Chief Minister Terry Le Sueur and the Commissioner for Tax of the People’s Republic of China, Xiao Jie, put pen to paper on the first international accord reached between Jersey and China.

Jersey Finance chief executive Geoff Cook said that the TIEA with China was an important step in the growing relationship between the Island and the authorities and regulators in the world’s fastest-growing economy.

He said the signing of the TIEA was ‘excellent news’ for Jersey’s finance industry. He said that recent visits to the Island by senior Chinese officials had demonstrated that China values corporate governance.

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