Date: Thursday, May 23, 2024
Venue: Renaissance Beijing Wangfujing Hotel
Event Objectives
Recognised as an internationally respected financial centre, the BVI plays a pivotal role in connecting markets, facilitating inbound and outbound investment, trade, and capital flows. With a rich history of cultivating strong relationships with Asian businesses since the 1980s, the BVI stands uniquely poised to navigate through these disruptions and continue driving economic prosperity across the region.
The BVI’s financial services sector relies heavily on Asia, with 57 percent of its business coming from the region, including 44 percent from China’s Mainland, Hong Kong and Macau. The recent political tensions between China and Western countries make this mission particularly important for maintaining the BVI’s position as a trusted partner in the Asian market.
Experience firsthand the convergence of visionary leadership and industry expertise as leaders from the highest echelons of the BVI Government, BVI Finance, BVI Hong Kong Office, and esteemed practitioners and experts from Asia engage in candid, high-level conversations. Together, we will explore the critical issues and innovative strategies shaping the future of financial services both in the BVI and across the Asian market.
About Us
Major respected companies worldwide use BVI Business Companies to manage their cross-border activities. Over 140 major businesses listed on the London, New York, and Hong Kong main stock exchanges use BVI vehicles to support their international investment activities.
Companies, institutions, and private individuals use them for holding companies for various assets corporate group structuring; investment business, joint ventures, listings, real estate; family, trust, estate, and succession planning; and vessel or aircraft registration.
Agenda
Topic
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Speaker
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Registration
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Welcome Remarks
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Dr. Ricardo Wheatley, Director, BVI Hong Kong Office
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Keynote Speech- BVI: Jurisdiction of Choice
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Deputy Premier and Minister for Financial Services, Labour and Trade, Hon. Lorna Smith, OBE
Description: Deputy Premier Smith will explore recent advancements in the BVI, shedding light on how the jurisdiction takes a proactive stance in assisting millions of Asians in achieving their financial objectives. Moreover, the Deputy Premier will explain the pivotal role played by the BVI in facilitating foreign direct investment in China and the Asia Pacific region, and on a global scale. Additionally, Deputy Premier Smith will tackle recent international developments and elaborate on the strategies adopted by the BVI to address these developments. |
Panel - Going for Global Growth Why Choose the BVI?
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Moderator: Elise Donovan, CEO, BVI Finance Panellists: Carson Wen, Founder, Bank of Asia
David Chong, Founder and President, Portcullis GroupDescription:For four decades, BVI Business Companies have proven instrumental for Chinese business leaders, state-owned enterprises, and individuals. What factors have led Chinese business leaders to consistently select the BVI as their preferred jurisdiction? What distinctive advantages does this jurisdiction provide to the Chinese market, and to what extent are these capabilities fully understood by stakeholders? A panel of experts will delve into recent BVI developments in the context of prevailing trends in Asia. |
Panel- Charting a Course through the International Landscape
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Moderator: Ms. Ayana Glasgow, Director of International Business (Regulations), Ministry of Financial Services, Labour and TradePanellists:Shane Baptiste, Asia Representative, BVI Financial Services CommissionTiger Zhang, Director, ICS Corporate ServicesDeon Vanterpool, VP, Bank of AsiaDescription:The global regulatory landscape of transparency and taxation, propelled by entities such as the OECD, the EU, FATF, NGOs, and EU parliamentarians, is dynamic and complex. In light of these diverse regimes fuelling the anti-offshore agenda, what strategies does the BVI employ to align with and meet the requirements set forth? How does the BVI navigate the delicate balance between compliance obligations and sustaining competitiveness within the market? Furthermore, will the BVI uphold the "privacy and confidentiality of its structures," a principle highly esteemed in Asian jurisdictions?Key topics of discussion will include an overview of BVI's legal framework for international businesses and financial services, insights into the latest regulatory updates and compliance requirements, and practical advice for navigating the complexities of doing business in a jurisdiction renowned for its offshore financial services. The panel will also delve into the global impact of BVI regulations, discussing how international standards and cross-border cooperation affect local practices and vice versa.
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Panel- BVI the Ideal Vehicle for Structuring on the Belt and Road
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Moderator: Matthew Sumner, Managing Director, Outbound Investment GrouPanellists:David Chong, Founder and President, Portcullis GroupTiger Zhang, Director, ICS Corporate ServicesDeon Vanterpool, VP, Bank of AsiaDescription:The BVI remains at the forefront of international corporate structuring for cross-border transactions and investing worldwide. The BVI’s attributes, such as a familiar legal system based on English common law, internationally compliant regulations and tax neutrality, make it an especially attractive jurisdiction for pooling capital globally and investing it in markets where legal Page 20 of 54 barriers or political risks would otherwise deter investment..
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Coffee Break
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Presentation- BVI Regulations
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Speaker: David Chong, Founder and President, Portcullis Group
Description: Delve into the intricate dynamics of wealth acquisition and preservation amidst Asia's burgeoning middle class aspirations. BVI-focused practitioners offer strategic counsel and tailored solutions, including Vista Trusts, Private Trust Companies, and Family Office services, aimed at realizing goals such as real estate acquisition, securing top-tier education for children, and ensuring premium healthcare for families. In the context of contemporary Chinese and Asian family issues and financial objectives, let's explore the symbiotic relationship between these aspirations and the bespoke services provided by the BVI.Additionally, journey into the realm of legacy, wealth, and the influential role of family offices through the unique lens of the BVI. Uncover the strategies, opportunities, and exclusive insights that define the BVI's perspective on the enduring power of family offices in perpetuating and advancing intergenerational wealth. Join us as we navigate this dynamic intersection, where tradition meets innovation, and aspirations converge with strategic deployment. |
Presentation: – BVI Vehicles in Transactions, Virtual Assets Business and Other Structures Used in Asia
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Speaker: Alan Wong, Counsel, OgierDescription:Dive into the intricate world of financial transactions, virtual assets business, and diverse structures utilized in Asia, with a focus on the role of BVI vehicles. Join us as we unravel the complexities, strategies, and practical applications of these structures within the Asian landscape, offering invaluable insights into their usage and impact on regional markets.
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Panel – Dispute Resolution, Arbitration, Shareholder Disputes, Litigation
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Moderator: Ms. Ayana Glasgow, Director of International Business (Regulations), Ministry of Financial Services, Labour and TradePanellists:Shan Greer, CEO, BVI International Arbitration CentreCherrin Wong, Counsel, Maples GroupDescription:Join our panel as they explore dispute resolution, arbitration, shareholder disputes, and litigation within the unique legal framework of the BVI. Learn about the pivotal role of the BVI's Commercial Court and the BVI International Arbitration Centre in handling complex international disputes, enhancing the jurisdiction's profile in the financial services industry. Gain insights into the appeals process, from the High Court to the Eastern Caribbean Court of Appeal and the Privy Council in London. From alternative dispute resolution methods to navigating complex shareholder disputes and litigation strategies, our panellists will provide practical Page 22 of 54 guidance and real-world examples to help you navigate these challenges with confidence. This session will equip you with the knowledge and strategies needed to mitigate risks and achieve favourable outcomes in contentious situations.
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Presentation - - Navigating AML Requirements: Ensuring Compliance for BVI Managers
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Speaker: Tiger Zhang, Director, ICS Corporate Services Description: Navigate the intricate landscape of Anti-Money Laundering (AML) requirements with confidence in our comprehensive session tailored for BVI managers. Delve into the essential components of AML compliance, from regulatory frameworks to practical strategies for implementation. Gain valuable insights into best practices, risk mitigation techniques, and the latest developments in AML regulations. Mr. Zhang will provide the tools necessary to ensure compliance and safeguard your operations in today's dynamic financial environment
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A Conversation on Digital Assets
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Moderator: Elise Donovan, CEO, BVI Finance Speakers: Deon Vanterpool, VP, Bank of AsiaShane Baptiste, Asia Representative, BVI Financial Services CommissionDescription:Explore the world of digital assets with an expert as we discuss the latest trends and challenges. Gain insights into the BVI’s Virtual Assets Legislation and its impact on the digital economy. Uncover valuable strategies for navigating this dynamic landscape.
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Presentation – Using BVI Investment Funds in Asian Fund Finance and Other Strategies
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Speakers:Lily Miao, Partner, ApplebyEason Huang, Fund Partner, ApplebyDescription:Discover the unparalleled competitive advantages offered by BVI fund structures in today's global financial landscape. Delve into the unique features, regulatory frameworks, and strategic benefits that position BVI funds as a preferred choice for investors and fund managers alike. Gain insights into how these structures drive efficiency, flexibility, and success in fund management, unlocking new opportunities for growth and innovation.
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Presentation – BVI: The Future
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Description: Delve into the future of the BVI business. Building upon exploration of recent advancements, the presentation will illuminate the trajectory ahead for the jurisdiction. Discover how the BVI continues to proactively support millions of Asians and Chinese individuals in realising their financial goals. Gain insights into the evolving role of the BVI as a key facilitator of foreign direct investment. Explore the possibilities and opportunities that lie ahead as the BVI charts its course towards a dynamic and prosperous
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Q&A
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Brief Closing Remarks:
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Siobhan Flax, Deputy Director, BVI Hong Kong Office
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Reception
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Executive Director of International Business Regulations
Ministry of Financial Services, Labour and Trade
Portcullis Group
Founder & President of Portcullis, Executive Chairman of Fusang and Director of David Chong Law Corporation