Island signs MoU with key Chinese business centre

GUERNSEY has signed another memorandum of understanding with a key Chinese business centre.

chinamou
Guernsey Finance chairman and vice-president of the Policy & Resources Committee Lyndon Trott signing the latest Memorandum of Understanding on captive insurance between Guernsey and China. Deputy Trott is seated alongside the Beijing Airport Economic Core Zone Deputy Director Jie Hu.

Just a day after a regulatory insurance agreement was signed, Deputy Lyndon Trott, chairman of Guernsey Finance and vice-president of the Policy & Resources Committee, confirmed an agreement with the Beijing Airport Economic Core Zone on behalf of the promotional agency.

The agreement sees the parties agree to cooperate in the areas of captive insurance market development, financial innovation and international information exchange to promote the viability of the Chinese captive market and wider communication between China and the global captive industry.

They will also encourage the efforts of Beijing Shunyi to become the regional captive domicile centre of China and support Chinese business in setting up captive insurance companies domestically and internationally.

‘This MoU further reflects our commitment to build and develop our cross-border communication with China, specifically the Beijing Airport Economic Core Zone – a key hub for China’s industrial, business and creative sectors,’ said Deputy Trott.

Comments for: "Island signs MoU with key Chinese business centre"

markB

Excellent News ... Ill have a number 56 and spare ribs with lemon

Island Wide Voting

Hmmm

Whilst it's never right to judge a book by its cover let's not beat about the bush … this is a hot potato.Whilst people in high places might think this is the best thing since sliced bread I smell a rat

China is notorious for copying other nation's successes at the drop of a hat and this deal could cost us an arm and a leg if it isn't watertight. It won't be a piece of cake and we'll need to be on the ball and definitely not cut corners. If it doesn't cut the mustard there is no point in hoping that we can cross that bridge when we come to it. Far too late to go back to the drawing board to burn the midnight oil once Elvis has left the building

I could be barking up the wrong tree and this might be one of those once in a blue moon opportunities but we appear to be caught between two stools. We don't want to miss the boat by sitting on the fence and it is true that drastic times call for drastic measures, but should we be putting all our eggs in one basket in the heat of the moment?

A penny for your thoughts? Your guess is as good as mine

Prospero

Morning IWV

I agree - we wouldn't want to look a gift horse in the mouth.

But - if it looks like a Peking Duck and walks like a Peking duck it probably is a waste of time and money.

However - Lyndon has picked up the ball and is running with it - all the way over the event horizon.

What could possibly go wrong ?

Don Tramp

Google Chairman Mao first.

Washtub

***BEWARE*** and..NO kidding many countries on the European mainland are **flooded with CHINESE GOODS** of every A to Z description and even in well known shops in BRITAINS high streets. The thin end of the apparent losing edge for GUERNSEY.

Washtub

Massive CHINESE walk in Public Warehouses are now in some mainland European countries, selling everything from plastic clothes pegs to Computer accessories.