His Excellency Liu Xiaoming, who was in Jersey from 11 to 14 August, visited Jersey Finance’s offices to hold a roundtable discussion with senior finance industry representatives on Tuesday 12 August.
During the visit, His Excellency also met with a number of politicians and local business representatives and visited some of the Island's top tourist attractions.
Geoff Cook, CEO, Jersey Finance, said:
“Holding this high-level dialogue during His Excellency’s visit to Jersey gave us a hugely valuable opportunity to further develop our business links with China and explore new areas of financial cooperation. As well as providing a forum to emphasise Jersey’s ability to meet international standards and the quality of its legal and regulatory framework, our discussions also enabled us to highlight Jersey’s appeal as a jurisdiction to support the plans of Chinese banks seeking to expand into overseas markets, an area where we are seeing real growth at the moment.”
Jersey Finance recently appointed Yumei Zhang as Business Development Director in Hong Kong and established a ‘Launchpad’ presence in Shanghai. This followed the signing in April of a Memorandum of Understanding (MoU) between the Jersey Financial Services Commission and the China Securities Regulatory Commission, which paves the way for allowing Jersey domiciled funds to participate in the Qualified Foreign Institutional Investor and Qualified Domestic Institutional Investor programmes.