News Analysis: Since Luxembourg is very adept at running its affairs properly, Chinese Banks have expressed interest in locating some Operations there. To date, the Bank of China, China Construction Bank, and the Industrial and Commercial Bank of China have located in Luxembourg. Apparently, other Chinese Banks are considering enjoying the benefits of operating in a Well-run European Country.
Luxembourg is of 2,586 km2 (998 mi2) and a financially stable Country of 515,000+/- People. It enjoys its closeness to Belgium, France, and Germany. This country’s Gross Domestic Product amounts to $42+ Billion Dollars. Luxembourg reportedly has $1+ Trillion Dollars of Foreign Reserves and Gold Reserves.
The Wisdom of the 10,000 Year Old Culture of China helps its people see the benefit of seeking Long-Term Amiable Relationships with others. Who is better to fit this Categorization for Association with the Chinese than Luxembourg? Few, if Any.
Reality.
Reference: http://www.wort.lu/en/view/chinese-arms-company-invests-in-luxembourg-52e23332e4b0d04608bfb22f