China Construction Bank Corporation & Zurich Branch

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2 China Construction Bank Corporation & Zurich Branch 2

3 China Construction Bank 2 nd largest bank in the world by balance sheet 1 4 th largest bank in terms of market capitalization 2 Established in 1954 Listed on the Shanghai and Hong Kong Stock Exchange since 2005 and 2007 respectively 1 Forbes 2015, Global Bloomberg Report 3

4 Achievement in the Financial Industry The Banker 2 nd in the Top 1000 World Banks (in terms of tier 1 capital) Forbes 2 nd in the Forbes Global th in the Fortune Global 500 Most Socially Responsible Financial Institution (Banking Industry) Award 2014 Best Bank in China 2015 Strongest Bank in China 2014 Best Retail Bank in China 2016 Best People s Livelihood Financial Award in Social Responsibilities

5 CCB Global Presence Strong network in mainland China and worldwide 15,000 branches and subsidiaries in Mainland China 28 overseas branches and subsidiaries Financial services covered in 139 countries and regions 苏黎世 Zurich Strong customer base in China 3,900,000 corporate customers 340,000,000 retail customers Three RMB Clearing Centers were granted by PBoC London 2014 Zurich 2015 Chile

6 CCB Financial Status Rating Agency Long term Short term Outlook Financial strength Capital Adequacy ratio: 15.4% S&P A A-1 Stable 苏黎世 Zurich Total Asset*: RMB 18.3 Trillion Moody s A1 P-1 Stable D+ (Stable) Fitch A F1 Stable D ROA: 1.3%; ROE: 17.3% Annual Profit*: USD 35.2 Billion * As of end

7 CCB Golobal Strategy 苏黎世 Zurich CCB Oversea Business Vision Promoting RMB internationalization Developing cross-border financial services Following our clients globalization and serving overall interest CCB s Commitment to Switzerland Become the Main actor to foster the Swiss RMB Hub Become the bridge of Sino-Swiss investments Promote the Sino-Swiss economy development 7

8 CCB Zurich Branch 苏黎世 Zurich Our Mission Establish Swiss RMB Clearing HUB Build vibrant RMB bi-directional flow channel Create a wide spectrum of RMB products and services Advise Swiss or Chinese companies on cross-border transactions Our Services Offer corporate banking products and services, especially in RMB Provide local RMB clearing service through CIPS and CNAPS Support institutions to invest in Chinese financial market with QFII/RQFII program 8

9 Vision of Swiss RMB Hub 9

10 Outlook of RMB Internationalization Renminbi moved globally into the 4 th position in cross-border payments and into 2 nd position in trade-related payments , SWIFT statistics 苏黎世 Zurich Renminbi was granted a global reserve status from IMF, joining other eminent currencies in Special Drawing Rights basket (USD, EUR, GBP, JPY) as of October , IMF China will account for over 1/3 rd of total economic growth by 2016, by 2020 Renminbi will aim to be one of the top 3 international reserve currencies MSCI will include mainland Chinese shares in its indexes , IMF Forecast , Reuters 10

11 Key Elements for Swiss RMB Hub 1. Switzerland: World Famous Financial Industry World largest offshore asset and wealth management Two global financial center in Zurich and Geneva Important commodity trading center worldwide 苏黎世 Zurich 3. Great Achievement In Financial Sector: : PBoC and SNB signed a Swap agreement of RMB 150 Billion (CHF 21 Billion) : PBoC and SNB signed a MoU on establishing a RMB clearing in Switzerland. PBOC extended the RQFII quota to RMB 50 Billion 2. Sino-Swiss Trade Relationship Has Continuously Improved China is Switzerland s 3 rd largest trading partner: Annual trade volume of CHF 30.7 Billion China is Switzerland s largest export market in Asia: CHF 12.1 Billion : CFETS launched a direct trading between RMB & CHF on the inter-bank foreign exchange market : Nomination of CCBZB as the Swiss RMB clearing bank by PBoC and SNB July 1 st, 2014: The Free Trade Agreement between China and Switzerland entered into force 500 Swiss companies are setting-up in China and over 80 Chinese companies are investing in Switzerland 11

12 Our Vision of the Swiss RMB Hub 苏黎世 Zurich A major offshore RMB asset and wealth management center A RMB commodity trading center Various of RMB products on the market for investors The platform for corporations (large global companies and local SME) raise fund in RMB locally 12

13 Our Contribution to Swiss RMB Hub 13

14 RMB Settlement And Clearing Provider Channel Clearing House Straight-Through (STP) Time: GMT +1 苏黎世 Non-Straight- Zurich Through CNAPS/CIPs 02:00 09:45 02:00 09:30 HK RTGS 02:00 16:15 02:00 16:00 Book Transfer 7/24 02:00 22:00 Your gateway in Switzerland for global RMB transactions Integrated global payment system with Straight Through Process (STP) Dedicated RMB expertise support and prolonged local trustworthy service Full liquidity support and Guarantees from CCB HO 14

15 Give the permission to take part in the CFETS & CIBM, CCB Zurich can: Acquire funding in the interbank lending market in the mainland China Provide short-term RMB financing service for offshore PBs Offer intra-day/over-night overdraft to PBs As a clearing bank we have the privilege of having direct access on CFETS & CIBM, we provide the onshore market with trading and investment opportunities 15

16 Local RMB Product Provider RMB Corporate Finance Syndicated & Bilateral Loans Payment & Clearing Cash Pooling Management * Cross-Border Services RMB Trade Finance Import and Export Letter of Credit Import and Export Collection Standby Letters of Credit / Bank Guarantees Forfaiting RMB funding provider and deposit taker Issuing RMB investment products in a later stage * CCB HO System required 16

17 QFII & RQFII Investment Service Renminbi Qualified Foreign Institutional Investor ( RQFII ) Services Assisting institutional clients with the license application process regarding the RQFII rules Introducing clients to CCB Custodial Services in Beijing, which acts as the Custodian Bank in China for foreign investors Providing tailored services to clients 17

18 China Construction Bank Leading Position in CIBM* * China Inter-bank Bond Market #1 Underwriter in term of total issuance: RMB531 Billion in 2015 #2 Market maker in CIBM in the last 3 years Underwriting Trading Market Maker Primary Dealer for Government Bonds Principal underwriter of Policy Bank Bonds Principal underwriter of Corporate Bonds Tier 1 Trader in PBoC open market operation Market maker for CIBM Market maker for OTC Market Settlement Agent 18

19 CCB Cross-Border Custody Leading Position: Assets under custody of USD 1.07 trillion by the end of QFII/RQFII clients have mandated CCB so far. Best Sub Custodian Year , 2013 Top Rated Custodian Year First Domestic bank to Initiate QFII custody in One of the Top custodians for QFII & RQFII. 300 professional staff Familiar with market practice, regulatory requirements 19

20 CCB will assist you during the whole process: Appoint CCB as authorized local custodian CCB: Authorized Apply to CSRC for license 1 Prepare & submit application package CSRC review Apply to SAFE for quota 2 Submit quota application SAFE Review Quota approved Preparation before investment Select broker Sign Custody agreement Account opening Investment & Operation Holding percentage monitoring Stock Overpurchase Control FX Conversion offshore settlement License approved Agent 1 3 months approval 2 2 months approval 20

21 Foundation has been set for Switzerland to become a Renminbi Hub with China Construction Bank as a clearing bank in Zürich, it is the responsibility of all stake holders to educate, promote and evaluate possibilities to participate in the market that will have a dominant role in the future. Swiss Financial Industry has a proven track record of being a vanguard in adopting and developing new products, as the old Chinese proverb goes: A journey of a thousand miles begins with a single step - 老子 (Lao Zi) 21