SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q
 (Mark One)

[X]      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934

         For the Quarter Ended March 31, 2003

                                       OR

[ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

         For the transition period from _____ to _____

                        Commission file number: 000-30802
                                                ---------

                             CHINA VENTURES LIMITED
                             ----------------------
             (Exact name of registrant as specified in its charter)

          CAYMAN ISLANDS                                  N/A
 (State or other jurisdiction of            (IRS Employer Identification
  incorporation or organization)                        Number)


        1000 BRICKELL AVENUE
        SUITE 900
        MIAMI, FLORIDA                                      33131
       --------------------------------------               -----
       (Address of Principal Executive Offices)           (Zip Code)

                                 (305) 810-2898
                                 --------------
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. YES [X ] NO [ ]

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:

Ordinary Shares, $0.001 par value; outstanding on March 31, 2003:  247,500


<PAGE>


                                TABLE OF CONTENTS

                                                                           Page

PART I.  FINANCIAL INFORMATION

         Item 1. Financial Statements

                 Balance Sheets                                              3

                 Statements of Operations                                    4

                 Statement of Changes in Stockholders' Deficiency            5

                 Statements of Cash Flows                                    6

                 Notes to Financial Statements                               7

         Item 2. Management's Discussion and Analysis of
                 Financial Condition and Results of Operations               10


PART II. OTHER INFORMATION

         Item 1. Legal Proceedings                                           11

         Item 2. Changes in Securities and Use of Proceeds                   11

         Item 3. Defaults Upon Senior Securities                             11

         Item 4. Submission of Matters to a Vote of Security Holders         11

         Item 5. Other Information                                           11

         Item 6. Exhibits and Reports on Form 8-K                            11

SIGNATURES                                                                   12

                                       2
<PAGE>

                                    PART I
                             FINANCIAL INFORMATION

Item 1.  Financial Statements.


                             CHINA VENTURES LIMITED
                         (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS


                                                      (Unaudited)
                                                        March 31   December 31,
                                                          2003         2002
                                                        --------     --------
                             ASSETS

Current assets:
 Cash and cash equivalents                              $    560     $     33
                                                        --------     --------
  Total current assets                                       560           33
                                                        --------     --------

    Total assets                                        $    560     $     33
                                                        ========     ========


           LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
 Due to related party                                   $  8,000     $  8,000
                                                        --------     --------

   Total current liabilities                               8,000        8,000

Stockholders' equity (deficiency)
 Common stock - $.001 par value, 50,000,000 shares
 authorized, 252,550 issued and outstanding                  252          252
Less treasury stock                                           (5)          (5)
 Additional paid-in capital                               48,185       42,285
 Subscription receivable                                    (250)        (250)
 Deficit accumulated during the development stage        (55,622)     (50,249)
                                                        --------     --------

    Total stockholders' equity (deficiency)               (7,440)      (7,967)
                                                        --------     --------

    Total liabilities and stockholders' equity          $    560     $     33
                                                        ========     ========

                 See accompanying notes to financial statements.


                                       3
<PAGE>


                             CHINA VENTURES LIMITED
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF OPERATIONS
                                   (UNAUDITED)



                                             FOR THE THREE        FOR THE THREE
                                              MONTHS ENDED         MONTHS ENDED
                                             March 31, 2003      March 31, 2002
                                              (UNAUDITED)          (UNAUDITED)
                                              ---------             ---------


ADMINISTRATIVE EXPENSES
 Accounting and legal fees                    $   5,373               $   1,000

                                              ---------               ---------


 NET LOSS                                     $  (5,373)              $  (1,000)
                                              =========               =========

BASIC & DILUTED NET LOSS PER
SHARE                                         $   (0.00)              $   (0.00)

SHARES USED IN THE CALCULATION
OF BASIC & DILUTED NET LOSS PER
SHARE                                           249,604                 249,604




                 See accompanying notes to financial statements.


                                       4



<PAGE>
                             CHINA VENTURES LIMITED
                          (A DEVELOPMENT STAGE COMPANY)
                STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIENCY
                                   (UNAUDITED)
<TABLE>
<CAPTION>



                                                                                                            Deficit
                                               Common Stock                      Additional     Stock     Accumulated
                                          ---------------------    Treasury       Paid-In    Subscription  During the
                                           Shares       Amount       Stock        Capital     Receivable   Dev. Stage       Total
                                          ------------------------------------------------------------------------------------------

<S>                                        <C>         <C>           <C>         <C>           <C>          <C>           <C>
Inception (12/10/99 to 12/31/99
       Issuance of Common Stock
              ($.001 per share)            250,050     $    250            -             -     $   (250)            -             -

           Sale of Common Stock
                 ($6 per share)              2,500            2            -      $ 14,998            -             -      $ 15,000

                       Net Loss                  -            -            -             -            -      $(20,928)      (20,928)
                                          --------     --------     --------      --------     --------      --------      --------

               Balance 12/31/99            252,550     $    252            -      $ 14,998     $   (250)     $(20,928)     $ (5,928)


Additional Capital Contribution                  -            -            -        14,925            -             -        14,925

    Treasury stock as of 5/1/00                  -            -     $     (5)            -            -             -            (5)

                       Net Loss                  -            -            -             -            -       (16,881)      (16,881)
                                          --------     --------     --------      --------     --------      --------      --------

               Balance 12/31/00            252,550     $    252     $     (5)     $ 29,923     $   (250)     $(37,809)     $ (7,889)

Additional Capital Contribution                  -            -            -         6,410            -         6,410

                       Net loss                  -            -            -             -            -        (6,504)       (6,504)
                                          --------     --------     --------      --------     --------      --------      --------

               Balance 12/31/01            252,550     $    252           (5)     $ 36,333     $   (250)     $(44,313)     $ (7,983)

Additional Capital Contribution                  -            -            -         5,952            -             -         5,952

                       Net loss                  -            -            -             -            -        (5,936)       (5,936)
                                          --------     --------     --------      --------     --------      --------      --------

                Balance 12/31/02           252,550     $    252     $     (5)     $ 42,285     $   (250)     $(50,249)     $ (7,967)


Additional Capital Contribution                  -            -            -         5,900            -             -         5,900

                       Net loss                  -            -            -             -            -        (5,373)       (5,373)
                                          --------     --------     --------      --------     --------      --------      --------

                Balance 03/31/03           252,550     $    252     $     (5)    $  48,185     $   (250)     $(55,622)     $ (7,440)
</TABLE>

                See accompanying notes to financial statements.

                                       5


<PAGE>
                             CHINA VENTURES LIMITED
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
                                   (UNAUDITED)


                                             FOR THE THREE       FOR THE THREE
                                             MONTHS  ENDED       MONTHS  ENDED
                                             March 31, 2003      March 31, 2002
                                               (UNAUDITED)        (UNAUDITED)
                                                 -------            -------

CASH FLOWS FROM OPERATING
  ACTIVITIES:

NET LOSS                                         $ 5,373)            $ (1,000)
                                                 -------             --------

 Net cash provided (used) by operating
 activities:                                      (5,373)              (1,000)
                                                 -------             --------

CASH FLOWS FROM FINANCING
ACTIVITIES:
 Additional capital contributed                    5,900                1,000
                                                 -------             --------

  Net cash provided (used) by financing
     activities:                                   5,900                1,000
                                                 -------             --------

NET INCREASE (DECREASE) IN CASH                      527                    0

CASH, beginning of period                             33                   17
                                                 -------             --------

CASH, end of period                              $   560             $     17
                                                 =======             ========


                 See accompanying notes to financial statements.


                                       6



<PAGE>



                             CHINA VENTURES LIMITED
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION

China Ventures Limited (we) was incorporated in the Cayman Islands on December
10, 1999 for the purpose of facilitating a Chinese private company to become a
reporting public company whose securities are qualified for trading in the
United States secondary market. We have the intention of attempting to locate
and negotiate with a target business entity, initially from the People's
Republic of China (PRC), to effect a merger or some other business combination,
in exchange for the opportunity to acquire ownership interest in a publicly
registered company without incurring the cost and time required to conduct an
initial public offering. If this initial attempt fails, we do not expect to
restrict our search to any specific business, industry or geographical
location.
As of March 31, 2003, we are in the development stage and have not started
operations.

EARNINGS PER SHARE

Primary loss per share is computed by dividing net loss by the number of
weighted average common shares outstanding during the period. The Company has
no dilutive securities.

INCOME TAXES

The Company is incorporated in the Cayman Islands and is, therefore, not
subject to income taxes.

USE OF ESTIMATES

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions
that affect certain reported amounts and disclosures. Accordingly, actual
results could differ from those estimates.

RECENT ACCOUNTING PRONOUNCEMENTS

FASB No. 141, "Business Combinations"

In June 2001, the Financial Accounting Standards Board ("FASB") issued
Statement No. 141, "Business Combinations". This Statement replaces Accounting
Principles Board ("APB") Opinion No.16, "Business combinations" and SFAS 38,
"Accounting for Preacquisition Contingencies of Purchased Enterprises". All
business combinations in the scope of this statement are to be accounted for
using the purchase method. The single method approach used in this statement
reflects the conclusion that virtually all business combinations are
acquisitions and, thus, all business combinations should be accounted for in
the same way that other asset acquisitions are accounted - based on the values
exchanged. This Statement does not change many of the provisions of Opinion 16
and Statement 38 related to the application of the purchase method. The
provisions of this Statement apply to all business combinations initiated after
June 30, 2001, and all business combinations accounted for by the purchase
method for which the date of acquisition is July 1, 2001 or later. FASB 141 did
not affect the Company's financial statements.

FASB No. 142, "Goodwill and Other Intangible Assets"

In July 2001, the FASB issued SFAS No. 142, "Goodwill and Other Intangible
Assets". SFAS No. 142 addresses financial accounting and reporting for
intangible assets acquired individually or with a group of assets (but not
those acquired in a business combination) at acquisition. This Statement also
addresses financial accounting and reporting for goodwill and other intangible
assets subsequent to their acquisition. The provisions of this Statement are
required for fiscal years beginning after December 15, 2001. This Statement is
required to be applied at the beginning of an entity's fiscal year and to be
applied to all goodwill and other intangible assets recognized in its financial
statements at that date. Impairment losses for goodwill and indefinite-lived
intangible assets that arise due to initial application of this Statement are
to be reported as resulting from a change in accounting principle. SFAS No. 142
did not have a material impact on the Company's financial position or results
of operations.

                                       7
<PAGE>

                             CHINA VENTURES LIMITED
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

FASB No. 143, "Accounting for Asset Retirement Obligations"

In July 2001, the FASB issued Statement No. 143, "Accounting for Asset
Retirement obligations". This Statement addresses financial accounting and
reporting for obligations associated with the retirement of tangible long-lived
assets and the associated asset retirement costs. This Statement requires that
the fair value of a liability for an asset requirement obligation be recognized
in the period in which it is incurred if a reasonable estimate of fair value
can be made. The associated asset requirement costs are capitalized as part of
the carrying amount of the long-lived asset and subsequently allocated to
expense using a systematic and rational method. Adoption of this Statement is
required for fiscal years beginning after June 15, 2002. The adoption of
Statement No. 143 is not expected to materially affect the Company's financial
statements.

FASB No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets"

In October 2001, the FASB issued Statement No. 144, "Accounting for the
Impairment or Disposal of Long-Lived Assets and for Long-Lived Assets to be
Disposed Of". This Statement supersedes Statement No. 121 but retains many of
its fundamental provisions. The Statement also establishes a single accounting
model, based on the framework established in Statement No. 121, for long-lived
assets to be disposed of by sale. Additionally, the Statement resolves
significant implementation issues related to Statement No. 121. The provisions
of this Statement are effective for financial statements issued for fiscal
years beginning after December 15, 2001. The provisions of Statement No. 144
are not expected to materially affect the Company's financial statements.

FASB No. 145, "Rescission of FASB Statements Nos. 4, 44 and 64, Amendment of
FASB Statement No. 13, and Technical Corrections".

In April 2002, the FASB issued SFAS No. 145, "Rescission of FASB Statements
Nos. 4, 44 and 64, Amendment of FASB Statement No. 13, and Technical
Corrections". This Statement, among other things, requires that gains and
losses related to extinguishment of debt be classified as extraordinary items
only if they meet the criteria in Opinion No. 30. The provision of Statement
No. 145 related to the rescission of Statement No. 4 should be applied in
fiscal years beginning after May 15, 2002. Any gain or loss on extinguishment
of debt that was classified as an extraordinary item in prior periods
presented, that does not meet the criteria in Opinion No. 30 for classification
as an extraordinary item, should be reclassified. The provisions of Statement
No. 145 are not expected to materially affect the Company's financial
statements.

FASB No. 146, "Accounting for Costs Associated with Exit or Disposal
Activities"

In June 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated
with Exit or Disposal Activities". This Statement addresses financial
accounting and reporting for costs associated with exit or disposal activities
and replaces Emerging Issues Task Force (EITF) Issue No. 94-3, Liability
Recognition for Certain Employee Termination Benefits and Other Costs to Exit
an Activity (including Certain Costs Incurred in a Restructuring)". This
Statement is effective for exit or disposal activities that are initiated after
December 31, 2002, with early application encouraged. The effect of adopting
SFAS No. 146 is not expected to have a material impact on the Company's
financial position or results of operations.

FASB No. 148 "Accounting for Stock-Based Compensation - Transition and
Disclosure"

In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure". SFAS No. 148 does not alter the
provisions of SFAS 123, nor does it require stock-based compensation to be
measured under the fair-value method. Rather, SFAS 148 provides alternative
transition methods to companies that elect to expense stock-based compensation
using the fair-value approach under SFAS No. 123. The adoption of SFAS 148 is
not expected to affect the Company's financial position or results of
operations.

                                       8
<PAGE>

                             CHINA VENTURES LIMITED
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS

NOTE B - GOING CONCERN

As shown in the accompanying financial statements, we are in the development
stage, have yet to generate operating revenues and will require a significant
amount of capital to commence our planned principal operations. As reflected in
the accompanying financial statements, we have incurred accumulated losses
since inception of $55,622 and have raised an insignificant amount of capital.
As such, there is no assurance that we will be successful in our efforts to
raise the necessary capital to commence our planned principal operations.

We have indicated that our principal operation is to engage in a merger or
acquisition with an unidentified company or companies and may issue "penny
stock" securities as defined in the Securities and Exchange Act of 1934. We
will require a significant amount of capital to commence our planned principal
operations. Accordingly, our ability to continue as a going concern is
dependent upon our ability to secure an adequate amount of capital to finance
our planned principal operations.

Our plans include a merger and a subsequent public offering of our common
stock; however there is no assurance that we will be successful in our efforts
to raise capital or to obtain a business combination.

These conditions raise substantial doubt about our ability to continue as a
going concern. The financial statements do not include any adjustments that
might result from the outcome of these uncertainties.

NOTE C - RELATED PARTY TRANSACTIONS

A stockholder of the Company acted as legal counsel during 1999. Legal fees and
incorporation costs for the year ended December 31, 1999 in the amount of
$11,678 were payable to a law firm in which this stockholder is a partner.

During the year ended December 31, 1999, the Company borrowed $8,000, due on
demand, from an entity related through common ownership. This amount is
uncollateralized and non-interest bearing.

NOTE D - RECENT SALES OF UNREGISTERED SECURITIES

In December 1999 China Ventures issued and sold 2,500 ordinary shares to 25
individuals for aggregate consideration of $15,000. China Ventures did not sell
these ordinary shares in reliance on any exception from the United States
federal securities laws as all purchasers were residents of the Republic of
China.

On December 16, 1999, in connection with the formulation of China Ventures, Mr.
Hong Yang (who later transferred his shares to Mr. James Chow) received 123,750
ordinary shares (see below), Mr. James Chow received 121,250 ordinary shares
and Mr. Ricardo Bajandas received 5,050 ordinary shares. All paid par value as
consideration for the shares issued in connection with the formulation of China
Ventures. Mr. Yang and Mr.Chow are residents of China. Mr. Bajandas is a
resident of the United States.
Accordingly, no exemption was required for the issuance of ordinary shares to
Mr. Yang or Mr. Chow.  Mr. Bajandas purchased his ordinary shares of China
Ventures in reliance on Rule 4(2) promulgated under the Securities Act. In May
2000, in connection with the termination of Mr. Bajandas' engagement with China
Ventures, Mr. Bajandas agreed to transfer his ordinary shares to China
Ventures.
In March 2003 Mr. Hong Yang transferred all his shares (123,750)to Mr. James
Chow, who now holds 245,000 shares.

NOTE E - TRANSACTIONS WITH STATE-OWNED ENTITIES

A significant portion of our future transactions may be undertaken, directly or
indirectly, with State-owned enterprises in the PRC and on such commercial
terms as determined between the relevant PRC State-owned enterprises and us.

NOTE F - FOREIGN CURRENCY EXCHANGE

A significant portion of the business of our future PRC Subsidiaries may be
undertaken in Renmin (RMB), the national currency of the PRC, which is not
freely convertible into the US$ or other foreign currencies.

                                       9
<PAGE>

                             CHINA VENTURES LIMITED
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS

NOTE G - CURRENT VULNERABILITY DUE TO CERTAIN CONCENTRATIONS

If a merger, alliance or some other business combination is successful, our
operating assets and primary source of income and cash flow are expected to be
our interests in our subsidiaries in the PRC. The value of our interests in
these subsidiaries may be adversely affected by significant political, economic
and social uncertainties in the PRC. Although the PRC government has been
pursuing economic reform policies for many years, no assurance can be given
that the PRC government will continue to pursue such policies or that such
policies may not be significantly altered, especially in the event of a change
in leadership, social or political disruption or unforeseen circumstances
affecting the PRC's political, economic and social conditions. There is also no
guarantee that the PRC government's pursuit of economic reforms will be
consistent or effective.

NOTE H - UNAUDITED FINANCIAL STATEMENTS

The unaudited financial statements presented as of March 31, 2003 and 2002 for
the three months then ended contain all adjustments necessary, in management's
opinion, for a fair presentation of financial position and results of
operations.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS.

The Registrant has not, as of the end of the three month period ended March 31,
2003, commenced active business operations. As of March 31, 2003 the
Registrant had assets in the amount of $560, liabilities in the amount of
$8,000 and the total Shareholders' Deficit was $7,440.

The Registrant has no reasonable basis for comparison with respect to its
quarterly financial results in that the Company has not yet commenced its
business operations.

The recurring professional fees and other costs of complying with filings with
the Securities and Exchange Commission, the Internal Revenue Service and others
is being funded through contributions to capital by the Company's principal
shareholder.

                                       10

<PAGE>


                                     PART II
                                OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

There is no litigation pending or threatened by or against China Ventures.

ITEM 2.  CHANGES IN SECURITIES.

In December 1999, China Ventures issued and sold 2,500 ordinary shares to 25
individuals for aggregate consideration of $15,000. China Ventures did not sell
these ordinary shares in reliance on any exemption from the United States
federal securities laws as all purchasers were residents of the Republic of
China.

On December 16, 1999, in connection with the formation of China Ventures, Mr.
Hong Yang (who later transferred all to Mr. James Chow)received 123,750
ordinary shares, Mr. James Chow received 121,250 ordinary shares and Mr.
Ricardo Bajandas received 5,050 ordinary shares. Each of Mr. Yang, Mr. Chow and
Mr. Bajandas paid par value as consideration for the shares issued in
connection with the formation of China Ventures. Mr. Yang and Mr. Chow are
residents of China. Mr. Bajandas is a resident of the United States.
Accordingly, no exemption was required for the issuance of ordinary shares to
to Mr. Yang or Mr. Chow. Mr. Bajandas purchased his ordinary shares of China
Ventures in reliance on Rule 4(2) promulgated under the Securities Act.
In May 2000, in connection with the termination of Mr. Bajandas' engagement
with China Ventures, Mr. Bajandas agreed to transfer his ordinary shares to
China Ventures.
In March 2003 Mr. Hong Yang transferred all his shares (123,750)to Mr. James
Chow, who now holds 245,000 shares.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

Not Applicable.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Not Applicable.

ITEM 5.  OTHER INFORMATION.

Not Applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

None

                                       11



<PAGE>



                                   SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned, hereunto duly authorized.

                                      CHINA VENTURES LIMITED

Date: May 5, 2003                  By: /s/ James N.L. Chow
                                      -----------------------------------------
                                      James N.L. Chow
                                      President,Secretary &
                                      Principal Financial and Accounting Officer



                                       12
<PAGE>
                                 CERTIFICATIONS


I, James N. L. Chow, certify that:

1.       I have reviewed this quarterly report on Form 10-Q of China Ventures
         Limited (registrant);

2.       Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

4.       As sole officer of the registrant, I am responsible for establishing
         and maintaining disclosure controls and procedures (as defined in
         Exchange Act Rules 13a-14 and 15d-14) for the registrant and I have:

         a)       designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made known to us
                  by others within those entities, particularly during the
                  period in which this quarterly report is being prepared;

         b)       evaluated the effectiveness of the registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this quarterly report (the "Evaluation
                  Date"); and

         c)       presented in this quarterly report our conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on our evaluation as of the Evaluation Date;

5.       As sole officer of the registrant, I have disclosed, based on our most
         recent evaluation, to the registrant's auditors and the audit committee
         of registrant's board of directors (or persons performing the
         equivalent function):

         a)       all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls; and

         b)       any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls; and

6.       As sole officer of the registrant,I have indicated in this quarterly
         report whether or not there were significant changes in internal
         controls or in other factors that could significantly affect
         internalcontrols subsequent to the date of our most recent
         evaluation,including any corrective actions with regard to significant
         deficienciesand material weaknesses.

May 5, 2003

/s/ James N. L. Chow
-------------------------
James N. L. Chow
President, Secretary and Principal Financial and Accounting Officer

                                       13
<PAGE>

                                 CERTIFICATIONS

                           CERTIFICATION PURSUANT TO
                            10 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

        In connection with the Quarterly Report of China Ventures Limited
("the Company") on Form 10-Q for the period ended March 31, 2003 as
filed with the Securities and Exchange Commission on the date hereof
(the "Report), I. James N. L. Chow Principal Financial and Accounting
Officer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as
adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:

         (1)      The Report fully complies with the requirements of section
                  13(a) or 15(d) of the Securities Act of 1934; and

         (2)      The information contained in the Report fairly presents, in
                  all Material respects, the financial condition and result of
                  operation of the Company.


/s/ James N. L. Chow
-----------------------
James N. L. Chow
President, Secretary and
Principal Financial and Accounting Officer

May 5, 2003



                                       14