Jersey to launch into Hong Kong stock market

Hong Kong International Finance Centre

Movers and shakers from Jerseys finance world have travelled to China and made a play to get Jersey companies onto the Hong Kong stock exchange and make foreign investors more aware of the island.

Jersey Finance is a company that endeavours to spread the word of Jersey being a key offshore financial centre and they have put their weight behind the project. A number of meetings have already been held with representatives from the Hong Kong stock exchange, meetings which have resulted in approval for Jersey companies to be added to the stock exchange. Further meetings and presentations have been arranged in Hong Kong and also Shanghai.

The technical director at Jersey Finance, Rob Kirby, told the BBC: “The approval at the end of last year for the listing of Jersey companies on the Hong Kong Stock Exchange was a significant development, which we are now looking to build on. A number of applications for Jersey companies to be listed on the exchange are in the process of being made.”

He added that “With Hong Kong already well established globally as a major financial centre, and China expected to shortly become the world's most powerful economy, it is vital that we continue to talk to key advisers, professionals and regulators as Jersey seeks to grow business flows from the Asia Pacific region this year”.