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RQFII quota granted to Luxembourg
The People's Bank of China has
announced the granting of a 50 bn RMB RQFII quota to Luxembourg. The
RQFII (RMB Qualified Foreign Institutional Investor) scheme was launched
in Hong Kong in 2011 and has been expanded to other jurisdictions since
2013 enabling offshore RMB to be reinvested into the Mainland securities
market.
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Luxembourg in
the top 10 performing countries for ICT
Luxembourg is ranked 7th country in
Europe and 9th worldwide when it comes to leveraging information
and communication technologies (ICTs) for social and economic impact,
according to the latest Global Information Technology Report pubished by
the World Economic Forum. The report assesses 143 countries worldwide.
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Luxembourg
delegation visits Canada
A financial delegation headed by HE
Pierre Gramegna, Luxembourg Minister of Finance, was in Toronto and
Montréal to promote closer collaboration between Luxembourg and Canada in
financial services. The delegation was composed of 40 senior
representatives from the Luxembourg financial services sector.
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Net assets under
management in funds reach record net sales
Luxembourg retains its position as the
leading European investment fund domicile with EUR 3,524.79bn of net
assets under management, growing 13.89% so far in 2015.
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The Financial
Times: Luxembourg unshaken after tax regime overhaul
In an interview with The Financial
Times, Luxembourg Finance Minister Pierre Gramegna spoke about
Luxembourg’s know-how and ability to adapt further to its commitment to
tax transparency.
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The success of
small countries and markets
In the report “Success of Small
Countries Report” published by Crédit Suisse, small developed states are
considered as economically more successful that their larger peers,
importantly, they tended to be more globalised. Luxembourg leads the
globalization ranking with a score of 0.97, followed by Singapore, Switzerland
and Hong Kong.
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Unlocking the
potential of E-commerce
Small European countries top the
ranking of 130 economies according to their readiness for
business-to-consumer (B2C) e-commerce, according to the latest UNCTAD
study “Unlocking the Potential of E-commerce for Developing Countries”.
The study shows that the highest e-commerce readiness is found in
Luxembourg, Norway and Finland.
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Datacenter
Luxembourg gets the label “Made in Luxembourg”
Datacenter Luxembourg has been
awarded the label “Made in Luxembourg”. This label acknowledges the
datacenter's high-quality standards.
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Luxembourg for
Finance publishes its Annual Report 2014
Luxembourg for Finance is pleased to
publish its annual report 2014 presenting its activities in the fields of
Market Intelligence, Communications and Events.
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