Tag: Hong Kong
Minister meets with SVB clients in Hong Kong
(CNS): The Cayman Islands Monetary Authority (CIMA) is exploring legal options after the US Federal Deposit Insurance Corp (FDIC) seized deposits held at the Cayman branch of Silicon Valley Bank, The Wall Street Journal has reported. Financial Services Minister André Ebanks met with some of SVB’s depositors in Hong Kong recently and told them that […]
Cayman delegates in Hong Kong for talks over office
(CNS): Matthew Forbes, the head of the governor’s office, and Eric Bush, the chief officer in the new ministry for International Trade, Investment, Maritime and Aviation Affairs, led a delegation to Hong Kong last week to meet with officials in the Hong Kong Special Administrative Region Government to agree plans for the opening of the […]
Investment ministry to kick off with CI$3M budget
(CNS): Premier Alden McLaughlin has confirmed that the new ministry he promised at the start of this administration has been given the green light by the UK, and also that work to open the Cayman Islands Hong Kong office associated with the new government department has already begun. Speaking in the Legislative Assembly Monday, he […]
CIG resurrects SE Asian office idea
(CNS): The lure of Asian investment has placed the idea of opening a Cayman Islands office in Hong Kong back on the government’s agenda. Premier Alden McLaughlin has said it is time to explore again the possibility of an Asian presence, given the increasing importance of that market to the financial services sector. “About 70% of all companies listed […]
Cayman’s offshore rivals target crypto market
(CNS): As the global cryptocurrency sector heats up, job creating international investment is seeking out suitable jurisdictions and Cayman Islands’ offshore rivals are looking to steal a march on this growth by introducing crypto-friendly laws and legislation, with Bermuda in pole position. Bermuda’s government said recently that it wants to become one of the first […]
CIG gets to work courting Chinese business
(CNS): The Cayman Islands delegation to Great Festival of Innovation in Hong Kong, led by Premier Alden McLaughlin, has already started courting business since arriving in the strategic autonomous Chinese city Monday night. Financial Services Minister Tara Rivers, Chief Officer Dax Basdeo and Cayman Finance CEO Jude Scott began on Tuesday with a round-table discussion, chaired […]
CIG heading to Hong Kong innovation festival
(CNS): Premier Alden McLaughlin has outlined the details of the trip to Hong Kong that he and several other ministers and Cayman Islands representatives from the private sector will be taking this weekend to attend the Festival of Innovation as part of the UK delegation. In a statement to the Legislative Assembly Friday about Cayman’s […]
