Tu Guangshao, the Vice-Mayor of
Shanghai, will visit Guernsey this month to see at first hand the
infrastructure and expertise that makes the Island a leading
international finance centre.
The Vice-Mayor has met with Guernsey
representatives three times already this year during their visits
to Shanghai. It was on the last occasion – during the
Island's delegation to the city in October – that he
accepted an invitation from Chief Minister Lyndon Trott to extend a
trip to the UK by visiting Guernsey.
"I am delighted that Vice-Mayor
Tu is able to visit Guernsey as part of his trip to the City of
London," said Deputy Trott.
"There are significant business
opportunities for Guernsey in China as a whole and Shanghai in
particular. There is no better way of promoting business
relationships of this kind than through personal contact and I look
forward to welcoming the Vice-Mayor."
The Vice-Mayor will be joined by
Zhang Yujun, President of the Shanghai Stock Exchange, as well as
local government officials. Their itinerary includes a presentation
about the Channel Islands Stock Exchange (CISX) as well as meeting
with leading politicians and government officials; Peter Neville,
Director General of the Guernsey Financial Services Commission
(GFSC); and senior industry practitioners such as Steve Le Page,
Chairman of the Guernsey International Business Association (GIBA).
Peter Niven, Chief Executive of Guernsey Finance, said: "We
are fortunate that such a high-level delegation from Shanghai is
visiting Guernsey to find out more about the infrastructure and
expertise behind our successful finance industry and further
explore the many opportunities for the two centres to work together
for mutual benefit.
"Indeed, the industry
practitioners on our last delegation have already found that there
is demand in China from individuals and institutions for financial
products and services provided by Guernsey and as a result they
have come away with pieces of business in the pipeline. I am very
much looking forward to cementing our strong relationship with the
Vice-Mayor and the other members of the delegation, something which
is considered a very important pre-cursor to doing business in
The Vice-Mayor will also meet former
Chief Minister Mike Torode after the pair met during the March
delegation to Shanghai when a Guernsey office staffed by permanent
representative Wendy Weng was officially opened. In addition, Mr
Niven met the Vice-Mayor when he visited Shanghai and Beijing in
June as part of the Lord Mayor of the City of London's
delegation to the region. Deputy Trott then issued the Vice-Mayor
with an invitation to visit Guernsey when they met during the
October delegation to Shanghai.
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