connectingglobal investors

with chinaFIND OUT WHY LUXEMBOURG

IS A LEADING INTERNATIONAL RENMINBI HUB

RMB Pioneer

201 1

Volkswagen launches first European RMB denominated bond at LuxSE

201 3

Luxembourg regulator authorises first RQFII UCITS fund

The European Centre for Dim Sum Bonds

ORIGIN OF RMB BOND ISSUERS IN LUXEMBOURG Q2 2019 (% BY NUMBER OF BONDS)

EVOLUTION OF RMB LISTED BONDS IN LUXEMBOURG Q2 2019 (AS OF JUNE 30, 2019)

United States 19.3 %

Other 5.0 %

Hong Kong 2.5 %

Luxembourg 2.5 %Honduras 2.5 %

Germany 10.9 %

Netherlands 6.7 %

Philippines 2.5 %

United Kingdom 4.2 %Switzerland 5.9 %

Australia 11.8 %

France 10.9 %

United Arab Emirates 15.1 %

0

30

60

90

120

20122013

20132014

20142015

20152016

20162017

20172018

20182019

2639 40 42 45

53 59

8190

115 117 119122 123

Number of bonds

Source: Luxembourg Stock Exchange

Source: Luxembourg Stock Exchange

201 4

British Columbia issues first foreign government RMB bond - listing at LuxSE +++ CSSF confirms acceptance of investments into CIBM as fulfilling requirements of UCITS for regulated markets +++

LUXEMBOURG'S MARKET SHARE IN DIM SUM BONDS* (% BY NUMBER OF BONDS)

Luxembourg 25.6 %Other 6.9 %

Ireland 5.8 %

Taiwan 15.1 %

Germany 8.2 %

Hong Kong 7.1 %

Singapore 9.5 % UK 21.9 %

Date of Data:June 2019

LARGEST DIM SUM BOND ISSUERS ON THE LUXSE

Source: PwC Market Research Centre based on Luxembourg Stock Exchange, Bloomberg

* Primary listing exchange only. Exchanges in scope: Luxembourg, London, Euronext-Paris, Berlin, Frankfurt, Düsseldorf, Stuttgart, SIX, Hong Kong, Singapore, Taipei, Dublin, Vienna, Tokyo and Australia.

Home of RMB Investment FundsEVOLUTION OF RMB ASSETS HELD WITHIN LUXEMBOURG DOMICILED INVESTMENT FUNDS (RMB BILLION)

050

100150200250300350400

174.8 170.3 280.5 286.6 354.4

32.6 27.9 33.3 34.2 36.5

2015 2016 2017 2018 2019 Q10.4 0.4 0.5 0.4 1.7

207.8 198.6

314.3 321.2

392.6

Equity instruments

Debt instruments

Other instruments

Source: CSSF

MAIN DOMICILES OF RQFII FUNDS IN EUROPE (Q2 2019)

Listing of first RMB bond by a Mainland China company in the Euro-zone on LuxSE (BoC’s “Schengen” Bond) +++ Designation of ICBC as RMB clearing bank in Luxembourg +++ CSSF authorises first Luxembourg UCITS to trade through Shanghai-Hong Kong Stock Connect

UK

5166

597

57

54

39

Ireland

France

Liechtenstein

LuxembourgAuM in EUR mn

201 5

50bn RMB RQFII quota granted to Luxembourg +++ First global use of CIPS for yuan clearing transaction from China to Luxembourg

TOP 10 RMB ASSET MANAGERS IN LUXEMBOURG

201 6

BoC becomes first Chinese financial institution to list a Green Bond on the LuxSE

Leading the Way in Mainland China Investments

Luxembourg 79.6 %

Ireland 16.4 %

Sweden 0.4 %Finland 0.5 %

UK 1.5 %

Other 1.7 %

Sources: PwC Market Research Centre, Lipper

Luxembourg 32.4 %

USA 18,2 %

Republic of Korea 7.1 %

Hong Kong 17.0 %

Ireland 6.7 %

UK 0.6 %

Japan 2.7 %

Taiwan 10.5 %

Cayman Islands 1.6 %Thailand 1.1 %

Other 2.1 %

Sources: PwC Market Research Centre, Lipper

Note: The charts include mutual funds and ETFs with a geographic focus on China (excluding China domiciled funds).

201 8

First ever green bond issued through Bond Connect Scheme and listed at LGX

201 7

Shenzhen Stock Exchange and LuxSE launch CUFE-CNI Green Bond Index Series to provide synchronous quotes between China and Europe

ORIGIN OF GLOBAL INVESTMENT FUNDS INVESTED IN MAINLAND CHINA (% BY AuM, END OF JUNE 2019)

ORIGIN OF EUROPEAN INVESTMENT FUNDS INVESTED IN MAINLAND CHINA (% BY AUM, END OF JUNE 2019)

China’s Gateway to Europe

CONTINENTAL HUB FOR MAJOR CHINESE BANKS

PREFERRED HUB FOR MAINLAND AND HONG KONG BASED FUND PROMOTERS

Luxembourg –Your European Renminbi Hub

↗ Largest global domicile of investment funds investing into Mainland China

↗ Leading European RMB and RQFII fund centre↗ Largest global Dim Sum bond listing centre

↗ 2nd largest global investment fund centre↗ European Fund Passport↗ LuxSE: Europe’s largest securities listing exchange ↗ Home to leading post-trade services provider Clearstream↗ Highly skilled multilingual workforce ↗ AAA credit rating

USEFUL CONTACTS

www.alfi.lu

www.bourse.lu

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