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Chinese AIM-Listed Firms Choosing Jersey

by Jason Gorringe, Lowtax.net, London
05 February, 2015

The number of Jersey-incorporated companies listed on stock exchanges globally increased by 13 percent during 2014 to 110, and these companies' total market capitalization rose 62 percent to GBP269bn (USD408.68bn), according to new statistics from Jersey Finance.

Of these 110 listed companies, 57 are quoted on the London Stock Exchange's (LSE's) Alternative Investment Market (AIM), with Jersey being home to the largest number of AIM-listed companies outside the UK. Just under one-fifth of Chinese companies listed on AIM are now incorporated in Jersey.

38 companies are listed on the LSE Main Market and one on the Specialist Fund Market. Jersey is also home to seven FTSE 100 companies and an additional eight FTSE 250 companies.

The 96 Jersey companies quoted in London are valued at almost GBP146bn, while the Jersey companies listed on the Hong Kong Stock Exchange currently have a combined market capitalization of GBP40.6bn, and those listed on the Toronto Stock Exchange have a total market capitalization of GBP65bn.

Geoff Cook, Chief Executive of Jersey Finance, said: "The capital markets and listings sector is rapidly cementing itself as a key pillar of our finance industry, and we are taking every opportunity to reinforce Jersey's appeal for listings and other such transactions. The inaugural Jersey Finance Asia Roadshows in November last year were a case in point, providing us with a real opportunity to present our capital markets offering to key markets in Hong Kong, Kuala Lumpur, and Singapore."

"The emphasis is very much on high-value listings, and this is reflected in Jersey having the largest number of FTSE 100 companies registered outside the UK, more companies listed on AIM than any other jurisdiction, and a combined market capitalization on exchanges around the world that has risen dramatically over the past twelve months to nearly GBP270bn. Jersey is really asserting itself as a key European center for high quality listings business and offers established and popular means for companies looking to access capital in major markets, particularly the UK."

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