On Monday 17 of December 2018, the ABBL held its second “ABBL meets members” dedicated to the Chinese banks present in Luxembourg.
Guy Hoffmann, Chairman of the ABBL, highlighted during his introductory speech the longstanding diplomatic and business relations between China and Luxembourg. Mr Hoffmann also pointed out the that the reinforced presence of Chinese banks, reflects the openness of the Chinese economy in general.
According to Claude Marx, Director General of the CSSF, the large audience, composed of various financial services professionals, demonstrates the high interest of the Luxembourg financial community to further deepen the ties with China.
The first panel dedicated to the Chinese economy, has been moderated by Jörg Ackermann, Consulting Partner at PwC Luxembourg, and composed of:
- Luc Neuberg, Chairman of the Board of ALRiM
- Stefan van Geyt, Group Chief Investment Officer at KBL epb
- Kaiyu Yang, Deputy General Manager at ICBC (Europe) SA.
During the lively discussion, topics such as GDP development and sources of growth, trade issues between China and the US as well as the opening of the Chinese economy and financial markets have been raised.
The second panel, moderated by Amanda Yeung from EY Luxembourg, has focused on the business models and the range of services provided by Chinese banks in Luxembourg. It was composed of:
- Wen Jiang, Deputy General Manager, Agricultural Bank of China Luxembourg
- Shuren Zhang, General Manager, Bank of Communications (Luxembourg) S.A.
- Xi Zhang, Deputy General Manager, China Construction Bank (Europe) S.A.
- Guangyu Xiao, Assistant General Manager, China Everbright Bank (Europe) S.A.
- Yongzhao Fang, Chief Operation Officer, China Merchants Bank Luxembourg Branch
- Li Li, General Manager, ICBC (Europe) S.A.
- Zhang Xiaolu, Deputy General Manager, Bank of China (Luxembourg) S.A.
The panel’s participants presented each bank’s characteristics and explained how non-Chinese players can cooperate best with Chinese institutions.
Communicated by the ABBL
By Benoît Cerfontaine, Adviser to the CEO and International Affairs
Publié le 20 décembre 2018