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      Pierre Gramegna meets the Chairman of the China Banking Regulatory Commission

      Pierre Gramegna meets the Chairman of the China Banking Regulatory Commission

      Minister of Finance, Pierre Gramegna, received on 10 January 2014 the Chairman of the Banking Regulatory Commission of China (CBRC), Mr. Shang Fulin.

      The meeting provided an opportunity to discuss the latest developments in European Union banking law and other current issues.

      Pierre Gramegna highlighted the leading role of the Luxembourg financial centre in the expansion strategy of Chinese banks and commended the excellent cooperation between China and Luxembourg.

      The Minister underlined that strengthening Sino-Luxembourg cooperation was a priority for the new government. The government will continue to pursue initiatives to make Luxembourg the first offshore Renminbi centre in Europe and establish Luxembourg as the first cross-border investment hub between Europe and China.