As part of his China trip, the president of Switzerland, Ueli Maurer, visited the headquarters of China Construction Bank. Swiss bank Vontobel launched a new product related to the Belt and Road Initiative.
Together with Herbert J. Scheidt, chairman of the board of directors of Vontobel and the Swiss delegation, they were warmly welcomed by senior executives of China Construction Bank (CCB), including Tian Guoli, chairman of CCB.
During that visit, CCB and Vontobel launched a financial product in Beijing as part of the Belt and Road Initiative (BRI) in the presence of Swiss President Ueli Maurer. The product tracks stock performances of companies that are likely to benefit most from the BRI.
Excellent Investment Capabilities
«CCB has excellent investment capabilities and is very familiar with the Chinese government's initiative. For this reason, CCB is responsible for formulating the investment strategy and the selection of companies for the index,» Vontobel's Scheidt said.
Vontobel is in charge of product structuring and distribution to eligible investors in Switzerland and several member states of the European Economic Area.
