Vontobel, together with a subsidiary of China Construction Bank, is the first to launch a financial product that enables investors to participate in the development of the Belt and Road Initiative.
Vontobel has partnered China Construction Bank International Asset Management (CCBIAM), a subsidiary of China Construction Bank (CCB) to launch tracker certificates on the «Vontobel Belt and Road Index, advised by CCBIAM» for both private and institutional investors.
«We are confident that this will be the start of a long-term cooperation at various levels between Vontobel and CCB. I am particularly pleased that, as a specialist provider of investment products, we are playing a pioneering role with the launch of the index and the equity certificates based on it in Europe,» Roger Studer, head of Vontobel Investment Banking, said in a media statement on Thursday.
Local Expertise
CCBIAM will use its in-depth knowledge of the Chinese government's initiative and investment capabilities to identify leading companies in various industries that could benefit from investment and stimulus in the context of the Belt Road Initiative (BRI). The certificate also gives investors indirect access to A-shares, which are traded in renminbi and listed on the Shanghai or Shenzhen stock exchange.
The BRI represents the largest infrastructure and trade project in the world, covering some 119 countries and affecting around 65 percent of the world's population. Some 7,000 infrastructure projects are currently planned up to 2050. China has already signed cooperation agreements with over 105 countries and provides liquid funds for project financing through its own state banks and funds.
