Delegates from Guernsey are to visit Singapore and Hong Kong in an effort to raise the profile of the Channel Island's finance industry. Guernsey delegates will pay a visit to the Hong Kong Stock Exchange (pictured) as part of a promotional tour Photo: Eye Ubiquitous / Alamy

By Sean O'Hare

5:47PM BST 18 Oct 2011

The trip comes in the same year that Guernsey companies were given permission to list on the Hong Kong Stock Exchange.

The team, led by Guernsey's minister for commerce and employment, will consist of a number of government and finance officials who will take in conferences and meetings with politicians, regulators, stock exchange officials and business leaders.

It is hoped that Hong Kong finance professionals can be convinced of the advantages of using a Guernsey company to access capital markets either in the UK and Europe or Hong Kong.

Peter Niven, the chief executive of Guernsey Finance, the promotional agency for the island, said: “It is important that we build on the relationships we have developed with the appropriate officials to ensure that our industry has access to the widest number of markets possible.

"At the same time, we also need to make sure that the progress we are making is recognised by the financial services practitioners in centres such as Singapore and Hong Kong, enabling our finance industry to supplement business streams from the traditional UK and European markets with flows from these emerging economies.”

The permission to list Guernsey companies on the Hong Kong Stock Exchange earlier this year not only brought Guernsey into line with its competitor jurisdictions, but also gave it access to capital from China.

Guernsey has had a representative office in Shanghai since 2007 and signed a Tax Information Exchange Agreement (TIEA) with the Chinese central government tax authorities last year.
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