The office will be it’s second overseas outpost, following the 2008 opening of an office in Shanghai.
Guernsey Finance China representative, Wendy Weng, who is based in Shanghai, will use the office as a base from which to carry out further promotional activities concentrated on the wider South East Asia market.
The base will also be used by the Guernsey Financial Services Commission (GFSC) to provide regulatory advice to those in the region who might be considering Guernsey-specific ventures.
The office is centrally located at Three Pacific Place in Admiralty.
Dominic Wheatley, Guernsey Finance chief executive, said: “The Hong Kong office is an exciting development not only for Guernsey Finance, but also the Island’s financial services sector which has a growing interest in the region.
“We believe that establishing a larger presence in Asia reflects current industry trends and is fundamental to our future strategy, particularly as Hong Kong is such an important hub not only for China, but South East Asia overall.”
A formal launch event and a Guernsey-hosted masterclass scheduled to take place in Hong Kong during the first week of March, after the office is opened.
“Full details of the events will be announced in due course, but it is important for those in the South Asia market to be aware that the office will be ‘open for business’ before then, most likely by the end of January,” said Wheatley.
Guernsey commerce and employment minister, deputy Kevin Stewart, said Hong Kong is regarded as a key global financial location and “this is a significant step in Guernsey’s ability to attract new business from the region on the basis of its reputation as a well-regulated, compliant and cooperative international finance centre”.
Earlier this year, Guernsey Finance established a presence in the Middle East by appointing a representative in Dubai.
