ChinaLux News

ChinaLux News (169)

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。

Tuesday, 01 July 2014 12:45

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关注我们的新浪微博官方账号-中国卢森堡商会,即时获得关于卢森堡的时事动态!不要错过皮埃尔·格拉梅尼亚(卢森堡财政大臣)率领的代表团在华的最新消息哦!

Luxembourg's financial mission to China is giving us a lot of reasons for optimism these days. Today, it was the turn of the Luxembourg Association of Investment Funds, who have just signed a Memorandum of Understanding with the Asset Management Association of China. A win-win for both. Congratulations!

Trade with China will very soon enjoy the benefits of an additional RMB clearing spot in Europe: the Grand Duchy of Luxembourg. Both countries' Central Banks have just laid out the preparation work with the signature of a landmark Memorandum of Understanding. 

 

Following an announcement made by Luxembourg law firm Arendt & Medernach, Ashmore Investment Management Limited (Ashmore) has received approval from the Luxembourg regulator (the CSSF) for the first Luxembourg R-QFII UCITS managed by a R-QFII manager based outside Greater China.

 

The Luxembourg Stock Exchange has signed a memorandum of understanding (MoU) with the Bank of China that involves the creation of a strategic partnership between the two companies. According to the MoU, the Luxembourg Stock Exchange and Bank of China intend to cooperate in the listing of a wide range of securities. They also aim to promote Luxembourg as the ideal venue for international listings and to develop financial activities related to the internationalisation of the Chinese renminbi (RMB). Watch the video of the signing ceremony on 19, June 2014.

Founder Member Cargolux's efforts finally deliver the launch of the first flight to Zhengzhou.

As announced, our educational event on the Shanghai Pilot Free Trade Zone took place yesterday Wednesday 11th of June with the valuable support of Founder Members PWC and LinkLaters. Our gratitude to both of them and to all those who attended and made it memorable with their present and contribution. We look forward to new gatherings like this one. More on this to come soon. 

The latest video from Luxembourg For Finance, two minutes to tempt you to be part of the future.