• Published by, 09th Jan 2017 in category Bilateral Relations in English

    As a sign of the ever closer political and economic ties between Switzerland and China, the Federal Council led by President Doris Leuthard will receive the Chinese President, Xi Jinping, for a state visit to Switzerland next week. The programme for the visit begins on Sunday, 15 January. It is planned that the official talks will involve an exchange on world trade, the global financial system, the environment and climate protection and the situation in and around Syria. On bilateral issues, the focus will be on cooperation on economic and scientific matters, cooperation in the financial sector and on cultural matters, on human rights and in the context of the UN and on environment, climate and energy. In addition to President Leuthard and President Xi Jinping, members of both governments will take part in the talks. As part of the programme for the visit, a round table is scheduled to take place on Monday with representatives of the Swiss business community.

  • Published by, 03rd Jan 2017 in category Legal / Tax / Consulting / Services in English

    The China Legal Briefing 254 was released. In this briefing, you can read: Shanghai issued a new unified work permit for foreigners; China introduced measures to help prevent risks in internet finance and China amended its Foreign Investment approval regime

  • Published by, 29th Dec 2016 in category Hospitality / Tourism / Retail in English

    The Swiss watch industry’s value of exports declined by 5.6% to just under CHF 1.9 billion, or USD 1.8 billion at current exchange rates, for the month of November. The Federation of the Swiss Watch Industry noted that the decline of exports, a trend that has continued for nearly two years, “softened” in November, but the sector is still struggling. In addition to waning interest, the decline in value is being linked to precious metal watches. In its November statistics report, the Federation of the Swiss Watch Industry shared that the rises and falls of the main price segments alternated for the month. But, falls were more dominate. Sales of watches with an export price of between 200 and 500 Swiss francs, or USD 195 to USD 487, and those priced more than CHF 3,000, or USD 2,926, were lower. Other segments, however, posted small gains. Main markets were also down for November, but approximately half of the 30 primary regions for watches grew in November.

  • Published by, 26th Dec 2016 in category Bank / Finance / Insurance in English

    Swiss Re, a wholesale provider of reinsurance, believes the combination of a growing middle-income sector in Asia, especially in emerging markets, the low insurance penetration, and China’s “One Belt, One Road” policy will make Asia become the biggest insurance market in the new year. Speaking on the business outlook for Asean countries in 2017 at the “Thailand Insurance Symposium” yesterday, Clarence Wong, chief economist for Asia at Swiss Reinsurance Company, said he believed that premium income would surpass those in North America and the European Union. Ten years ago, premium income in Asia was half that of North America, he said, adding that the growing income in Asia over the past few years had attracted insurance firms to broaden their presence in this region. The insurance industry in Asia is in its third phase of development, in economic growth, income growth, solvency reform and personal lines, he said. Premium income from life and health insurance in the region is on an upward trend due to demographic changes and need for healthcare.

  • Published by, 22nd Dec 2016 in category Bilateral Relations in English

    Federal Councillor Doris Leuthard, who takes over from Johann N. Schneider-Ammann as president of the Swiss Confederation next year, is expected to maintain the European country's ties with China. Both visited China in 2016. Schneider-Ammann paid a state visit to China in April and during the meeting with President Xi Jinping, agreed on an innovative strategic partnership, which he says gave an added dimension and fresh impulse to Sino-Swiss bilateral relations. During the visit, Switzerland signed up as an observer of the partnership agreement between China and sixteen Central and East European countries. Leuthard, born in 1963 and president of Switzerland in 2010, visited China in August and had a meeting with Vice-President Li Yuanchao to strengthen longstanding relations between Switzerland and China. She was elected this week, and will serve from January next year.

  • Published by, 19th Dec 2016 in category BUSINESS NEWS in English

    Alipay, the world's most-used electronic payment application has reached an agreement with a strong local partner, a pact that is poised to challenge the dominant position of the Swiss payment solution – Twint. The Swiss stock exchange operator and payment services company, has found a big partner: SIX Payment Services and Alipay have reached an agreement for the acceptance of POS and E-Commerce payments across Europe, SIX said in a statement today. Under the terms of the agreement, Alipay’s payment service will be integrated into the payment application of SIX to enable merchant clients of SIX to accept Alipay payments from Alipay users. Alipay is a product of the Ant Financial Services Group, which is based in China and has already signed up 450 million users for its solution. Ant Financial is the financial unit of Alibaba online retailer co-founded by billionaire Jack Ma – the equivalent of Amazon for China. Alipay has handled transactions totaling CHF 860 billion for its customers – three times the volume of Paypal.

  • Published by, 13th Dec 2016 in category Bilateral Relations in English

    High altitude, fresh air and good food were once thought to be the best way to treat tuberculosis. For those who could afford it, long term visits to exclusive sanatoria like that at Davos in Switzerland meant the chance of an extended life, though little prospect of actual recovery. After the development of antibiotics, these sanatoria often became ski resorts and places of idle pleasure. But in 1971, Davos began hosting an annual summit of well meaning philanthropists and politicians, eager to make the world a better place. In January 2016, China's presence at the summit was very well received, despite being represented by lesser known members of the Politburo. Indeed, so successful was this visit that Xi Jinping himself is reported to be attending in January 2017, the first Chinese president to attend the World Economic Forum (WEF) at Davos.

  • Published by, 05th Dec 2016 in category Legal / Tax / Consulting / Services in English

    The Competence Center China (CCC) for Swiss SME is an initiative of ZHAW School of Business and Law, Swiss SME China (the China Representation of the Swiss SME Association) and sim (selective international management) Group. It is the first and only topic- and case-based center that exists to date in the Sino-Swiss business environment. By focusing on present and future business issues that particularly Swiss SMEs are facing during their business undertakings in China, the CCC provides you with concrete, pragmatic, experience-based information & services to assist your business in China. Through the collaboration of academia and on-site consultancy with many years of experience in the Chinese market, our center is perfectly positioned to gather and provide you with up-to-date business insights and valuable problem solutions.

  • Published by, 28th Nov 2016 in category Bilateral Relations in Chinese

    On 10 November, the Consul General of the People's Republic of China to Zurich and Liechtenstein, Ms. Gao Yanping, and the Finance Minister of the canton of Zurich, Mr. Ernst Stocker, gathered at the branch of China Construction Bank (CCB) in Zurich. Chief Executive Officer of the Bank, Mr. Gong Wei, introduced the state of operation of the bank. Since the opening, the scale of the loan business has exceeded CHF 700 million and CCB established very good relationships with the three major Swiss banks. In addition, CCB has signed liquidation business agreement with five Swiss banks. Mr. Gong also appreciated the great support from the China Consulate and from the government of the canton of Zurich. He is willing to promote the social integration of the bank and better serves the development of Sino-Swiss relations, especially people and companies from both countries. Ms. Gao said that the current Sino-Swiss relations was at best time in history. The pragmatic cooperation in economics, finance, trade and other fields is fruitful. She hoped that Zurich branch of CCB could seize the opportunity to develop good relations with the canton of Zurich and benefits to enterprises and people. Mr. Stocker stated that China's development had been attracting worldwide attention and its international influence in finance and trade has continued to increase, and that Zurich will continuously welcome and support more Chinese companies to invest in Zurich.

  • Published by, 26th Nov 2016 in category Legal / Tax / Consulting / Services in English

    The corporate visual identity includes all visible elements related to a brand. It is one of the main pillars of a company’s corporate identity. Other pillars, for example, are corporate communication, corporate philosophy or corporate behavior. However, 5 Star Plus Retail Design are experts in creating a corporate visual identity. In the following paragraphs they will define what corporate visual identity exactly is and explain the key elements of a coherent design. Also, we picked out a few inspiring visual identity design concepts. Generally, VI includes the presentation and style of all communication tools that are being used. Whether the style is romantic, classic or modern, a compelling logo is essential. It is a brand’s most important visual element. In the next step, at least 2 corporate colors should be chosen. As a final step, make sure that typography matches your brand name, design, colors and most importantly, transports the message you want to communicate. Corporate visual identity is only one piece of the puzzle of a company’s overall appearance but its influence is tremendous. An inappropriate visual identity can destroy the image of a brand. A good visual identity underlines professionalism and gives businesses a significant competitive advantage.