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Guernsey Finance To Open Hong Kong Office

by Jason Gorringe, Lowtax.net, London
09 December, 2015

Guernsey Finance will open a representative office in Hong Kong during the first quarter of 2016.

The office will be the promotional agency's second overseas outpost, in addition to its Shanghai office, which opened in 2008.

Guernsey Finance's China Representative, Wendy Weng, who is based in Shanghai, will use the office as a base from which to carry out further promotional activities concentrated on the wider South East Asia market and it will also be utilized by the Guernsey Financial Services Commission (GFSC) to provide regulatory advice to those in the region who might be considering Guernsey-specific ventures.

Dominic Wheatley, the Chief Executive of Guernsey Finance – the promotional agency on behalf of Guernsey's financial services industry internationally, said: "The Hong Kong office is an exciting development not only for Guernsey Finance, but also the island's financial services sector which has a growing interest in the region. We believe that establishing a larger presence in Asia reflects current industry trends and is fundamental to our future strategy, particularly as Hong Kong is such an important hub not only for China, but South East Asia overall."

Guernsey's Commerce and Employment Minister, Kevin Stewart, added: "Hong Kong is regarded as a key global financial location and this is a significant step in Guernsey's ability to attract new business from the region on the basis of its reputation as a well-regulated, compliant and cooperative international finance center."

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