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Credit Suisse boosts its China onshore capability by establishing the China Quantitative Insight (CQi) team in Beijing

Credit Suisse announces today that it has established a new team in Beijing to provide grassroots, data-driven insight to global and domestic clients. Combining with the bank’s expertise and thought leadership content, the newly established China Quantitative Insight (CQi) will provide institutional investors, corporates and ultra-high-net-worth clients with unique perspectives on the emerging trends in China.

Commenting on the hires, Zhenyi Tang, CEO, China said: "The formation of CQi is part of our ongoing efforts to expand our China onshore presence and capabilities. It underlines our intent to provide the very best in differentiated content and insight to clients across the bank."

Neil Hosie, Head of Equities, Asia Pacific added: "The newly formed CQi team will combine the professionals' in-depth expertise with Credit Suisse's extensive HOLT data library and new alternative data sources to bring our clients a unique level of insight across several industries and market trends. This product will become a core component of our content offering as China further opens up and becomes an increasingly important market for global and domestic clients to navigate successfully."

The CQi team joins Credit Suisse from CLSA's highly regarded China Reality Research (CRR) group, and brings together data-driven analytics expertise across the financial industry.

The team will work closely with Credit Suisse's securities joint venture in China, to provide differentiated content to both global and domestic clients. Credit Suisse is currently seeking regulatory approval to increase its shareholding in Credit Suisse Founder Securities Limited (CSFS) to 51% from 33.3%.

David Murphy, who joined Credit Suisse as a Managing Director and Head of CQi, will lead the team. Previously, Mr. Murphy led CLSA's CRR group, which he co-founded in July 2005 to provide grassroots economic insights on China and has been living in Beijing since 1995.

Mr. Murphy is supported by Haixu Qiu, Deputy Head of CQi and one of the co-founders of CRR. Mr. Qiu brings with him 14 years of experience in the financial industry, covering real estate and steel industries as well as macro strategy.

Other senior members of the team also include Lei Chen, who will lead consumer sector coverage at CQi. She has 13 years of experience in the internet and consumer sectors. The CQi team also include specialists from a wide range of sectors and industries, from consumer finance, metals, machinery, clean energy, new energy vehicle (NEV), real estate, to banking sectors, as well as China macroeconomics.

Credit Suisse has a leading Equities franchise in Asia Pacific and is also among the top 3 prime brokers in the Greater China region. Credit Suisse was named Derivatives House of the Year in Asia ex-Japan, Private Bank of the Year and Quant House of the Year by Asia Risk in 2019.