Luxembourg is an international financial centre within the euro zone, serving as an important gateway for Chinese banks and companies to enter the EU single market.
Luxembourg provides for a well diversified financial industry supported by an innovative and competitive legal framework, enhancing the provision of financial and legal services in relation to, among others: i) banking and international loans; ii) investment funds and asset management; iii) private equity; iv) structured finance; v) insurance and reinsurance; and vi) wealth management. Inbound and outbound investments made via Luxembourg also benefit from a large network of double tax treaties, including with China.
A number of Chinese banks have chosen Luxembourg as a platform for their lending and asset management activities in Europe. Luxembourg is also the largest RMB centre in the euro zone and the government actively promotes Luxembourg as an RMB hub with respect to the clearing and settlement of RMB.
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Alex Schmitt is the senior partner at Bonn & Schmitt, a firm in Luxembourg, and practises in banking and finance.
Andreas Heinzmann is a partner in the banking and finance and capital markets group of Bonn & Schmitt.
Marcus Peter is a partner at Bonn & Schmitt and specialises in corporate law, investment funds law, and banking and finance.
They can be contacted on +352 27 855 or by email at email@example.com, firstname.lastname@example.org, or email@example.com, respectively.