Hong Kong businessman seeking to open bank in VI
The bank, according to reliable sources, will be named Bank of Asia and would reportedly cater for persons wishing to do offshore banking from Asia and other parts of the world.
Virgin Islands News Online was told that a “special meeting” to discuss the venture was done today, Tuesday January 12, 2016 at the Road Town Wholesale Conference Room in Pasea Estate, Tortola.
Among those present were members of the BVI Chamber of Commerce and Hotel Association (BVICCHA).
Heading the discussion was Hong Kong businessman and Group CEO of Financial Holdings (BVI) Ltd, Carson Wen, along with Deputy CEO of Financial Holdings (BVI) Ltd, Mr Chad C. Holm. Financial Holdings (BVI) Ltd is based in Admiralty, Hong Kong.
Information is sketchy as to the exact function of the bank, but according to sources, it was said that the bank will cater especially for clients that have difficulty opening bank accounts in their countries due to various regulations.
“It will be fully electronic,” one of our sources said.
It was also noted at the discussion, according to reports, that the bank will explore the idea of catering for local clients.
Who is Carson Wen?
According to our research, Carson Wen has been working in business, corporate and securities law for more than 30 years and has represented foreign and Hong Kong companies in their direct investment in China, whether forming joint ventures or wholly foreign owned enterprises, or acquiring interests in existing PRC enterprises.
In business, Wen has invested in or operated businesses in the media, catering, building materials, business consultancy and manufacturing sectors prior to his founding of the Sancus Group in 2007. He is also an independent director of the Phoenix News Media and non-executive director of the Winox Holdings Limited.
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27 Responses to “Hong Kong businessman seeking to open bank in VI”
Given how the cruise ship park moved forward without investigation, means the possibility of more of the same behavior. And what kind of "regulations" are Chinese businessmen trying to avoid in China? That doesn't speak well either. China doesn't have a good track record on any environmental protection or good engineering etc. Be careful what you ask for.