A Jersey delegation will be embarking on a tour of mainland China and Hong Kong this week in order to further strengthen ties with Greater China.
A team from Jersey Finance, headed by chief executive Geoff Cook, plans to meet with a number of senior financial services and legal practitioners in China. As well as visiting Shanghai, Beijing and Tianjin, the team will also be meeting with Jersey firms that have a presence in Hong Kong.
Jersey established an office in Hong Kong in 2009, which is headed by Zhaoan Li, Head of Greater China Business Development. Jersey has also signed a Tax Information Exchange Agreement with China and launched a dedicated microsite in Mandarin last year.
Cook believes Jersey is now beginning to see the benefits of the effort that has been put into building a positive relationship with China.
“During this trip, we will be highlighting in particular the substantial growth Jersey is seeing in its high value listings work. There are currently, for instance, around 90 Jersey companies listed on worldwide exchanges with a combined market capitalisation of over £103bn. In addition, of Jersey’s 30 main market listings, 20% of these are FTSE 100 companies with a combined market capitalisation of £44.7bn, whilst a quarter of the 60 Chinese companies listed on AIM are incorporated in Jersey,” commented Cook.
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