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Jersey Seeking To Strike Up More Financial Services Business In China

by Jason Gorringe, Lowtax.net, London
08 November, 2019

Representatives from Jersey are holding week-long meetings in Asia to promote the island as a well-regulated offshore international financial center.

Chief Minister John Le Fondre is leading a high-level delegation during the week November 4-8, which will visit Beijing, Shanghai, Singapore, and Hong Kong.

Le Fondre will look to expand the breadth of areas of interest between Jersey and China, which already include cooperation on financial services, wider commercial relationships, educational collaboration and artistic exchanges, the Government said.

In Hong Kong, the Chief Minister will meet with representatives from the Hong Kong Monetary Authority, the Hong Kong government, the Chamber of Commerce, and the British Consulate. He will also attend and deliver a keynote speech at the 10th anniversary celebrations of the Jersey Finance Hong Kong office.

Le Fondre said: "This latest delegation to China explores connections to the island through financial services, trade, education, and artistic links. We want to strengthen and broaden Jersey's relationship with China, become a more visible partner, and continue to be recognized as a high-value and well-regulated financial center."

"I hope we can also discuss new areas for cooperation both within financial services, as well as in other commercial, digital, educational and cultural sectors."

The Chief Minister is also to visit Singapore, where he will meet representatives from the financial services sector, as well as the British High Commissioner. He will emphasize Jersey's commitment to furthering its relationship in financial services and discuss opportunities to enhance links between the two jurisdictions, the Government said.

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