• Published by, 10th Mar 2019 in category Hospitality / Tourism / Retail in English

    The draft revision of the Foreign Investment Law, which is under review during China's two sessions, marks an important measure of the country's reform and opening-up, said a senior executive of a transnational company. "With three laws merged into one, the new law will have unified requirements and standards for foreign-invested enterprises in China, making it easier for foreign investors to understand the foreign investment access system and its requirements. This will be a big step forward in facilitating investment," Rashid Qureshi, chairman and CEO of Nestle, told the Global Times over the weekend. The previous approval policy for foreign investment has been replaced by a notification system, which simplifies the process of entry and operation for foreign enterprises in China and creates a more favorable investment environment, Qureshi said. The new law will strengthen the protection of intellectual property rights of enterprises investing in China and ban any move to force foreign companies to provide technology transfers to Chinese partners, he added. The draft of the Foreign Investment Law will be submitted to the second session of the 13th National People's Congress for deliberation, according to an explanatory document on the draft released to the press on Friday, the Xinhua News Agency reported.

  • Published by, 07th Mar 2019 in category Legal / Tax / Consulting / Services in English

    March 7th was the first day of the first semester at the IfFP Swiss Wealth Management Professional Training Center — the first foreign-funded financial training institute on the Chinese mainland. The center at 1599 Xinjinqiao Road in the China (Shanghai) Pilot Free Trade Zone was granted approval last September. Its parent, Zurich-based Institute for Financial Planning (IfFP), was established in 1995 and since then has played a leading role in the field. Jessica Zhong, chief executive officer of the training center, told Shanghai Daily that China’s wealth management market was huge and the "Shanghai free trade zone has opened a door for us." According to Credit Suisse Global Wealth Report 2018, China’s total household wealth exceeded US$50 trillion, surpassing Japan for the first time and ranking second, behind the United States, in the global wealth list. Over the next five years, China’s wealth will grow further by USD 23 trillion, accounting for 19% of global wealth by 2023, the report said. Dr. Felix Horlacher, CEO of IfFP, expressed his confidence over Shanghai’s further opening-up in the financial sector, particularly after the Shanghai free trade zone administrative committee introduced 25 measures, across six key sectors, to refine the current level of related services and incentives on offer within the FTZ. Horlacher emphasized that the training center has combined proven useful experience from Switzerland with local practices to make the course down to earth and easy to understand for students.

  • Published by, 28th Feb 2019 in category General Interest in English

    Chinese and Swiss scientists have unraveled the secret why a catalyst they discovered could split water into hydrogen and oxygen to be used as a clean fuel. The study published on Tuesday in the latest edition of ACS Central Science showed that the water-splitting catalyst had a "bifunctional mechanism" thanks to a cooperative action of two phase-separated components of iron and nickle oxides. Song Fang at China's Shanghai Jiaotong University and Hu Xile's lab at Ecole Polytechnique Federale De Lausanne (EPFL) in Switzerland discovered the nickle-iron oxide catalyst three years ago, which is robust, easy to synthesize and open to industrial applications. But since then, they hadn't had a clue why the catalyst would be so active to render the oxygen evolution reaction, arguably the most difficult process in water splitting. In the new study, the researchers found that a cooperative action of two phase-separated components of iron and nickel oxides could overcome a previously identified limitation of conventional metal oxides where the reaction occurred locally on only a single metal site. They also revealed a unique structure of the catalyst. It is made of nanoclusters of two covalently linked chemical constructions, making it a water-splitting catalyst. Identifying ideal materials that can split water is a long-standing problem in renewable energy storage.

  • Published by, 11th Feb 2019 in category Business in English

    The CCTV New Year’s Gala is the most watched TV program worldwide. This year, the event featured 88 Verity Studio drones, flying above 70 dancers and famous singers. Broadcasted live on CCTV channels, the show left some 1 billion viewers across the globe in sheer amazement. Verity Studios is an ETH Zurich spin-off specialist in autonomous in indoor drone systems for live events. The startup uses proprietary algorithms and system architectures, to create dynamic, autonomous and interactive performances for live entertainment. The drones are designed in a CAD software before laser-cutting the materials and assembling the costumes. They embody special guards with pre-defined slots to attach costume elements, which makes it easy to create large numbers of costumes and transform drones into moving pieces of scenography, props and even characters. For the live broadcast of the 2019 CCTV (China Central Television) New Year’s Gala, Keey Media, China’s leading smart media entertainment company, collaborated with Verity Studies to feature 88 Verity Studios drones in the show. The 88 Lucie micro drones flew over 70 performers in red Chinese lantern costumes and above famous singers, making it the largest costumed drone performance ever seen. The show attracted an estimated 1 billion viewers across the globe.

  • Published by, 05th Feb 2019 in category Legal / Tax / Consulting / Services in English

    Despite the public perception of an economic slowdown in China, Swiss business leaders in the market look back at a successful 2018 and are confident about the upcoming Year of the Pig. The confidence index for the next year reaches 6.49, for the next 5 years it is at 6.7 – with 10 being the most confident and 0 being not confident at all. 76% of the Swiss business leaders expect “higher” or “substantially higher” sales in 2019 compared to 2018, with only 4% expecting lower sales, according to the recent “2019 Swiss Business in China Survey”, conducted by the China Europe International Business School (CEIBS, the premier business school in Asia), the Swiss Centers China (SCC), the Swiss Embassy in China, Swissnex, SwissCham, Switzerland Global Enterprise and China Integrated. The comprehensive survey comprises responses from 132 Swiss companies, both SMEs and large enterprises, and is believed to be representative of the approximately 600 Swiss companies in China. Besides Swiss enterprises, the survey also includes responses from Chinese (683) and other foreign companies (200).


  • Published by, 29th Jan 2019 in category Engineering / Manufacturing in English

    Many more overseas companies will follow in the steps of Tesla to set up plants in Shanghai once they see how the US carmaker benefits from the city's policy bonus, as the Shanghai municipal government opens markets to overseas investors with the continuous launch of new policies, experts said on Sunday. Which will be the next "star project" in Shanghai after Tesla? Global robotics giant ABB is one overseas company mentioned by Ying Yong, mayor of Shanghai, in the government work report released on Sunday morning during the city's two sessions, as he called the roll of several projects that the government will push for construction this year. ABB earlier revealed its plans to the media, saying that it's planning to establish a plant in Shanghai using robots to produce robots, according to a report by in October. ABB didn't disclose its Shanghai plant's current status as of press time. The other two companies mentioned by Ying are Shanghai-based biomedical firm Haohai Biological Technology and ACM Research, also based in Shanghai, reported the Shanghai Securities News over the weekend. Shanghai will also speed up mass production of major domestic industrial projects like Semiconductor Manufacturing International Corp and Everdisplay Optronics' second phase, Ying disclosed.

  • Published by, 29th Jan 2019 in category Business in English

    Guangzhou hosted a promotional event in Davos on January 23rd to raise awareness of the southern Chinese city and its upcoming international events. From January 22nd to 25th, Davos, a snow-covered resort in Switzerland, held the 2019 annual meeting of the World Economic Forum. It was attended by more than 3,000 participants from across the globe, including heads of state, heads of international organizations, and business leaders. At the promotional meeting, Guangzhou introduced the Asian International Food Festival and the Guangzhou International Forum, which are scheduled to be held in Guangzhou this May and December, respectively. In addition to showcasing its latest technological innovations, Guangzhou, nicknamed the "City of Cuisine", also offered distinct local delicacies to all guests, sharing Guangzhou's traditional food culture with the world. According to Chen Zhiying, vice mayor of Guangzhou, the food festival will feature food brand exhibitions, food culture festivals, and video presentations of distinct Asian foods, teaching the entire world about Asian food culture.

  • Published by, 28th Jan 2019 in category General Interest in English

    On the January 24th, swissnex China participated in an Innovation and Development Dialogue between Sino-Swiss Enterprises and the "Opening Ceremony of the China Economics and Finance Center" in Hangzhou (Zhejiang University). The center was been co-created by Zhejiang University in collaboration with HEC Lausanne and EPFL (Ecole polytechnique fédérale de Lausanne). After an introduction to the China Economics and Finance Center (CEFC) and Opening Ceremony performed by Dr. Matthew Wang, Chairman & President of Cybernaut (China) Investment and Executive Dean of ZII. Pr. Dong from HEC Lausanne offered a traditional Swiss bell with the colors of the University of Lausanne as a symbolic gift. During the forum, Prof. Jean-Philippe Bonardi, Dean of HEC Lausanne - The Faculty of Business and Economics of the University of Lausanne showed us the key Swiss trends in innovation, entrepreneurship and global trends. He stressed the importance of promoting an entrepreneurial spirit in our universities. Prof. Rongxiao, Dean of the Industrial Technology Transformation Research Institute at the University of Zhejiang, then demonstrates all their efforts to create a great innovation ecosystem, and develop a win-win model for industry-university-research.

  • Published by, 23rd Jan 2019 in category Bilateral Relations in English

    Chinese and Swiss leaders vowed to further promote win-win cooperation across many areas of their relationship. In a meeting on Monday with Ueli Maurer, president of the Swiss Confederation, visiting Vice-President Wang Qishan said that economic and trade relations between China and Switzerland have continued to deepen under the guidance of the nations' leaders. Wang, who made an official visit to Switzerland on Monday and Tuesday, at Maurer's invitation, is expected to speak on Wednesday at the annual meeting of the 2019 World Economic Forum in Davos. Wang described the bilateral relationship as being at its best, saying that the nations' political trust has increased significantly, and friendship has become more deep-rooted. Switzerland was one of the first Western countries to recognize and establish diplomatic ties with the People's Republic of China after its founding in 1949. It has also been a trailblazer in Europe in conducting cooperation with China and has served as an example.

  • Published by, 07th Nov 2018 in category Bilateral Relations in English

    The Swiss National Pavilion, with its "LiveMap" concept especially designed for the China International Import Expo, was unveiled on Tuesday at the National Exhibition and Convention Center Shanghai. Secretary of State for Economic Affairs Marie-Gabrielle Ineichen-Fleisch, and Swiss Ambassador to China Jean-Jacques de Dardel, who are leading a high-level delegation to the trade fair, are at the opening. A distinctive feature of the two-story pavilion is the aerial “LiveMap” giving visitors the opportunity to visit Switzerland in virtual reality and physical space. Visitors can not only enjoy basic geographic icons, tourist destinations, cultural and traditional symbols and innovative commercial features but also experience Swiss culinary specialities while using the map. Swiss companies and partners at the pavilion are demonstrating their latest products and services with a number of interactive events and designs. In a "relaxation zone," visitors can rest in a natural environment that resembles a Swiss alpine meadow. Covering a wide range of fields from cleantech to pharmaceuticals, finance, watches and logistics, and represented by 23 companies and institutional partners, the pavilion demonstrates Switzerland's global leadership in innovation, culture and tourism in a highly sensory way and allows visitors to get closer to the country with virtual reality.