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."



Tuesday, 01 July 2014 12:45

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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.