After Italy, Luxembourg officially joined the BRI during Xavier Bettel’s visit to China. Luxembourg looks to become the financial gateway of the BRI.
Since 2015, Europort-Lorraine has planned to develop rail transportation from China. A test convoy had left Chengdu on July 13, 2018, but this line needs improvements.
The Chinese group “Legend Holdings” is about to buy 90% of “Banque internationale à Luxembourg” (Bil, International Bank in Luxembourg) from Qatar’s Precision Capital. The announcement was made on September 1, 2017. To be finalized, this 1.5 billion euro acquisition