• Published by, 13th Apr 2017 in category BUSINESS NEWS in English

    Following President Xi’s trip to Davos to attend the World Economic Forum and a state visit to Switzerland in January, he reached Finland on 11 April before flying to the United States. Xi has used his overseas trips to deliver messages on how China views the world and the global economy at a time when populism and protectionism seem to be gathering strength. Xi used his Switzerland visit, and will now use his Finland trip to express China's views that all global players, should fulfill their due responsibilities to build a prosperous and peaceful world, instead of telling China what its global duties are. Besides, Switzerland and Finland can also help China strengthen its domestic program for innovation. By 2050, China aims to become a world leader in science and technology, with its economy mainly driven by innovation. In Switzerland and Finland, China has perfect economic partners; Switzerland occupied the top spot in the World Intellectual Property Organization rankings, with Finland taking the fifth slot. And the two countries are willing to share knowledge and technology with China. Such openness offers great opportunities for Switzerland and Finland. Even though the two countries' population is less than 10 million each, they can get access to China's market of more than 1.3 billion consumers.And since innovation has become an integral part of the national policy, even Southwest China's Guizhou province, a relatively poor region, has made Switzerland an example of its efforts to reduce poverty.

  • Published by, 10th Apr 2017 in category Bilateral Relations in English

    From 12 to 19 April 2017, Federal Councillor Ueli Maurer, Head of the Federal Department of Finance (FDF), will lead a delegation from the Confederation and Swiss financial centre players on a trip to Beijing, Shanghai, Hong Kong and Singapore. Visits to ministries and authorities, state institutions and financial centre players are envisaged. The talks will focus on bilateral and multilateral issues, and concrete cooperation at the state and private-sector levels. In particular, the optimum framework conditions for supporting innovation in the financial sector, for investments and financial services will be broached, as will the role and opportunities for Swiss financial institutions locally and those of the countries concerned in Switzerland, as well as interest in implementing and drawing up global standards concerning financial matters. This exchange with state and private-sector players from the most important financial centres in the Asian region will take place in the context of Switzerland's financial market policy for a competitive Swiss financial centre. This underlines the strengths of the Swiss financial centre and actively safeguards Switzerland's interests in this area. This also includes opening doors for the sector overseas. It is therefore desirable to achieve a public image that is as consistent and effective as possible together with the sector. Switzerland has one of the best, most secure and most competitive financial centres in the world thanks to its excellent framework conditions.

  • Published by, 07th Apr 2017 in category Bilateral Relations in English

    Swiss Federal Councillor Guy Parmelin, head of the Federal Department of Defence, Civil Protection and Sport (DDPS), paid an official work visit to China from 30 March to 3 April. He was received by the Chinese Minister of Defence CHANG Wanquan in Beijing. This official visit by Defence Minister Guy Parmelin to his Chinese counterpart CHANG Wanquan is the first high-ranking meeting at ministerial level since the state visit of Chinese President XI Jinping to Switzerland in the middle of January. Federal Councillor Parmelin was also received by the Vice President of China’s Central Military Commission, General FAN Changlong, for a brief bilateral exchange. In addition, a visit was planned to a helicopter brigade which is primarily involved in natural disaster relief and rescue operations on behalf of the civilian population. From 2005 to 2009, the Swiss Armed Forces Joint Staff and the Department for Humanitarian Aid of the Swiss Agency for Development and Cooperation provided support in setting up the Chinese rescue team. In parallel, the DDPS conducted various training sessions and workshops in China on earthquake rescue operations.

  • Published by, 04th Apr 2017 in category Bank / Finance / Insurance in Chinese

    On 21 March, Zurich General Insurance run officially their business in Guangdong Province and this is the third branch in China. Zurich General Insurance started the Beijing Representative Office in 1993 and became the first insurance company from European continent settling their representative office in China. By now, with the opening of Guangdong Branch, Zurich General Insurance completed the Chinese strategy plan. Zurich General Insurance showed strong confidence in the business opportunity provided by the “One Belt One Road” Strategy.

  • Published by, 01st Apr 2017 in category Legal / Tax / Consulting / Services in English

    DKSH Business Unit Healthcare, Asia's leading Market Expansion Services provider for healthcare companies seeking to grow their business in Asia, has been appointed by Johnson & Johnson, a leading multinational healthcare company, to grow its consumer health business in Hong Kong. Under the agreement, a dedicated DKSH team will provide marketing, sales, distribution and logistics activities in both the retail and in professional healthcare outlets such as hospitals, clinics, doctors or pharmacies all over Hong Kong.The new partnership with Johnson & Johnson follows an earlier announcement where DKSH has been appointed by the consumer goods multinational Procter & Gamble to sell and distribute their brands in Hong Kong. The agreement is as well another proof that in more complex market conditions, clients tend to increasingly outsource parts of the value chain to market expansions services providers like DKSH.

  • Published by, 29th Mar 2017 in category BUSINESS NEWS in English

    Demand for Swiss watches has improved, driven by a rebound in Chinese purchases, the head of luxury group LVMH's watch business Jean-Claude Biver said on Tuesday. "There's a real rebound in Mainland China and, thanks to Chinese tourists, this will help watch sales elsewhere," Mr. Biver added on the sidelines of the launch of its new smartwatch. Swiss watchmaker TAG Heuer, owned by LVMH, with its partners Intel Corp and Google on Tuesday launched a connected watch that it hopes will seduce tech geeks and traditional watch lovers alike by letting them swap the connected module for a mechanical movement.

  • Published by, 26th Mar 2017 in category Engineering / Manufacturing in English

    There is a factory in southwest China’s Chengdu City, which, should you want to visit, has a one month waiting list.The attraction? A successful realization of China’s ambitious industrial evolution plan “Made in China 2025.”Itleads an expected result: exceptional levels of productivity and quality. China’s government understands that multinational companies have the potential to play a vital role in the renewal of its economy, but multinationals must also understand that China needs reliable partners, partners who think long term and do not sidestep the challenges ahead, CEO of Siemens pointed out. Many foreign manufacturers rushed to open factories in China, to capitalize on the cost effectiveness of “Made-in-China.” With China well on track to boost its global competitiveness through “Made in China 2025,” the widespread application of digital technology could further accelerate progress in energy efficiency and productivity, according to ABB CEO, Ulrich Spiesshofer. “Few countries are better positioned than China to embrace the digital revolution with the world’s most Internet users, largest digital retail market and most machine-to-machine mobile connections”, Mr. Spiesshofer added. He also said that ”The challenge is to integrate Chinese enterprises into the digital economy by connecting their robots, machines and plants to the industrial Internet and we could provide such information as well as digital know-how”.

  • Published by, 23rd Mar 2017 in category General Interest in English

    he world's biggest watch fair will open in Switzerland this week, even as slumping exports of luxury Swiss timepieces appear to dash hopes of a market rebound.Global exports of Swiss watches slid 10% in February to CHF 1.5 billion (USD 1.5 billion, EUR 1.4 billion), the Federation of the Swiss Watch Industry (FHS) said Tuesday.The news cast a shadow over the looming Basel world trade fair, which opens its doors to the media on Wednesday and to the public a day later.The giant gathering in the northern Swiss city of Basel is the highlight of the year for watch and jewellery makers, with hoards of retailers looking to fill their showcases with pricey bling.Investors had been hoping this year's 45th edition would open on a more positive note amid signs that the market was stabilising and even on the verge of a rebound after two years of deep crisis.

  • Published by, 20th Mar 2017 in category Culture & Society in English

    Singapore and Hong Kong are the most expensive cities in the world, according to the latest survey by the Economist Intelligence Unit. Zurich in Switzerland is third. Meanwhile, Chinese cities also fell down the world rankings, because of the steady devaluation of the renminbi. Beijing fell 16 places to 47, while Suzhou, Guangzhou, and Tianjin fell more than 13 places to share 69th place. Despite the rankings, there is a wide variety between the cities in the costs of different goods and services. The survey is published twice a year and is aimed at human resource and finance departments, to help them calculate allowances and compensation packages for staff.

  • Published by, 17th Mar 2017 in category Bilateral Relations in Chinese

    With billions in sales, Chinese online retailer Alibaba Group reaches customers outside of Asia with its Amazon-like AliExpress – and now offers Swiss ‘gold bars’ along with Swiss Francs at a fraction of the going price. Among the offers on the online retailer’s website are one-ounce (28.3-gram) bars of “high quality gold plated bullion” selling for USD 2.90 (CHF 2.94) each.The bars contain the words “Credit Suisse” and an alleged serial number. Delivery is possible to the United States and some places in Europe – but not to Switzerland.However, the imitation items are nowhere near as valuable as the real thing, which sells for well more than CHF 1,000 per ounce, or over CHF 50 per gram.Credit Suisse told Swiss news portal, which first reported on the fake gold bars, that it would confiscate any such purchases that might turn up at a bank counter, the same as with counterfeit bank notes.