📋 Tender Overview
The Minister of Finance, Gilles Roth, visited China from 4 to 14 January 2025 as part of a financial mission with Luxembourg for Finance (LFF) to strengthen relations between Luxembourg and China.
In this context, Gilles Roth had a constructive bilateral exchange with his Chinese counterpart, Lan Fo'an, as well as with the Governor of the People's Bank of China, Pan Gongsheng, in Beijing. The Minister of Finance also met with Li Yunze, Minister and Governor of the National Financial Regulatory Administration (NFRA), as well as with the Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, and the Chairman of the Asian Infrastructure Investment Bank (AIIB), Jin Liqun.
Stability and responsiveness as Luxembourg's major assets
Finance Minister Gilles Roth commented: "The major assets highlighted by our Chinese partners are, on the one hand, Luxembourg's political stability and, on the other hand, Luxembourg's responsiveness, in particular in adapting our legislation to new developments in the financial sector."
During his trips to Beijing, Shanghai, Hangzhou and Hong Kong, Gilles Roth met with leaders of the Chinese financial sector. At a reception organised by Luxembourg for Finance in Shanghai, the Minister of Finance emphasised that "Luxembourg wants to remain open to investment from around the world. It is also essential for us to create a favourable environment to attract new players in the financial world. China remains an important market for the future in this respect." In Shanghai, the Minister also had bilateral meetings with the Vice Mayor of Shanghai, Xie Dong, and the Vice Governor of Zhejiang Province, Zhang Yanyun.
Great potential for the future of our bilateral relations
The financial mission concluded with the Asian Financial Forum (AFF) which took place from January 13 to 14 in Hong Kong. This leading exchange platform brings together several thousand visitors from more than 50 countries and regions, particularly around themes such as fintech, financial innovation and sustainable finance. The minister participated in a roundtable on reviving global growth and was able to establish contacts with representatives of the insurance sector.
Gilles Roth also had positive discussions with the Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chang, and the Chief Executive Officer of the Hong Kong Monetary Authority, Eddie Yue. The cooperation between China and Luxembourg aims to be a bridge between Asia and Europe. Luxembourg remains a leading strategic partner for China with seven of the largest Chinese banks having their European headquarters in Luxembourg.
And to conclude: "Our financial mission has made it possible to intensify our bilateral relations which present great potential for the future that we want to exploit. We need growth at the global level, in particular to face the challenges of tomorrow in the green and digital transition. Luxembourg can play a key role in facilitating cross-border investments connecting the Eastern and Western worlds."
