* Sandwiches will be served

:: Download Program ::
Some of the Confirmed Speakers and Moderators:
Mr. Shivanadan Dalvie, Managing Director, AEA Investors
Mr. Conrad Tsang, Managing Director, Baring Private Equity Asia
Mr. Jean Eric Salata, CEO, Baring Private Equity Asia
Mr. Alvin Li, Managing Director, CCB International Asset Management
Mr. Robert Petty, Managing Partner and Co-Founder, Clearwater Capital
Ms. Sarah Alexander, President and CEO, Emerging Markets Private Equity Association
Mr. Alisher Ali Djumanov, CEO, Eurasia Capital Management
Mr. Victor Chu, Founder & Chairman, First Eastern Investment
Mr. Siddharth Sharma, CIO, GE Capital
Prof. K C Chan, Secretary for Financial Services and the Treasury, HKSAR
Ms. Veronica John, President and CEO, IDFC Capital
Mr. Pote Videt, Managing Director, Lombard Investments
Mr. Mandar Jayawant, Managing Director, Mongolia Opportunities Capital
Ms. Jie Gong, Vice President, Morgan Stanley Alternative Investment Partners
Mr. Kunal Kumthekar, Director & Co-Founder, Nine Rivers Capital
Mr. Gabriel Li, Managing Director, Orchid Asia Group
Mr. Vincent Huang, Partner, Pantheon Ventures
Mr. Lucian Wu, Managing Director, Paul Capital Advisor
Dr. Fred Hu, Chairman and Founder, Primavera Capital Group
Mr. David Pierce, CEO, Squadron Capital Advisors
Mr. Sing Wang, Partner, Texas Pacific Group
Mr. David Do, Managing Director, Vietnam Investments (VI) Group

:: Download Full Program ::

1) 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.
2) The Law Society accreditation applied for.

HKVCA retains the right to make changes as it deems necessary.


HKVCA Members are invited to join the next breakfast meeting to networking and information share.

 January 3, 2011
 February 7, 2011
 March 7, 2011

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.
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 or Tel: 2845 6100.
Members Notice
HKVCA Membership Renewal 2011
Working on your behalf......
Renew before February 2011 and receive credits worth HK$4,000!
Since 1987, HKVCA has worked on behalf of all Venture Capital and Private Equity firms to promote private equity as high value-add partners to businesses and for its recognition as a strong driver for growth in enterprises and economies.

HKVCA's mission is to stimulate a vibrant venture capital and private equity industry in Asia while promoting the role of member firms in value creation, innovation and economic development. HKVCA provides a forum for networking and experience sharing for its members; promotes industry professional ethics, international best practices and standards; and represents the views of its members before governmental and other relevant bodies.

Your participation and support is of utmost importance in helping the Association fulfill its role. We urge your active involvement and contribution to the community.

For members renewing your membership for the year 2011 before end of February 2011, we offer a special credit of HK$4,000 which is redeemable at our events throughout the year. special offer is applicable when we have received your renewal fees. Renew early and start taking advantage of the savings!

If you wish to help us in any way, please contact Patricia Chiu at or Ivan Yip at Invoices will be sent for renewal. We very much hope you would continue to support our work and we look forward to your continued membership in the Association.

If there is a change of the representative/s of your firm, kindly update your firm's record by completing the attached form.
Membership Record Updates Form

• Full Member Update Form
• Associate Member Update Form
Sponsorship Opportunity
If you are interested in sponsoring the event, please contact Patricia Chiu at Tel: 2845 6100 / Email:

The new EU Directives on AIFM
On 11 November 2010, the European Parliament voted to approve the controversial new Directive on Alternative Investment Fund Managers by an overwhelming majority (513 to 92 votes), concluding many months of highly politicised and contentious negotiations among the European Union regulators, individual Member States, and the industry.

Fund and Asset Management update
In October, the Securities and Futures Commission began a one-month consultation to solicit public comments on a proposal to refine the requirements for evidencing whether a person qualifies as a high-net-worth professional investor. This is particularly relevant for managers who target professional investors as clients.

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.


A special discount of 50% (original fee: USD800) is offered to HKVCA and other regional VC associations members. Please contact Lilia Chin at Email: for the Registration Code before you register online at


HKVCA is the co-organizer of the AFF Deal Flow on the 2nd day of the forum. This is the 3rd year we are co-organizing the Deal Flow Session with the Hong Kong Trade Development Council (HKTDC).

AFF Deal Flow is one of the key AFF 2011 networking opportunities which will enable participants to meet with potential business partners from different parts of the world. It allows private equity and venture capital firms, intermediaries, funds and transaction support professionals to establish new business contacts and negotiate deals through pre-arranged meetings with potential partners on a one-on-one basis. Over the past two years, more than 150 companies from 20 countries and regions have engaged in AFF Deal Flow* with discussions of deals each ranging in value from US$5 to 100 million.

Details of AFF Deal Flow as follows:
Date:     January 18, 2011 afternoon
Venue:  Hall 5F-G, HK Convention & Exhibition Centre
If you are interested in participating, pls register online here.
For more details, please refer to the event flyer.

Should you have further queries, please contact Lilia Chin (HKVCA) at Tel: (852) 2845 6100 / Sindy Mak (HKTDC) at Tel: (852) 2584 4266.

SuperReturn China 2011

Date: March 28-30, 2011
Venue: Ritz Carlton, Financial Street, Beijing
Language: English and Mandarin (SI)
Organizer: ICBI
Registration: 10% discount for HKVCA members

The world's largest private equity event series brings together the most powerful LP & GP players in China. Hear from 80+ top local & international speakers. Learn about the most lucrative PE & VC opportunities and pressing issues. Simultaneous translation in Chinese and English.

For more details, PLS visit website

10% discount – quote VIP: FRK3A3THKVCA when you register.
December 6
HKVCA Cocktail Mixer
December 16
Young PE Professionals Cocktail Launch
January 18, 2011
HKVCA Gala Dinner
January 19, 2011
Asia Private Equity Forum
February 2011
HKVCA Private Equity Fundamental Course
March 25, 2011
HKVCA 8th Annual Golf Day

The above is subject to change
EU Directives
Please join HKVCA in presenting the case of Asian Private Equity to the European Union authorities on EU Directives on regulations related to Asian Private Equity funds.
Our letter to HK Government
EVCA – "Third Country Treatment under Alternative Investment Fund Manager (AIFM) Directive"
Associate Member

International Administration Group (HK) Ltd
Represented by
Mr. Julian Carey

International Administration Group is a fund administrator of alternative assets funds with a particular focus on private equity, venture capital and real estate funds. We also administer fund of funds and funds listed on various stock exchanges around the work. We are located in Hong Kong, The Cayman Islands and Guernsey.
HKVCA Cocktail Mixer

HKVCA PE Fundamentals Course


Mr. Conrad Tsang spoke at "2010 Global PE Beijing Forum" in Beijing
November 14, 2010

Conrad Tsang, Chairman of PRC Committee was invited as the Guest Speaker at "2010 Global PE Beijing Forum" in Beijing. Mr. Conrad Tsang shared his views of international financial supervision on Private Equity and Venture Capital industry.

Mr. Alvin Ho spoke at "14th Beijing-Hong Kong Economic Cooperation Symposium" in Hong Kong
November 25, 2010

Mr. Alvin Ho, PRC Committee Member of HKVCA, was the Guest Speaker at "14th Beijing-Hong Kong Economic Cooperation Symposium" in Hong Kong. Mr. Alvin Ho gave a talk on key considerations in screening projects in emerging industries.

HKVCA Seminar: Current Regulatory Environment for Practitioners of PIPE Deals
November 16, 2010

Andrew Whan from Clifford Chance lead a Masterclass on all-you-should-know about PIPE Investments in Hong Kong. The discussion was comprehensive covering regulatory framework, structuring, investor's rights, disclosure obligations, timetable with interesting case studies. The class was highly rated by the participants.

HKVCA 7th Wine Tasting Event
November 22, 2010

The 7th Wine tasting was a resounding success! The pairing of 6 superb wines with the choice of Western and Chinese food was quite a gastronomic experience. Simon Tam the renowned wine expert entertained and educated the packed house of 60 participants. Thanks to sponsors Alter Domus and Clifford Chance.

HKVCA Member Monthly Breakfast
November 1, 2010

The HKVCA Member Monthly Breakfast is generally scheduled on the first Monday of each month. It provides an excellent opportunity for our members to network and to meet our Executive Committee.

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

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 to enroll on our speakers list.

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