ChinaLux

ChinaLux

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

 

Source: Chamber of Commerce of the Grand Duchy of Luxembourg: On 7 March 2017, the Luxembourg Chamber of Commerce in partnership with the China-Luxembourg Chamber of Commerce (ChinaLux) and the Luxembourg Cluster for Logistics held a seminar entitled “Down the Road – Logistics and China’s One Belt One Road Initiative”. This seminar was the second in the event series on the OBOR initiative*, an intercontinental trade and infrastructure project focused on forging new economic corridors between China and Eurasia. Focused on the logistics sector, the event included a panel discussion to explore the potential opportunities for Luxembourg in that field. More than 120 participants attended the event.

In his opening speech, Jeannot Erpelding, Director of International Affairs at the Luxembourg Chamber of Commerce, introduced the subject and claimed that, in his opinion, Luxembourg is undoubtedly an early bird and active player on the OBOR initiative. Indeed, Luxembourg is not only the first European founding member of the Asian Infrastructure Investment Bank, but Cargolux and CFL Multimodal are also already connecting the continents and playing the important role of transporting goods between China and Europe.

François Bausch, Minister for Sustainable Development and Infrastructure, reminded the audience about the importance of the European market for China, since Europe remains its biggest export market. He stressed the economic ties between China and Luxembourg that have been developing steadily in the recent years, especially in the logistics sector, amongst others, thanks to the successful collaboration between HNCA and Cargolux established in 2013. Logistics is one of the key sectors for the Luxembourg government. Therefore, the government is continuously striving to improve its regulatory and administrative framework. For Minister Bausch, infrastructure projects are one of the most important activities of the OBOR initiative and in this context, he insisted that an intelligent coordination between the OBOR initiative and the Juncker Plan is needed. There is a fierce competition in Europe to attract Chinese freight trains, but the Minister is convinced that Luxembourg has a card to play, the ultimate challenge being to put Bettembourg on the map.

Then, Daniel Liebermann, Director of Logistics at the Ministry of the Economy, delivered a keynote speech where he explained in more detail what the OBOR initiative exactly means as far as the logistics sector is concerned. The initiative is in fact the centerpiece of China’s long term strategy to establish international cooperation between all countries on the route of the “new Silk Road”, Europe and China being the end of lines. Daniel Liebermann emphasised that China is no longer a new market, as Luxembourg is indeed celebrating 45 years of bilateral relations with China in 2017.

Malik Zeniti, Cluster Manager of the Luxembourg Cluster for Logistics moderated the panel discussion with 4 experts from the logistics sector in Luxembourg: Barbara Chevalier, Director Strategy & Business at CFL Multimodal, Christoffel Niel, Vice-President of Sales at Cargolux, Axel Quadt, Managing Director at Schenker Luxembourg and Ludger Evrart, Managing Director at Creactive Studio and China Digital Branding. After brief companies presentations, each panelist described the potential opportunities and threats linked to the development of the new Silk Road. There are 3 main types of long-distance transportation for goods: airways, waterways and railways. Each of them has advantages and disadvantages in terms of delivery time, price, and volume. Since one of the objectives in the framework of the OBOR initiative is to improve the railway infrastructure between China and Europe, it will certainly make the freight train option more competitive compared to the other alternatives, knowing that currently 88% of all the goods in the world trade are transported by sea. The questions for the panel ranged from the demand on the Luxembourg amd the Chinese markets and their future developments (e.g. expected growth of number of trains per year) to the obstacles and challenges the panellists are facing in terms of customers, infrastructures, etc. The panellists were also asked what kind of support they expect from the government. Barbara Chevalier sees it as an opportunity rather than a threat, since it means CFL multimodal will be able to welcome more trains from China provided that the infrastructures are improved. With regard to warehousing capacities in Luxembourg, many more containers from China can be accommodated, and via Bettembourg, CFL Multimodal can connect to most of the major European cities. Also, with the growing middle class in China, she hopes that exports from Europe to China will increase which might in turn benefit the activities of CFL multimodal. According to Christoffel Niel, the competition for Cargolux will of course increase, but competition is healthy for the business. The goods valuation and the delivery timeframe requested by the customers will be key in differenciating service providers. Even with improved infrastructures in railway, the airfreight will remain the fastest mode. As of today, 2800 trains circulate yearly between China and Europe and the objective of the OBOR initiative is to increase this number to 5000 trains. Yet, according to Axel Quadt, this will be a real challenge as infrastructure is currently not ready for more trains, especially at the border with Belarus and Poland. Moreover, in the coming years, Poland announced important works on its railway network, which will make it difficult to grow the train capacities simultaneously. Major investments will be required to further expand the railway network and meet the proposed increased capacity. Another major risk pertaining to the project pertains to the political stability in some countries that the New Silk Road is crossing.

After the panel, participants had the chance to ask a few questions that animated the debate and which kept going during the networking cocktail that concluded the event. Dirk Dewitte, President of ChinaLux, delivered a closing address, and welcomed the seminar participants to join the upcoming seminars in the OBOR event series on ICT and finance.

For Luxembourg Logistics key players interested in China, the next important event is already programmed with the trade mission to Zhengzhou and Hong Kong that will be organised in the second semester 2017.

 

*Full Event Series: Throughout the course of the One Belt One Road (OBOR) event series, ChinaLux and the Chamber of Commerce will endeavor to introduce and explore the opportunities for Luxembourg under the OBOR initiative, with events to follow the launch of the initiative, highlighting opportunities and experiences in the Luxembourg logistics, ICT and finance sectors. To hear about the upcoming events, please sign-up to the ChinaLux mailing list (http://china-lux.lu/enewsletter), and watch the ChinaLux and Chamber of Commerce events announcements for more details.

 

Photo: Copyright Chamber of Commerce

 

The Chamber of Commerce, in collaboration with the Luxembourg Trade and Investment Office - Shanghai, has the pleasure to invite you to join a Benelux ‘E-commerce trade mission’ to China, organized by global E-commerce leader Alibaba Group on 16-17 March at its headquarter in Hangzhou.

As said by its slogan, ‘Globe trade starts here’, Alibaba Group (https://www.alibaba.com/) provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. Today, with the booming E-commerce in China, its web portals as Taobao, Tmall, as well as its online payment system as Alipay showcase the advantages of exporting to China through Alibaba while being based in Luxembourg.

The Chamber of Commerce of Luxembourg is pleased to inform you that Alibaba offers to the selected invitees a two days’ exclusive meeting program on 16-17 March, 2017 (see attachment), which is an exceptional opportunity to learn more about the e-commerce in China and discover the advantages of exporting to China through Alibaba. The participant companies will be invited to B2B-meetings with Alibaba’s sourcing team. Possible tailor-made programs will be provided for all participants willing to prolong the business experience in Shanghai.

If you are interested in participating to the Trade Mission, please contact Ms. Na Shi, International Affairs, Chamber of Commerce of the Grand Duchy of Luxembourg by Tel: (+352) 42 39 39 364 or by E-mail This email address is being protected from spambots. You need JavaScript enabled to view it. before 6th February 2017.