ChinaLux News

ChinaLux News (169)

Thursday, 31 May 2018 00:00

CHINALUX Celebrates 5th Anniversary

On 31st May 2018, CHINALUX gathered with members and friends at the Luxembourg Chamber of Commerce to celebrate its 5th Anniversary.

 

The celebrations commenced with words of welcome from Jeannot Erpelding, Luxembourg Chamber of Commerce, Director International Affairs.

 

Messages and well wishes were then shared with the attendees from: H.E. Mr. Étienne Schneider, Deputy Prime Minister, Minister of the Economy, Minister of Internal Security, Minister of Defence; H.E. Mr. Pierre Gramegna, Minister of Finance; H.E. Mr. François BAUSCH, Minister of Sustainable Development and Infrastructure; and H.E. Mr. Marc Hübsch Ambassador of the Grand Duchy of Luxembourg. Following, Luc Decker, Consulate General of Luxembourg in Shanghai, Consul General and Luxembourg Trade and Investment Office, Executive Director, shared insights from Shanghai.

 

CHINALUX President Dirk Dewitte, Vice President Zhu Jun XIE, and Director Mikkel Strørup then mentioned some of their many experiences as founders of the chamber over the past five years. Most notably, they outlined the development and further deepening of China-Luxembourg relations during this time and what this has meant for the evolution of CHINALUX.

 

Additionally, it was announced that CHINALUX have launched the China-Luxembourg Factsheet, which outlines the key facts and figures in terms of trade, demographics and "milestones" of China-Luxembourg relations.

 

From all at CHINALUX, we wish to sincerely thank our partners, founding members and members for witnessing the development of CHINALUX. Thank you for your continued support!

 

Press:

Delano (Photo Gallery): 2 CHINESE FIRMS TO ANNOUNCE LUX MOVE

Lëtzebuerger JournalCinq bougies pour ChinaLux

PaperjamDeux entreprises chinoises vont s’établir au Luxembourg

Le QuotidienLe Luxembourg rassure la Chine

Chronicle.lu: Chinalux Celebrates 5th Anniversary

Monday, 04 June 2018 14:38

China-Luxembourg Factsheet Launched

It’s with great pleasure that CHINALUX announces the launch of the China-Luxembourg Factsheet!

 

With the aim of bringing together the key facts, figures and milestones of China-Luxembourg relations, it is our hope that the China-Luxembourg Factsheet will serve as a useful tool for CHINALUX members and the wider China-Luxembourg business community alike.

 

For further information regarding the China-Luxembourg Factsheet, to submit suggestions for future content, and for all general inquiries, please contact This email address is being protected from spambots. You need JavaScript enabled to view it. .

 

Download your copy of the China-Luxembourg Factsheet here.

Thursday, 29 March 2018 15:26

Spring Newsletter Published

The ChinaLux spring Newsletter was published on 29 march 2018. 

Click here to view the newsletter and read the latest in ChinaLux news!

Sunday, 25 February 2018 00:00

Mondorf Chinese New Year Gala 2018

CHINALUX were delighted, alongside the Luxembourg Chamber of Commerce, Centre de Langue et de Culture Chinoise du Luxembourg, the Trier Confucius Institute, and under the patronage of the town of Mondorf, to support the Sinolux Schengen Culture Communications A.S.B.L. Chinese New Year Gala on 25 February 2018.

 

The 700+ guests were delighted with a performance of Clair de Lune à la Montagne He-Lan by artists from the Yinchuan Art Theater. The evenings proceedings were led by CHINALUX board director Mikkel Strørup as co-MC of the event.

 

Our thanks to Sinolux Schengen Culture Communications A.S.B.L. for a wonderful night of celebrations, as well as our Board representatives, members and guests who attended and supported the event.

 

Press / Photo Gallery:

Thursday, 22 February 2018 00:00

Chinese New Year Reception - Year of the Dog

On 22 February 2018, together with the Luxembourg Chamber of Commerce and the Hong Kong Economic and Trade Office in Brussels, CHINALUX hosted the annual Chinese New Year Reception at the Luxembourg Chamber of Commerce in Kirchberg.

 

Bringing in the Year of the Dog, this flagship event in the CHINALUX calendar welcomed a full-capacity room of guests. Speeches were delivered by Mr. Carlo Thelen, Director General, Luxembourg Chamber of Commerce, H.E. Mr. Pierre GRAMEGNA, Minister of Finance, H.E. Mr. HUANG Changqing, Ambassador of People's Republic of China in Luxembourg, Mrs. Shirley Lam, Special Representative for Hong Kong Economic and Trade Affairs to the European Union, and Dirk Dewitte, CHINALUX President.

 

Following, the students of the International School of Luxembourg (ISL) delighted the guests with Chinese instruments performances and songs, after which guests were welcomed to a cocktail reception.

 

We wish to take this opportunity to thank our colleagues from the Luxembourg Chamber of Commerce and the Hong Kong Economic and Trade Office in Brussels for yet again a wonderful reception. We'd also like to thank our members and friends who attended and supported the event. 

 

Press / Photo Gallery: 

On 6 February 2018, the performance " Les Moines du Shaolin " was organised by la commune de Hesperange and the Chinese Embassy in Luxembourg.

 

It was a fantastic evening, made even brighter with CHINALUX board director Jacques Bortuzzo acting as event MC!

 

Press / Photo Gallery: 

Tuesday, 30 January 2018 00:00

BRIC Event 2018

On 30 January 2018, the BRIC Event 2018 was held in partnership by the Luxembourg Brazil Business Council, the Luxembourg-Russia Business Chamber, the Indian Business Chamber of Luxembourg and CHINALUX, together with LPEA.

 

Entitled "BRIC infrastructure investment", the event this year began with words of welcome from the BRIC Chambers' Presidents and organisers, followed by an opening speech by the Minister for Sustainable Development and Infrastructure of Luxembourg, François Bausch, and a presentation on the topic of green bonds by Julie Becker, Luxembourg Stock Exchange. A panel discussion then addressed the topic of BRIC infrastructure investment and Luxembourg, moderated by Sascha Bremer, Luxembourg for Finance.

 

CHINALUX were delighted to have in attendance the H.E. Mr. Huang Changqing, Chinese Ambassador to Luxembourg.

 

After the formal proceedings, guests were treated to a networking walking dinner, with cuisine from the BRIC countries.

 

Press / Photo Gallery:

Thursday, 21 December 2017 10:48

Festive Season Newsletter Published

The ChinaLux Festive Season Newsletter was published on 20 December 2017. 

Click here to view the newsletter and read the latest in ChinaLux news!

Friday, 08 December 2017 18:00

CHINALUX 2017 Advisory Board Meeting

The 2017 CHINALUX Advisory Board meeting took place on the 6th December 2017 at the Chamber of Commerce Luxembourg. 

We wish to thank all of the Board Members for a very productive meeting and discussions on the CHINALUX 2018 strategy and plan. Thank you also to our Executive Board leaders for attending the meeting and presenting the latest updates and planning.

We look forward to the start of 2018, and to implementing the suggestions and guidance of the CHINALUX Advisory Board.  

 


On 10 November 2017, the Chamber of Commerce of the Grand Duchy of Luxembourg and the China-Luxembourg Chamber of Commerce (CHINALUX) held the fourth and final event in their co-hosted event series on China’s Belt & Road Initiative (BRI)*.  The BRI is an economic and foreign policy initiative, through which China endeavours to establish a network of intercontinental trade and infrastructure projects, with an aim to forge new economic corridors between China, Eurasia, and beyond. Entitled “What does China’s BRI mean for Luxembourg?”, the seminar focused on the opportunities for the finance sector in Luxembourg under the BRI, and emphasised the importance of grasping the ambition, width, and depth of the initiative.

 

In his welcoming speech, Jeannot Erpelding, Director of International Affairs at the Chamber of Commerce of the Grand Duchy of Luxembourg, noted the on-going promotion of the BRI amongst the Luxembourg business community, and outlined the key China-Luxembourg government and business exchanges thus far in 2017. Most notably, he mentioned the visit to China by Xavier Bettel, Luxembourg Prime Minister, accompanied by Pierre Gramegna, Minister for Finance, and François Bausch, Minister of Sustainable Development and Infrastructure, in June this year on the occasion of the 45th anniversary of diplomatic relations between China and Luxembourg.

 

Continuing the welcome remarks, Dirk Dewitte, CHINALUX, President, outlined the previous seminars of the event series, noting that it’s been a challenging task to define the BRI throughout the series, as it has continued to develop and increase in scope since its launch in 2013 by Chinese President Xi Jinping. He stated that despite any confusions on the definition and scope, what has been clear throughout the event series is the BRI is a very ambitious initiative.

 

Next, Bo Ji, Assistant Dean of Global Executive Education & Chief Representative for Europe at Cheung Kong Graduate School of Business (CKGSB), delivered his presentation on the topic of the impact of the BRI to European financial sectors.** He reiterated Dirk Dewitte’s comment about the BRI’s definition, and argued the BRI could become the largest infrastructure project to date. Moreover, he discussed the importance of understanding one element of the BRI in particular, that is, “connectivity”, noting that the BRI currently involves over 65 countries, which account for 29% of global GDP. Additionally, the Chinese government anticipates its trade with the countries along the BRI routes will exceed US$2.5 trillion per year within the next decade.

 

A second key message in Bo Ji’s presentation was understanding the importance of the BRI for the Chinese government, as highlighted at China’s 19th NPC National Congress last month. More specifically, the BRI is strategically important for the Chinese government from a geopolitical and global leadership perceptive. Bo Ji then presented his thoughts on Luxembourg’s role under the BRI, within the context of the potential impacts to Europe more generally, namely for commercial banks, private banks, the fund industry, and the stock exchange.

 

Following Bo Ji’s presentation, Sascha Bremer, Luxembourg for Finance, Market Intelligence Advisor, led the panel discussion, and brought the views of senior representatives and industry players in the Luxembourg banking, fund, stock exchange, and FinTech sectors on the potential opportunities under the BRI to the forefront.

 

Lyu Ke, Bank of China Luxembourg, Deputy Head of Corporate Banking & Director of Chinese Corporate and Acquisition Finance Division, noted the support of and for Chinese banking in Luxembourg within the context of BRI cooperation. Similarly, Yves Maas, Luxembourg Bankers' Association (ABBL), Chairman, noted that Luxembourg offers a complete ecosystem for financial services, and as such is the ideal hub for Chinese banks to enter the European market and beyond.

 

Michael Pechner, Luxembourg Stock Exchange, Chief Commercial Officer, expressed that Luxembourg and the Luxembourg Stock Exchange can potentially boost BRI finance, for example, by offering access to investors, credibility, transparency and reliability. He noted that given the track-record of Luxembourg, for example in the supporting of the internationalisation of the RMB, it’s clear Luxembourg can play an important role for the BRI. Similarly, Camille Thommes, Association of the Luxembourg Fund Industry (ALFI), Director General, noted that Luxembourg has been a front runner in supporting many initiatives. He also echoed Bo Ji’s reference to “connectivity”, stating that Luxembourg connects the world, and indeed has an interest to act as a connecting hub.

 

Turning the focus to FinTech, Ning Wang, PingPong Europe, Co-CEO & PingPong Financial Group Companies, President, explored the importance of FinTech for the BRI, and called for Luxembourg to be the next Hangzhou. When asked whether he views Luxembourg, or his company and other companies in Luxembourg, as playing a role in the BRI, he responded, “yes, absolutely, that’s why I’m here.”

 

Delivering a concluding speech, Pierre Gramegna, Minister for Finance, expressed that we are still not fully understanding the width and depth of the BRI. He presented the long-term approach for the BRI, and added that the logistics, ICT and finance sectors will be key to the success of the initiative. Most importantly, the Minister noted that the importance of the BRI for the Chinese government was illustrated when the initiative was written in the constitution of the Communist Party of China at the National Congress last month. The BRI is a “generational matter”, and is here stay for the long-term.

 

The Minister also outlined that Luxembourg have a strong relationship with China, and a long-time friendship, noting his visits to China this year. He shared key insight into his engagement with the Chinese Finance Ministry, who have expressed they are eager to deepen cooperation in the implementation of the BRI, and that there will be continuing exchanges on the initiative. It was within this context that the Minister summarised that it is clear that Luxembourg will play an important role in the future success of the BRI, “not only for China and not only on the silk road, but also in Europe and in particular Luxembourg.”

 

The seminar concluded with a networking lunch, bringing together the speakers and participants, and offering an opportunity to continue discussions in an informal setting.

 

Press Articles:

Press Articles:   Le Quotidien: La Voix d'un Développement Ambitieux

Lëtzebuerger Journal: Une route, des ambitions 

Luxembourg Wort: China's Belt and Road Initiative and Luxembourg's financial centre

 

* Full Event Series: Throughout the course of the China's Belt & Road Initiative (BRI) Event Series (formerly referred to under the now less commonly used English translation of "One Belt One Road"), CHINALUX and the Chamber of Commerce of the Grand Duchy of Luxembourg have endeavored to introduce and explore the opportunities for Luxembourg under the initiative, with events following the launch highlighting opportunities and experiences in the Luxembourg logistics, ICT and finance sectors.  

 

**Presentation Slides: Please email Bo Ji to request a copy of the slides for his presentation “Impact of Belt & Road Initiative to European Financial Sectors”: boji2025(at)gmail.com 

 

2017-11-10-OBOR-ChinaLux-PG-2 

Jeannot Erpelding, Director of International Affairs at the Chamber of Commerce of the Grand Duchy of Luxembourg, delivers his welcome speech.

Copyright: Chamber of Commerceof the Grand Duchy of Luxembourg

 

2017-11-10-OBOR-ChinaLux-PG-14

Pierre Gramegna, Minister for Finance, delivers the concluding speech.

Copyright: Chamber of Commerceof the Grand Duchy of Luxembourg

 

2017-11-10-OBOR-ChinaLux-PG-8

Panel Discussion - left to right: Sascha Bremer, Luxembourg for Finance, Market Intelligence Advisor; Lyu Ke, Bank of China Luxembourg, Deputy Head of Corporate Banking & Director of Chinese Corporate and Acquisition Finance Division; Yves Maas, Luxembourg Bankers' Association (ABBL), Chairman; Ning Wang, PingPong Europe, Co-CEO & PingPong Financial Group Companies, President; Michael Pechner, Luxembourg Stock Exchange, Chief Commercial Officer; Camille Thommes, Association of the Luxembourg Fund Industry (ALFI), Director General.

Copyright: Chamber of Commerceof the Grand Duchy of Luxembourg

 

Bo Ji Minister Gramegna 

 

Left to Right: Ms. Zhujun Xie, CHINALUX, Vice-President; Amanda Yeung, CHINALUX, Vice-President; Bo Ji, Assistant Dean of Global Executive Education & Chief Representative for Europe at Cheung Kong Graduate School of Business (CKGSB); Pierre Gramegna, Minister for Finance; Jeannot Erpelding, Director of International Affairs at the Chamber of Commerce of the Grand Duchy of Luxembourg; Dirk Dewitte, CHINALUX, President.

Copyright: Chamber of Commerceof the Grand Duchy of Luxembourg

 

 

 

 

Page 1 of 13