Guernsey marks Hong Kong office opening

Guernsey Finance is opening a representative office in Hong Kong next month, and plans to mark the occasion with a series of events.

Included among them will be a panel discussion on 2 March at the China Club in Central, moderated by Michael Chugani, a local current affairs commentator, and open to Hong Kong-based members of the international/cross border financial services community. The subject will be “the current economic climate and the services offered by Guernsey’s international finance centre”, according to a Guernsey Finance statement. Lord Howard Flight, a Guernsey Financial Services Commission (GFSC) commissioner, will speak at the event, Guernsey Finance said.

The event on 2 March will be preceded the evening before by a private drinks reception hosted by Caroline Wilson, British consul general to Hong Kong, and Guernsey’s Commerce and Employment minister, Kevin Stewart.

‘Second outpost’

The new Guernsey Finance office is due to open in the middle of February, and  is located in the Three Pacific Place office tower in Hong Kong’s Admiralty district. It is the promotional agency’s second overseas outpost, following the 2008 opening of its Shanghai office, currently headed by Guernsey Finance China representative Wendy Weng.

John Dunford, pictured,  the GFSC’s current deputy director for authorisations, has been named to head up Guernsey Finance’s new Hong Kong office. Once there, he will act as the regulator’s representative in the special administrative region and, it’s said, use his expertise to explain Guernsey’s offering to Hong Kong-based legal and financial services entities.

Dominic Wheatley, Guernsey Finance’s chief executive, said the organisation believed that establishing a “larger presence in Asia” than just the one office in Shanghai was reflective of 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”.

In September, the Channel Islands Securities Exchange, which is located in Guernsey but also has an office in Jersey, listed its first ever Chinese issuer — a company called China Cinda Finance (2014) II Ltd. China Cinda Asset Management Co. Ltd, the issuer’s ultimate parent, was incorporated in Beijing, China in 1999 and listed on the Hong Kong Stock Exchange in 2013.

Industry executives interested in the Guernsey Finance Hong Kong 2 March event, which will begin around 5:30pm and conclude with a drinks reception, may contact and register with Guernsey Finance by clicking here. 

 

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