Luxembourg Looks East in Quest for Assets - Presented by: The Aol. On Network

Luxembourg - a tiny landlocked country with a reputation as a tax haven. But as it steps up reform to make its banking and regulatory regime more transparent, it's looking for more business and it's looking towards China. It already has the largest pool of Chinese yuan deposits in Europe and dozens of yuan-denominated bonds listed on its exchange. We met up with Finance Minister Pierre Gramegna who led a delegation of 70 executives to China this week and asked him about the challenges ahead.



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