Group photo;
Credit: Patrick Goettmann
On Friday 26 June 2026, the Luxembourg Stock Exchange (LuxSE) announced that the Ministry of Finance of the People's Republic of China had issued a new €5 billion euro-denominated sovereign bond, which will be listed on the exchange's Euro MTF market.
The issuance was marked by a Ring the Bell ceremony at LuxSE, attended by China's Vice Minister of Finance, Song Qichao, Luxembourg's Minister of Finance, Gilles Roth, representatives of the Chinese Embassy, Bank of China, Bank of Communications, Crédit Agricole CIB and Luxembourg for Finance (LFF).
“I am confident that China and Luxembourg will continue to move forward hand in hand, build bridges for dialogues between China and Europe, and jointly write a new chapter in China-Europe financial cooperation,” said Mr Song Qichao, Vice Minister of Finance of the People's Republic of China.
“We are honoured to welcome the People's Republic of China back to LuxSE with this new sovereign issuance. Today's ceremony, held in the presence of Vice Minister of Finance Mr Song Qichao, marks another milestone in the long-standing relationship between China and Luxembourg,” said Pierre Schoonbroodt, Deputy CEO and CFO at LuxSE.
The new bond follows China's €4 billion sovereign bond listing on LuxSE in November 2025 and continues a partnership that began in 1994, when China listed its first international sovereign bond on the Luxembourg exchange.
According to LuxSE, the issuance reflects China's continued use of international capital markets while strengthening financial links between Europe and Asia. The exchange noted that the listing reinforces Luxembourg's position as a preferred venue for sovereign issuers seeking access to international investors.
The €5 billion issuance was jointly arranged by Bank of China, Bank of Communications and Crédit Agricole CIB.
LuxSE added that it now lists a broad range of bonds from Chinese issuers and continues to support cooperation between Europe and China, including in sustainable finance.
“Bank of China is honoured to have participated in this landmark transaction. As the most internationalised Chinese bank and the first major international banking group to establish its European headquarters in Luxembourg, Bank of China remains firmly committed to advancing financial cooperation between China, Luxembourg and Europe,” said Liu Jiandong, Chairman, Bank of China (Europe) S.A.
“In 2015, Bank of Communications set up a subsidiary in Luxembourg and has since served the European market for over a decade. As a global systemically important bank and an official listing agent at the Luxembourg Stock Exchange, BOCOM has provided quality financial services to Chinese and European firms while promoting the listing of Chinese bonds in Luxembourg,” said Yin Jiuyong, Executive Vice President, Bank of Communications Co, Ltd.
“This dual-listing approach is seen as a sophisticated strategy to deepen cross-continental capital markets integration and signals China's long-term commitment to European capital markets,” said Olivier Bélorgey, Deputy Chief Executive Officer and Finance Director, Crédit Agricole CIB.
