China-Switzerland Stock Connect Officially Launched
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On July 28, 2022, Mr. Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission, and Ms. Daniela Stoffel, State Secretary of the Swiss Federal Department of Finance, jointly announced the official launch of the China-Switzerland Stock Connect and delivered speeches. Mr. Wang Shiting, Chinese Ambassador to Switzerland, attended and addressed the launch ceremony, followed by speeches of Mr. Thomas Zeeb, Head Exchanges of the SIX Swiss Exchange, Mr. Cai Jianchun, President of the Shanghai Stock Exchange, and Ms. Sha Yan, President & CEO of the Shenzhen Stock Exchange. The launch ceremony was also attended by Mr. Wang Guojian, Deputy Director-General of the Capital Account Management Department of the State Administration of Foreign Exchange and Mr. Kong Qingwen, General Manager of China Securities Depository and Clearing Corporation Limited.
The China-Switzerland Stock Connect, opening a new chapter in the capital market cooperation between the two countries, is of great significance to broadening channels for cross-border financing and investment, and deepening Sino-Swiss cooperation in the financial area.