Photo: China Construction Bank signs a memorandum of understanding with the Luxembourg Stock Exchange in Luxembourg, May 31.
BEIJING, June 6 (Xinhua) -- China Construction Bank (CCB, 601939.SH), one of China's four major state-owned commercial banks, signed a memorandum of understanding (MoU) with the Luxembourg Stock Exchange (LuxSE) on May 31, aiming at establishing a mutually beneficial framework of cooperation.
The two sides will collaborate in the fields of the internationalization of Renminbi, bonds, derivatives, investment funds, stocks and asset securitization. Against the backdrop of closer China-Luxembourg relationship and the deepening of China's opening up, the cooperation will help CCB enhance service capability and assist the LuxSE to tap into the Chinese financial market, said Tian Guoli, chairman of CCB.
The signing of the MoU carries forward the long-term bilateral partnership and represents a milestone for the LuxSE, stated Frank Wagener, chairman of the bourse, adding that both sides pursue client-focused and market-oriented business, and will join hands to build a bridge between international investors and the financial markets of China and Luxembourg.
CCB has always been a partner of the LuxSE. European commercial papers issued by China Construction Bank (Europe) S.A. and green bonds issued by China Construction Bank Corporation Luxembourg Branch were listed on the LuxSE.
The LuxSE is the largest exchange in Europe for the listing of international securities and a global leader in the trading of depository receipts. (Edited by Su Dan)
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