Expansion
Luxembourg: China's inroads into European banking
Grand Duchy grows in importance as hub for Chinese banks in Europe
When China Investment Corp bought European warehouse firm Logicor last year in an eye-watering €12.25-billion deal, the sovereign wealth fund reportedly turned to Bank of China and China Construction Bank for a €6.8-billion loan.
As Chinese companies shop for targets in Europe, the firepower of the country's banks is helping to support their expansion.
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