Guernsey's Commerce and Employment Minister, Deputy Kevin Stewart, has welcomed the opening of a Guernsey Finance office in Hong Kong as an exciting new chapter in the relationship between Hong Kong and Guernsey which will create opportunities for Guernsey.

Deputy Stewart was in Hong Kong in his capacity as Commerce and Employment Minister, supporting Guernsey Finance with the launch of the office on 1 and 2 March, as well as supporting the finance sector in a series of meetings and promotional events arranged by Guernsey Finance.

The Hong Kong office is an exciting development not only for Guernsey Finance, but also the Island's finance sector which has a growing interest in the region.

The larger presence in Asia reflects current industry trends and is fundamental to the finance sector's future strategy, particularly as Hong Kong is such an important hub not only for China, but South East Asia overall.

"Guernsey and Hong Kong have much in common. We are both successful knowledge-based economies, with long-established, successful and well-regulated finance sectors. By establishing a closer working relationship in this way, we can help create further growth in our finance sector and in our economy. I am delighted to provide support to the Guernsey Finance team that is over here to drive forward their work in Asia. I am sure that they will make the office a great success, and add real value to our economy," said Deputy Stewart.

During the visit, Deputy Stewart's three-day itinerary included meetings with the Hon Consul for Hong Kong, Invest Hong Kong, the Hong Kong Trade Development Council, private businesses, business bodies and the Hong Kong business media. He was also at a number of business promotion events, supporting the work of Guernsey Finance, and at an event with the British Ambassador to China.

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