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Date: |
October 22, 2010 (Friday) |
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Time: |
12:30 – 2:00 pm |
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Venue: |
The China Club,
14/F Old Bank of China,
1 Bank Street, Central, Hong Kong |
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Online: |
Why invest in private assets classes? |
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Rationale and long-term returns |
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Recent trends in private investing |
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What has changed post global financial crisis? |
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Lessons learned |
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What is the role of private asset classes in the portfolio? |
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The spectrum of private strategies |
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Return and other objectives |
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Role of real assets |
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Investment philosophy and strategy |
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Determining target allocation, investment pace and commitment sizing |
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Importance of diversification, by vintage year, geography, etc. |
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Role of secondaries |
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Implementation: opportunities and challenges |
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Key success factors |
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Track records in Asia |
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Alignment of LP/GP interest |
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Q&A |
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Speaker: |
Anouk van der Boor
Managing Director
Cambridge Associates Asia |
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Date: |
October 28, 2010 (Thursday) |
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Time: |
3:00 – 5:00 pm |
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Venue: |
HKIS Learning Centre
8/F Jardine House, 1 Connaught Place, Central, Hong Kong |
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CPT points: |
2 |
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Outline: |
Part 1 - Update on fund regulation in Europe and United States - and the consequences for Private Equity Funds in Asia!
Both the European Commission and the United States Congress are issuing more stringent compliance rules and regulations for the fund industry. We will briefly discuss the consequences of these new rules for the Asian Private Equity funds.
Part 2 - How to best structure your acquisition further to the tax changes in China and India?
In this part, the speakers will briefly outline the opportunities to lower tax costs so to increase the fund's return by setting up intermediate holding companies. The countries which are typically considered as intermediate holding jurisdictions will be presented from a tax and practical perspective. Further, local developments (China, India etc.) which may limit the benefits of offshore holding structures will be discussed.
Panel discussion: Case studies for investments into China, India, Japan |
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Speakers: |
Nigel Hobler, Principal, KPMG
Miriam Keusen, Senior Manager, Tax, KPMG
Diederik Werdmölder, Regional Director, Business Development Asia, ATC Hong Kong
Brian M. McDaniel, Partner, Goodwin Procter LLP |
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Accreditation
SFC: Licensed individuals may claim CPT points on the courses taken which their employers consider those courses as relevant to the functions to be performed by them. |
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Date: |
November 16, 2010 (Tue) |
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Time: |
3:00 – 5:00 pm |
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Venue: |
HKIS Learning Centre
8/F Jardine House, 1 Connaught Place, Central, Hong Kong |
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CPT points: |
2 |
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Outline: |
The class will cover the following:-
- How to structure a PIPE investment in Hong Kong listed companies (whether old or new securities; ordinary or preference shares; convertible securities and/warrants)?
- Is it possible to obtain minority protection rights in the form of board representation, anti-dilution rights, veto rights, information rights etc.?
- How to avoid concert party pitfalls and triggering mandatory takeover obligations?
- Insider dealing and disclosure of interest issues.
- Other Listing Rule considerations.
Mr Whan will speak to several precedent PIPE transactions that he and the Clifford Chance private equity team has recently advised on. |
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Speaker: |
Mr. Andrew Whan
Partner, Private Equity,
Hong Kong
Clifford Chance |
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Accreditation
SFC: Licensed individuals may claim CPT points on the courses taken which their employers consider those courses as relevant to the functions to be performed by them. |
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Date: |
November 24-26, 2010 |
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Venue: |
Hong Kong Science Park, Shatin |
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Organizer: |
Hong Kong Science and Technology Parks Corporation |
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Co-organised by HKVCA, this three-day conference focuses on technology, innovation and commercialisation in connection with developments in energy optimisation, digital living, life sciences, and telecommunications. For details, please visit: www.innoasia.net
HKVCA co-organise a VC/Angel conference on Nov 25 and an Entrepreneurial Venture Workshop on Nov 26 led by experienced practitioners from the industry. Details as follows:
Experienced international investors and local investment gurus will speak about the latest investment trends in specific technology areas and selection criteria for investment, and illustrate practical investment know-how through case studies.
Date: |
25 November 2010 (Thu) |
Time: |
12:00 – 18:00 |
Venue: |
Charles K Kao Auditorium, Hong Kong Science Park |
:: Download Full Programme ::
The Venture Workshop is designed for investment-seeking entrepreneurs/companies wishing to refresh and enrich their knowledge of the entire investment cycle. The workshop is led by industry veterans and practitioners engaged in years of deal-making, structuring company, value-creation in companies and exits. Theories illustrated by real case studies will be shared in order to equip participants with the negotiation skills and tactics needed before, during and after the investment.
Date: |
26 November 2010 (Fri) |
Time: |
09:00 – 18:00 |
Venue: |
Conference Hall 07, Hong Kong Science Park |
Registration: |
20% off discount for HKVCA members register before Oct 28 |
Programme |
AM Session: Nature of Entrepreneurship and Nature of a Hi-Growth Venture |
0900 |
Registration |
0930 |
Topic: Nature of Entrepreneurship and Nature of a Hi-Growth Venture
Speakers:
• Prof Kevin Au, Associate Professor, The Chinese University of Hong Kong
• Dr Dominic Chan, Chief Consultant, Decisive Consulting Limited |
1100 |
Real Case Study of a Hong Kong-Based Technology Firm
Group discussion
Open sharing with investor of the case |
1230 |
Lunch Break |
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PM Session: An Inside Look at Venture Capital Cycle |
1345 |
Topic: Introduction and Overview of the Investment Cycle
Speaker: Mr Marvin Lai, Co-chairman, Venture Committee, Hong Kong Venture Capital and Private Equity Association |
1400 |
Topic: Entrepreneurship: What make a Successful Entrepreneur?
Speaker: Mr Jeffrey Cheung, Managing Director, Crossgate Advisors Limited |
1445 |
Topic: How Investor Screen Deals: The Selection Process and Criteria
Speaker: Mr Marvin Lai, Co-chairman, Venture Committee, Hong Kong Venture Capital and Private Equity Association |
1530 |
Coffee Break |
1545 |
Topic: Due Diligence and Valuation: What and How
Speaker: Mr Alvin Ho, Managing Director, Chepstow Capital Advisors Limited |
1630 |
Topic: Negotiation and Term Sheet: from "Software" to "Hardware"
Speaker: Mr Basil Hwang, Partner, Dechert LLP |
1715 |
Topic: Post Investment: Board Seat, Monitoring, Value-Adding and Exit
Speaker: Mr K.O. Chia, President, Hong Kong Venture Capital & Private Equity Association |
1800 |
Wrap-up
Speaker: Mr Roger Marshall, Committee Member, Venture Committee, Hong Kong Venture Capital and Private Equity Association |
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For more details about the events, pls visit here.
:: Online Registration ::
ENQUIRY
Tel: 852-3605 9502 / 852-3605 9504
Fax at 852-3605 9492
Email at info@innoasia.net |
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Date: |
November 1 |
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December 6 |
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Time: |
8:00 - 9:00am |
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Venue: |
The Hong Kong Club |
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Seats are limited and registration is on first-come-first-serve basis.
For enquiry, please call (852) 2845 6100. |
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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.
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Date: |
November 13-14, 2010 |
Venue: |
China World Summit Wing, Beijing |
Language: |
Mandarin, English |
Organizer: |
China Private Equity Association, Beijing Private Equity Association |
Registration: |
20% discount for HKVCA members |
The Global PE Beijing Forum has hosted twice on last two years, and had invited well-know GPs and LPs worldwide, e.g. KKR, Carlyle, The California Public Employees' Retirement System etc. For this year, we are inviting more than 10 national PE/VC associations, senior officials of Chinese government, leading foreign and Chinese GPs and LPs, and well-know institutional investors of PE/VC industry in China and abroad to join this forum, to discuss relevant PE/VC hot topics, such as financial regulatory reform, LPs and GPs experience sharing etc. For more details, please visit here.
HKVCA members can enjoy 20% discount off on registration. Pls contact Kevin Bian at Tel: 2845 6100 / Email: kbian@hkvca.com.hk. |
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Date: |
Oct 20-21(Wed-Thu), 2010 |
Time: |
14:00-17:00 |
Venue: |
Grand Hyatt Hong Kong/Chief Executive Suites 1
(1 Harbor Road Hong Kong) |
Organizer: |
Taiwan Venture Capital Association (TVCA) |
Taiwan Venture Capital Association will be taking four or more selected Taiwanese start-ups (See attachment) to Hong Kong seeking for overseas fundraising opportunities from October 20 to October 21. TVCA would like to arrange individual meetings with investors who might be interested in. If you are interested in the above firms and would like to schedule a meeting with them, Pls contact Ms. Minmin Liao, Tel: 886-2545 0075 Ext 22, Email: minmin.liao@tvca.org.tw, thanks. |
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Date: |
October 26, 2010 |
Time: |
8:00 am – 5:30 pm |
Venue: |
Gran Melia, Shanghai Pudong |
Language: |
English |
Organizer: |
Shanghai Business Review (Middle Kingdom Media Ltd) |
Registration: |
30% discount for HKVCA members |
The Event for international entrepreneurs and their service providers wishing to meet, and learn how to start, build and sell successful business in China. Delegates will have an excellent opportunity to learn, explore and discuss not only how to effectively start and grow new businesses in China, but also how to optimize these ventures and successfully sell them. HKVCA members receive a 30% discount. For more details, pls visit here. |
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Date: |
November 2-3, 2010 |
Place: |
Grand Intercontinental Hotel, Seoul |
Organizer: |
KOTRA - Invest Korea |
Registration: |
Free of charge |
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This Korean government organized forum will be a great opportunity for Hong Kong-based investors to learn about investment opportunities in Korea, and also the asset allocation and GP selection criteria of major Korean limited partners including the National Pension Service, and the Korea Venture Investment Corporation.
Up to 3 nights' accommodation can be provided for attending HKVCA members. Korea Private Equity & Venture Capital Forum Brochure. |
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Please contact Ms. Janet Yeung by email or on (852) 2545-9500 for more information. |
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Date: |
November 8-9, 2010 (Mon) |
Venue: |
Meeting Rooms S221-S227,
Hong Kong Convention and Exhibition Centre |
Organizer: |
Jointly organized by the eight tertiary institutions in Hong Kong and the HK Science and Technology Park |
With a theme of "Partnering for Success: Mastering Innovation, Leveraging Opportunities, Engaging Community", the Conference aims to highlight the role of knowledge transfer and its impact on the economy through the sharing of knowledge and best practices. The various forums at the conference will explore the dynamic and complex issues involved in knowledge transfer activities. We expect to have an audience of over four hundred at the Conference, including business executives, university policy makers, licensing professionals, academics and researchers. In terms of geographical coverage, participants are expected from Hong Kong, the Chinese Mainland, countries in the region, Europe and the US. For more details, please visit www.ktconference.com
A business matching forum will be scheduled in Day 2, where all the universities and R & D centres in HK as well as our overseas counterparts will present their ready to market technology outputs. HKVCA's members are free to attend the business matching forum by filling out the form. |
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Date: |
November 24-25, 2010 |
Venue: |
Plaza Heisei" at Tokyo International Exchange Center |
Organizer: |
Japan Venture Capital Association (JVCA) |
Today, Asia is perceived as a region that holds a critical key to maintaining sustainable development of the global economy, thus faces heightened expectations to become a new "Innovation Center". In promoting venture companies – primary drivers of innovation activities – to develop their businesses across the Asian region, venture capital (VC) firms with global perspectives play an critical role, by providing a wide breadth of assistances venture companies need; from supplying risk money to mentoring over corporate management issues.
Based upon such recognition of Asia's role, an international forum titled "Asian VC Network" will be held in Tokyo, with a view to promoting cross-border investment activities of VC firms across the region. A number of Japanese venture companies with leading-edge technologies will also be invited to participate in the forum, in order to promote their networking opportunities with other Asian VC/VBs.
For more details, pls download the flyer here. |
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October 22
Luncheon Talk:
The Role of Private Equity in the Portfolio
October 28
Masterclass:
Private Equity Holding Jurisdictions:
Regulatory and Tax Changes in China, India, US and Europe – How do they impact the Asian Private Equity industry?
November 16
Seminar
Current Regulatory Environment for Practitioners of PIPE Deals
November 22
HKVCA 7th Wine Tasting Event
November 25-26
InnoAsia 2010:
HK VC / Angel Conference & Venture Workshop
December 6
HKVCA Cocktail Mixer
January 18, 2011
HKVCA Annual Dinner
January 19, 2011
HKVCA-EMPEA Asia Private Equity Forum
February 2011
HKVCA Private Equity Fundamental Course
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Represented by
Mr. Owen Tu
Established in Hong Kong on Jan 1999, China Merchants Technology Holdings Co., Ltd
(CMT) is China Merchants Holdings Co., Ltd's sole professional company that engages
in venture capital investment, start up incubation and hi-tech park management. As a
leading Chinese VC firm, CMT has done over 100 deals mainly in the industries of IT,
telecommunication, semi-conductor, bioengineering, new material.
Represented by
Mr. Eric Mason
The Church Pension Fund provides retirement benefits for the employees of the
Episcopal Church. The Fund, which manages $8.5B in assets, operates as a private,
tax-exempt organization. While headquartered in New York City, where 14 investment
professionals reside, the Fund opened its Asia office in Hong Kong in 2009 to monitor
existing investments and search for new opportunities.
Represented by
Mr. Jeffrey Lee
Northern Light Venture Capital is a venture capital partnership targeting early and early
growth stage opportunities in China. NLVC's mission is "to partner with world-class
entrepreneurs to build world-class companies." Founded in 2005, NLVC manages
approximately US$500 million in committed capital with 2 US$ funds and 2 RMB funds
from leading global institutional investors.
Represented by
Mr. Martin Crawford
Mr. Jonathan Clifton
Established in 1986, the Offshore Incorporations Group (OIL) specialises in company
formation in the premier jurisdictions of Anguilla, Bahamas, British Virgin Islands,
Cayman Islands, Delaware, Hong Kong, Mauritius, Samoa, Seychelles and Singapore.
With its principal offices in Hong Kong, China, Singapore and Taiwan, OIL is Asia's
leading company formation specialist.
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September 30, 2010
TMX Group gave members an overview on the listing and trading of Toronto Stock Exchange at the China Club.
September 10, 2010
Mr. Marshall Mays, Director of Emerging Alpha Advisors Ltd, shared his views on the current regional economy and investment strategies.
September 6, 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.
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Mr. Vincent Chan and Ms. Alice Chow spoke at "2010 China RMB VC/PE Fund Forum" in Beijing September 3, 2010
Mr. Vincent Chan, Co-President of HKVCA and Ms. Alice Chow, PRC Committee Member were invited as Guest Speakers at "2010 China RMB VC/PE Fund Forum" in Beijing sharing their views on setup of RMB funds verses USD Funds.
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Mr. Vincent Chan, Mr. Alvin Ho and Mr. SC Mak spoke at "SME Equity Financing Forum of the 7th CISMEF" in Guangzhou
September 16, 2010
Mr. Vincent Chan, Co-President of HKVCA, Mr. Alvin Ho and Mr. SC Mak, PRC Committee Member were invited as Guest Speakers at "SME Equity Financing Forum of the 7th CISMEF" in Guangzhou. Mr. Vincent Chan gave a keynote speech on the Hong Kong financial market, Mr. Alvin Ho and Mr. SC Mak shared their views on equity financing in the panel discussion. |
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HKVCA PRIVATE EQUITY FUNDAMENTALS COURSE 2011 |
Date : |
15, 17, 22 & 24 February 2011 |
Time : |
3:00 – 6:00 pm |
Venue : |
HKUST Business School,
15/F HK Club Building, 3A Chater Road, Central |
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Drucker 100 Management Forum II
October 15, 2010
The China Mega-Forum for Entrepreneurship and Innovation
October 25-26, 2010
2010 China International LP Summit
November 7, 2010
The 23rd Annual AVCJ Forum
Asia’s Private Equity Week
November 9-12, 2010
2010 CVCA AGM & Summit
November 17-18, 2010
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HKVCA is pleased to announce that members can enjoy 10% discount off the standard rate on subscription to the weekly AVCJ magazine and Asian Private Equity Directories www.avcj.com.
Please contact Ms. Sally Yip ( sally.yip@incisivemedia.com) for the magazine and directories subscription.
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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 enquiry@hkvca.com.hk
Each opening will be posted on HKVCA's website for one month. The service is free of charge.
:: Job Placement Form ::
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See Job Opening |
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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.
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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 patchiu@hkvca.com.hk to enroll on our speakers list.
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