News

  • Published by ggba-switzerland.ch, 19th Oct 2018 in category Bilateral Relations in English

    Through the Sino-Swiss Shenzhen Hub, the GGBa and Invest Shenzhen aim at stimulating and facilitating FDIs between two of the world’s most dynamic regions. The GGBa has added to its established presence in China by launching the Sino-Swiss Shenzhen Hub. A joint initiative of the GGBa and Invest Shenzhen, the new platform intends to showcase Western Switzerland and the region surrounding the Pearl River Delta as a portal for Chinese and Swiss companies interested in expanding their footprint in another continent. “Western Switzerland is the gateway for Shenzhen-based companies willing to start operations in Europe,” said Thomas Bohn, Executive Director of the GGBa, to Shenzhen TV. Formerly a small fishing village in the vicinity of Hong Kong, Shenzhen has experienced unprecedented development over the past 30 years, under the leadership of Deng Xiaoping and his policy of economic openness. Today, the city is known as China’s Silicon Valley, with a proliferation of high-potential technology startups and the presence of industry giants such as DJI, ZTE, Huawei or Tencent. Western Switzerland and the region surrounding Shenzhen share many common points ; both boast a dynamic business base, leading companies, and cutting-edge know-how in the ICT, health, finance, artificial intelligence, robotics and precision industry sectors.

     

  • Published by reuters.com, 18th Oct 2018 in category Business in English

    Swiss watchmaker Patek Philippe is seeing good demand across the world, its president told Reuters on Thursday, playing down industry concerns about a potential slowdown in top luxury goods buyer China. Data earlier in the day showed Swiss watch exports fell 7% in September, their first decline since April last year and adding to jitters that have hit luxury goods stocks. But Patek Philippe, which has been making watches in Geneva since 1839, remains upbeat. “All of our markets did well this year, we’re quite satisfied. An exhibition we organised in the United States boosted the brand there, Europe is also still doing well,” Thierry Stern said in an interview at the firm’s headquarters. “Domestic Chinese demand is rising steadily, we sell more watches every month. Not the very complicated pieces because taxes remain high, but the core collections,” he added. Stern said the Chinese were likely buying more at home due to worries about issues such as stricter border controls.

  • Published by globaltimes.cn, 08th Oct 2018 in category Bilateral Relations in English

    The Swiss Incubator, a platform dedicated to high-tech startups which was initiated by the Embassy of Switzerland in China, drew a successful conclusion on 19 September on the sideline of the World Economic Forum's 12th Annual Meeting of the New Champions in Tianjin (WEF Tianjin). Attended by Swiss and Chinese government officials, 10 handpicked fast-growing high-tech companies from Switzerland presented their advanced technologies and potentials of their products. They showcased Switzerland's global leadership in bottom-up innovation at the nexus of industry, technology, art and design. The event, for the third time hosted during the WEF, is expected to strengthen the link between Switzerland and the WEF. The 10 startups are engaged in different industries, in which Switzerland has leading advantages, including biotech, pharmaceuticals, electronics, mechanics, and clean technology. The startups are also in China for a 10-day road show within the framework of Venture Leaders China 2018, organized by Swissnex China and Venture lab. With business workshops, investor meetings and public events in Hong Kong, Shenzhen, Shanghai, Beijing and Tianjin. The road show offers the startups unparalleled exposure and insight into the Chinese market, along with learning about business opportunities, how corporate affairs work, pitching to investors and getting insights from experts. "Switzerland is being known as the leading country globally in terms of innovation and technology. Originating from Switzerland, they have the strong desire to go abroad, especially China for big markets and collaboration opportunities," said the Swiss Ambassador to China Jean-Jacques de Dardel.

     

  • Published by bioprocessintl.com, 02nd Oct 2018 in category Engineering / Manufacturing in English

    Novartis has paid USD 40 million for a 9% stake in Cellular Biomedicine Group (CBMG), a Shanghai-based firm which will manufacture CAR-T cell therapy Kymriah for the China market. Under terms of the deal, CBMG will take responsibility for the manufacture of the chimeric antigen receptor (CAR) T-cell therapy Kymriah (tisagenlecleucel) from its facility in Shanghai, China, on behalf of Novartis entity Beijing Novartis Pharma for supply in China. “Aligned with our global supply and regulatory strategy, Novartis actively has been pursuing options for additional manufacturing capacity to help meet global demand for Kymriah,” Julie Masow, a spokesperson from the Swiss pharma giant told BioProcess Insider. “CBMG came to our attention as we were looking for a collaborator that would be capable of helping us to manufacture and supply Kymriah to patients in China, as local regulations require that the product be manufactured in China.” Previously, Chinese drug firms were not allowed to resort to contract manufacturing organizations (CMOs), so relied almost entirely on overseas manufacturers. But in 2015, the Chinese government implemented the marketing authorization holder (MAH) system completely rewriting regulations governing the way that pharmaceuticals, are manufactured, researched, clinically developed, and reviewed. While these continue to evolve, they demand biopharmaceutical CMOs to operate locally.

  • Published by mediago.ch, 28th Sep 2018 in category Business in English

    CNNMoney Switzerland debuts a special series about China and presents its new editorial partnership with the Swiss global network swissnex. CNNMoney Switzerland brought the latest on what Swiss companies need to know when they do business in China. “China: Dealing with the New Superpower” was about market access, the consequences of the trade war with the U.S., and China's new ambitions in specific sectors, including its capabilities to shift to an innovation-driven economy. With a dedicated team there, including Olivia Chang, Joël Espi, and Frédéric Lelièvre, CNNMoney Switzerland featured special coverage of the World Economic Forum meeting in Tianjin. It also produced some content from the CNN International studio in Hong Kong. “China is a very important market for Switzerland and Swiss companies, and we want to take a close look at how the new superpower changes the international political and economic landscape,” says Editor in Chief Urs Gredig. CNNMoney Switzerland announced the launch of a special monthly program with swissnex, the Swiss global network connecting the dots in education, research, and innovation. Together they will inform their communities and viewers on what Swiss innovators and entrepreneurs need to know from the fastest major markets around the globe. “Scientific and technological innovation and its impact on society concerns us all,” says Christian Simm, CEO of swissnex Boston. In collaboration with CNNMoney Switzerland and from five of the world’s most innovative regions, the swissnex network is delighted to share the dreams, challenges and achievements of the researchers, creators, and entrepreneurs who are inventing the future.”

  • Published by xinhuanet.com, 26th Sep 2018 in category Bilateral Relations in Chinese

    The first China-Europe Talent Forum was jointly hosted in Zurich, Switzerland, on 25 September by the Chinese Embassy in Switzerland and the Swiss Adecco Group. The forum gathered more than 100 senior executives from over 40 Chinese and European companies to exchange their views on three topics: European labour market and its laws and regulations, international talent acquisition, and staff management and training. Geng Wenbing, Chinese ambassador to Switzerland, said at the forum that since the beginning of the 21st century, talent has become the key factor for the development of all countries and business. After 40 years of reform and opening up, China's economy, now shifting from high-speed growth to high-quality development, is at a key phase of changing patterns, optimizing economic structure, and transforming growth momentum. An economy driven by innovation is, after all, one driven by talent, which is why the Chinese market has a huge demand for high-level talents, Geng said. He added that the Chinese government has always attached great importance to the work related to talent, including the international cooperation in this field. China and Europe are the world's two major economies, showing a broad prospect for cooperation in the area. The forum aims to promote the exchange and integration of all talent by building an open, pragmatic and future-oriented Sino-European talent exchange platform that will help Chinese enterprises operating in Europe actively participate in international cooperation, the ambassador concluded.

  • Published by markets.businessinsider., 10th Sep 2018 in category Engineering / Manufacturing in English

    On 5 September, GF Machining Solutions held a ground-breaking ceremony for its new Phase II project in Changzhou National Hi-Tech District, with Liang Yibo, vice mayor of Changzhou; Chen Zhengchun, director of the Administration Committee of Changzhou National Hi-Tech District and director of Xinbei District; and Xu Yawei, vice director of Xinbei District in attendance. The USD 48 million, 32,000-square-meter facility, built on a 5.14 hectare plot of land, will be equipped with a manufacturing workshop and offices. The main focus will be the research, development and production of high-end machine tools, with the aim of establishing GF Machining Solutions as the world-class manufacturing base and R&D center for such tools. The project will help promote technical innovation across the district's equipment manufacturing sector, as well as attract the best companies from the upstream and downstream segments of the industry to set up operations locally, setting in motion the development of the district's equipment manufacturing industry chain. Changzhou GF Machining Solutions is a subsidiary of Switzerland-based Georg Fischer. Founded in 1802, Georg Fischer is one of the world's leading industrial groups, with operations in over 140 countries and regions. The group has more than 15,800 employees worldwide and generated sales of CHF 4.2 billion (approx. USD 4.33 billion) in 2017.

  • Published by cnbc.com, 10th Sep 2018 in category Hospitality / Tourism / Retail in English

    Cartier maker Richemont said sales of its watches and jewellery rose 10% in the five months to 31 August, helped by strong demand in Asia Pacific and the Americas. Swiss watchmakers have seen sales rebound strongly after a severe downturn, but some investors now fear Chinese luxury demand could have peaked and rising trade tensions could take their toll. "Hong Kong, Korea and Macau all generated double digit increases while China showed good growth," the world's second biggest luxury goods group said in a statement released ahead of its annual general meeting in Geneva. It did not provide an outlook for the rest of the year. Sales in constant currency rose 10% in the period, while sales at actual exchange rates were up 7%, Richemont said, which on Monday also appointed Jerome Lambert as chief executive. Including recently acquired Yoox Net-a-Porter (YNAP) and Watchfinder.co.uk, sales were up 25% at constant exchange rates and 22% at actual rates.
     

  • Published by swissinfo.ch, 05th Sep 2018 in category Bilateral Relations in English

    Chinese companies are free to acquire counterparts in Switzerland, but China imposes restrictions on its soil. Swiss Economics Minister Johann Schneider-Ammann says he will push for a level playing field during a forthcoming trip to China. But Schneider-Ammann is more optimistic than other ministerial colleagues that the situation will improve. Last month, Communications Minister Doris Leuthard told the Aargauer Zeitung newspaper that Switzerland should insist on reciprocity, pointing to a tough line taken on the issue in Germany. “We must do what Germany did many years ago, which is hold a discussion on how to react in the face of Chinese firms’ hunger for takeovers,” she declared. Currently, Chinese rules only allow Swiss firms to have joint ventures with Chinese companies. Ahead of his visit to China, Schneider-Ammann gave a more placatory message to Swiss public television, SRF, on Wednesday. While acknowledging that the unequal takeover treatment is a real problem, the minister said progress is being made. “It is my understanding that it is only a matter of time before China must also allow the majority of shares to be given over,” he told SRF. “I am sure that they will get to where we currently are.” For this reason, the level playing field issue will not take a special place in his discussions with the Chinese authorities during his trip.
     

  • Published by prnasia.com, 28th Aug 2018 in category Business in English

    On 27 August, Hainan Airlines announced the formal launch of service between Shenzhen and Zurich. The service is the first non-stop flight connecting China's Guangzhou-Shenzhen area with Switzerland, and is also the airline's 7th intercontinental flight originating from Shenzhen. The airline will operate a Boeing 787 Dreamliner on the new route with two round-trip flights per week. Hainan Airlines flight HU741, the inaugurate flight of the carrier's new Shenzhen-Zurich service, took off from Shenzhen Bao'an International Airport at 1:20 am on 27 August Beijing time, and successfully landed at Zurich Airport the same day, at 7:55 am local time. Hainan Airlines spokesman said, "The non-stop Shenzhen-Zurich service will bring more convenience to passengers traveling on business and for leisure, further promoting the development of the economies, cultures and tourism of the two countries, while offering more opportunities for collaboration between companies in European countries and in China." In 2018, Hainan Airlines launched the Shenzhen-Brussels, Shenzhen-Madrid, Shenzhen-Tianjin-Vancouver, Guangzhou-Tel Aviv and Shenzhen-Zurich services in China's Guangzhou-Shenzhen area, and is scheduled to launch the Shenzhen-Vienna service on 20 October.

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