Chinese corporates are getting increasingly comfortable
with the captive concept, but it will be a long road. Guernsey is
one of the leading jurisdictions looking to develop rising interest
in the sector.
In December 2013 Prime Minister David Cameron led a UK
delegation to China with the aim of boosting trade between the two
countries. His visit came just a couple of months after a similar
visit by Chancellor George Osborne and Mayor of London Boris
Johnson and a few weeks after the Chinese government's Third
Plenum during which a portfolio of proposals were unveiled which
will help to further liberalise the Chinese economy.
This liberalisation will present increased opportunities for
Western firms to do business in China. This is something which is
clearly recognised by the UK government and why they have been so
busy in China in recent months.
