Guernsey Finance’s trip to China, flagged up by PBI, is strongly increasing their exposure at a convenient point in time.
Last week, the Communist Party of China concluded its Third Plenum where a number of economic reforms were introduced, including the new allowance of private banking. Therefore, meetings with the China Banking Regulatory Commission (CBRC) have been a beneficial exchange of ideas concerning the new Chinese private wealth sector.
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On their opportune visit, Kevin Stewart, Guernsey’s Commerce and Employment Minister, said: "This will see a further opening up of the Chinese economic system which will present increased opportunities for Guernsey and so it is timely that we are able to bring our message to these influential players just when it is so high on their agenda."
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