Adelegation from Guernsey timed its China visit to perfection, just as a free trade zone was launched in Shanghai, followed by the recent plenum of the Communist Party in Beijing.
“It was very good timing,” said Fiona Le Poidevin, chief executive of Guernsey Finance, the promotional agency for the island’s finance industry. She told China Business Law Journal that the delegation held high-level talks with officials and regulators about the implications of the two events.
Le Poidevin highlighted a meeting in Shanghai with Tu Guangshao, the vice mayor of the city. “We particularly discussed with him the Shanghai pilot free trade zone and the opportunities that might bring generally for Chinese businesses, but also for Guernsey and Guernsey businesses setting up in China,” she said. “It’s a very exciting time because it demonstrates that China is opening up to business.”
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