BVI financial services to host trade show in China
Minister for Financial Services Lorna Smith has announced that the BVI intends to host its first financial services trade show in Shenzhen, China in early 2025, as the jurisdiction seeks to strengthen ties with one of its biggest markets.
Minister Smith, who is currently on a trade mission in Asia, said the show would focus on industries including fintech, blockchain, artificial intelligence, electric vehicles, and decarbonisation.
The minister made the announcement during a meeting with the China Council for the Promotion of International Trade (CCPIT), which serves to foster international economic and trade cooperation.
The meeting focused on trade promotion development between the BVI and Shenzhen (a Chinese city), with a focus on the synergy between BVI’s financial services industry and Shenzhen’s industrial base.
Representatives from Shenzhen’s China Chamber of Commerce and a host of other representatives were in attendance to discuss key issues with the BVI government.
They noted that while many Shenzhen-based companies are utilizing BVI structures, there are additional opportunities for the expansion of BVI business in that city.
They said flexible financial tools are necessary for high-tech development such as artificial intelligence and the production of green energy in Shenzhen.
Deputy Premier Smith said, “I am grateful to CCPIT for hosting such an insightful and valuable meeting. Deputy Director-General Haboo Yang was vibrant and eager to strengthen the engagement between the BVI and Shenzhen’s technological developments.”
As part of the discussion with BVI officials, Shenzhen officials highlighted that there are 77 BVI-domiciled Shenzhen-based companies which combine for a value of USD 3 billion in investments.
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Please be wary and don’t get suckered in. The China effect on other Caribbean islands has not been good.
Broken clocks are right twice a day but zero in the BVI. The tide is flowing out from China and Hong Kong. Enjoy the food Deputy Premier and crew.
SHE GOIN KILL WE!
More 5 star hotels, first class travel, lavish expenses, and shopping opportunities for the favoured few. No doubt that trip will be a resounding success – line the one to Guyana that produced nothing.
SHE IS DOING MORE TRAVELLING THAN KAMALA HARRIS THE VICE PRESIDENT OF THE USA
i hope they didn’t eat the food on the streets when they are there, look up the term gutter oil
Good.
Some people are so ignorant. To have representation in the second most populated country on the globe is a no brainer.
“watch out for the chinese!” (Britain plotting neocolonial activities: Yes good good watch out for the Chinese)
oh and funny thing about gutter oil as nasty as it is… what do you think the no brand cooking oil people here buy up is made out of? God knows!
why don’t you politicians in the british virgin islands take some time out to repair the roads in the british virgin islands? how about spending some time outside and look around the islands and repair the roads? why not do that instead?
Already planning the next junket. Too bad that this same kind of attention isn’t given to infrastructure. I’m all for planning for the future, but examine some of the subjects of the PR: “the show would focus on industries including fintech, blockchain, artificial intelligence, electric vehicles, and decarbonisation.” Blockchain, EVs and AI are all monstrous consumers of electricity, and the Territory cannot even keep the lights on for its existing homeowners and businesses with a consistent and reliable source of electricity. Just so wasteful of the taxpayers’ money….
Maybe they can show the Chinese how to create 3 hour lines to cash a check!
Can we just get these banks to help out the people of the BVI before you go around the world to make they more money!?
as in the past, we will see another NDP inspired initiative to. begin teaching Mandarin inschools, while most today do not have even average command of English.
And none would ever suggest the teaching of a major African language such as Swahili, but they will jumpon the need to teach socalled classic languages, ie French, German etc.
A lunatic and bamboozeled people we still are.
Lord, help. us.
Not one of them has the political, economic, strategic, short or long term acumen to negotiate with the Seasoned Chinese and get a mutually benefitial outcome..