COMING EVENT
COMING EVENT

Date: April 17, 2012 (Tuesday)

Time: 12:30 – 2:00 pm

Venue: The China Club,
14/F Old Bank of China,
1 Bank Street, Central, Hong Kong

CPT points: 0.5

Outline:
  • Shift of focus: from oil & gas to retail
  • Current and projected performance of tertiary sector in Russia
  • Industries to watch

Speaker: Sergio Men
Managing Partner (Russia & the CIS), Eurasia Capital Partners & Vice Chairman, Hong Kong General Chamber of Commerce, Europe Committee

  Mr Men advises leading metallurgical and oil & gas companies from Russia and the CIS seeking additional financial resources, as well as Asian investors interested in cross-border M&A strategies within the former Soviet Union.

 
Accreditation:
0.5 CPT Points can be claimed for full attendance. Licensed individuals may claim SFC CPT Points on the courses taken which their employers consider as relevant to the functions performed by them.

COMING EVENT
COMING EVENT
COMING EVENT
SAVE THE DATE
COMING EVENT

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


Date:
 April 13, 2012 (Friday)
 
 May 4, 2012 (Friday)

Time: 8:00 - 9:00am

Venue: The Hong Kong Club

Seats are limited and for members only

RESOURCE

How do the proposed FATCA regulations impact Asset Managers?
The Foreign Account Tax Compliance Act (“FATCA”) provide guidance on a number of specific implementation issues relevant to the asset management industry, and it is clear that a number of comments received from the industry were incorporated into the regulations.

Lessons learned from indirect share transfer cases made public by Chinese tax authorities
Since 2010, cases of local tax authorities taxing indirect share transfers have been reported intermittently on the official websites of local governments, tax authorities or the China Taxation News. To date, there are seven public cases, including the pre-698 Chongqing Case, which may show the increasing alertness of tax authorities to opportunities to tax indirect transfer, especially in cases where the business purpose of the structure is not obvious. This article summarizes the key facts of the seven cases and discusses the lessons that we may be able to learn from them.

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 Supported by HKVCA

AIMA VC: Decoding Indian Budget 2012 Proposals -
Potential Impacts on FIIs and private equity investors

Date: 12 April 2012
Venue: PwC Conference Center, Hong Kong
Organizer: Alternative Investment Management Association (AIMA)
Registration: Free for HKVCA members to attend

As you may be aware, the Indian Finance Minister recently presented the Union Budget 2012 proposals. Some of the Budget proposals such as General Anti-Avoidance Rule and taxation of "indirect transfers" could have far reaching implications for  FIIs and private equity investors investing into India. In this connection, we are delighted to invite you to attend a one- hour video conference call in which Gautam Mehra, Executive Director & Leader - Asset Management, PwC India, will analyze the key Budget proposals relevant for FIIs and private equity investors.

Gautam's presentation will be followed by a Q&A session.

Please RSVP with Odetta via email: ong@aima.org
OTHER EVENT Supported by HKVCA

The PE Asia Forum 2012

Date: 24-25 April, 2012
Venue: Four Seasons, Hong Kong
Organizer: PE Asia
Registration: 15% Discount for HKVCA Members off the prevailing rate
Discount code: HKVCA12

Back for the seventh consecutive year, the PE Asia Forum is the must-attend event for those that value a high-level conference with the most topical information and meaningful networking opportunities. With more than 60 speakers and dozens of LPs already confirmed, this will be our biggest annual forum yet. To download the event brochure please click here.

15% Discount for HKVCA Members
Call Iris Mui at +852 3182 7529, e-mail iris.m@peimedia.com or register at www.peimedia.com/hongkong12

OTHER EVENT Supported by HKVCA

The IFC’s 14th Annual Global Private Equity Conference
in Association with EMPEA

Date: May 14-17, 2012
Venue: The Ritz-Carlton, Washington, D.C.
Organizer: International Finance Corporation (IFC)
Emerging Markets Private Equity Association (EMPEA)
Registration: Qualified LPs Register for Free!*


Join IFC, EMPEA and 750+ delegates at EM PE Week in Washington, D.C.

At the Global PE Conference, over 750 key industry players from around the globe participate in thought-provoking discussions, debates and analyses around the theme of emerging markets prevailing in a new financial landscape. The Main Conference Forum on May 15th and 16th is part of a week of events focused on emerging markets private equity (EM PE), in conjunction with the second annual Institutional Investors-Only Summit on May 14th and the EMPEA Fundraising Masterclass on May 17th. Topics to be covered at this year’s program include identifying which markets and sectors present the most compelling investment thesis, examining private equity’s transformative role in emerging markets, and discovering how investors are best positioning themselves to maximize returns. Featuring renowned keynote speakers, panel discussions, dynamic debates and interviews on key issues, this week in Washington, DC draws EM PE’s leading fund managers, institutional investors, practitioners and government regulators. For more information, please visit www.globalpeconference.com.

OTHER EVENT Supported by HKVCA

AltAssets’ LP-GP Forum

Date: May 22 – 23, 2012
Venue: London
Organizer: AltAssets
Registration: 20% discount offered to all HKVCA members

AltAssets’ LP-GP Forum: Asia Private Equity is an exclusive, invitation-only event to bring together up to 75 European LPs and 75 Asian GPs in a 'private club' environment. Taking place in London on 22nd & 23rd May, 2012, this unique event is designed to bring the very best private equity and venture capital fund managers, who operate in Asia, together with European institutional investors who have a strong interest in, or are already committed to, investing in Asia.

Link: http://lpgpforum.com/asia/

 
   
EVENT CALENDAR
April 2-3
Course On Financial Modelling & VC Investing
April 13
Members Breakfast
April 16
Focus on Jiangsu Changshu – Investment Opportunities
April 17
Luncheon Talk on Russia & the CIS
April 25-27
Beijing PE Fundamentals Course 2012
May 4
Members Breakfast
June 1
Members Breakfast
June 7
The 11th China Private Equity Summit
June 21
The 25th Annual General Meeting
The above is subject to change
NEW MEMBERS WELCOME

Full Member

The Blackstone Group
Represented by
Ms Carol Kim


EXS Capital
Represented by
Mr Eric Solberg and Mr Felix Lai


The EXS Capital Group is an independent investment firm dedicated to Asia Pacific. Led by 20-year veterans of private investments in Asia supported by a multi-disciplinary, multi-lingual team, the firm has offices in Hong Kong and Tokyo, and is active throughout the region. EXS Capital focuses on privately negotiated investments in major Asian markets in partnership with expert management teams, including private equity, real estate opportunity and special situations.

Secondcap Limited
Represented by
Mr Nirosh Wijewardene and Mr Martin Graham


Secondcap provides liquidity solutions in the secondary market for investors in private funds. Boasting one of the largest global networks of LPs and a unique technology solution, it centralises the secondary transaction process making it easier to close deals at the right price and at a lower cost, whilst preserving GP confidentiality.

 

Associate Member

TransAsia Lawyers
Represented by
Mr Jesse Chang and Mr Philip Ou


TransAsia is a leading PRC law firm recognized for excellence, integrity and strategic thinking. We maintain offices in Beijing, Shanghai, Hong Kong and Tokyo. TransAsia is particularly well-known for employment law and TMT law, and has a highly active outbound investment practice. For more information, please visit www.TransAsiaLawyers.com.

RECENT EVENT REPORT
Getting Ready for FATCA
March 6, 2012


An urgent briefing was held to update members on FATCA (the Foreign Account Tax Compliance Act), a US tax law that kicks in next year. Ms Angelica Kwan from PricewaterhouseCoopers discussed with 20 attendees how FATCA is expected to meaningfully impact Asia Pac funds and how to protect member funds if the funds do not comply with FATCA.


The 9th Golf Day
March 16, 2012


14 flights competed for the golf championship in the Shek O Golf Club, followed by a networking lunch and an auction. All participants had a great time. The event has built good camaraderie and friendships over the years, and has a fixture in the calendar of many of our members.

Join us next year to celebrate our 10th anniversary!


'Motivational Successes in the VC World' and Drinks Mixer
March 26, 2012


Derek Kwik, the 1st Chinese to run in excess of 7,000 kilometers across 7 deserts, 2 jungles and 2 mountains, shared his experience on running across some of the harshest terrains on Earth and drew parallels between early stage investing and running multi-day ultra-marathons. The inspirational talk and networking was enjoyed by all.
PAST EVENT HIGHLIGHT
China Private Equity Summit



The China PE Summit has earned a reputation for its excellence in addressing the important issues which are of interest to practitioners and professionals investing in China, its rich contents and bringing in the best industry experts on the topics. The Summit 2011 attracted more than 320 participants.

The next Summit will take place on June 7, 2012.
HKVCA Representative Office in Beijing
香港创业及私募投资协会
驻北京代表处
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 swong@hkvca.com.hk or Tel: 2845 6100.
 
 
 

Hong Kong Venture Capital and Private Equity Association Limited
Tel: (852) 2845 6100      Fax: (852) 2537 0086
Website: http://www.hkvca.com.hk      Email: enquiry@hkvca.com.hk
 
Disclaimers
The HKVCA newsletter may contain information that is created and maintained by a variety of sources both internal and external to HKVCA. The newsletter may contain the personal opinions and other expressions of the persons who post the entries. HKVCA does not control, monitor or guarantee the information contained in links to other external web sites, and does not endorse any views expressed or products or services offered therein. In no event shall HKVCA be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such site or resource.