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Luxembourg Stock Exchange signed today a memorandum of understanding (MoU) with Bank of China that involves the creation of a strategic partnership between the two companies. According to the MoU, Luxembourg Stock Exchange and Bank of China intend to cooperate in the listing of a wide range of securities. They also aim to promote Luxembourg as the ideal venue for international listings and to develop financial activities related to the internationalization of the Chinese renminbi (RMB).
Concrete actions have already been carried out by Luxembourg Stock Exchange and Bank of China in order to foster RMB business in Luxembourg. In May this year, Bank of China was the first mainland Chinese company to issue an RMB bond in the Eurozone. Its RMB “Schengen bond” was listed...
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