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FinanceMalta targets China
2010. 2 July
Around 9,000 copies of a FinanceMalta publication will be distributed from the Malta Pavilion at Shanghai Expo, to promote Malta’s financial services industry in China.
(di-ve.com) The 60-page business guide, prepared by Country Profiler, serves as a major reference source on every aspect of doing business in and with Malta in order to attract and springboard Chinese trade and investment to and through Malta.
“We have already begun to showcase Malta’s financial services industry in China with significant Chinese operator interest coming from Beijing and Shanghai,” FinanceMalta chairman Kenneth Farrugia said, adding that another event was being organised in Hong Kong in the coming months.
Malta is rapidly emerging as one of the fastest growing international financial centres in the world. Despite global recession, there was 22 per cent growth in 2009 and it is forecast that growth in 2010 will be equally strong.
Malta was the only euro area country to register an increase in trade of 9.7 per cent with China in 2009 with the Malta Freeport connected directly to 10 Chinese ports via 7 shipping lines running 8 weekly services.
To support this growing relationship, 2 memoranda of understanding were signed in January between the MFSA and the Chinese Financial Services regulators.