Swiss investment manager Vontobel positive on performance of Chinese equities

STORY: Swiss investment manager Vontobel positive on performance of Chinese equities DATELINE: March 27, 2023 LENGTH: 00:01:25 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of views of China 2. SOUNDBITE (English): THOMAS SCHAFFNER, Portfolio Manager, Vontobel 3. various of Vontobel STORYLINE: Thomas Schaffner, a portfolio manager at Swiss wealth and asset manager Vontobel told Xinhua that Chinese stocks remain an attractive asset class for international investors and that his firm was positive on China's contribution to global economic growth. SOUNDBITE (English): THOMAS SCHAFFNER, Portfolio Manager, Vontobel "Now this year, we're actually quite convinced that we will see quite a strong economic recovery in China. With the economic recovery, which has started now in Q1 and favorable policies, both on the regulatory and the monetary sides, coupled with relatively low valuations, we believe that actually China should be quite an attractive asset class within EM (emerging markets). Al

Nikko Securities, Travelers Group tie-up

Nikko Securities, Travelers Group tie-up

Masashi Kaneko (L), president of Nikko Securities Co. of Japan, and Sanford Weill, chairman of Travelers Group of the United States, shake hands at a Tokyo hotel June 1 after announcing their tie-up. Travelers will acquire a 25 percent capital stake in Nikkoin the form of both stocks and convertible bonds.

Nikko Securities, Travelers Grou

Nikko Securities, Travelers Grou

Masashi Kaneko (L), president of Nikko Securities Co. of Japan, and Sanford Weill, chairman of Travelers Group of the United States, shake hands at a Tokyo hotel June 1 after announcing their tie-up. Travelers will acquire a 25 percent capital stake in Nikko in the form of both stocks and convertible bonds. ==Kyodo