Guernsey’s Chief Minster Lyndon Trott and Fan Yongjin, Deputy Director General of the Shanghai Municipal Financial Services office, signed the MoU on Wednesday 3 November in Shanghai. The agreement establishes a framework for exchange and cooperation between the two jurisdictions.
The accord is formally known as the Memorandum of Understanding for Exchange and Cooperation between the Shanghai Municipal Financial Services Office and Guernsey. It highlights how Guernsey can assist in the development of Shanghai as an international finance centre while Shanghai can support Guernsey firms doing business in the city.
Trott said: “This Memorandum of Understanding establishes a very important framework for exchange and cooperation between our two jurisdictions and I believe lays the foundations for business growth between Shanghai and Guernsey.
“This agreement represents the strengthening of a broader relationship which we have been building between China and Guernsey over the last three years to the benefit of both of our jurisdictions.”
