Luxembourg lining up for yuan quota

Luxembourg is banking on its strength in deposits, loans, investment funds and bonds in vying for a yuan investment quota. Photo: AFP

Luxembourg is lobbying Beijing for equal treatment with London, which was granted an investment quota last year allowing investors based there to invest their offshore yuan directly in the mainland's securities markets.

Wednesday, 12 February, 2014, 12:37am

Opening of China Construction Bank's European headquarters spurs Luxembourg's yuan hub hopes

Luxembourg has 24.5 billion yuan in dim sum bonds listed on its stock exchange. Photo: Reuters

Luxembourg hailed the opening on Tuesday of the European headquarters of a third Chinese bank, underlining the tiny country’s ambition to corner a larger share of Europe’s offshore yuan business.

30 Oct 2013 - 4:06pm

Crowned heads attend Luxembourg royal wedding

Stephanie, Hereditary Grand Duchess of Luxembourg (left) and Prince Guillaume, Hereditary Grand Duke of Luxembourg (right) after their wedding on Saturday. Photo: EPA

Crowned heads of Europe and ordinary citizens gathered on Saturday for Luxembourg’s biggest royal event in decades to see heir-to-the-throne Prince Guillaume wed Belgian countess Stephanie de Lannoy.

20 Oct 2012 - 8:43pm

HK's European double strengthens partnership

Luxembourg's status as a leading financial centre and a gateway for trade and investment in Europe will have immediate resonance for anyone familiar with Hong Kong's particular strengths and place in the commercial world.

22 Jun 2012 - 12:00am

Office opening bolsters ties

Hong Kong and Luxembourg have enjoyed long and successful co-operation in the field of funds and financial services, so it is perhaps something of a surprise that the Association of the Luxembourg Fund Industry (ALFI) has only recently opened its own representative office in town.

22 Jun 2012 - 12:00am

Country awaits its own royal wedding

Following the unions last year of England's Prince William and Catherine Middleton and Monaco's Prince Albert II and Charlene Wittstock, Luxembourg is eagerly awaiting its own royal wedding later this year.

22 Jun 2012 - 12:00am

Hidden gem can be easy to miss

Larger than Hong Kong but smaller than Samoa, the landlocked nation of Luxembourg is easy to overlook when compared with popular European destinations such as France, Germany and Italy. But tourism officials are hoping its central location and range of attractions will draw the growing number of mainland travellers.

22 Jun 2012 - 12:00am

Fortune smiles on trade links

With cranes stretching fore and aft, the Fortuna doesn't bear the sleekness of vessels that usually symbolise Hong Kong's connections to one of Europe's key financial centres. Instead of a corporate yacht, the 63,594-tonne, 300-metre pipe-laying barge is proudly flying the flag for business co-operation between Hong Kong and Luxembourg.

23 Jun 2011 - 12:00am

Punching above its weight

So diminutive -relative to its continental neighbours- that it is usually abbreviated to 'Lux' on maps of Europe, the Grand Duchy is often bypassed by visitors from the Asia-Pacific and elsewhere in favour of the better-known France, Germany and Italy.

23 Jun 2011 - 12:00am

Townhouse museum is a toast to wine making tradition

In the town of Ehnen, on the Luxembourg side of the River Moselle, which marks the border between the Grand Duchy and Germany, stands a stout Baroque-style townhouse that used to belong to an eminent local vintner, and generations of his forbearers. Since 1978, it has served as this tiny country's wine museum, and is a tourist attraction in Luxembourg's wine-producing region.

23 Jun 2011 - 12:00am

From fortress to prosperity

One of the more distinctive pavilions at the World Expo in Shanghai this summer belongs to Luxembourg. Taking the literal translation of the country's name into Chinese - lu sen bao - designers came up with a 'forest and fortress' theme, presenting some of Luxembourg's most salient characteristics, while simultaneously nodding to sustainable development.

23 Jun 2010 - 12:00am

Grand Duchy is Europe's high-flier

Just like Hong Kong, which plays a vital role as the gateway to the mainland, the Grand Duchy of Luxembourg acts as a major portal to the European Union.

23 Jun 2009 - 12:00am

A new chapter after dark past

Standing serenely in the Grund district of Luxembourg City, Neum?nster Abbey is not just a public meeting place and cultural centre, but one of the best examples in Europe of a building complex given new purpose after its primary function had receded into history.

23 Jun 2009 - 12:00am

Lights, cameras and action for filmmakers

A little-known fact outside Europe is that Luxembourg is a hub of international film production and - as a location - a movie star in its own right.

This sector of the economy has largely been made viable by the Film Fund of the Grand Duchy of Luxembourg, an official body that promotes, encourages and administers the country's filmmaking incentives and assistance schemes.

23 Jun 2009 - 12:00am

Treaty hailed as giant step towards profitable future

A new Double Taxation Agreement (DTA) between Luxembourg and Hong Kong will offer profitable opportunities and strengthen investment ties between China and the European Union, business representatives say.

23 Jun 2008 - 12:00am