Jersey grows East

Jersey grows East
Establishing a permanent presence in Hong Kong last year has helped Jersey’s finance industry grow banking and corporate listings business significantly and is opening up a number of new opportunities, according to Jersey Finance. The proportion of bank deposits held in Jersey coming from the Far East has nearly doubled over the past year to now account for 6% of the total value, whilst more than 25% of the 60 Chinese companies listed on the Alternative Investment Market (AIM) in London are incorporated in Jersey, according to Zhaoan Li, Jersey Finance’s Head of Greater China Business Development.