• Published by, 21st May 2018 in category Business in English

    Da Hongfei was interviewed by CNN Money during his recent visit to Zurich, Switzerland. In his interview with Martina Fuchs, anchor of CNN Money Switzerland, Hongfei discussed NEO’s relationship with local communities, regulations, the smart economy, and the goals of NEO. When asked about the reasons behind his visit to Switzerland, Da Hongfei said he was coordinating on a couple of projects and visiting universities with quality computer science programs. If NEO sought to expand into the European market, Hongfei conveyed his belief that Zurich is a top competitor, as there are great relationships with mainstream financial institutions. “There is no better place to run a business in [the blockchain industry] than Switzerland,” Hongfei said. On the topic of NEO and Swiss-based partnerships, Da Hongfei stated “there are several ways [NEO] can connect with the local community.” He then went on to say NEO had recently undergone a reorganization, with the NEO Foundation emerging as the overseeing entity of three major subsidiaries: NEO Global Development (NGD), NEO Global Capital (NGC), and Open Blockchain Foundation (OBF). These subsidiaries can foster local relationships in their own unique ways.

  • Published by, 13th May 2018 in category General Interest in English

    The town of Aigle in Switzerland will become the world’s wine capital in 2019. The travelling Concours Mondial de Bruxelles will host its next event there. The choice was announced on the last day of the 2018 competition, when Dai Binbin, Chief of the Haidian district of Beijing, China, solemnly handed over the Concours Mondial wine glass to Frédéric Borloz, the Mayor of Aigle, Switzerland. “After Beijing, the Concours Mondial de Bruxelles is returning to its European origins, choosing Switzerland, where vines have been grown since the Roman Empire. The country ranks 5th worldwide for per capita wine consumption”, commented Baudouin Havaux, Chairman of the Concours Mondial de Bruxelles. “Swiss wines are on the Concours Mondial’s top ten medal list”, he added. “Organising a competition of such magnitude opens up a multitude of doors and provides invaluable visibility, all over the world. Aigle will be proud to host the Brussels World Competition and share the passion of making wine with professionals from around the globe“, commented the Mayor of Aigle Frédéric Borloz. 2019 will be an exceptional year for the Swiss wine industry, as the country will also host the General Meeting of the International Organisation of Vine and Wine (OIV) and the Winegrowers’ Festival(Fête des Vignerons) in Vevey which has taken place once every 25 years since 1797.

  • Published by, 08th May 2018 in category Bilateral Relations in English

    The Federal Department of Foreign Affairs announced the nominations of Swiss Consuls General. Martin Bienz, consul general in Guangzhou, will succeed Didier Boschung in summer 2018. Martin Bienz was born in 1959, place of origin Hasle, canton of Lucerne. He joined the Federal Department of Foreign Affairs (FDFA) in 1981 and was posted to Marseilles, Addis Ababa, Bogotá, Osaka and Ottawa, followed by a secondment to the Federal Department of Justice and Police (FDJP). Mr. Bienz then returned to the FDFA where he was posted to Manila, Karachi and Chicago. He has been the head of post in Mumbai since October 2014. Othmar Hardegger, consul general in Mumbai, will succeed Martin Bienz in summer 2018. Martin Maier, consul general in Ho Chi Minh City, will succeed Othmar Hardegger in summer 2018. Olivier Zehnder, consul general in Shanghai, will succeed Alexander Hoffet in summer 2018. Olivier Zehnder was born in 1966, place of origin Köniz, canton of Bern. He joined the FDFA in 1998 and was posted to Vienna, Brasilia and Bern. Between 2010 and 2013 he was seconded to the Permanent Mission of Switzerland to the UN Office and to the other international organisations in Vienna as deputy permanent representative.

  • Published by, 04th May 2018 in category Engineering / Manufacturing in English

    Bobst, a Swiss company that provides machinery and services to the packaging industry, will open a new production site and Competence Center in Changzhou, China. The new site, a greenfield facility in Changzhou in the Jiangsu province of China, will be dedicated to web-fed printing and converting technologies for flexible materials. The opening of the new plant will mark a major step in the companies next phase of the development of activities for the Asian flexible packaging industry. The new plant will feature the groups highest Bobst manufacturing standards in its delocalized production plants and for the development of gravure printing and lamination solutions for the regions specific requirements and industry practices. The company will also open a Competence Center that will be part of the Bobst Changzhou facility. The center will provide support and advice to Asian clients throughout gravure printing and lamination trial runs.

  • Published by, 03rd May 2018 in category Bank / Finance / Insurance in English

    The Swiss bank —  UBS Group AG UBS — has expressed interest in increasing majority stake in its Chinese securities venture with the submission of application to China’s securities regulator — The China Securities Regulatory Commission (CSRC), Bloomberg reported. This move follows CSRC’s lessening restrictions on foreign ownership of brokerages announced earlier this year. Notably, indicating their readiness to allow greater access to global banks into their financial markets, the securities regulator has set the month of June as deadline for foreign companies to increase majority stake to 51% in securities JVs, up from the existing ceiling of 49%. Regarding this, the CSRC detailed the guidelines and experience mandatory for foreign shareholders, last week, along with the scale of businesses which can be recognized. Therefore, to explore opportunities for its investment banking, wealth and asset management operations in China, this Zurich-based bank targets to raise stake to 51%, up from the existing 24.99%.

  • Published by, 24th Apr 2018 in category Hospitality / Tourism / Retail in English

    Nestlé unveiled two manufacturing facilities in Taizhou of Jiangsu Province with a total investment of 1 billion yuan (USD 159 million) to strengthen its nutritional therapy and dermatology businesses in China. The two adjacent factories, measuring a total of 133,000 square meters, make up the 33rd Nestlé facility in China, underscoring the company’s confidence in the future of the Chinese market. The two factories share some supportive facilities and serve Nestlé Health Science, whose portfolio includes nutrition solutions, diagnostics, devices and drugs, and Galderma, which has a wide range of products treating dermatological conditions. Rashid Qureshi, chairman and CEO of Nestlé China, said that the new factories underscore Nestlé’s commitment to nutrition, health and wellness, "which is fully in line with the government’s priority to build a healthy China."

  • Published by, 19th Apr 2018 in category Engineering / Manufacturing in English

    Swiss pharmaceuticals company Novartis says net income jumped 12% in the first quarter, pointing to explosive growth in its heart-failure drug Entresto as its rollout continues, and powerful double-digit percentage growth for psoriasis drug Cosentyx. The Basel-based powerhouse, one of the world's largest drug companies, said that first-quarter net profit under new CEO Vas Narasimhan rose to USD 2.03 billion when accounting for currency changes, up from USD 1.67 billion a year earlier. Net sales rose 4% to USD 12.69 billion. Sales of Cosentyx jumped 35% to USD 580 million, and Entresto sales soared 126% to USD 200 million. Generics and biosimilars unit Sandoz saw U.S. sales drop 18% amid competitive pressures. Novartis experienced double-digit percentage growth in emerging markets, largely due to an 18% increase in sales in China.

  • Published by, 16th Apr 2018 in category Bilateral Relations in English

    On 16 April 2018, President Xi Jinping met with Chairman of the World Economic Forum (WEF) Klaus Schwab at the Great Hall of the People. Xi Jinping expressed that the cooperation between China and the WEF has almost synchronized with the process of China's reform and opening up. Both sides should keep up with the times, enhance cooperation, jointly strive to seek new driving forces for the world economic growth, and find out realistic and feasible solutions to address global challenges. Klaus Schwab expressed that President Xi Jinping's splendid speech at the WEF Annual Meeting last year was unforgettable and widely applauded by the world today. The WEF advocates promoting economic globalization and multilateralism, and opposes protectionism and unilateralism. The WEF is proud of the cooperation with China over the past four decades. It stands ready to reinforce long-term cooperation with China in such aspects as supporting the advancement of the "Belt and Road" construction and promoting innovative development, and make joint efforts to enhance the global governance system and push forward the settlement of global issues.

  • Published by, 10th Apr 2018 in category Legal / Tax / Consulting / Services in English

    Since 2010, China has been Switzerland’s most important trading partner in Asia and the third-largest globally. The growing number of subsidiaries set up in China is often accompanied by lack of understanding of China’s social and economic background from headquarters in Switzerland. The Swiss Centers China and the St. Gallen Institute of Management in Asia (SGI-HSG) will join forces to offer the second edition of the seminar “Subsidiary in China – Key to Success for the Headquarter” in Switzerland this summer. The first edition last year achieved a great success, offering a comprehensive view and practical approach on foreign investment in China to Swiss business leaders who manage a subsidiary in China or have plans to set up one. This year the seminar will maintain its high quality, aiming to inform participants on the investment environment on the basis of practical experience. It will also include a practical workshop session to provide answers to the concrete case studies the participants present.

  • Published by, 03rd Apr 2018 in category Bilateral Relations in English

    China and Switzerland vowed to further their innovative strategic partnership. The pledge was made between Chinese State Councilor and Foreign Minister Wang Yi, and Swiss Federal Councillor and Foreign Minister Ignazio Cassis when they held the two countries' first round of foreign ministerial strategic talks. In 2016, China and Switzerland established an innovative strategic partnership, the first of its kind between China and a foreign country. China is willing to boost its innovation cooperation with Switzerland in the new era to fulfill the important consensus reached by the two heads of states, Wang said. Earlier in the day, Yang Jiechi, member of the Political Bureau of the CPC Central Committee and Director of the Office of the Foreign Affairs Commission of the CPC Central Committee, also met with Cassis, calling for more progress in the two countries' innovative strategic partnership. Cassis said his country will push forward bilateral cooperation in various fields.