International co-operation agreements and Guernsey's
reputation in the market are helping to facilitate the growth of
Guernsey captives with Chinese clients.
Guernsey's profile as a key captive insurance jurisdiction
for Chinese clients continues to build as the business from the
latter look to expand into Europe.
Kate Storey, Partner at Walkers in Guernsey, who was one of the
speakers on captives at a
Guernsey Finance Shanghai Masterclass, said
that Guernsey was the best location for Chinese businesses to set
up a captive.
"Proximity to London is a selling point, as is
Guernsey's international reputation as a highly regarded legal
and regulatory environment, and the high quality of professional
services available within the jurisdiction," Ms Storey said.
"Another distinguishing factor is the existing co-operation
agreements between Guernsey and China."
