Luxembourg stock exchange expands cooperation with Macao
The Luxembourg stock exchange has announced a new move to expand its cooperation with Macao, one of China’s Special Administrative Regions. The bourse said it will offer trading in securities listed on the Chongwa (Macao) Financial Asset Exchange Co. Ltd., commonly known as MOX, on its self-regulated Euro MTF market.
Luxembourg bourse open for trading in Chinese A-shares
The Luxembourg Stock Exchange has admitted China International Capital Corporation as a new trading and listing member with immediate effect. CICC will enable the indirect trading of shares listed on Shanghai the Shenzen stock exchanges via the Luxembourg bourse.
KfW breaks €50 bln threshold in LGX-listed green bonds
German state-owned bank KfW has become the first to have issued a total of more than 50 billion euro in green bonds on the Luxembourg Green Exchange, known as LGX, the Luxembourg Stock Exchange said. This achievement was marked by a LuxSE bell ceremony on Monday.
KfW issued its first green bond 8 years ago and has since issued about 100 green bonds, raising some 50 billion euro for green projects. Its significant green funding programme makes KfW one of the 10 largest sustainable bond issuers in the world.
‘Lack of taxonomy harmonisation leads to fragmentation’
The sustainable fund market in Luxembourg and other European fund domiciles has continued its strong growth of recent years, but the short-term impact of the Ukraine war has already disrupted the move to a green future. Still, positive developments are expected in the longer term. The latest updates were set out in the 2022 edition of the European Sustainable Investment Funds Study by Zeb and Morningstar on behalf of the Association of the Luxembourg Fund Industry.
Success keeps LuxSE autonomous from big players
A changing of the guard at the Luxembourg Stock Exchange, known as LuxSE, and strong results increases across the board were the theme at Wednesday’s Luxembourg Stock Exchange annual press conference.
Luxembourg supports single EU supervisor for markets
The European Union needs to establish a single supervisory body for financial markets in order to boost the development of market finance towards creating a true single European financial market and turning the widely-discussed Capital Markets Union plans into reality. “We should not hide away from some unpleasant truths,” said Yves Mersch, former ECB board member.
Luxembourg: becoming an ESG implementation hub?
Investors need clear, comparable information to understand sustainable investing. A range of new EU standards and reporting rules aim to facilitate this, but implementation will be challenging with a tight deadline. This gives the Grand Duchy an opportunity to create a lucrative niche to help bring these regulations to life.