Swiss and Chinese Join Cooperation To Finance Belt and Road Projects

May 16, 2019 (EIRNS)—The Swiss bank Vontobel announced this morning that it will launch a new preferential financial index in cooperation with China Construction Bank International Asset Management (CCBIAM), to ease investments in projects of the Belt and Road, which will include investments in China’s renminbi currency.

“The in-depth knowledge of the Chinese government’s initiative and outstanding investment capabilities with local expertise enable CCBIAM to identify leading companies in various industries that could benefit from investment and stimulus in the context of the Belt and Road Initiative,” Vontobel said in its statement.

Cooperation of this kind in the banking sector was discussed during the state visit to China of Swiss President Ueli Maurer, who toured Beijing, Shanghai and Chengdu before and after the April 25-27 Belt and Road Forum, which he attended.