Practitioners from Guernsey’s fiduciary sector are reporting that business opportunities for them in the Asian market are better than ever following an official visit to the region.
A team of officials and industry leaders from Guernsey’s finance industry have recently returned from a three-centre visit to Singapore, Hong Kong and Shanghai.
Lauding the success of the trip, Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the island’s finance industry, announced that: “Not only have we made progress establishing the Guernsey brand in Singapore and Hong Kong but in Shanghai particularly we really made significant strides at reinforcing our growing presence in the market.”
Guernsey’s Chief Minister, Lyndon Trott, was a keynote speaker at the opening of the 6th China International Finance Forum, speaking on tax transparency.
Trott highlighted to delegates efforts made by Guernsey to affirm its position as a leading international finance centre that meets the highest standards of transparency and regulation.
The Guernsey team concluded its visit with a half-day conference with influential individuals from the Shanghai financial services industry, at which opportunities in offshore investment funds and wealth management solutions for the region were examined.
Speakers included Jonathan Hooley, Chairman of the Channel Islands Stock Exchange and External Affairs Adviser to the States of Guernsey; and Mark Whiteley, Guernsey Registrar of Companies.
“The firms from Guernsey’s finance industry that came with us on the delegation are all saying that it is has provided them with the ideal opportunity to either make new contacts or develop existing relationships. Indeed, such has been our success that not only have they found the meetings extremely useful but they believe there is the prospect of some early business flows,” Niven concluded.
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