ARTICLE · 12 NOVEMBER 2008

Shanghai Keen On The Guernsey Finance Model

Guernsey Finance

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Tu Guangshao, the Vice-Mayor of Shanghai, has spoken during a visit to Guernsey of how his city would like to use the Island as a role model for the development of its own financial services sector.

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Tu Guangshao, the Vice-Mayor of Shanghai, has spoken during a visit to Guernsey of how his city would like to use the Island as a role model for the development of its own financial services sector.

He said that financial services currently accounted for just 10% of Shanghai's gross domestic product but it would be seeking to expand this sector in the future.

"We have much to learn from Guernsey.......Guernsey will be a very good partner for us," said the Vice-Mayor, who added that there would be benefits for Guernsey as well.

"Guernsey would also like to find more opportunities elsewhere in the world and in that sense Guernsey and Shanghai have a lot of complementary areas."

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