April 2015

RQFII quota granted to Luxembourg

Today, 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 [...]

The first refugees arrived from Greece to Luxembourg

Solemn ceremony of sending the first 30 participants of the program of resettlement of refugees took place in Greece. At seven in the morning from Athens international airport, refugees were sent to Belgium where they will go to Luxembourg — a country which currently holds the presidency of the European Council. The [...]