LuxSE, China Everbright Bank Announce Collaboration

On Friday 26 May 2023 the Luxembourg Stock Exchange (LuxSE) has announced having signed a Memorandum of Understanding (MoU) with China Everbright Bank during the Luxembourg financial mission to Beijing.

This MoU marked the first steps towards building bridges between Chinese capital markets and international investors, and towards progressing the sustainable finance agenda.

The official signing ceremony took place on Wednesday 24 May 2023 in China Everbright Bank’s headquarters in Beijing, China. Julie Becker, CEO of LuxSE, commented: “We are pleased to enter into this cooperation with China Everbright Bank. Cross-border collaboration is key to more connected and sustainable capital markets. We look forward to working with China Everbright Bank to help link Chinese issuers and international investors and advance the sustainable finance agenda in international capital markets.”

The purpose of the MoU is reportedly to establish a framework of cooperation between the two institutions in the field of listing and trading of a broad range of financial instruments issued by Chinese entities, including sustainable securities, and joining forces to develop sustainable finance activities which contribute to China’s stated goal of reaching net zero emissions by 2060.  This MoU focuses specifically on strengthening the international visibility and transparency of green, social, sustainability and sustainability-linked (GSSS) bonds.

President of China Everbright Bank, Mr Wang Zhiheng, noted at the signing ceremony: “Luxembourg is an important international financial centre and serves as a bridge to European markets. China Everbright Bank stands ready to further strengthen exchanges and broaden cooperation with Luxembourg in the financial sector. This MoU is an opportunity to promote green finance cooperation both between China and Luxembourg, and China and Europe, and offer comprehensive financial services to Chinese enterprises with global ambitions.”

Established in 1992, China Everbright Bank is a listed joint-stock commercial bank. Since then, the bank has worked to promote its international presence and in 2017, China Everbright Bank became the seventh Chinese bank to set up overseas offices in Luxembourg.

LuxSE has a strong focus on international cooperation and works closely with selected exchanges around the world to form more connected capital markets and to facilitate access to the international investment community for issuers across the world.  

LuxSE’s platform for sustainable finance, the Luxembourg Green Exchange (LGX), now encompasses over 1,700 sustainable bonds raising a total of €890 billion for sustainable development across the world, issued by 270 issuers in 55 countries. LGX displays sustainable securities in 40 different currencies.