ChinaLux News

ChinaLux News (169)

Gregory Weber, from CHINALUX Founder Member PWC, publishes an analysis on the success story behind RMB Funds, why Luxembourg is an excellent base for managing RMB assets and what could be the picture looiking forward.

CHINALUX Founder Member KPMG, shares with us this Tax Alert explaining the impact of the above procedure on tax payers and multi-national companies.

Link to KPMG tax alert

Denis Noonan, from CHINALUX Corporate Member Clearstream, gives us a brief summary of the latest developments on RMB internationalisation, from the Hong Kong Shanghai StockConnect, to Clearstream's own collaboration with ICBC to provide liquidity to the RMB market from Luxembourg. 

Thursday, 18 December 2014 14:32

Official 2015 Chinese Holiday Calendar Released

 

List here below (ON means days employees may be expected to work to make up for holidays). A printable Chinese calendar (no publich holidays) is available for download at the bottom of this article. 

 

 

New Year:

OFF: January 1-3 (Thu-Sat)

ON: January 4 (Sun)

Spring Festival:

OFF: February 18-24 (Wed-Tue)

ON: February 15 (Sun), February 28 (Sat)

Tomb-sweeping:

OFF: April 4-6 (Sat-Mon)

Labor day:

OFF: May 1-3 (Fri-Sun)

Dragon Boat Festival:

OFF: June 20-22 (Sat-Mon)

Mid-Autumn Festival:

OFF: September 27 (Sun)

National Day:

OFF: October 1-7 (Thu-Wed)

ON: Oct 10 (Sat)

 

 

Yesterday was indeed a good day for Luxembourg for the CHINALUX Founder Member ICBC.

 

This article also points out a few factors that UCITs considering jumping in, must bear in mind.

On Wednesday 12 November, CHINALUX Members had the privilege of participating on a exclusive private tour of the Luxembourg freeport, Le Freeport. Guided by no less than the Freeport's Managing Director Mr. David Arendt, they had the opportunity to understand the  potential of these unique Luxembourg-based facilities.

In order to implement a decision approved by the Members during their Annual General Meeting of 19 June 2014, NOTICE is hereby given that a second General Meeting (the "Second Meeting") of the China-Luxembourg Chamber of Commerce A.S.B.L. (CHINALUX) will be held at Le Royal on Wednesday 26 November 2014, at 17:00, with the following agenda:

  1. Welcome by the President
  2. Nomination of Secretary and Scrutineer
  3. Approval of the Agenda
  4. Presentation of Honorary Auditors’ Report
  5. Approval of Accounts for Social Year 2013 (report available for download here)
  6. Discharge of Honorary Auditors and members of the Executive Board

Voting

Pursuant to the Articles of Association of CHINALUX (art. 19) each Member has the right to one vote at the Meeting and decisions are taken by simple majority of votes of Members present or represented.

Representation by Power of Attorney will be possible after submission of the necessary Power of Attorney document signed by both the Principal and the Proxy. A copy of the Power of Attorney document can be downloaded here or obtained by sending a request to This email address is being protected from spambots. You need JavaScript enabled to view it.

 

IMPORTANT information related to voting by proxy:

  1. If you already voted by Proxy in the Annual General Meeting held on 19 June 2014, your Power of Attorney document will be valid for the Second Meeting as stated therein. CHINALUX will assume you wish to use the same Power of Attorney and vote by Proxy in the Second Meeting, unless you explicitly communicate to us your wish to proceed differently

  1. Each Proxy can only represent five Principals. CHINALUX will make the necessary verifications prior to the Meeting. Should your Proxy have surpassed the limit of 5 Principals, you will be contacted in order to choose an alternative Proxy.

 

For any additional information you require, contact:

China-Luxembourg Chamber of Commerce A.s.b.l.

Tel: 00352 27 85 8999

This email address is being protected from spambots. You need JavaScript enabled to view it.

(report available for download here)