What the Media Says
French banks, civil engineers and luxury retailers have long had a presence in Hong Kong, but now a new breed of young people are seeking to make their mark on the city. The FT’s Jennifer Thompson talks to some of the new wave of entrepreneurs.
Raphaëlle Eloy, an Economic Counselor and Trade Commissioner, said Wednesday that Macau is becoming a hub for the cultural and tourism industry. She also believes that more French nationals are attracted to the MSAR due to its booming economy.
Feature about the appeal of the French Art of Living to foreigners written by Sophie Lamigeon. Article published in Offrir International (N°449) in September 2014.
France now ranks 5th worldwide as a leading offshore RMB center, and 1st in the Eurozone with more than 22% payments made between France and China/Hong Kong denominated in RMB.
The European Central Bank (ECB) and the People’s Bank of China (PBC) have agreed to establish a bilateral currency swap arrangement to purchase and subsequently repurchase Chinese yuan and euro from each other. The swap agreement, which will be valid for three years, will have a maximum size of 350 billion yuan when yuan are provided to the ECB and of €45 billion when euro are provided to the PBC.
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