Jersey Finance, the non-profit organisation that promotes Jersey as an international financial centre, has created a new advisory group that would help it develop businesses in the Far East.

China Jersey Advisory Group, the new entity, consists of senior individuals in various financial services fields, including regional banking heads, wealth management advisors, senior partners at major law firms and corporate listings experts. The group is expected to meet regularly to discuss on-the-ground advise on Jersey's efforts in Hong Kong and China.

"With around £6 billion of deposits from the Far East currently being held in Jersey banks and a growing amount of corporate and funds business coming to Jersey from the region, there is no doubt that maintaining visibility is vital in keeping Jersey on the map," said Jonathan White, chairman of Jersey Finance.

The company was formed in 2001 to represent Jersey as a financial hub and is funded by members of the local finance industry and the States of Jersey government. It also has offices in Hong Kong and Abu Dhabi and representation in London, Mumbai and Delhi.