Date
11 December 2017

Luxembourg seeks renminbi deals, investment quota, paper says

Luxembourg Minister of Finance Pierre Gramegna said his country will benefit from an official clearing and settlement bank for yuan transactions and a quota for qualified foreign institutional investors in the renminbi, China Daily reported Thursday. Gramegna will visit China in June or July to discuss the matter with the Chinese government. He made the remarks during the Luxembourg Renminbi Forum, a one-day event featuring 300 financial experts from all across Europe, and the first of its kind in Luxembourg, the report said.

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