Advocate Caroline Chan was lead legal adviser for the HKEx application.

GUERNSEY’S approval as an ‘acceptable overseas jurisdiction’ by the Hong Kong Stock Exchange will help raise the island’s profile in the Asia market, it has been claimed.

Ogier partner Caroline Chan, who led the law firm’s team that provided legal assistance to the States of Guernsey in relation to its HKEx application, said gaining approval from the exchange’s listing committee was an important development for the island’s finance industry as Hong Kong was one of the largest and most successful stock markets in the world.

‘A key benefit is an opportunity to enhance the island’s profile in Hong Kong and the wider Asian region as a jurisdiction of choice,’ said Advocate Chan.

‘Hong Kong’s close trading and business links to other Asian economies, coupled with the HKEx’s ability to access capital in the Asia region, offer attractive opportunities to businesses already operating in Asia, or considering establishing or developing a presence in the region.

• Read the full story in the Guernsey Press. Click here for subscription details. Individual editions are now available online.