Jersey Finance officially opened an office in Hong Kong on October 22 to support the promotion of Jersey as an international finance centre in the Asia Pacific region.
The main role of the Hong Kong office is to act as a hub for Jersey Finance to communicate the breadth and depth of its financial services across the Asia Pacific region.
It will act as a permanent base for Jersey’s finance industry to develop its contacts with leading financial intermediaries, regulators and government officials both in Hong Kong and mainland China.
Geoff Cook, chief executive of Jersey Finance, commented:
“Hong Kong is regarded as a key global finance location and we are delighted that we now have a permanent presence to help spearhead our increasing participation in financial services in the region. Jersey Finance has visited the area since 2005 with delegations from Jersey and the opening of a formal office is a natural extension of those growing commercial links with the region.”
Rob Kirkby, Technical Director, Jersey Finance, added:
“We are also delighted to announce that, following close liaison with the Hong Kong Stock Exchange, Jersey companies have been approved in principle for future listings. This is excellent news for Jersey’s finance industry and a further significant step forward in our ability to attract new business from the region. The move by the Exchange authorities adds weight to Jersey’s reputation as a rigorously supervised, highly regarded jurisdiction and demonstrates how the market in Asia views the quality and robust nature of Jersey company law.”
Jersey’s finance industry provides comprehensive corporate listings and debt issuance services in the region. To date more than 25% of the 60 Chinese companies listed on London's Alternative Investment Market (AIM) are incorporated in Jersey, and there are 86 businesses using Jersey companies for listing purposes on worldwide stock exchanges from London to New York, representing a combined market capitalisation of over GBP16bn.
A comprehensive report in our Intelligence Report series giving a country-by-country analysis of offshore investment funds, stock exchanges and trusts, with an analysis of the US QI regime, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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