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China Everbright Bank (CEB) has received approval to set up its subsidiary in Luxembourg. This strategic move will strenghten CEB’s operations in Europe and confirms Luxembourg’s position as the main gateway for Chinese banks into the European market. Established in 1992, China Everbright Bank is headquartered in Beijing and focused on corporate, treasury, investment banking, wealth management and mortgage businesses.
China Everbight Bank is the seventh Chinese financial institution to choose Luxembourg for its European continental hub. Due to its stable economic environment, the sound regulatory framework and its profound expertise in financial services and renminibi business, Luxembourg already serves as the continental hub for Agricultural Bank of China, Bank of...
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