22 November 2011

Jersey listing capabilities for Chinese and Indian firms highlighted at Paris conference

The advantages of using Jersey listing vehicles as part of raising capital in Western markets will be promoted to top-level Chinese and Indian business professionals at a conference in Paris this week.

Jersey Finance are sponsors of the prestigious International Capital Conference 2011 and will be hosting a roundtable session entitled ‘Jersey for listings – an essential guide.’ David Myatt, Country Head of BNP Paribas for the Channel Islands and Isle of Man will moderate the session and he will be joined by Raulin Amy, Partner at Ogier, Nick Harriss, Director of Corporate Finance at Allenby Capital, London and Zhaoan Li, Jersey Finance’s Head of Greater China Business Development. Mr Amy is also participating in a panel debate entitled ‘IPOs for Emerging Economy Companies’ that will set the scene for the JFL roundtable.

The conference, which has attracted over 300 delegates, is organised by the Boao Forum for Asia in association with the Federation of Indian Chambers of Commerce and Industry (FICCI) and Cavendish Group and is hosted by the Ministry of Economy, Finance and Industry in France. It has been described as ‘the premier business event for western companies looking to do business with ambitious Chinese and Indian companies.’

As well as senior figures from the Chinese Government, industry and finance, this year for the first time the organisers will welcome 30 Indian chief executives led by FICCI.

Geoff Cook commented: ‘One of the features of the finance activity in Jersey in recent years has been the increasing use of our jurisdiction to incorporate listing vehicles. In the 12 months to June this year for example, Jersey companies that floated on the London Stock Exchange and AIM raised £8 billion, which was over half of all new capital raised on London markets during that time.’

‘A proportion of the interest in Initial Public Offerings (IPOs) on the London markets is from the high growth economies, including China and India, and this conference provides us with an ideal platform to inform practitioners about Jersey’s strengths and capabilities as a jurisdiction for listings.’

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