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Chinese impressed with Isle of Man

The Isle of Man is moving towards establishing financial services links with China following a visit by Chinese officials to the island.

Representatives of China&#39s Central Bank discussed with the Isle of Man Financial Supervision Commission the possibility of setting up operations on the Isle of Man.

They explored the potential for training Chinese bank staff at the island&#39s local higher educational institutions, particularly its new International Business School.

The IoM Government is raising its profile in the Far East by holding two conferences in Singapore and Hong Kong this summer.

IoM Government Treasury head of international services division Michael Gates says: “Relationships have existed between Chinese companies and Isle of Man companies for some time. This visit looks towards building on those links in a more formal way.”

London Chinese Embassy first secretary Yang Lingming says: “We are very impressed by the environment of the island and by its very friendly people. I will be pleased to assist with the proposed Isle of Man Government visit to China later this year.”

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