RMB business triples at HSBC Luxembourg

The value of RMB business at HSBC Luxembourg has tripled in one year according to Country CEO, Nigel Fielding. With RMB 62bn in loans granted by banks in Luxembourg, roughly RMB 40bn in deposits and almost RMB 22bn invested funds domiciled in the Grand Duchy, Nigel Fielding tells LFF why Luxembourg now ranks first amongst the centres handling RMB business in Europe.