Guernsey signs MOU with Shanghai

Guernsey Finance has signed a memorandum of understanding (MOU) with the Shanghai Family Office Union, which outlines business development betweeen the two.

Guensey Finance would access office space and meetings rooms in Shanghai as part of the MOU, while events, employee exchange programmes and registration services are also covered.

Kate Clouston (pictured), director of International Business Development at Guernsey Finance, said the deal would facilitate an increase in business exchanges in the private wealth space.

“Guernsey industry experts now have the opportunity to help Chinese firms understand international regulatory and compliance standards and procedures, and the [Shanghai] Union will in turn act as a conduit to a vast and growing network in mainland China. The MOU also shows a broadening of the relationship between Guernsey and China which has continued to build since we first established our Shanghai office in 2007,” Clouston said.

The signing ceremony, which was attended by Antoine Kuo, chairman, on behalf of the Shanghai Union, came at the end of a broader trip around Asia by Guernsey Finance and members of the jurisdiction’s financial sector. Locations included Hong Kong, Kuala Lumpur, Singapore, Beijing and Shainghai.

Guernsey Finance will open a representative office in Hong Kong in the first quarter of 2016, it second overseas office after Shanghai.



Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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