Recent developments include the visit of the Chinese Ambassador to the UK, His Excellency Liu Xiaoming, on a three-day visit to the Island and Minister for Economic Development John Shimmin leading a trade delegation to the country - which also saw the signing of a Statement of Cooperation between the Isle of Man Financial Supervision Commission and China Banking Regulatory Commission.

 

The delegation outlined opportunities for the Island to support the Chinese economy, specifically through import/export solutions, capital market listings, and wealth management services.

 

These developments continue the Isle of Man's policy of positive engagement with other nations in order to promote a deeper understanding of the Island and its role within the global community. Chief Minister Allan Bell MHK commented: "Events such as the Ambassador's visit and the Isle of Man trade mission to China are important elements of our strategy to grow and diversify the Manx economy. I believe there is potential to attract significant new business and employment opportunities to the Island by forging a strong alliance with China."