Big plans in Little China: Luxembourg steals a march in the race to become Europe’s renminbi centre

By:
Duncan Kerr
Published on:

Forget about the Belgian dentists and German doctors of old. Today, Luxembourg’s streets are filling with Chinese bankers. They see the Grand Duchy as a hub for their European operations – not least for trading and settlement of the renminbi. Are London, Frankfurt and Paris in danger of being left behind?