A delegation led by Malta’s Minister of Finance - Mr. Edward Scicluna visited Grandall Shanghai Office on 16 March 2016, and members of the delegation include Chairman of Malta Stock Exchange - Mr. Joseph Portelli, Partner Mr. Kenneth Camilleri and Ms. Stefania Grech from Chetcuti Cauchi (a leading law firm in Malta and Cyprus). A team led by Grandall’s executive partner, Mr. LIU Wei, addressed their warm welcome to the distinguished guests. During the meeting, both sides such hot topics as investment, immigration and IPO in Malta and expressed their willingness for further cooperation.

Mr. Minister first made a brief introduction to Malta’s geographical, political and economic advantages as well as their previous meeting with officers of the Bank of China and AIIB in Beijing. When introducing the background of Malta, he attributed its rapid economic growth to the stable political environment and stimulating marketing policies like tax preferences. He also showed willingness to further cooperate with China in economy, trading and other aspects.

Mr. Joseph Portelli briefed IPO situation on the Malta Stock Exchange and explained in detail the obvious advantages of listing there. Full passporting rights within the EU, personal services catering to different clients, and an advanced Xetra platform operated remotely from the Deutsch Bourse are just some of them. In addition, he suggested that they were considering using Chinese as another working language for offering documents provided by Chinese enterprises in an attempt to attract Chinese investors.

Furthermore, Mr. Kenneth Camilleri, partner of Chetcuti Cauchi, introduced Malta Individual Investor Program (MIIP) which allows regional high net worth individuals and their families to gain citizenship by investment. He also introduced the advantages of setting up companies in Malta.

In turn, Grandall’s executive partner, Mr. LIU Wei, visualized a bright future of cooperation with Malta’s Ministry of Finance, the Malta Stock Exchange and Maltese law firms. He also suggested that information and documents regarding Malta’s policies, laws and investment conditions be translated into Chinese, in order to facilitate Chinese investors to decide to investment in Malta.

Partner Mr. Andy Sun spoke of Grandall’s recent accomplishment on advising China’s construction of “Belt and Road Initiative” and cooperation with the prominent Chinese think tank CASS-RDI. As Malta is covered in the roadmap of the “Belt and Road”, Grandall is willing to provide its clients with professional services in respect of investment and establishment of offshore company in Malta. Mr. Sun also gave the delegation a detailed introduction about the background, content and focus of the Belt and Road Initiative as well as Grandall lawyers’ endeavors in the relevant research works.

After the meeting, Grandall showed the delegation around the office of Grandall Shanghai and they hoped the visit would strengthen the mutual contacts, create investment opportunities and make further contribution to the cooperation between China and Malta.