To coordinate with one another for
events and roadshows in Hong Kong and Mauritius;
To explore and promote opportunities
for doing business in Hong Kong and Mauritius;
To render support to, if and when
possible, inward delegations as recommended by one Party to the
other Party in its territory;
To facilitate the exchange of
information in relevant subject matters;
To enable knowledge transfer and
skills sharing if and when appropriate; and,
To disseminate, as and when possible,
information about the other Party's jurisdiction and
The Chief Executive of the FSPA, Harvesh Seegolam, is leading a
strong financial services private sector delegation to Hong Kong
and China this week. The delegation participated at the 10th Asian
Financial Forum which took place on the 16th and 17th January,
whereby the Mauritius IFC has been showcased as an ideal financial
platform for investing and doing business in Africa.
A major outcome of this FSPA led mission is the signature of a
Memorandum of Understanding (MOU) between the FSPA and the Hong
Kong Trade Development Council (HKTDC), a statutory body of Hong
Kong, in view of establishing a mechanism for mutual assistance and
collaboration in promotional matters between Hong Kong and
Mauritius as regional financial centres for China and Africa
The MOU was signed by the Chief Executive of the FSPA, Harvesh
Seegolam and the Director of the International & Mainland
Relations of the HKTDC, Iris Wong, in the presence of various key
stakeholders of the financial services industry of Mauritius and
According to Harvesh Seegolam, "China and
Hong Kong feature among the two most sustained prominent investors
for Africa. In line with our diversification strategy for our IFC,
especially following the introduction of the new products for
Global Headquartering, Treasury Management, Investment Banking,
Legal Services and Family Offices, we are already seeing concrete
interests and projects coming in. The MOU with HKTDC will help us
further position the Mauritius IFC among Hong Kong and Chinese
The FSPA also organised a select business forum on Tuesday 17th
January at the Grand Hyatt in Hong Kong on the theme 'Mauritius
– The International Financial Centre of Africa'. The
forum was attended by 85 highly targeted Hong Kong based C-level
executives with a business interest in the Mauritius IFC as a
platform for tapping into regional investment and business
opportunities. Speaking about the event, the private sector
operators accompanying the FSPA on this mission stated:
Mr Kee Chong Li Kwong Wing, Chairman, SBM
Group: "As China has extended the One Belt One Road,
along the maritime route south of the Indian Ocean to include
Mauritius, we have witnessed increasing interest from Hong Kong
based Chinese companies to use Mauritius for their business and
investment in Africa. The FSPA Business Forum has provided a great
opportunity for the SBM Group to offer its RMB and African
currencies services to Asian investors, especially as SBM expands
its network in the African continent."
Ms Nathalie Daynes, DTOS: "Très
innovante approche de la FSPA pour présenter l'ile
Maurice comme un centre financier. Le fait aussi d'avoir un
public bien ciblé sur l'axe Asie-Maurice-Afrique. A
refaire plus souvent."
Mr Brian Ah Chuen, Executive Director, ABC
Bank: "The turnout at the FSPA event was really good
and there seems to be a lot of interests in Mauritius. Through this
FSPA led business forum, we were able to show all the advantages
Mauritius can bring to Hong Kong and Asian investors."
Mr Swadick Nuthay, CEO, ABC Capital: "The
FSPA Business Forum has been undoubtedly a very successful event.
The platform was a fantastic opportunity to promote Mauritius as an
IFC. Such focused business forums should be encouraged to continue
to promote the Mauritian jurisdiction going forward."
Mr Paul Lo, Partner, PC Woo Law Firm in Hong
Kong: "This is an eye-opening forum for me. I learnt
a lot from the speakers and I am sure my clients will be interested
in the Mauritius IFC."
The FSPA led Mauritian delegation will proceed to Shanghai after
Hong Kong where a similar business forum is scheduled for Friday
20th January 2017.
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Over the last 40 years, the Cayman Islands has matured into one of the world's most sophisticated and successful international financial centres, providing a competitive, effective, transparent, cost-efficient and tax-neutral platform for international capital flows underpinned by an environment of legal, political and economic stability.
In the context of the Private Member's Motion, Cayman Finance strongly urges the movers of the motion and the other members of the House to remain focused on the need to protect the Cayman Islands Financial Services Industry, which is directly responsible for more than half of the Islands' economy, more than half of the government's revenue and employs more Caymanians than any other industry.
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