The SIX Swiss Exchange has landed its first Chinese member after a mainland-based investment bank joined.
China International Capital Corp.’s U.K. division became the first Chinese bank to become a member of the Swiss exchange, the investment bank said in a press release Friday. CICC UK, which was set up in 2009, is the central platform the investment bank uses for cross-border investment and financing services for its clients from Europe, the Middle East and Africa which are doing business in China, and for Chinese clients seeking cross-border investments in and financing from those regions, the release said.
Xinhan Xia, CEO of CICC UK, said becoming a member of SIX Swiss Exchange will allow the bank to better connect the capital markets and investors across China, Switzerland and Europe. In the statement, Xinhan said the step marked a «key milestone» in CICC’s European and international expansion.
CICC provides financial services to corporates, institutions and individuals globally, including in the equities, private equity, asset management and wealth management segments. SIX Swiss Exchange is Switzerland’s main stock exchange, with services in other securities, such as bonds and derivatives.
