Guernsey: Guernsey Delegation Welcomed Into China
Last Updated: 5 March 2008

A delegation of senior government officials and business leaders from Guernsey has arrived in China at the start of a week-long visit to promote the Island’s depth of professionalism and expertise in financial services.

The delegation to Shanghai is being led by Guernsey’s most senior politician, Chief Minister Mike Torode. As well as a dozen leading members from across the Island’s finance industry, the party also comprises: Mike Browan, Chief Executive of the States of Guernsey – the Island’s top civil servant; two representatives of the Guernsey Financial Services Commission (GFSC) – Peter Moffatt, Director of Investment Business and Michael Graham, Deputy Director of Insurance; and members of GuernseyFinance – the promotional agency for the Island’s finance industry – including Peter Niven, Chief Executive.

The team is meeting with local officials and business leaders throughout the week and today spoke with representatives from the British Consulate, the China-Britain Business Council (CBBC), the Bank of China and the Shanghai Stock Exchange.

"The Chinese are renowned for making guests feel very welcome and I can certainly say that the start of this visit has been no exception," said Mr Niven.

"Not only have we received a very warm welcome but the meetings have also been particularly productive. Making contact face to face is invaluable and as such we are learning more about the myriad of potential opportunities that will be open to us, while at the same time explaining what we can offer Chinese institutions and individuals in terms of providing expert financial services."

The delegation follows on from Guernsey establishing a permanent presence in China. Last December Chinese national Wendy Weng was appointed to head up an office based in Shanghai. The office will be officially opened tomorrow (Tuesday 4 March) and will mark the launch of the Guernsey brand in China.

During the rest of the week the delegation will also meet with the Vice Mayor of Shanghai, the Shanghai Financial Services Commission and specific financial services firms already based in the city.

Guernsey has already launched a Chinese version of its website to help communicate its messages within China.

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