1) Licensed individuals may claim SFC CPT Points on the courses taken which their employers consider as relevant to the functions 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 6, 2012 (Friday)
 February 3, 2012 (Friday)

Time: 8:00 - 9:00am

Venue: The Hong Kong Club

Seats are limited and priority to members


HKEx Streamlines Rules Governing the Listing of Debt Securities Offered to Professional Investors
HKEx has recently issued its Consultation Conclusions on the Proposed Changes to Requirements for the Listing of Debt Issues for Professionals Investors Only, which amends the rules for listing debt securities offered to professional investors, and marks a significant step by the HKEx to enhance its attractiveness as a listing platform for debt securities.

VIE Structures in China: What you need to know?
For more than a decade, the captive or “Sina-modal” structure has been adopted by foreign-invested PRC companies operating in industries subject to restrictions on foreign investment. The structure has become commonplace and is used by many of China’s most well known offshore-listed companies.

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.

OTHER EVENT (Co-organized by HKVCA)
Date: January 16 -17, 2012
Place: Hong Kong Convention & Exhibition Centre
Organizer: The Government of the Hong Kong Special Administrative Region
Hong Kong Trade Development Council
Registration: HKVCA members attending AFF + APEF enjoys a Special Package at HK$5150 (until Dec 15, 2011)

Against the backdrop of uncertainties rooted in the sovereign debt crisis, now is the time to take a closer look at the possible impacts on Asia and its economy.

The Asian Financial Forum (AFF) brings together influential members of the global financial and business community to discuss Asia's role in driving sustainable growth for the world. This is your opportunity to build up contacts, gather the latest market intelligence, and explore business opportunities in Chinese mainland and the rest of Asia.

Distinguished speakers include Michel Barnier of European Commissioner for Internal Market and Services, Jong-Ku Choi of Ministry of Strategy and Finance of Korea, Richard Samuel Elman of Noble Group Limited, Douglas Flint of HSBC (invited), Tshepo Kgadima of LontohCoal, K K Modi of Modi Enterprises, Michele Norsa of Salvatore Ferragamo (invited), John G Rice of GE, U.K. Sinha of Securities and Exchange Board of India, Professor Joseph Stiglitz of Columbia University, John Zhao of Hony Capital and many more renowned speakers from around the world …

Register online at now!



HKVCA is the co-organizer of the AFF Deal Flow on the 2nd day of the forum. This is the 4th year we are co-organizing the AFF Deal Flow with the Hong Kong Trade Development Council (HKTDC).

AFF Deal Flow is one of the key AFF 2012 networking opportunities which will enable participants to meet with potential business partners from different parts of the world. The 3-hour deal-making session will comprise one-on-one meetings between private equity and venture capital firms, intermediaries, funds and transaction support professionals, according to shared areas of interest.

For enquiries, please contact Matthew Ip (HKTDC)
Tel: (852) 2584 4266 / Email:


The 11th China Venture Capital & Private Equity Annual Forum 2011

Date: December 7-8, 2011
Venue: Kerry Centre Hotel, Beijing
Organizer: Zero2ipo Group
Registration: 15% discount off for HKVCA members

Building on the success of past 10-year events and CVCF’s deserved reputation as the most prestigious investment conference in China, the 11th China Venture Capital and Private Equity Annual Forum @Beijing will be held on Nov.7-8th in Kerry Centre Hotel Beijing. More than 1000 leading global VC&PEs are expected to attend this forum.

Many well-known VC&PEs and Industry Elites, including Xinjun Liang from Fosun Group, Haitao Jin from Shenzhen Capital, Andrew Y. Yan from SAIF Partners, Hongqiao Chen from SZSE and other investment leaders from IDG Capital, Fortune Venture Capital, Jiuding Capital, Intel Capital, Qiming Venture Partners, Highland Capital Partners, NEA, Legend Capital, Tsing Capital, GSR Ventures, KPCB China, DT Capital Partners, SBCVC, and SVB Capital China, have all confirmed to attend and share their outlooks about China Investment Market.

For more details, PLS visit:

For enquiries, PLS contact: Ms. Jesmine Zhao,, Tel: 8610 8458 8058



The 2nd Dianchi Pan-Asia Equity Summit 2011

Date: December 15-17, 2011
Venue: Kunming, Yunnan, China
Organizer: China Venture Capital Research Institute
Registration: FREE for HKVCA members

Organized by People’s Government of Kunming Municipality, Yunnan Private Equity Association, China Venture Capital Research Institute, and Yunnan Investment Group Co., Ltd., The 2nd Dianchi Pan-Asia Equity Summit 2011 will be held in Kunming from December 15 to 17, 2011. With the theme “Establish Regional Financial Center and Promote ‘Bridgehead’ Construction”, this Summit will invite executives from banks, security agencies, private equity institutions and other organizations at home and abroad to analyze the task and path of Kunming “bridgehead” construction, and offer advice for the development of regional financial center. For more information, please kindly refer to

For enquiries and Registration, please contact: Ms. Mona Wang by or
86-755 82800060


Year 2012

January 6, 2012
Members Breakfast
January 17, 2012
Gala Dinner
January 18, 2012
The 2nd Asia Private Equity Forum
February 3, 2012
Members Breakfast
February 2012
Private Equity Fundamentals Course
March 16, 2012
The 9th Annual Golf Day
The above is subject to change

Full Member

Carlyle Asia
Investment Advisors Ltd

Represented by
Mr. David Tung and Ms. Dorothy Lee

Established in 1987, The Carlyle Group is one of the world’s largest and most diversified multi-product global alternative asset management firms. We advise investment funds and other investment vehicles that invest across a range of industries, geographies, asset classes and investment strategies and seek to deliver attractive returns for our fund investors through an array of specialized investment products.

Joint Fortune Capital Management (Hong Kong) Co. Ltd
Represented by
Mr. Benny Zhu and Ms. Yiwei Li

Joint Fortune Capital is a disciplined growth capital manager focusing on China since 2006. It currently manages RMB 3 billion AUM with unparalleled track record: Weighted Average Entry Multiple was under 8x, Realized IRR was 87.3%, Expected IRR is 66.5%.

The 8th Wine Tasting Event "A Tour of Bordeaux"
November 21, 2011

The 8th Wine tasting broke records with 70 attendees and a long waiting list. The star was Simon Tam who led the wine tasting for the past 7 years building a large and loyal following amongst our members. Simon gave a "Tour of Bordeaux" of special wines. As always the talk was entertaining and instructive, providing greater knowledge of wines to the audience. Simon Tam recently joined Christies as Head of Wines. Thanks to the organizing committee and especially Marcus Thompson for a very successful event.

Talk on 'Latest Trends in the US Venture Capital Investment Structuring'
November 8, 2011

Mr. Richard Kimball, Partner of Edwards Wildman Palmer LLP made a presentation on “The latest trend in Venture Capital and the US Elements in Offshore VC Investment Structure” covering 1) What is driving US Venture Capital to the Greater China market? 2) Typical US Venture Capital transaction structure 3) Special US tax considerations.

Asian VC and PE Council Meeting
November 3, 2011 in Suzhou, China

3 members of HKVCA Executive Committee, Johnny Chan, President, Vincent Chan, President and Conrad Tsang, Vice Chairman attended Asian VC and PE Council Meeting on Nov 3 in Suzhou, China. The MOU was co-signed by Japan, Korea, India, Singapore, Taiwan and Mainland China’s associations. The formation of Asian VC and PE Council was announced on Nov 4 at CAPE’s Annual Conference. The formal inauguration in Hong Kong on Jan 19, 2012 after Asia Private Equity forum on Jan 18, 2012.

CAPE’s Annual Conference
November 4, 2011 in Suzhou, China

3 members of HKVCA Executive Committee, Johnny Chan, President, Vincent Chan, President and Conrad Tsang, Vice Chairman of HKVCA attended CAPE’s Annual Conference on Nov 4 in Suzhou, China.
Asia Private Equity Forum 2011

More than 30 distinguished speakers who are leading practitioners in Asia gathered to share knowledge of their markets in China, India, South East Asia and Central Asia at the Asia Private Equity Forum 2011. For the 240 participants from across the continents from China, US, Canada, India, Europe, Russia, Australia, Japan, Korea, Taiwan and South East Asia, it proved to be a worthwhile day in understanding the opportunities and challenges in each of the markets, and in very useful networking.
The next Asia Private Equity Forum will be held on January 18, 2012.

HKVCA Gala Dinner 2011

The Gala Dinner 2011 was a complete sell out with over 200 guests! It was a great way to kick off the New Year and to celebrate with colleagues and friends in the industry.
The next Gala Dinner will be held on January 17, 2012. Register early for the best tables.

Private Equity Fundamentals Course

Private Equity Fundamentals Course 2011 was attended by more than 80 participants. A new module was added this year covering the whole process of Early Stage Investment, Deal Sourcing and Structuring, Valuation and Deal Protection, Management of Portfolio Company and Exit Strategies. The course is highly rated by the participants.
The next Private Equity Fundamentals Course will be held in February 2012
HKVCA Representative Office in Beijing
For more information about HKVCA Beijing Representative Office, Please contact Mr. Kelvin Bian, Tel: 010-88087035.
Partnership with Beijing PEA.

有关香港创业及私募投资协会 北京代表处的详情,请邮件联系边先生或致电010-88087035 , 与北京股权投资基金协会互为合作伙伴。
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.

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.
HKVCA Corporate rate is available

at Hong Kong:
• Conrad Hotel HK,
• Fleming Hotel HK

at Shanghai:
• L'otel Shanghai

Contact Ms. Lilia Chin at for more details.

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