Zhaoan Li, Jersey Finance’s head of greater China business development, said the proportion of bank deposits held in Jersey coming from the Far East has nearly doubled over the past year, to now account for 6% of the total vale held in Jersey, while more than 25% of the Chinese companies listed on the Alternative Investment Market in London are incorporated in Jersey.
“Although Jersey Finance only opened its representative office in Hong Kong in October last year, we are already seeing evidence of just how important establishing and maintaining a presence in the region is,” said Li.
“This is real progress and real business growth for Jersey and is the result of the commitment that Jersey has made to building meaningful relationships with China and Hong Kong.”
Representatives from Jersey, led by Jersey Finance chairman Jonathan White, are currently visiting China, giving presentations in Beijing, Shanghai and Hong Kong which aim to continue to build relationships with intermediaries within the financial services sector in the region.
In particular, there is a presentation planned for today (Thursday 4 November) which will focus specifically on using Jersey as a vehicle for IPO listings in Hong Kong and Europe and the Island as a centre for private equity funds.
