ChinaLux News

ChinaLux News (174)

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)

 

According to Luxembourg's Government promotion agency Luxembourg for Business, Luxembourg ranks second behind Singapore but before London in terms for RMB payments. Here are some graphs and figures from their website. 

On these same lines, Financial Times published a recent article gives an overview of the potential of  the RMB as a foreign currency. 

CHINALUX Founder Member Cargolux wil keep operating its China flights fro Findel as estated by Luxembourg Transport Minister Mr. François Bausch.

Cargolux China would be the name, operated from Luxembourg and with headquarters in Zhengzhou, as stated by CEO Dirk Reich.

European institutional clients want to get ahead of trends but they lack expertise to invest onshore. Citi'sre-domiciliation to Luxembourg of one of its UCITs funds is one example of the attempts made by asset managers to cater for this demand. See summary article on Asian Investor 

The Association for Chinese Lawyers in Europe (ACLE) is born, and they are delighted to invite you to their official inauguration ceremony, that will take place next 3 December 2014 at Le Royal. 

In order to put a mark on this memorable day, ACLE have kindly invited Mr. Jingzhou TAO, Chair, Commission on International Commercial Arbitration of ICC China; Managing Partner responsible for developing the Asia Practice, Dechert LLP, Beijing. He will address a topic of utmost importance for us all: 

China´s Outbound Investments in the EU – Are you ready ?

 

For more details and registration, click here

 

THIS EVENT IS SUPPORTED BY CHINALUX

 

At least this is the question that the survey conducted by Swiss bank Julius Baer and Bank of China puts on the table. Asian Investor makes an excellent summary of the results of the report, which go beyond Chinese wealthy investors' understanding (or not) of financial markets. A good read.

Friday, 10 October 2014 13:16

Luxembourg, a good place for doing business

Bank of China Hong Kong Asset Management and Citi, promote their BOCHK RMB High Yield Bond Fund transferred from Cayman to Luxembourg and domiciled as UCITs.

As reported here by Chronicle

Thursday, 09 October 2014 13:42

CHINA, the Magazine - Luxembourg Launch

CHINALUX in collaboration with 360 Crossmedia, has invited its members to the official launch of this pioneering Luxembourg publication. CHINA Magazine, will undoubtedly open new channels for communication and understanding between China and Luxembourg. CHINALUX is proud to participate in the editorial committee of this exciting magazine. We look forward to sharing this exclusive event with our members.

Not yet confirmed but if it this was eventually the case, the purchase would prove the attractiveness that Luxembourg does have for Chinese investors.