Jersey builds links to Chinese business

Monday 30 June 2014

Jersey has appointed a new Head of Business Development to foster opportunities in mainland China.

Yumei Zhang will be based in Hong Kong, and she will take up the post from mid-August. A Chinese national, Ms Zhang currently heads the Hong Kong office of the Louvre Group, a fiduciary and fund services provider with its headquarters in Guernsey.

Jersey Finance has also appointed a new project manager to work in Shanghai where it works through the China Britain Business Council (CBBC). Garry Zhao joins from the treasury team at Fosun Group, a large Chinese corporate, having previously worked at the Oversea Chinese Banking Corporation.

The CBBC is a major supporter of British business interests in China. The association provides Jersey Finance with a base for business development activity in mainland China, helping to widen its network of professional services and financial institution contacts, improve awareness of Jersey amongst institutional investors and strengthen governmental and regulatory links.

Richard Corrigan, deputy CEO, Jersey Finance, said: “I am delighted that, through the CBBC, Jersey Finance has established a presence in Shanghai, a city that is really asserting its position as mainland China’s financial and commercial hub, whilst I am also pleased to be able to welcome Garry to the Jersey Finance team, and look forward to welcoming Yumei in August. These moves are a real statement of intent for Jersey in this market, and I am sure that both appointments will be invaluable in supporting our continued business development strategy in Greater China, one of our key target markets.”