A manager at China Construction Bank in Zurich has been appointed to an influential position in Switzerland, an indication of the importance of the bank for financial relations between the two countries.
The Swiss-Chinese Chamber of Commerce (SCCN) at the end of 2018 appointed Xinxin Rinderknecht-Liang as deputy general manager, according to the website of the organization, which is based in Zurich. She will support Beilun Wei, the general manager of SCCN.
The position at SCCN is part-time only. Rinderknecht-Liang is a financial specialist at China Construction Bank (CCB) in Zurich, responsible for customer relations with banks and insurance firms.
Influential Advisers
The appointment of the banker helps CCB to expand its influence at the chamber. David Gong (pictured below), the CEO of the Swiss CCB branch, is an adviser of the organization, underlining the importance of CCB in Switzerland.
CCB in 2015 was the first Chinese bank in many years to receive a banking license in Switzerland. It also obtained from China exclusive rights to maintain a trading hub for the renminbi in Switzerland.
Meeting Point
Holger Demuth, CCB's head of operations in Switzerland, told finews.com recently that the bank had successfully established its business in the country. Three years after opening up, the Swiss branch registered very strong demand for its services.
Insiders said that the branch also was the unofficial host of meetings of delegations discussing economic policy affecting the two nations. Chinese financial experts are regularly stopping over at the Zurich branch, while Swiss bankers are meeting counterparts at the bank’s office on Beethovenstrasse.
