According to an official press release, Guernsey Finance on behalf of Guernsey’s financial services sector has signed a Memorandum of Understanding (MoU) with the Shanghai Family Office Union (SFOU) with the intention to support business development initiatives between Guernsey and the SFOU.
The agreement was signed at a Wealth Management event in Shanghai by Kate Clouston, Director of International Business Development at Guernsey Finance and Antoine Kuo, Chairman of the SFOU.
Mr Clouston commented: “We are thrilled to have a partner in Shanghai with whom we can work to develop ties and increase business exchanged in the private wealth space. Guernsey industry experts now have the opportunity to help Chinese firms understand international regulatory and compliance standards and procedures, and the Union will in turn act as a conduit to a vast and growing network in mainland China.”
The signing of the Memorandum marked the ending of Guernsey’ Finance delegation trip to Asia, which also incorporated visits to Hong Kong, Kuala Lumpur, Singapore, Beijing and Shanghai.
Source: Guernsey Finance News Release, 7 December 2015
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