The Minister said: "We are seeking to diversify the basis
of our finance industry by attracting more business from the
'emerging' markets, including Hong Kong and this visit was
an extremely important step in raising awareness of what Guernsey
can offer, particularly in terms of company listings.
"A number of parties worked extremely hard to ensure that
Guernsey received approval for locally incorporated companies to be
able to list on the Hong Kong Stock Exchange and so it was very
pleasing to be given the green light in May. Now we have to
increase awareness of what Guernsey can offer the Hong Kong
business community in terms of both the capacity for our companies
to be listed on the Hong Kong Stock Exchange but also the fact that
Guernsey can be used to access a range of European capital markets.
Staging our own event in Hong Kong was a fantastic way to push this
message out to the right audience and I was delighted with both the
number of attendees and the feedback we received from
"Overall the visit was an extremely positive experience
which further raised awareness in Hong Kong that Guernsey is a
leading international finance centre which is well regulated,
transparent and works to global standards in providing a wide range
of financial products and services."
The event, titled Guernsey listings on HKEx, was held on Monday
7th November and attracted nearly 70 delegates to hear
from the Commerce and Employment Minister, Fiona Le Poidevin,
Deputy Chief Executive of Guernsey Finance – the
promotional agency for the Island's finance industry, and Paul
Christopher, a Partner at Mourant Ozannes who has just moved from
Guernsey to open the firm's new Hong Kong office.
The delegation in Hong Kong also included Peter Niven, Chief
Executive of Guernsey Finance, Jarrod Cowley-Grimmond, Director of
Finance Sector Development and Alan Bougourd, Registrar of
Companies at the Guernsey Registry. Part of the visit also
included meeting with Ada Chung Lai-ling, Registrar of Companies at
the Hong Kong Companies Registry and Intellectual Property
The team attending the AVCJ Forum between Tuesday 8th
November and Thursday 10th November were joined by
industry representatives from Guernsey-based firms who have offices
in the region, including Ray Page of International
Administration Group (IAG); Andy Chen from Trident Trust and Collas
Crill's Sean Cheong. Law firm Ogier were also exhibiting at the event.
Miss Le Poidevin added: "This is the second year in a row
that we have exhibited at the AVCJ Forum in Hong Kong. It is a very
good opportunity to advertise Guernsey's credentials as a
leading European private equity domicile among some 1,000
delegates, many of whom are Asian private equity managers or their
advisers. What we found was that there was a broad spectrum of
awareness about Guernsey, ranging from those who know very little
of the Island right through to those who already use us for the
structuring and administration of their funds.
"Certainly there seems to be a growing awareness of what we
can offer and this is no doubt helped by the fact that local firms,
such as Mourant Ozannes, are establishing offices in the centre.
This also indicates that they believe there is business which can
be attracted to the Island and indeed, I believe that there are
already a couple of Hong Kong listings in the pipeline. These are
very positive developments and now we will be looking to build on
this momentum through the end of this year and during
The visit to Hong Kong came after a week of activity in
Singapore, including attendance at the STEP Asia
conference. The time in Hong Kong was followed by a visit to
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