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Par Grégory Weber, director, PwC Luxembourg
Over the past decade, we have seen how the People’s Republic of China (“PRC”) has taken active measures to liberalise its currency and make the renminbi (“RMB”) an international trade and investment currency. Case in point: foreign investors have been allowed to access Chinese capital markets through programmes like the Qualified Foreign Institutional Investor (“QFII”), the RMB-QFII (“RQFII”) and, more recently, Stock Connect.
As RMB is gaining traction as a global currency, global investors are increasingly looking for related investment opportunities. What’s in it for Luxembourg? How can the Luxembourg fund industry make the most of its position as a gateway for global investors to invest in...
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