Jersey claimed its status as a global jurisdiction has been enhanced after senior officials representing the island signed a memorandum of understanding with Chinese regulators yesterday.

Jersey claimed its status as a global jurisdiction has been enhanced after senior officials representing the island signed a memorandum of understanding with Chinese regulators yesterday.

The MoU was signed between the Jersey Financial Services Commission and the China Securities Regulatory Commission, according to Jersey Finance, the promotional agency for Jersey’s financial sector.

The agreement, Jersey Finance said, paves the way for allowing Jersey domiciled funds to participate in the Qualified Foreign Institutional Investor and Qualified Domestic Institutional Investor programmes operated by China, giving new avenues for Chinese investors looking to internationalise their investments.

The signing formed part of a senior Jersey delegation visit to Beijing and Shanghai, led by Jersey’s chief minister, senator Ian Gorst and included representatives from the States of Jersey, the JFSC and Jersey Finance.