A new Group of Hong-Kong-based finance and legal experts aimed at enhancing Jersey’s reputation in the Far East was launched during a Jersey Finance visit to Hong Kong this week.

Jonathan White, Chairman of Jersey Finance, hosted the launch of the ‘China Jersey Advisory Group’ on 15th October at the China Club. The Group consists of a number of senior individuals all based in the region, including regional banking heads, wealth management advisers, senior partners at major law firms and corporate listings experts. Following the success of the inaugural meeting it is envisaged that they will meet regularly to discuss and provide expert on-the-ground advice on Jersey’s representative efforts, business development activities and networking opportunities in Hong Kong and China.
Also during this week’s five day visit to Hong Kong, on behalf of Jersey Finance, Jonathan hosted a meeting for Jersey Finance member firms with a presence in Hong Kong to provide an update on Jersey Finance’s business development plans for Greater China and to hear the views of these senior legal and financial services professionals on Jersey Finance’s activities in the region.

In addition, Jersey Finance was also an exhibitor at the major three-day STEP Asia Conference, entitled ‘Wealth Management in Asia: The Future is Now’, held at the Grand Hyatt in Hong Kong. Jersey Finance also sponsored the conference’s Farewell Dinner and Reception on 17th October, at which Jonathan gave a short promotional speech to an impressive audience of senior international finance professionals on the strengths and benefits of Jersey’s wealth management sector.

Commenting on the trip, Jonathan White said:

“The launch of the China Jersey Advisory Group is a really important development for Jersey in the Far East, and it was a real pleasure to welcome a group of such highly regarded individuals to our inaugural meeting. That there is clearly so much interest in Jersey amongst senior professionals in Hong Kong is hugely encouraging. Their combined insights and knowledge will undoubtedly prove invaluable in the years ahead.

“With around £6bn of deposits emanating from the Far East currently being held in Jersey banks and a growing amount of corporate and funds business coming to Jersey from the region, there is no doubt that maintaining visibility through initiatives like this trip are vital in keeping Jersey firmly on the map.”