Photo: China Construction Bank (CCB) and Swiss bank Vontobel launch the Belt and Road financial product in Beijing, April 26.
BEIJING, April 30 (Xinhua) -- China Construction Bank (CCB) has recently unveiled the Belt and Road equity bill financial product jointly with the Swiss bank Vontobel in Beijing.
Herbert J. Scheidt, chairman of Vontobel, said that it is the first and only equity bill financial product tracking the stock performances of companies that are likely to benefit most from the Belt and Road Initiative (BRI).
Under the product, Vontobel acts as the bill issuer, market maker and is in charge of cash management, while CCB International serves as the product investment consultant and the CCB Zurich Branch acts as the sponsor and coordinator. The product will be listed on the stock exchanges in Switzerland, Germany, Austria, and Luxembourg and is open for sale to European individuals and institutional investors.
At the launching ceremony, Tian Guoli, chairman of CCB, said that Switzerland is the heart of Europe and an important financial center and financial technology center in the world. CCB has always attached great importance to the Swiss market. This product has injected new impetus into the financial cooperation between China and Switzerland. It has not only supported the Belt and Road construction, but also offered a new investment channel for investors in Switzerland and neighboring countries.
Tian also stressed that in the future, CCB will strengthen cooperation with financial institutions in Switzerland and around the world. By leveraging its advantages in infrastructure construction, CCB will fully support the construction of the major projects under the BRI and roll out more Belt and Road financial products to let global investors share the results of BRI financial innovation. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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