Jersey-based companies have been cleared to be listed on the Hong Kong stock exchange after authorities in both jurisdictions agreed the move.

Offshore financial centres are always looking for ways to stand out from the competition and maintain their edge in a very competitive marketplace. In achieving this listing Jersey has gained access to the Hong Kong capital market before both the Isle of Man and Guernsey.

As well as its efforts in getting the approval for Jersey-based companies to list on the Hong Kong stock exchange, Jersey Finance will open its second office in Hong Kong later this month, Jersey Finance, a group representing the island’s financial sector, said in a statement.

“With China anticipated to become the world’s most powerful economy and as Hong Kong is already such an important financial centre, the listing approval for the Hong Kong Exchange is timely and will support our efforts to develop commercial links with the region” said  Robert Kirkby, technical director of Jersey Finance.