On 14 January 2016, China Construction Bank Zurich Branch (“CCBZB”) celebrated its opening and the initiation of the RMB clearing hub in Zurich. CCB Vice President Xiusheng Pang, former Chinese ambassador in Switzerland Jinghu Xu, president of Swiss National Bank Thomas Jordan, director of Department for Economic Affairs of Canton Zurich Carmen Walker Späh, mayor of city Zurich Corine Mauch, and more than 200 guests from different industries in Switzerland participated in the opening ceremony.
As the first Chinese bank in Switzerland, establishing a branch in Zurich was a key step for China Construction Bank (CCB) to carry out its global transformation and to extend its European network. A better branch network and service capabilities of CCB in Europe enable the provision of high-quality and efficient financial services to Chinese companies in Switzerland and Swiss companies locally.
CCBZB is focusing on corporate clients, primarily medium and large Chinese enterprises overseas and high-quality Swiss companies with close trade and investment relationships to China. The products and services include settlement, clearing, business loans, trade finance, treasury business, RMB Qualified Foreign Institutional Investors (RQFII) and other banking products.
As the leading RMB clearing bank in Switzerland, CCBZB is carefully fulfilling its duties, offers efficient and practical RMB clearing services and RMB liquidity support, advances an active and organized offshore market for RMB trading and makes a positive contribution to the economic and financial cooperation between China and Switzerland.
Situated in Switzerland, CCBZB benefits from the well-known brand of the CCB Group, its broad customer base, its network of institutions, and from the increasing trade and investment relations between China and Switzerland to become a competent financial institution with excellent reputation, which is able to offer both Chinese and Swiss companies safe, practical, high-quality and efficient financial services.
