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mardi 13 août 2013
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Minister Luc Frieden on RMB Business in Luxembourg

Why does Luxembourg want to become the RMB Center for the Euro Zone?   Luc Frieden: The diversification and internationalisation of our financial sector is one of my main objectives. In order to do so we have undertaken a series of initiatives in Europe, the Middle East, Asia as well as in the United States. The process of the internationalisation of the Renminbi - and more specifically the role the Luxembourg financial centre can play within the euro area to support that process - is today a unique opportunity we want to seize.   The competition in the financial world for being part of the RMB trading system is very intense. How is Luxemburg positioned?   Luc Frieden: I think Luxembourg is particularly...
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