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The EU and China have consistently strengthened their relationship across the financial services sector since the 2008-9 financial crisis, according to a joint study conducted by Luxembourg for Finance and PwC Luxembourg.
The report entitled: Beyond the challenges: the strength of Sino-European ties*, finds that Chinese investment into Europe has boomed from €6.1bn in 2010 to €79bn in 2018, with financial services representing the second largest investment sector.
Meanwhile, the volume of EU foreign direct investment (FDI) into China still far exceeds China’s investments into the Europe, growing at a compound annual growth rate (CAGR) of 6.7% since 2002, reaching €189.4bn in 2018, with a notable increase in the EU’s FDI allocation to China’s financial...
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