The presentation was led by Fiona Le Poidevin, Chief Executive
of Guernsey Finance and Mark Huntley, Managing Director of Heritage Fund
Services. Also attending the event were Mark Bright, Managing
Director of Kleinwort Benson's Offshore Business; Paul
Christopher, Partner in the Hong Kong office of Mourant Ozannes; and Steve Bougourd and Marco
Ferreira of Louvre Group.
Mr Huntley said: "I have been working in the Chinese
investment market for more than 25 years and what we are seeing is
that while the asset management industry is still relatively
immature, it is rapidly developing and there is a real willingness
to learn from more established international fund centres, such as
"There was genuine interest in Guernsey fund structures and
how they might be used for both inbound and outbound investment
projects, particularly in relation to more alternative asset
classes such as real estate and private equity and where a capital
market listing might be required.
"There is increasing diversification within the Chinese
asset management industry and we believe that Guernsey can play a
pivotal role in the distribution of funds to and from
Mr Huntley told the audience about Guernsey investment fund
structures, fund servicing in the Island and its regulatory regime,
including Guernsey's dual regime response to the Alternative
Investment Fund Managers Directive (AIFMD). Mr Huntley and Mr
Bright provided case study examples from their own businesses of
Guernsey funds which invest into and out of China.
Miss Le Poidevin provided an introduction to Guernsey, its
financial services industry, its investment fund sector and the key
milestones in the developing relationship between Guernsey and
She said: "Guernsey has been forging a closer relationship
with AMAC over recent months and I am delighted that we have been
able to hold this event as partners. It has been extremely useful
to showcase Guernsey's fund credentials to this audience
alongside senior members of Guernsey's funds sector and to
discuss how we can play a part in the distribution of funds to and
from China for mutual benefit. I look forward to seeing
Guernsey's finance industry work even more closely with AMAC
and their members in the future."
The event was introduced by Kevin Stewart, Guernsey's
Commerce and Employment Minister, and chaired by ZHANG Qi, Director
of the International Department of AMAC.
Earlier in the week, Guernsey Finance supported, alongside the
City of London, the China Britain Business
Council (CBBC) and UK Trade and Industry (UKTI), a UK-China SME
forum in Shanghai. Mr Huntley spoke on a panel session about how
financial institutions can assist Chinese SMEs in their growth and
Guernsey Finance representatives and members of the Island's
finance industry have been on a two-week delegation to Hong Kong,
Shanghai and Beijing. This included sponsoring the STEP Asia
conference in Hong Kong, hosting a private wealth event in Shanghai
and signing a statement of cooperation between the Guernsey
Government and the Beijing Municipal Bureau of Financial Work.
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