A team of seven delegates from the Tianjin municipality in China have been in Jersey this week discovering how Jersey operates as a major international finance centre in terms of policy, regulation, tax, foreign exchange, trade and finance.

Led by Mr. Wu, Dong, Deputy Director of Dongjian Free Trade Port Zone of Tianjin, the group met with representatives from the States of Jersey, the Jersey Financial Services Commission and the Finance Industry during their two day visit to the Island.

Located in north-east China, Tianjin is the fifth largest city in the People’s Republic of China in terms of urban land area, behind only Beijing, Shanghai, Guangzhou and Shenzhen.

Zhaoan Li, Jersey Finance’s Head of Greater China Business Development, arranged the visit. She commented:

“Jersey has made great strides in successfully building its reputation in China over the past few years and this latest visit by key business representatives from Tianjin further reinforces this. Tianjin is one of the fastest growing finance centres in China, and in recent years the private equity fund sector has been developing very fast. The delegates have been keen to learn how they can work with Jersey to foster a strong business relationship especially in the ship and aircraft leasing and financing area which has seen a phenomenal development since 2009The delegates were impressed with what Jersey has to offer as a diverse and sophisticated finance centre.”

In order to continue to strengthen relationships between Jersey and China this year, the States of Jersey Treasury Minister, Senator Philip Ozouf, and the Director General of the Jersey Financial Services Commission, John Harris, accompanied by Jersey Finance’s Head of Greater China Business Development, Zhaoan Li, plan to visit  Shanghai at the end of June to participate in the Lujiazui Forum. Involving government officials, business leaders, financial institution principals and academics, the Forum aims to develop governmental and regulatory relationships in a post-economic crisis world. Jersey Finance also has a visit to Beijing and Shanghai planned for early November.

Ends.

Notes to editors:
Tianjin is one of the four municipalities in China and is thus under direct
administration of the central government, Tianjin Free Trade Port Zone is the largest free trade zone in northern China as well as the only free trade zone in northern China and north-western China approved by China’s State Council.

For further information, please contact Adam Riddell at Crystal PR, on tel. +44 (0) 1534 639505 or e-mail adam@crystalpr.co.uk