Funds sector continues to grow, latest figures show
Wednesday 22nd June 2011, 3:00PM BST.
Jersey Finance chief Geoff Cook meets Lin Wenjun, director of the Department of European Affairs, on a visit to China
THE funds industry continues to flourish while the rest of the Island’s finance sector appears to be fighting back, according to the latest statistics.
More than 40 new funds registered in Jersey from January to March this year, the highest number in a quarter since 2008.
As a consequence, the value of funds administered in the Island grew to its highest level since June 2009.
Meanwhile, bank deposits increased by three per cent and the number of registered companies also rose in the 12-week period.
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Geoff Cook meets Lin Wenjun. The classic quote being to view the oppression from ‘The other side of the hill’.
Just who is sizing up who, Wenjun or Cook? Meanwhile the Chinees quote that sticks in my mind is, “JERSEY, that tax dodge place!”
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