It is a pleasure to present you the third edition of our magazine dedicated to China.
Since the second edition there have been a lot of things going on in respect of bilateral trade and business opportunities between Luxembourg and China. Luxembourg continue to reinforce its position as the Pan European gateway and investment hub with China.
China Everbright Bank officially started their business operations on September 2017, and it is the seventh Chinese financial institution to choose Luxembourg for its European continental headquarter. China’s Legend Holdings struck a deal on September 2017 to buy a 90 percent stake in Banque International à Luxembourg (BIL). Ant Financial (Alipay’s parent company) announced that they would be establishing their European headquarters in Luxembourg, during the 2018 LFF mission in China. The three cases are crucial steps in implementing the Belt and Road Initiative.
The Luxembourg government and other institutions promoting Luxembourg in China as a European platform for Belt and Road Initiative has done a lot of efforts. All the sectors benefice from this initiative, an ambitious development program to increase connectivity among Eurasian countries: from the finance, logistic, to ICT. ChinaLux will continue to contribute as a platform for boost the bilateral business between Luxembourg and China.
You will read in these magazine articles written by talented experts, which have directly or indirectly a strong link with China and the latest trends in our business with China.
As this magazine belongs to you we would like to encourage you to participate in its content. We rely on your expertise and would like to share it with the readers for our next edition.
Wishing you a pleasant reading.
President of CHINALUX Chamber of Commerce