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CHINA BUSINESS


Ever since the opening of China’s capital markets, different channels with Europe have been multiplied and have grown considerably in volume. Today, we are more interconnected in this respect than ever before. As one of the EU’s leading financial centers, Luxembourg has a key part in this story, being home to the European hubs of seven Chinese banks, who support both Chinese and international clients in developing their global business.

LUXEMBOURG,
A LEADING EUROPEAN RMB CENTRE

7

Chinese banks have chosen Luxembourg as the location of their EU continental hub

RQFII

It is possible to use quotas with a Luxembourg fund structure (e.g. UCITS)

LuxSE is the global leading exchange for the listing of Dim Sum Bonds

80.3%

of European funds investing in Mainland China are domiciled in Luxembourg

largest global domicile of funds investing in Mainland China

Preferred hub for Mainland China and Hong Kong fund promoters

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  • CONNECTING CHINA AND EUROPE

    China Merchants Bank (CMB), China Everbright Bank (CEB) have chosen Luxembourg as their principal European domicile. Bank of Singapore has also opened a wealth management subsidiary in Luxembourg

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  • INVESTMENT FUNDS

    Luxembourg is the global hub for cross-border investments and a gateway for Chinese investment flows

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  • RMB DENOMINATED BONDS

    As a result of the internationalisation of RMB, the Dim Sum Bond market has grown since its inception and the Luxembourg Stock Exchange (LuxSE) is a one of the leading exchanges for the listing and trading of these instruments

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  • CLEARING AND SETTLEMENT

    Since 2013, the PBoC began to designate overseas subsidiaries of Chinese banks to act as offshore RMB clearing banks. In Luxembourg, ICBC Luxembourg Branch functions as the official RMB clearing bank.

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  • PAYMENTS

    Alipay, originally a payment channel for the Alibaba e-commerce platform, and WeChat pay, growing out of a popular Chinese social messaging service, have emerged as giant providers of e-wallets in China.

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