Launching ceremony of ICBC Luxembourg Branch as RMB clearing bank (2)

Minister for Finances of Luxembourg Pierre Gramegna (R) and President of ICBC Jiang Jianqing shake hands at the launching ceremony of ICBC Luxembourg Branch as RMB clearing bank in Luxembourg City, Luxembourg, on Dec. 4, 2014. ICBC Luxembourg Branch was designed as RMB clearing bank in Luxembourg by the People's Bank of China in September. Luxembourg has the largest pool of RMB in the eurozone, and is also the major center for RMB investment funds and RMB bonds in Europe.(Xinhua/Wang Xiaojun)