ChinaLux

ChinaLux

On 13 June 2017, the CHINALUX general assembly elected a new Executive Board. We are delighted to announce the 2017 Executive Board Election results:

 

Jacques Bortuzzo

Yuncheng Chen

Jan Clement 

Christina Coustry-Brocker 

Dirk Dewitte 

Sami Douénias 

Hui Gao 

Nicki Kayser 

Tatjana Kiefer

Fredrik Koerfer

Alain Lam 

Emily Le Vaillant

Jack Mudde

Cong Peng 

Changcheng Qin

Christine Rehfeldt

Diana Senanayake

Mikkel Stroerup

Yi Wang 

Zhujun Xie 

Amanda Yeung

Wayne Zhan

Xiaolu Zhang

Sissi Zhao 

 

On 13 June 2017, the ChinaLux "General Meeting and Cocktail Reception” took place at the DoubleTree by Hilton Hotel. This year the general meetings involved an Annual General Meeting (AGM) as well as an Extraordinary General Meeting (EGM). During the Annual General Meeting (AGM), the new ChinaLux Executive Board were elected.

 

Please watch this page for the following, upcoming announcements and details:

- A press release announcing the new Executive Board

- The minutes of the AGM and the EGM

 

In the meantime, if you would like to receive further information or have any questions, please do not hesitate to contact us.

On 29 May 2017, the Benelux Chamber in Commerce in China, in collaboration with the Benelux Union, ChinaLux, Belgian-Chinese Chamber of Commerce (BCECC), and Moore Stephens Consulting China, held a special event "A Changing Chinese Economy, What does it mean for the Benelux?" at the Benelux Union.

 

Mr. Frederik Berckmoes-Joos, Chief Strategy Officer at Moore Stephens, presented the results of this year's Sino-Benelux Business Survey. This survey is conducted across different regions in China, including Beijing, Shanghai and Guangzhou/Shenzhen, and asks the Benelux business community via questionnaire and in-depth interviews about their performance and expectations in China.

 

About the Sino Benelux Business Survey

During previous year’s business survey, we learned that despite the slowdown of the Chinese economy, Benelux businesses were still performing well. Some were even beating the market with revenue growth above 10% and good profit levels. On the other hand, still some challenges remained. Rising salary costs has been one of the major negative drivers of Benelux companies, also they have indicated increasing rules and regulations would impact their company. Many changes happened again in 2016, including regulatory, foreign exchange and tax reforms, we have seen increasing focus on domestic consumption and rapid development of new industries based on new technologies (e-commerce, mobile payments, V.R etc.). Also, other global developments might impact geopolitical and economic balances and as a result Benelux companies active in China. 

 

Please click here to view the result of the Sino Benelux Business Survey

 

Thursday, 23 March 2017 00:00

Spring Newsletter Published

The ChinaLux Spring Newsletter was published on 23 March 2017.

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

Friday, 09 December 2016 00:00

Festive Season Newsletter Published

The ChinaLux Festive Season Newsletter was published on 9 December 2016. 

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

Tuesday, 26 July 2016 00:00

Pre-Summer Break Newsletter Published

The ChinaLux Pre-Summer Break newsletter was published on 26 July 2016. 

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

Wednesday, 15 February 2017 00:00

Chinese New Year Reception - Year of the Rooster

On 15 February 2017, together with the Chamber of Commerce of the Grand Duchy of Luxembourg, the Hong Kong Economic and Trade Office in Brussels, ChinaLux hosted the annual Chinese New Year Reception at the Chamber of Commerce, Kirchberg. Bringing in the Year of the Rooster, this flagship event in the ChinaLux calendar welcomed a full-capacity room of guests.

Speeches were delivered by Mr. Carlo Thelen, Director General, Chamber of Commerce of the Grand Duchy of Luxembourg, H.E. Mr. Xavier Bettel, Prime Minister of the Grand Duchy of Luxembourg, 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 Centre de Langue et de Culture Chinoises du Luxembourg (CLCCL) delighted the guests with performances of a lion dance, a Chinese song and a tea ceremony, after which guests were welcomed to a cocktail reception.

We wish to take this opportunity to thank our colleagues from the Chamber of Commerce of the Grand Duchy of Luxembourg and the Hong Kong Economic and Trade Office in Brussels for yet again a wonderful reception, and we look forward to the celebrations in 2018!

 

Press: Chronicle, Paperjam (Photo Gallery), Delano (Photo Gallery)

 

Photo: Copyright Chonicle.lu

 

Thursday, 16 February 2017 00:00

Chinese New Year Gala - Sinolux

ChinaLux were delighted, alongside the Chamber of Commerce of the Grand Duchy of Luxembourg and under the patronage of the town of Mondorf, to support the Sinolux Schengen Culture Communications A.S.B.L Chinese New Year Gala, which took place on 16 February 2017. Guests were delighted by a special dinner and show, with acrobatics, magic, kung fu, and lion dance to name just a few, and were led through the evening by Mikkel Strørup, ChinaLux Vice President, 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 and Members who attended and supported the event.

 

Press: Tageblatt (Photo Gallery), Revue (Photo Gallery), ChinaNews (Chinese), European Times (Chinese)

 

Photo: Copyright Tageblatt

 

On 14 March 2017, the Indian Business Chamber of Luxembourg (IBCL) held an event to explore the draft Law (n°6992) introduced by the Luxembourg government in 2016 and adopted on 8 February 2017, pertaining to residence permits for third-country nationals. ChinaLux were delighted to have the opportunity to be a supporting Chamber of the event, alongside the Brazilian and Russian Chambers, and to welcome our Members to join the event.

 

The event commenced with a welcome and introduction by Louis Thomas, Partner KPMG, followed by a panel discussion on the attractiveness and practicalities of the adopted draft Law. The speakers and panellists provided numerous insights, and the IBCL will keep the event attendees up-to-date as new information becomes available and the Law is published by the Luxembourg government in the coming months.

 

Press: Luxemburger Wort, Paperjam, IBCL Photo Gallery

Presentation: IBCL Website

 

Photo: Copyright Paulo Lobo / IBCL

 

On 14 March 2017, together with the Luxembourg Private Equity & Venture Capital Association (LPEA), the representative body of private equity and venture capital professionals in Luxembourg, ChinaLux held a conference entitled "Luxembourg, a European gateway for China: update on Private Equity and M&A". The first conference to explore exclusively Luxembourg's role in inbound and outbound investments between China and Europe, the event brought together speakers from China and Luxembourg to share their insights on the growing importance of Luxembourg as bridge connecting China and Europe, looking specifically at the Private Equity and M&A sectors.

Jérôme Wittamer, LPEA President, and Dirk Dewitte, ChinaLux President, welcomed the full-house of attendees to the conference. Following, speeches were delivered by Cedric Carnoye, Managing Director Hong Kong desk Deloitte, and Lorenzo Stanca, Managing Partner Mandarin Capital Partners, on the topic of China investing abroad. Addressing the state of the market for Private Equity in China, Julien Kinic, Co-founder and Managing Partner IDI Emerging Markets, then explored the Private Equity industry in China, outlining the main sectors and players, as well as the challenges. The next speaker, Alain Kinsch, Country Managing Partner EY Luxembourg, Head of EY Chinese Overseas Investment network, presented his view on Luxembourg as a bridge between Europe and China, exploring the past 12 months of Private Equity and M&A acquisitions made by China into the EU. Next, Lin Fengyun, Executive Vice President, Global Banking Dep., ICBC Head Office Beijing, China, presented a testimony from a Chinese bank, and more specifically, explored the role of Chinese banks for Private Equity and M&A transactions.

The speeches were followed by a Roundtable. Dirk Dewitte acted as moderator, and was joined by a panel of leading experts in the Luxembourg-China Private Equity and M&A fields: Lorenzo Stanca, Managing Partner Mandarin Capital Partners, Dan Choon, Dyan S.à r.l., Katia Panichi, Partner EHP, and Julien Kinic, Co-founder and Managing Partner IDI Emerging Markets.The Roundtable discussions explored topics such as why Chinese companies use Luxembourg for structuring a transaction, the attractiveness of Luxembourg vehicles to structure Private Equity and M&A transactions, and the experiences of a PE/VC house investing in China, to the transfer of technology between Europe and China. The conference finished with a networking reception, offering the attendees an opportunity to further discuss questions and topics from the speeches and Roundtable discussion.

 

Press: Delano, LPEA Photo Gallery

 

Photo: Copyright LPEA