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China's equivalent to Paypal is to open its European offices in Luxembourg, it was revealed on Thursday.
If successful, five of the six largest Chinese banks will have European offices in Luxembourg. “With these new financial players from China, Luxembourg will also further increase its leadership as a European Renminbi hub,” the minister said.
Via Gust MEES
China's equivalent to Paypal is to open its European offices in Luxembourg, it was revealed on Thursday.
If successful, five of the six largest Chinese banks will have European offices in Luxembourg. “With these new financial players from China, Luxembourg will also further increase its leadership as a European Renminbi hub,” the minister said.