It was announced on Thursday that a delegation from Guernsey will be visiting Hong Kong and Shanghai in October to promote the Island’s expertise in fiduciary services.
The delegation will spend a week in each city, promoting the trust and corporate services provided by Guernsey to Chinese institutions and high net worth individuals.
According to Guernsey Finance, the promotional body for the Island, there will be a focus on recent enhancements to Guernsey’s offerings, such as the extension to the range of products and services available as a result of the introduction of a new trust law in March.
The streamlining of the Island’s company incorporation process through the simultaneous launch in July of a new company law and the new Guernsey company registry will also be highlighted.
The delegation team will be showcasing Guernsey as lead sponsor and exhibitor at the STEP Asia conference in Hong Kong, through a specific educational seminar in both locations, and a series of meetings with key decision makers in the two centres.
Discussions with Chinese government and regulatory officials are also planned, and will be led by Guernsey’s most senior politician, Chief Minister Lyndon Trott.
Chief Executive of Guernsey Finance, Peter Niven, who will be accompanying the Chief Minister, observed that:
“Our substantial amount of activity in the region over the past year means that we have been able to build our profile, acquire contacts and indentify fiduciary services as a particular area where we can win business by stepping up our efforts to highlight the strength of our offering.”
“Through this delegation in October we will not only be reinforcing our relationships with government and regulatory officials but showing key fiduciary decision makers in the region how Guernsey can deliver significant benefits to Chinese institutions and high net worth individuals.”
The October trip follows a visit by a delegation to Shanghai in March, when a Guernsey office staffed by permanent representative Wendy Weng was officially opened there.
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