Guernsey: Guernsey’s Delegation To China Yields Business Prospects
Last Updated: 23 October 2008

Guernsey’s delegation to the Far East has arrived in Shanghai after a fruitful week in Hong Kong promoting the Island’s expertise in fiduciary services.

The delegation has spent the past week in Hong Kong (5th-11th October) and will spend this week in Shanghai (12th-17th October) highlighting how Chinese institutions and high net worth individuals can benefit from using trust and corporate services provided by Guernsey.

Peter Niven, Chief Executive of Guernsey Finance, said: "The delegation is progressing very well indeed. Wherever we went and whatever we were doing in Hong Kong there was considerable interest in what Guernsey can deliver by way of fiduciary services. This is the first time we have promoted a particular strand of our finance offering in the region and the reception we received in Hong Kong bodes very well for our time here in Shanghai."

The delegation team includes, as well as Mr Niven: Guernsey finance industry practitioners comprising representatives from Louvre Group, Collas Day, Butterfield, PwC, Nerine, Sarasin, Ince&Co, Augentius and RBC; Stephen Trevor, Director of Fiduciary and Intelligence Services at the Guernsey Financial Services Commission (GFSC); and Mark Whiteley, Guernsey Registrar of Companies.

The team has been showcasing Guernsey through a specific trust and company seminar, a series of meetings with key decision makers and as lead sponsor and exhibitor at the STEP Asia conference in Hong Kong.

There has been a focus on recent enhancements to Guernsey’s offering such as the extension to the range of products and services available as a result of the introduction of a new Trust Law in March and the streamlining of the Island’s company incorporation process through the simultaneous launch in July of a new Company Law and new Guernsey Company Registry.

Mr Niven said: "Last week started with us hosting a trust and company seminar, which was very well attended by 60 lawyers, accountants and trust professionals from the area. We had good speakers, great content and it was very well received. In fact, there was lots of interest about what we can offer and I received numerous emails from attendees saying that the seminar was very useful.

"During the middle of the week we held a series of meetings and forged some very useful contacts at the Hong Kong Companies Registry, Hong Kong Monetary Authority and also the Hong Kong Intellectual Property Office. We concluded our schedule in Hong Kong by exhibiting as lead sponsor at the STEP Asia conference where we met business introducers from London and Dubai as well as local lawyers, accountants and trust professionals – again it is just the right audience we are wanting to target and there was a great deal of interest in Guernsey’s fiduciary services expertise."

The delegation has now arrived in Shanghai where, as well as a trust and company seminar, meetings are arranged with the Shanghai Venture Capital Association, the British Consulate in Shanghai and the City of London’s Shanghai office. Plans are also in place to meet the China Banking Regulatory Commission and build on relationships forged during the March delegation with the Shanghai Stock Exchange and Tu Guangshao, the Vice-Mayor of Shanghai.

In addition, the delegation will meet with Guernsey duo Alex Adam and Jim Ridgwick who are colleagues at Deloitte China’s Shanghai office, as well as visiting the Shanghai operation of Guernsey-headquartered Specsavers Optical Group.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

In association with
Press Releases from this Firm
Recent Content from this Firm
By Christopher Bogart
By Kate Clouston
By Ben Morgan
By Dominic Wheatley
By Dominic Wheatley
By Annette Alexander
By Sally French
By Iris Harvey
By Dominic Wheatley
By Dominic Wheatley
Font Size: