Licensed individuals may claim CPT points (SFC) 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.
If you are interested in sponsoring the event, please contact Patricia Chiu at
Email: / Tel: 2845 6100.

20 May 2010 (Thu)

4:00 – 6:00 pm

HKUST Business School Central,
15/F Hong Kong Club Building,
3A Chater Road, Central

CPT points:

The benefits of using a Holding Company;
The different jurisdictions typically considered to establish a Holding Company.
The costs in relation to setting up Holding Company in different jurisdictions;
The tax implications on the repatriation of profits (i) from Target Company to Holding Company in different jurisdictions, and (ii) from Holding Company to the Investors; and
The tax implications on the capital gains upon disposal of the Target Company or the Holding Company in different jurisdictions

Should you need more information, pleas contact Lilia Chin/Sam Wong at Tel: 2845 6100

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

Study on HKVCA Value and Services... We need members' input

One of HKVCA’s roles 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.  Bearing this in mind, we are continually looking to improve the value and services that we offer to our members; and as part of this process, we have for the first time appointed an outside body. HKUST R&D Corporation Ltd from the Hong Kong University of Science and Technology (HKUST) to assist us in this study.

During the course of the next 2 months, individuals from the HKUST team will contact some of our members in order to obtain a first-hand understanding of where you are satisfied with the HKVCA and where you see potential improvement areas to better serve you.  You will also receive an email survey on this topic during late April, which we would appreciate your cooperation in completing. We sincerely request your assistance on this matter in order for your Association to be a more effective body to serve you, our members.

If you would like to make certain that your views are heard, please do email Ivan Yip, our new external relations manager, at and we will ask the HKUST team to set up a meeting with you.

Update on Foreign-Invested Partnerships in China (April 2010)
With the official launch of the new structure for foreign investment in China – the foreign-invested partnership (FIP), this article outlined the approval process, the flexibility offered and the establishment of foreign-invested fund of FIP. The article concluded that the FIP Measures and FIP Registrations successfully address many of the regulatory uncertainties that have traditionally served as threshold obstacles for the establishment of onshore investment funds in China.

Reliefs under Double Tax Agreements (Feb 2010)
This article summarizes recent tax regulations of China concerning the relief under Double Tax Agreements (DTA) and equity transfers in PRC companies. It also suggests that qualified treaty resident enterprise and individuals who wish to take advantage of DTA relief should take immediate action to apply for approval or file for record as the authority may tighten the regulations.

The Global Venture Capital and Private Equity Country Attractiveness Index 2009-2010
The study provides a ranking of 66 countries, different regions, and a thorough analysis of the countries’ weaknesses and strengths in terms of economic activity, capital markets, taxation, investor protection, entrepreneurial culture and opportunities among other areas of interest to investors.

Illustrative International Financial Reporting Standard (IFRS) financial statements 2009 for Private Equity Funds
This publication provides an illustrative set of financial statements with notes on accounting policies, financial risk management, critical accounting estimates and judgments, interest income and so on, which are prepared in accordance with IFRS.

An update on interpretation by the Inland Revenue Department on the Locality of Profit of the Hong Kong Profit Tax (Jan 2010)
The report updates on the Inland Revenue Department current practice on assessing source of profits, its interpretations on the judgment/decisions of recent court cases and updates its view on the locality of profits.

Q3 2009 US Private Equity Performance Index
The index indicates US PE performance showed positive return across all investment horizon five years and longer for the period ending 30 Sept, 2009.


6th Annual Global Private Equity Investing Conference

Date: April 7-9, 2010
Venue: Thunderbird 6th Annual Global Private Equity Investing Conference Glendale, AZ USA
Organizer: Thunderbird Global Private Equity Center (TPEC)

Recognizing the diverse and intricate challenges of the global economy and the opportunities presented to private equity investors, Thunderbird is pleased to host its 6th Annual Global Private Equity Investing Conference April 8-9, 2010.  Join Sarah Alexander, President, Emerging Markets Private Equity Association (EMPEA); Jennifer Fondstad, Managing Director, Draper Fisher Jurvetson; Marleen Groen, Principle Founder & CEO, Greenpark Capital; Javier Echarri, Secretary-General, European Private Equity & Venture Capital Association (EVCA); Mark O'Hare, Managing Director, Preqin Ltd.; Joseph Quinlan, Managing Director & Chief Market Strategist, US Trust-Bank of America; and more as we discuss the latest trends and opportunities in global private equity investing.

For additional information, please visit

Date: April 20 – 21, 2010
Venue: Island Shangri La, Hong Kong
Organizer: PEI Media

The fifth annual Private Equity International Forum: Asia once again brings together the thought leaders and key players in Asian private equity to address the most pressing issues facing their universe in 2010.

Most Asian private equity funds have braved the global financial crisis better than their peers in the West, thanks to still solid fundamentals across most of the region. How will fresh capital raising efforts go?   Are LPs really poised to make new commitments this year?

Key speakers set to uncover the answers include:

Sander van Maanen - AlpInvest Partners  
Renuka Ramnath - Multiples Alternate Asset Management
Maarten Ruijs - CVC Asia Pacific   
KY Tang - Affinity Equity Partners
Jing Ulrich - J.P. Morgan

Members of HKVCA are entitled to a 10% discount on registration.

Order today at  or call Xin Yan on +65 6838 4563. Ensure you quote promotion code HKVCA10 when ordering.

Korea Venture Investment Fair 2010

Date: April 27-28, 2010
Venue: Seoul Kyoyuk Munhwa Hoekwan Hotel, (Seoul, Korea)
Organizer: Korea Venture Capital Association (KVCA);
Korea Venture Investment Corp (KVIC)

The core objective of “Venture Investment Fair 2010” is to present to potential financial and strategic investors, a comprehensive insight into Korea’s investment environment and opportunities, while providing all participants with an opportunity to forge strong and lasting partnerships with Korean LPs (Limited Partners), local Venture Capital firms and promising Korean Small and Medium Enterprises (SMEs).

For more details, please download program here.

For registration, please download registration form here.

Should you need any queries, please contact Seon-Ah Choi at Tel: 822-2156-2125 /

Hong Kong Delegation to Fujian -
"China (Hong Kong) International Services Symposium"

Date: April 28-30, 2010
Place: Fuzhou, Fujian, China
Organizer: State Ministry of Commerce;
Hong Kong Trade Development Council (HKTDC)

"China (Hong Kong) International Services Symposium" will be held on April 29 at Fuzhou City in Fujian Province.  The theme of the Symposium is to facilitating the communication between two sides while promoting mainland enterprises on business expansion in service industries through Hong Kong Services Platform. Mr. Henry Tang, Chief Secretary for Administration will serve as the officiating guest of honor and the State Assistant Minister of Commerce, Mr. Wang Chao will lead a team of the Central and Provincial officials, Fujian business representatives to attend this fair.

Mr. Fred Lam, the Executive Director of HKTDC will lead the Hong Kong delegation to visit Fuzhou city from April 28 -30. In addition to attend the Symposium above, arranged programmes include meetings with government officials, companies visit and communication events.

For more details, please download program here.

If you are interested in joining the delegation, please download registration form here.

Should you have further queries, please contact Ivan Yip at Tel: 2845 6100 / Email:


Thunderbird Secondary Investing Conference

Date: May 20, 2010
Venue: Millennium Broadway Hotel, New York, NY
Organizer: Thunderbird Global Private Equity Center (TPEC)

Titled “Path to Liquidity: Getting to Yes in the Secondary Market”, the conference will provide timely information on critical industry trends in the secondary market such as the latest pricing trends, who's buying LP interests, information on preparing for going to market, types of deal structures, marketing strategies and legal considerations.  In addition panelists will analyze some of the latest big deals in the secondary market and render their opinion of the transactions.  The conference will be an in-depth learning experience for GPs and LPs that will allow firms to best position themselves in the secondary market and take advantage of upcoming growth and trends.

For additional information, please visit HERE


Associate Member

Zetland Corporate Services Ltd

Represented by
Mr. Tony Chan and Mr. James Sutherland

Established in 1987 and headquartered in Hong Kong with offices around the world, the Zetland Fiduciary Group is a business consultancy offering personal service and professional advice with total confidentiality. Zetland's structures aim to discreetly assist clients to implement global strategies that maximize returns and preserve wealth. Zetland is privately owned and operates independently, while maintaining a worldwide network of banking and finance associates, professional advisers, correspondents and local agents.


China Private Equity Summit 2009

HKVCA Masterclasses


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 ::


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.

Private Equity Fundamental Course
February – March 2010

HKVCA successfully ran the Private Equity Fundamentals Course in February. The four different modules cover deal sourcing and making, structuring, value creation and exit strategies.  The modules were led by highly experienced senior practitioners and experts in the PE market. The course received high ratings from participants.  Thanks to all instructors who dedicated their valuable time and effort.

Masterclass on "Distressed Investment/Cross-border Liquidation"
March 8, 2010

A masterclass on the distressed investment and cross-border liquidation was held on 8 Mar in the HK Club Building. Mr. Eddie Middleton, Partner and Head of Re-structuring Services of KPMG shared the updates and examples drawn from his wide experience around the world.

The 7th Annual Golf Day
March 19, 2010

The Golf Day is into its 7th year, a testament to its success and popularity. Eleven teams competed for the golf championship under a beautiful day in Fanling Golf Club, followed by a networking lunch and an auction. Everyone enjoyed the day and had great fun.

Luncheon Talk on "Using Insurance to Facilitate M&A Deals/Portfolio Insurance Arrangements"
March 25, 2010

Mr. Rick Glover, Regional Director-Asia Pacific, Merger and Acquisition Group of Aon Risk Services introduced transaction insurance solutions for the PE industry. The audience found the luncheon talk at the China Club interesting and informative.

HKVCA Member Monthly Breakfast
March 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.

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