The Chinese Ambassador to the United Kingdom has commended
Guernsey's promotional work in her homeland.
During a visit to Guernsey on Friday (6 November), Her
Excellency Madam Fu Ying praised the Island for its innovative and
bold decision to establish a representative office in Shanghai.
She also offered Guernsey the use of the Chinese Embassy in
London for assistance in any future projects.
Peter Niven, Chief Executive of Guernsey Finance – the
promotional agency for the Island's finance industry, said:
"Madam Fu's visit highlights the very strong links
Guernsey has built with China and the desire from both
jurisdictions to see these grow going forward. We used this
opportunity to brief her about our initiatives such as our recent
delegation to Singapore, Hong Kong and Shanghai. In fact she was
already very well informed about our work, including the strong
relationships with Tu Guangshao, the Vice-Mayor of Shanghai and Dr
Fang Xinghai, Director General of the Shanghai Municipal Financial
Services Office, as well as the city's leading introducers of
"She emphasised that having a representative office in
Shanghai – as opposed to Hong Kong – was
strategically important for the development of relationships in the
Chinese market. In addition, Madam Fu encouraged us to continue
with our programme and said that she and the Chinese Embassy in
London would be available to assist in planning and executing new
Madam Fu arrived in Guernsey on Friday morning for a 24 hour
visit to enhance economic, trade and cultural links. She was met by
the Lieutenant-Governor, Sir Fabian Malbon, before meeting Chief
Minister, Lyndon Trott, and Commerce and Employment Minister, Carla
She then visited the offices of Kleinwort Benson to speak with
Mr Niven, Wendy Weng – Guernsey's representative in
Shanghai, and members of the Island's finance industry.
"I found it very useful. We have a saying in China
– hearing 100 times is not as good as seeing it once.
I've learnt a lot," said Madam Fu.
"China is in an important transition. Our economy has been
more and more integrated with the global economy. Chinese
companies, generally speaking, are young and not so experienced
with the global environment."
Madam Fu added that China wants to turn Shanghai into its
financial centre and that Guernsey was a good place with which to
work because of its strong finance, legal and accountancy
"I can't speak for the Chinese companies, but I'm
definitely passing on the message," she said.
Mr Niven added: "We have been seeing signs of real progress
from our work in China, including the prospect of business flows.
This visit has further strengthened our relationships and provided
added impetus for us to work even closer with our colleagues in
China and in particular Shanghai for the mutual benefit of both
jurisdictions as international finance centres."
Madam Fu was also shown a wider perspective of life in the
Island through visits to the Royal Courts, the Guernsey Museum and
Gardens and given a sight of the sea and beaches during a tour
around the coastline.
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