The Luxembourg community welcomed yesterday's the announcement by Minister Gramegna of China Merchants Bank confirmation of the plan to set up a headquarter office in  the Grand Duchy. The news were also welcome in China, as reported by China Daily. 

Short English summary:

"In the first day at a conference held in Beijing of (Luxembourg, China’s hub in Europe), Luxembourg's Finance Minister Mr. Pierre Gramegna announced that China Merchants Bank had already decided to start the process of setting up  headquarters in Luxembourg. This  reinforces the significant position of Luxembourg as RMB trading center in Europe."

与会中国人民银行货币政策二司副司长郭建伟说“相信和祝福卢森堡人民币业务发展得更美好”。近年来卢森堡人民币业务取得令人瞩目的成果，格拉美亚大臣表示，中国招商银行已经决定在卢森堡开始启动设立公司的流程。