Knowing the customer key to China and Hong Kong success

AN IN-DEPTH working knowledge of China and Hong Kong helps Guernsey to outstrip other jurisdictions in the region, it was said at an event celebrating one year of the Guernsey finance industry’s formal presence in Hong Kong.

Panel speakers and Guernsey Finance representatives at Ganbei Guernsey, hosted at the Hong Kong Bankers Club. Pictured left to right are Asia Jet chief executive Mike Walsh (panellist), East Asia Sentinel Group principal Gilbert Pun (panellist), Guernsey Finance deputy chief executive Kate Clouston, Guernsey Finance China representative Wendy Weng, CitiTrust chairman Stewart Aldcroft (keynote speaker), HLCG managing director Joseph Yeung (panellist) and TVB Straight Talk host Michael Chugani (moderator).

Eighty attendees learned about the benefits and solutions provided by Guernsey structures for their businesses or clients during a panel discussion at ‘Ganbei Guernsey’ – held at the Hong Kong Bankers Club.

The island was held up as a jurisdiction where it was possible to diversify risk.

Panel member Joseph Yeung, managing director of film production insurance specialists HLCG, is utilising Guernsey’s captive insurance expertise. He explained why he chose the island for his business requirements.

‘It’s very important to potential clients for jurisdictions to have a presence on the ground in Hong Kong and China and Guernsey ticks that box,’ Mr Yeung said. ‘Guernsey knows China and Hong Kong in a way other jurisdictions do not.

‘The personal service and quality of service is at its best in Guernsey and it is a place where you can diversify risk. I also know that any structure I set up there, I won’t have to worry about because Guernsey has high standards of regulation that stand up to scrutiny.’

Full story in today's Guernsey Press