Chinese and Luxembourg officials at LuxSE; Credit: LuxSE

On Wednesday 26 November 2025, the Luxembourg Stock Exchange (LuxSE) announced the listing of a €4 billion sovereign bond from the Ministry of Finance of the People’s Republic of China on its Euro multilateral trading facility (MTF).

Following an official visit from Guo Tingting, Vice Minister of Finance of the People’s Republic of China, to the Grand Duchy one week earlier, the new issuance represents the latest chapter in a relationship that began in 1994, when China’s first international sovereign bond was listed on the Luxembourg market.

According to LuxSE, this bond reflects China’s commitment to deepening economic collaboration between financial centres in Europe and Asia and builds on three decades of partnership between both countries.

The new sovereign bond was jointly arranged by Bank of China, Bank of Communications and Standard Chartered, underscoring cooperation between Chinese and European financial institutions. Representatives from the three banks noted the strategic importance of the transaction in reinforcing China-Luxembourg financial collaboration.

Minister Tingting stated: "China's first launch of sovereign bonds in Luxembourg demonstrates China's firm determination to advance high-standard opening up. It is of great significance for enhancing international investors' confidence and stabilising market expectations. It will further promote the development of China-Luxembourg bilateral relations, and will help deepen economic, trade and financial cooperation and ties between China and Luxembourg, and further between China and Europe.”

Julie Becker, CEO of LuxSE, commented: “We are honoured to welcome the People’s Republic of China back to LuxSE with this important sovereign issuance, and to have celebrated its listing on our markets in the presence of China’s Vice Minister of Finance Ms Guo Tingting. This listing reflects China’s commitment to international capital markets and the prominent role LuxSE continues to play as the leading listing venue for sovereign issuers when tapping into international bond markets.”

China’s partnership with Luxembourg has expanded significantly in recent years. LuxSE now lists a wide range of bonds from Chinese issuers and also serves as a platform for sustainable and green finance between the two markets.

EO