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News Review

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 securities market.

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Luxembourg in the top 10 performing countries for ICT

Luxembourg is ranked 7th country in Europe and 9th worldwide when it comes to leveraging information and communication technologies (ICTs) for social and economic impact, according to the latest Global Information Technology Report pubished by the World Economic Forum.

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