LCP Lon.Asia China

RNS Number:5618M
London Asia Chinese Private Equity
23 November 2006

23 November 2006



London Asia Chinese Private Equity Fund Limited

("LACPEF" or "the Fund")



Investment in Carbon Credit Specialist



LACPEF, the China focused investment fund, is pleased to announce that it is
investing #1.9 million for an 10% stake in China CDM Exchange Centre Ltd ("CCEC"
or "the Company").



Founded this year, CCEC is a Jersey incorporated company providing brokerage,
advisory and research services relating to the reduction of greenhouse gases ("
GHGs") in Asia. It works with businesses and projects that generate carbon
credits, and assists the project owner to identify buyers for and sell on those
carbon credits.



As well as providing advice to projects which generate carbon credits, CCEC also
acts as an emissions broker and maintains its own carbon trading portfolio.  It
manages the only on-line platform for environmental commodity transactions in
China.



The Company operates within the framework of the Clean Development Mechanism ("
CDM") of the Kyoto Protocol, established under the auspices of the United
Nations Framework Convention on Climate Change. The Protocol commits countries
to reducing their emissions of GHGs by pre-determined amounts or compensate for
maintained or higher GHG emissions via emissions trading.



The Company carries out its activities through an alliance with a leading
Chinese emissions broker, Beijing Changjiang River International Holding ("CRIH
"), and provides all the professional services for projects secured by CRIH.
Currently, CCEC is working on 26 projects with aggregate annual CO2 emissions of
approximately 30 million tons.



CCEC's services cover strategy development, analysis, verification, legal and
accounting advice, insurance and other professional services. Owing to its
relationships with leading energy institutions, particularly Chinese power
producers and Asian buyers of carbon credits, CCEC focuses on identifying buyers
for larger-than-average CDM projects in China and negotiating CER purchase
agreements on behalf of its clients.



As the world's second largest emitter of GHGs, China is expected to overtake the
US in GHG emissions by 2025 and become the major player in the global carbon
market. To date China is the largest CDM seller and the target for many of the
carbon credit funds created in the last 18 months seeking to buy carbon credits.



Victor Ng and Simon Littlewood, Executive Directors of the Fund, are being
appointed non-executive directors to the Company.



Mr Kang Zheng, Chief Executive of CDM, said: "We plan to list our business on
the UK's PLUS Stock Market in the near future, and welcome the investment by the
Fund and assistance from London Asia in getting the PLUS listing, which will
increase our exposure internationally among carbon credit purchasers."



Simon Littlewood, Executive Director of LACPEF, commented: "The Fund has
invested in a number of businesses in the environmental sector that potentially
generate carbon credits and could benefit from the services CCEC provides,
adding value to our existing investments as well as this new investment.  Our
investee companies involved in renewables have performed well with China New
Energy, which joined PLUS in September, reporting strong trading yesterday"



For further information please visit www.londonasiafunds.com or contact:
John West/Matt Ridsdale              Simon Littlewood                      Hugh Field
Tavistock Communications             London Asia Capital plc               Collins Stewart Limited
Tel: 020 7920 3150                   Tel 020 7355 7928                     Tel: 020 7523 8000




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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