2010 saw another year of strong growth by RMB funds. RMB funds accounted for 65% of the number of deals and 55% of total investment amount in the China Private Equity market. The notable development is the establishment of RMB funds by foreign fund managers, while domestic fund managers are raising foreign currency funds. Going forward, how will these two forces interact and affect the ecosystem and the competitive landscape? What is the impact on fund raising, investments, portfolio monitoring, and exits?

2010年是人民币基金再度强劲增长的一年。在去年的中国私募投资市场中,人民币基金相关的项目占全年项目总数的65%以及全年投资总额的55%。尽管如此,在外资基金经理筹集人民币基金的同时,本土基金经理亦在筹集外币基金,这两股新势力将会对新平衡和人民币竞争版图产生怎样的交互影响? 对基金筹集,项目投资,投资监控和项目退出又有哪些影响?
Tentative Program 初步日程
Session 1: RMB Funds: Domestic vs International 人民币基金 - 中国与国际
  New ecosystem taking shape. What else is missing?
New Challenges for foreign funds
What does domestic fund say?
Interplay between foreign funds and domestic funds
Session 2: Regulations 法规环境
  Always evolving but maturing
Session 3: LPs Panel Discussion 有限合伙人(LP)的观点
  Onshore vs offshore Investment
Session 4: Risks and Returns 风险与回报
  Successful deals and lessons learned
Session 5: One-on-one Meeting 投资项目配对环节
Session 6: Closing Speech 闭幕致辞
Gold Sponsors 金牌赞助商:
Sponsorship Opportunity (赞助机会)
If you are interested in sponsoring the event, please contact Patricia Chiu at Tel: 2845 6100 / Email:
如您有兴趣赞助本次中国私募投资高峰会, 请与本会执行董事赵女士联系,电话: 2845 6100 / 邮件:
Signing The Partnership Agreement with Beijing Private Equity Association (BPEA)
Beijing Private Equity Association (BPEA) and HKVCA signed a Partnership Agreement of Exchange Representative Office. The Agreement aims to enhance cooperation in promoting business and economic development.
Co-organized by HKVCA

Nomination of Executive Committee 2011 – 2012

  1. Only Full members are eligible to be elected to the Executive Committee.
  2. Only Full members are eligible to vote.
  3. Each nomination requires support from two Full members.
  4. Deadline for the return of the nomination form is June 9, 2011 (Thu).

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

 April 11, 2011
 May 9, 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.

China Introduces Private Equity Filing and Disclosure Procedures
China's National Development and Reform Commission (NDRC) has moved to regulate the private equity sector in that country. This reflects increased interest from Central government authorities in ensuring there is adequate regulatory control over this growing investment sector.

MOFCOM Clarifies National Security Review Procedures
Following the announcement by China's State Council of a new national security review system for foreign M&A acquisitions, the Chinese Ministry of Commerce (MOFCOM) has issued supplementary implementing provisions.

New Pilot Program for Shanghai-based RMB Funds – Missing Pieces Falling into Place
In the latest regulatory development in the closely watched RMB partnership funds sector that has been taking shape over the past year, three Shanghai Municipal governmental agencies — the Shanghai Municipal Financial Service Office (“SFSO”), Shanghai Municipal Commission of Commerce (“Shanghai CoC”), and Shanghai Municipal Administration for Industry & Commerce (“Shanghai AIC”) — jointly announced on January 11, 2011, the Implementation Measures on the Pilot Program for Development of Foreign-invested Equity Investment Enterprises in Shanghai. The Pilot Measures provide helpful guidance for the formation and operation of foreign-invested RMB funds.

China Issues New Anti-Monopoly Rules and Procedures on Pricing Conduct
On December 29, 2010, China’s National Development and Reform Commission (“NDRC”), one of the three agencies responsible for enforcing China’s Anti-Monopoly Law (“AML”), issued new Anti-Price Monopoly regulations (“APM Rules”) that clarify the type of price agreements and pricing behavior prohibited by the AML. The NDRC also issued Administrative Enforcement Procedural regulations (“AEP Rules”) that illuminate the procedures and practices that will apply to investigations and proceedings related to anticompetitive pricing conduct. Both the APM Rules and AEP Rules become effective on February 1, 2011.

Statutory Obligation for Listed Companies to Disclose Price Sensitive Information
On 11 February 2011, the Hong Kong Government published its consultation conclusions on its proposal to enact legislation requiring listed companies to disclose price sensitive information. The Government is proceeding with the proposal, subject to minor amendments, and a Securities and Futures (Amendment) Bill is expected to be gazetted and introduced to the Legislative Council in the 2010/11 legislative session.

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.


ABVCAP 2011 Annual Conference

Date: April 11-12, 2011
Venue: Sheraton São Paulo WTC Hotel – São Paulo
Organizer: Brazilian Private Equity & Venture Capital Association (ABVCAP)
Registration: 15% discount to HKVCA members

ABVCAP's annual conference, the largest private equity and venture capital event in Latin America,  will be held at the Sheraton São Paulo WTC Hotel - (Av. das Nações Unidas, 12559, Itaim Bibi - SP) on 11-12 April 2011.  In 2010, more than 600 people gathered in Rio de Janeiro to exchange experiences, network and learn more about the Brazilian private equity and venture capital, a solid and growing industry.

The continued growth of the local private equity and venture capital industry, the increasing interest from international players, along with a long period of political stability, economical growth, expansion of the middle class among other reasons, have positioned Brazil as one of the main global markets for investments. The 2011 Conference entitled “Brazil on the route to sustainable development and long-term investments” ( will address topics on what makes Brazil a strong market for private equity and venture capital investments. What are the emerging opportunities and difficulties? How does the new play field looks like?

For online registration, please click here.

The Private Equity International Asia Forum 2011

Date: 12-13 April 2011
Venue: Four Seasons Hotel, Hong Kong
Language: English
Organizer: PEI Media
Registration: 10% discount to HKVCA members

PEI is delighted to announce our sixth annual Private Equity International Forum: Asia, taking place on 12-13 April 2011 in Hong Kong.

Over the past six years, the forum has been the preeminent congress for the industry to step back, analyse and contribute to the development and growth of private equity across Asia. Synonymous with thought-provoking agendas, insightful speakers and superior networking opportunities, it has become the key platform for regional and international LPs and GPs to discuss, debate, predict and promote private equity in the region.

For full details of the forum agenda and speaker lineup, please go to

HKVCA members receive a 10% discount on the registration price.
Quote code HKVCA11
To book contact Xin Yan on +65 6838 4563 or


2011 China RMB Funds Forum

Date: April 22, 2011
Venue: Beijing
Language: English and Mandarin
Organizer: China Entrepreneurs (CEBEX Group)
Registration: 20% discount for HKVCA members


Based on the success of the 2010 CE RMB Funds Forum, April 22, 2011, CE will launch the second RMB Funds Forum with more flexible patterns and insightful topics. Topics covered will include development trend of the RMB funds, analysis of QFLP policy, the hybrid development of RMB funds and foreign funds and etc. This forum aims to help LPs / GPs understanding the trend of policies indicated and analyzing funds landscape more insightful. And also build an excellent social networking communication platform for all attendees.

PLS contact Ms. Gioia YANG for more details or visit website

AVCJ Outlook–Taiwan 2011

Date: 11 May 2011
Venue: Shangri-La's Far Eastern Plaza Hotel, Taipei
Organizer: Incisive Media
Registration: HKVCA members are entitled to 10% discount

AVCJ Outlook–Taiwan 2011 aims to promote private equity and venture capital in Taiwan, by bringing together senior government officials with private equity industry leaders and limited partners in Taiwan and other regions such as Mainland China, Hong Kong, Japan and the US, to discuss opportunities in the new investment cycle, both locally and globally.
Key topics to be discussed:
  • An overview of the global investment market and private equity in 2011 and beyond
  • Taiwan's role in the Greater China PE ecosystem: Opportunities in fundraising, investing and exiting
  • Strategies to enhance portfolio companies
  • Access to the Taiwanese capital market
  • How far will cross-Strait economic cooperation take Taiwan?

To register:
Contact: Anil Nathani
Email: / Phone: +852 3411 4938



Date: May 12-13, 2011
Venue: Guangzhou Jin Han Exhibition Centre
Organizer: Hong Kong Trade Development Council
Registration: 30% early bird discount for HKVCA members (before 11 March 2011)

SmartHK – HKTDC's 1st exposition on "innovation & industry upgrading"
SmartHK will focus on the one-stop solutions by HK service providers to manufacturers & retailers, brand owners, private enterprises, etc.  Exhibitors can choose to join one of the 3 scopes:

• Marketing & Management Upgrading:  Finance, Mergers & acquisitions; Corporate management; Accounting; Legal; Business consulting; Advertising & marketing; Logistics; Training

• Innovation & Design:  Architectural & interior design; Design & branding; Licensing; Printing & packaging services

• Technological Advancement: Environmental technology; ICT; New materials; Production technology; Quality control, testing and certification

For more details, pls visit the event website here.

If you are interested in the SmartHK, please contact Miss Sammi Ng at +852 2584 4355 or E-mail:
April 18
Taizhou Medical City Investment Seminar & Dinner
May 27
HKVCA Networking Cocktail
June 13
HKVCA 10th China PE Summit
June 23
HKVCA 24th Annual General Meeting
Full Member

EC Investment Management Ltd (ECIML)
Represented by
Mr. Edmund Lau

ECIML is a Hong Kong based company which specializes in venture capital, investment management, project development and operation, as well as project finance focusing on environmental (waste management), agroforestry, real estate and high technology sectors in PRC, while fast-expanding into North America, Europe and various Asian countries, such as, Singapore. Recently, we are developing two major projects in PRC and worldwide, namely, “Arcon Plasma Hazardous Waste Destruction System (AP System)” and “Fast-growing forest plantations”.

Associate Member

Jun He Law Offices
Represented by
Mr. Stephen Wozencroft

Jun He Law Offices is a leading full-service law firm in the PRC. It has over 300 lawyers and offices in Beijing, Shanghai, Shenzhen, Dalian, Haikou, Hong Kong, New York and Silicon Valley. The firm’s Private Equity practice advises on fund formation and all aspects of investment transactions.

Guangzhou Sinico-Equity Brokers Ltd
Represented by
Mr. Jacky Huang

Incorporated in Guangzhou, China, Guangzhou Sinico-Equity Brokers Limited was granted with dealing license by China Southern United Assets and Equity Exchange Limited. Supervised by the Exchange and relevant Guangdong Government authorities, the company with more than ten professionals mainly acts as dealing agent or private direct investment adviser for assets or equity transactions for SOEs or private business owners in mainland China.

HKVCA Representative Office in Beijing
For more information about HKVCA Beijing Representative Office, Please contact Mr. Kelvin Bian, Tel: 010-88087035, thanks.

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 , 谢谢。
The 8th Annual Golf Day
March 25, 2011

The 8th Golf Day was another great success. The new venue at Shek O was a hit, helped by perfect weather. Everyone had a fun time, using the occasion to build camaraderie and relationships.

PE Young Professionals Cocktail
March 24, 2011

Following the success of the cocktail launch in Dec last year, the Young Professionals in Asia Private Equity Committee held the second networking cocktail on March 24 in Lan Kwai Fong. More than 80 turned up for the drinks. All had a great time and got to know many of peers in the industry.

Luncheon Talk :
'Alternative Energy Investing'
March 22, 2011

Mr. Mark Chen Head of Asia GE Private Equity based in Tokyo gave a timely and outstanding talk on the hot topic of 'Alternative Energy Investing' to a full house. The audience obtained a clear understanding of the alternative energy space and the trend of wind, solar, nuclear and other sources of energy. The talk was particularly interesting and relevant in the context of the tsunami in Japan and Mark's first hand account on the ground.

Brownbag Lunch and Talk:
'Asian Venture Philanthropy Network'
March 4, 2011

In a brown bag lunch, Doug Miller, Chairman of European Venture Philanthropy Association talked to 25 members about his effort to form the Asian Philanthropy Network drawing together investors interested in social enterprises.

HKVCA Member Monthly Breakfast
March 7, 2011

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.
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: