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Dear Members:
Happy Year of the Rooster.
This is to inform you that the California Commission
for Jobs and Economic Growth is organizing a trade
mission to Hong Kong led by California Governor
Arnold Schwarzenegger, probably the best known
State Governor in the world. The tentative schedule
is that Governor Schwarzenegger will be in Hong
Kong on April 21-22, 2005. This will be his third
overseas trip since becoming Governor of California.
The first two took him to Japan and Israel. This
mission will include a 200-strong delegation of
business leaders from California and will visit
Beijing and Shanghai before concluding the trip
in Hong Kong. The purpose of this trip is to promote
investments and trade for the State of California.
Although the mission will focus on all industries
particular attention will be given to California's
strengths including information and bio-technology,
agriculture (including the wine-growing industry),
entertainment and tourism.
The Hong Kong Venture Capital and Private Equity
Association will be working with our counterparts
at the Hong Kong General Chamber of Commerce and
the American Chamber of Commerce to organize events
such as the Welcome Luncheon and an Investment
Conference. One of the highlights of the Conference
is to showcase business deals between California,
China and Hong Kong companies. If you have any
of your deals that fit into this category and
would like to use this event to publicize it by
way of a signing ceremony witnessed by the Governor
for example please inform us and we will try to
facilitate. The purpose is primarily to showcase
California as an attractive investment and trade
destination.
We know that many will be interested to also
attend the events stated above. The California
Commission and the Advance Team are currently
working out the details including venue and logistics.
Please watch out for our newsletter and we will
present the details as soon as we receive them.
I also like to take this opportunity to urge
all our members to renew their membership subscriptions
and help us recruit new members. It is your contribution
that will allow us to continue with the exciting
programs for many years to come.
Thank you very much.
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Membership Renewal
for the year 2005
Dear Members,
As the officially recognised Venture Capital
Association in Hong Kong, formed on the recommendation
of the Government in 1987, HKVCA represents the
collective effort of the venture capital and private
equity firms to promote the industry that operates
in Hong Kong/China and Asia.
The venture capital and private equity industry
in Hong Kong has grown substantially since then
and HKVCA continues its efforts to raise the profile
and public understanding of venture capital and
private equity, to promote an influential body
where its views are considered in governmental
policies, and to instill investor confidence in
the industry in Hong Kong.
In 2005 the Association is pursuing new initiatives
to further its mission. It will forge a more coordinated
and purposeful relationships with Hong Kong government
bodies and businesses with special focus on the
Pearl River Delta region.
HKVCA will also continue to maintain the friendly
investment environment and to proactively facilitate
the flow of funds to HK industry. A key task is
to ensure the industry's tax position is maintained
in the current review of the system by Financial
Services, the Treasury Bureau and Inland Revenue
Department. Another priority this year is the
compilation of accurate and meaningful performance
return data that will provide to investors with
credible data on which to base their decisions.
This will hopefully greatly enhance the attraction
of Asia as an Investment destination for Private
Equity funds.
At the same time, HKVCA will continue to expand
its major events - the China Private Equity Summit
and the Annual Venture Capital Conference as well
as maintain its regular luncheon and other social
networking activities such as our annual Golf
Day.
In order for the Association to continue to serve
the interest of the industry effectively, the
Board has recommended that the annual subscription
be raised to HK$10,000, effective January 1, 2005.
We hope you will continue to support the efforts
of the Association. We are a non-profit organization
and rely on your contributions to bring value
to our membership base.
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The Forth
China Private Equity Summit
This is a good time for the private equity community in Hong Kong. Exits are
generating returns, new opportunities are emerging
in China, new funds are being raised. But it
isn't all milk and honey. Today's successes
may raise unrealistic expectations about the
future. New opportunities may turn out to be
mirages. And the regulatory environment on the
mainland remains as fast-changing as ever.
We'll address all these, and other, issues
in our marquee event, the China Private Equity
Summit. Private equity practitioners, legal
experts, tax specialists, and industry speakers
will separate the fluff from what's important:
attractive new sectors. New structuring and
technical issues. Case studies.
Tentative
Program: |
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11:00 a.m. Registration |
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Session
1 : 11.30a.m.
- 12.30p.m.
Where are the Opportunities?-Venture Capital |
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Too much money in Technology?
Can profits continue to be delivered |
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Value added services-Post SMS era |
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Media |
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12:45
- 2:15 p.m. Lunch |
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Session
1(cont.) : 2.15p.m.
– 2.45p.m.
Where are the Opportunities?-Buyout/Privatization |
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Buyout/Privatization |
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Session
2 : 2.45p.m.
– 4.00p.m.
Technical section on legal and accounting
issues |
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Setting up asset management company in
PRC-what are the current rules and regulations?
What are the difficulties in managing RMB
funds & seeking exits for the underlying
investments. |
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New regulation issued by the State Administration
of Foreign Exchange-what is the effect on
restructuring PRC private companies to foreign
enterprise? The impact to VC for seeking
exits for their PRC investments? |
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New accounting standard-IFRS, what is
the impact on Fund Accounting/reporting
on Investee companies |
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The newly created C shares, what is it
and what are the regulations governing the
trading of C shares? Legal Person's shares |
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Forum and Q&A |
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4:00
p.m - 4:20 p.m. Coffee Break |
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Session
3 : 4.20p.m.
– 5.30pm - Case studies |
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VC |
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Buyout |
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Alternative exits |
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Forum and Q&A |
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New member welcome
Associate Member
Jon
Michel Executive Search
Represented by Mr. Philip Clayton
Jon Michel Executive Search (JMES)
was established in 1997 to provide search and
selection services to the financial, professional
services and corporate sectors.
The firm's clients include banks,
investment banks, fund managers, insurance companies,
private equity and venture capital houses, stockbrokers,
consulting firms, early stage venture capital
funded companies and professional practices as
well as a select group of blue-chip corporates.
The team has more than fifty
years of experience between them recruiting in
their respective management disciplines.
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Page
for Professional Services on HKVCA Website
Legal |
Accountancy |
Corporate Advisory |
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If you wish
to list your Company on our website, please
complete the following form with a check for
$4,000 (member) / $8,000 (non-member). The
listing is renewable at the beginning of the
calendar year. |
Professional Services listing
Company: |
Company Address: |
Tel: |
Fax: |
Website: |
Email: |
Types Services
Offered: |
Description of
Business: |
Contact Person: |
Tel. no.: |
Signature: |
Date: |
Note: Please fax the completed form to (852)
2537 0086. The above information can also be emailed
to enquiry@hkvca.com.hk,
with subject quoting "Professional Services
Listing".
Terms & Conditions
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The listing of the company
will be placed on the website of Hong Kong Venture
Capital And Private Equity Association Ltd.
("HKVCA"): www.hkvca.com.hk.
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The listing is based on the
information provided in the above form.
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Maximum page for the listing
is 1 page in A4 size.
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After receipt of payment,
please allow at least 10 working days for listing
to be processed.5. HKVCA reserves the right
to reject or edit any listings.
HK$4,000 for member and HK$8,000 for non-member
will be charged for the listing until the end
of the calendar year. Listing is renewal at the
beginning of each calendar year. Please make check
payable to "Hong Kong Venture Capital And
Private Equity Association Ltd." and mail
to 4010 Jardine House, 1 Connaught Place, Central,
Hong Kong.
Special
Hotel Rates |
HKVCA
Website |
HKVCA has negotiated very special rates
for members at the hotels in Hong Kong. For
more information, please contact Ms. Monica
Lo at
Tel: (852) 2845 6100
Email: mlo@hkvca.com.hk |
If you wish to link your company website
to HKVCA directory on the internet, please
contact Mr. Alex Tsang at
Tel: (852) 2845 6100
Fax: (852) 2537 0086
Email: atsang@hkvca.com.hk |
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All
the newsletters will be sent by email. To receive
by fax, please contact Mr. Alex Tsang at
Tel: (852) 2845 6100
Fax: (852) 2526 2713
Email: enquiry@hkvca.com.hk
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