Guernsey companies have received the go-ahead for listing on the Hong Kong Stock Exchange (HKEx), giving the finance centre the competitive advantage it needs for doing business in the region.
“It was particularly important that we received this approval because some of our competitor jurisdictions have this agreement in place already. Now our service providers can offer the same benefits through the use of Guernsey companies,” says Peter Niven, who heads up Guernsey Finance.
Guernsey opened a representative office in Shanghai at the end of 2007 and last year the signed a Memorandum of Understanding with the Shanghai Financial Services Office and a Tax Information Exchange Agreement with the Chinese central government tax authorities. www.guernseyfinance.com
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