The position of Mauritius as an IFC of choice for
Chinese investments into Africa reinforced through the
participation of the FSPA at the
21stCentury 2016 Guangdong Maritime Silk Road Expo and
Conference in Dongguan, Guangdong, from
Speaking on the immediate outcomes of the mission to Guangdong,
Harvesh Seegolam, Chief Executive of the Financial Services
Promotion Agency (FSPA), stated: "The FSPA engaged with a
number of Guangdong-based enterprises that have existing
investments in Africa, and/or looking at expanding their presence
"We are positioning Mauritius as the destination of choice
for the Africa-based Regional Headquarters of the Guangdong
enterprises. Two large companies have already committed to
use Mauritius as their shared financial services centre and will in
the near future also shift a considerable amount of activities from
their Johannesburg office into Mauritius".
The Mauritius International Financial Centre (IFC) and its
various benefits as a destination for Regional Headquartering and
Treasury Management activities were equally explained by Mr.
Seegolam during a Business Forum organized on the theme
'Mauritius – Your Gateway to Africa', which attracted
some 100 delegates attending the Expo and also saw the
participation of Bank of China, Enterprise Mauritius, the Board of
Investment and the Mauritius Film Development Council. The
Minister of Industry, Commerce and Consumer Protection, Honourable
Ashit Kumar Gungah, also delivered a keynote opening address during
A number of financial services companies from Mauritius formed
part of the high level delegation visiting Guangdong during this
mission, including the Bank of China (Mauritius), the State Bank of
Mauritius, Tripro, ABC Banking Corporation, ABC Capital Markets and
ABC Global, amongst others.
Mr. Swadicq Nuthay, newly-appointed Chief Executive Officer of
ABC Capital Markets, stated that "it is important for the
Mauritius IFC to tap into new markets that offer great potential
for the diversification of our financial services platform.
Together with the FSPA, we are discussing capital raising
requirements with major Chinese corporates looking at diversifying
their activities outside of China."
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With effect from 18 April Jersey is introducing a new regime in respect of private funds - simplifying the regulatory regime, and extending the benefits of flexibility and speed across Jersey's private funds space.
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