Jersey was represented at a major business event in London this month that was attended by around 500 Chinese and British politicians, officials and business leaders and focused on building business links between China and Britain.
Geoff Cook, chief executive of Jersey Finance, was invited to attend a banquet hosted by the China-Britain Business Council (CBBC) at the Royal Courts of Justice on 11th January in honour of Chinese Vice Premier Li Keqiang, who was visiting the UK. The Chinese delegation also included eight ministers and a further 50 officials and 100 business leaders.
The Chinese delegation’s four-day visit focused on trade flows between the UK and China and in particular explored partnership opportunities for developing ‘clean tech’ and how China could invest through the UK into large scale low carbon projects.
Speaking at the event, Vice-Premier Li said that the UK’s range of expertise, particularly where low carbon, finance and new technology are concerned, fitted well with China’s plans to develop a green economy. Speeches were also made at the banquet by Chinese Vice Minister Gao Hucheng, as well as UK Foreign Secretary William Hague, Business Secretary Vince Cable and CBBC Chairman Sir David Brewer.
Geoff Cook said:
“It is really important that Jersey is represented at events where the audience consists of such influential UK and international politicians and business leaders. Not only did this banquet give us the chance to reinforce our relationships with China, an absolutely key market for Jersey, it also enabled us to explore some exciting new opportunities for our finance industry.
“The area of green technology is a really interesting one for Jersey. Our company structures and special purpose vehicles are highly flexible and appropriate for these sorts of large scale investments and could easily be employed to facilitate Chinese investment into clean technologies. There is a real opportunity here for Jersey to support a major Chinese-British partnership in a cutting edge area and take a lead role in investments into environmentally friendly initiatives.”
Jersey signed a Tax Information Exchange Agreement with China in November 2010, whilst Chinese Vice-Minister Mme Fu Ying of the Ministry of Foreign Affairs, who visited Jersey in 2009 when she was Chinese Ambassador, was part of this most recent delegation to the UK.
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