Guernsey Finance Chief Executive Dominic Wheatley reflects
on his company's recently-forged ties with China, and the
bright future for Guernsey Finance within the country.
Guernsey's insurance industry has made great strides in
developing captive opportunities in China over the past year.
Not only has the island signed four Chinese insurance-related
Memoranda of Understanding (MoU) since mid-2016, but Guernsey
captive structures are now being set up by China-based
businesses.
One deal also nearing completion has seen Guernsey Finance,
local practitioners and the Guernsey Financial Services Commission
(GFSC) working closely with Hong Kong-based Joseph Yeung, executive
director of HLCG Film Guarantors, film production specialists, in
coming up with a workable captive scheme. Mr Yeung visited Guernsey
in February alongside film investor and producer Xing Li, who is
another individual in the Chinese industry interested in learning
more about Guernsey's offer for the
