Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

BVI 'takes it to the next level' at Chinese offshore summit
Published on June 6, 2014 Email To Friend    Print Version

chinese_offshore_summit.jpg
Delegates at the China Offshore Summit in Beijing are pictured here as they browsed financial literature at the BVI booth. The two-day summit was held from May 28 to 29 and assembled more than 300 of China’s leading financial intermediaries, international trust companies, bankers, lawyers, and corporate service providers. (Photo: BVI House Asia)

BEIJING, China -- More than 300 Chinese leading financial intermediaries, international trust companies, bankers, lawyers, and corporate service providers learned more about the British Virgin Islands’ financial services sector at a recently concluded China Offshore Summit in Beijing, China. The two-day summit was held from May 28 to 29.

During the summit, BVI House Asia delivered the presentation ‘BVI 2.0 – Taking it to the Next Level’. The director of BVI House Asia, Elise Donovan focused on the use of BVI business companies in China across the past 25 years to today’s expanded role in facilitating cross-border transactions in China’s increasingly sophisticated financial and economic markets.

“Through more than 30 years’ experience and learning about Chinese business and culture, the BVI intimately understands the demands and needs of the market. The BVI has been tried – and it works, it has been tested and has passed with flying colours, and is proven as the jurisdiction that provides the best advantages for Chinese business,” Donovan said.

“BVI’s success in the Chinese market was not simply luck, but also a combination of providence and hard work,” remarked Donovan.

She added, “BVI 2.0 is recharged and ready to be the conduit to take Chinese business to the next level.”

According to the United Nations Conference on Trade and Development’s World Investment Report 2013, investment in offshore financial centres remains at historically high levels, accounting for an increasing share of foreign direct investment (FDI) flows at about six percent.

The director of BVI House Asia stated, “According to the report, globally, the BVI remains a top five centre for inward investment flows and a top ten for outward investment flows.”

Particularly, the BVI continues to play a significant role in China’s outward and inward FDI flows, acting as a conduit of capital from East and West, assisting Chinese companies to gain access to Western capital or technology through foreign listings and acquisitions.

Also presenting at the summit was Harney Westwood & Riegels’ Asia managing partner Jonathan Culshaw who spoke on the topic ‘Same same… but Different, Differences between BVI and Cayman Companies’.

Culshaw pointed out the strengths and advantages of both jurisdictions, such as their flexibility in structuring purposes, neutrality, creditor-friendliness, business-friendliness, and legal and professional competence in the China/Asia market.

Of the two jurisdictions he noted, “The BVI is better value for money.”

The BVI was a silver sponsor of the event which facilitated more than 150 visitors to the BVI booth to ask questions and gather information.
 
Reads: 2306





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code



Please note that, if you are using an AT&T domain email address, e.g. att.net, bellsouth.net, sbcglobal.net, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: