Tu Guangshao, the Vice-Mayor of Shanghai, has spoken during a visit to Guernsey of how his city would like to use the Island as a role model for the development of its own financial services sector.
He said that financial services currently accounted for just 10% of Shanghai’s gross domestic product but it would be seeking to expand this sector in the future.
“We have much to learn from Guernsey…Guernsey will be a very good partner for us,” said the Vice-Mayor, who added that there would be benefits for Guernsey as well.
Guangshao added: “Guernsey would also like to find more opportunities elsewhere in the world and in that sense Guernsey and Shanghai have a lot of complementary areas.”
The Vice-Mayor was in Guernsey yesterday after accepting an invitation from Chief Minister Lyndon Trott to extend a planned trip to the UK by visiting the island.
The Chief Minister, clearly pleased with the outcome of the meeting, said: “It was a pleasure to engage with him and his delegation and I am certain that this is the latest stage of a long and fruitful relationship between us and Shanghai.”
Chief Executive of Guernsey Finance Peter Niven said: “The Vice-Mayor's comments are a major endorsement of the Island as a leading international finance centre. All in all, the visit was a great opportunity to cement our strengthening relationships between Guernsey and Shanghai – the major financial services centre in China.”
Also included within the visit was a meeting between Zhang Yujun, President of the Shanghai Stock Exchange and other delegates and officials from the Channel Islands Stock Exchange (CISX) - Chinese officials were shown how the CISX has developed.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment