China-Luxembourg: West to East fund processes
Romil Patel speaks to market actors about a wide range of issues, from ‘ManCos’ to ESG investing.
As far as finance goes, China and Luxembourg’s relationship can be traced back to the Bank of China’s establishment of an overseas branch in the Grand Duchy in 1979.
Since then, it has increasingly become the European hub of choice for no less than seven Chinese banks. At the same time, early active engagement with Chinese authorities on policies to internationalise its capital markets and currency has put Luxembourg in pole position when it comes to accessing Chinese securities. As a result, it is widely considered the gateway to the EU for Chinese financial institutions.