CICC China International Capital Lim : and KraneShares Host One Belt One Road Summit at NYSE

China International Capital Corporation Limited (CICC, 3908.HK) and its U.S. subsidiary KraneShares hosted the One Belt One Road (OBOR) Summit at the New York Stock Exchange (NYSE) on January 16, 2018. The Summit provided U.S. investors with in-depth analysis on the global impact of China's OBOR initiative and was well received by the investors.

The event commenced with a bell ringing to celebrate the launch of the KraneShares MSCI One Belt One Road ETF (Ticker: OBOR) and followed with an educational program featuring experts on the OBOR initiative. Keynote Speakers covered topics such as how the initiative can accelerate China's global economic advancement, facilitate renminbi (RMB) internationalization, and impact the GDP growth potential of the participating countries.

'The OBOR initiative may see upwards of $6 trillion in investments across the 71 participating countries (which represents 34% of global GDP)', said Jonathan Krane, CEO of KraneShares. 'The Summit raised awareness of the significance of the OBOR initiative to the global economy and how it is reshaping trade and international connectivity'.

Dr. Liang Hong, Chief Economist of CICC, pointed out in her keynote speech that China's domestic capital markets had moved up the ranks globally, yet global asset allocation to China remained very low and China's overseas assets were relatively low, too. She expected that increasingly a chunk of China's savings would be allocated outside of China in the future.

KraneShares is a U.S. asset management firm that specializes in China-focused exchange traded funds (ETFs). In 2017, CICC announced the signing of a definitive agreement to acquire a majority stake in KraneShares.

As an investment bank adhering to the vision of 'Chinese Roots, International Reach', CICC has promoted overseas bond issuance by Chinese companies, cross-border M&A and product innovations for financing infrastructure etc. in recent years to facilitate the financial integration and the implementation of the OBOR initiative. In future, CICC is well-positioned to provide high-quality financial services for governments, institutions and enterprises etc. along the routes.