Members of the Single Malt Club China (SMCC) have created a £3m fund so that Chinese whisky connoisseurs can invest in some of Scotland’s rarest single malts.
The fund will facilitate the buying of rare and valuable single malt whiskies, such as limited editions released by distilleries or bottles from single caskets.
The announcement was made by Scotland’s First Minister Nicola Sturgeon who is in China to promote trade relations.
Sunday saw the opening of the SMCC’s new Whisky Experience Centre in Beijing. This new project allows those who have in interest in single malt Scotch whisky to learn more about Scotland’s best know export and also has displays and exhibitions which show how malt whisky exchange is made. There are also displays of the various single malts available in China.
Ms Sturgeon said: “Scotch whisky is world famous and is one of our most iconic products. Scotland is the home of whisky and there is a clear global demand for our national drink.
“The Single Malt Club China has worked hard to promote Scotch whisky for a decade and now has nearly 5000 members throughout China. It also works with 31 of our distilleries so the support for our industry is clear, and this fund will allow Chinese whisky connoisseurs to invest in some of Scotland’s finest and rarest drams.
“I’d like to thank them for their commitment to increasing the awareness of our national drink and I hope this new Whisky Experience Centre will continue that trend. We value their efforts in promoting Scotland, our iconic products and our culture and look forward to working with them to continue this relationship.”
Since it was set up in 2005 the Single Malt Club China has seen it’s value grow every year. In 2014 the club imported around 60,000 bottles of single malt and it’s expected that this will rise by 20% in the following year.
If you want to find out more information on investing in single malt Scotch whisky, then click here. There’s information on what to look for when choosing the best malt whisky to invest in.