• Published by, 23rd Nov 2016 in category Hospitality / Tourism / Retail in English

    The London Metal Exchange (LME) and Henry Bath (whose shareholders include CMST Development Co Ltd and Mercuria Energy Group) today announce a pilot programme for the launch of the LMEshield commodities safeguarding system in the People's Republic of China (PRC). During the pilot programme, which will run for a period of one year, Henry Bath will issue receipts on the LMEshield system. Receipts will initially be issued for bonded warehouses in Shanghai, with the intention of expanding to other Chinese locations. The LME has selected Henry Bath as its pilot partner because, together with its shareholders CMST and Mercuria, it is in a position to have undertaken the necessary work to ensure that LMEshield can be deployed effectively in the PRC. As the leading Chinese state-owned warehousing company, CMST, together with Mercuria, is ideally-positioned to help Henry Bath to sponsor the rollout of LMEshield into the PRC.

  • Published by, 22nd Nov 2016 in category BUSINESS NEWS in English

    The 12th Horasis China Meeting took place in Interlaken, Switzerland on 7 and 8 November 2016. The Canton of Bern and the China Federation of Industrial Economics co-hosted the event with Shenzhen as a partner city. In his welcome speech, Christoph Neuhaus, Minister of Justice, Government of the Canton of Bern, Switzerland, stressed the importance of the Swiss core values innovation, specialization and internationalization. The Free Trade Agreement (FTA) between Switzerland and China which was concluded in 2014 aims at improving mutual market access for goods and services. ‘The FTA had a positive impact on Swiss companies by decreasing import duties,’ said Susanne Ruoff, Chief Executive Officer, Swiss Post, Switzerland. Wu Yijian, Chairman, Ginwa Investments Holding Group, China, added that ‘the FTA provides an opportunity for business growth and allows Chinese firms to remain competitive in a very cost driven environment.’ 300 senior delegates from business and government gave out their knowledge in plenaries and panel sessions. Some of the panels focused on the globalization of Chinese firms, its increasing digitalization moving towards the Internet of Things; inwards investment in China; and its green revolution.

  • Published by, 20th Nov 2016 in category Bilateral Relations in Chinese

    On 28 October, Chinese Ambassador H.E. Geng Wenbing paid a visit to the new President of government and Director of financial department of the canton of Bern Ms. Beatrice Simon. President Simon warmly welcomed Ambassador Geng and said that as the seat of Swiss Federal Government, Bern has always been committed to developing good relations with China. In April this year, Switzerland and China established an innovative strategic partnership and Bern is facing better developing opportunities of pragmatic cooperation with China in all areas. Ambassador Geng said that as the strategic partnership between China and Switzerland was deepened, more and more Chinese enterprises and tourists are willing to come to Switzerland and Bern for investment and tourism. The bilateral relations and the development of both sides are more substantial and more profound. The Chinese Embassy in Switzerland would like to actively support the friendly relations and cooperation between Bern and Shanxi, Shenzhen, and make joint efforts to push forward the relations between China and Bern as well as the relations between China and Switzerland.

  • Published by, 15th Nov 2016 in category Bank / Finance / Insurance in English

    Swiss Re has entered into an agreement as sole reinsurer to protect seven prefectures of Guangdong province, China, in partnership with local insurers led by the People's Insurance Company of China (PICC) in 2016. The pilot helps protect China's most prominent economic hub against the financial impacts of natural disaster risk and the first payout was already triggered after super-typhoon Haima made landfall in the city Shanwei on 21 October 2016. The program will be rolled out in a total 10 prefectures by the end of this year. The pilot program offers insurance cover for a maximum value of USD 350 million, and is expected to be adjusted and renewed annually. It uses rainfall and tropical cyclone wind speed indices to trigger policy claims, ensuring fast payout. This is the second pilot programme to protect the balance sheets of provincial governments in China against the economic impacts of major disasters. It complements the previously announced reinsurance protection scheme in Heilongjiang province, announced on 3 August 2016 this year, which focuses primarily on poor rural communities. Swiss Re developed both programs in response to the Chinese Central Government's imperative to build a Disaster Insurance System. The schemes could serve as a model to insure other provinces in the country.

  • Published by, 10th Nov 2016 in category Engineering / Manufacturing in English

    ABB has won an order of over USD 40 million to provide advanced power equipment to the 800 kilovolt (kV) Dianxibei-Guangdong ultra-high-voltage direct current (UHVDC) transmission link. The project, operated by China Southern Power Grid Company Limited, one of the country’s two major grid operators, is expected to transmit 5,000 megawatts (MW) of power over a distance of more than 1,950 kilometers. The order was booked in the third quarter of 2016. The link will transmit clean hydro-power from Yunnan province in southwestern China to the Pearl River Delta region in Guangdong, one of the most densely urbanized regions in the world and a major economic and manufacturing hub of China. The link has the capacity to meet the annual power consumption needs of over 10 million people based on average per capita national consumption. It will also help the region to significantly reduce coal consumption and mitigate carbon dioxide and sulfur dioxide emissions.

  • Published by, 08th Nov 2016 in category Engineering / Manufacturing in English

    Global biotechnology company Roche Group is committed to driving innovation forward in China, which offers a market of 1.3 billion people. With its research and development capabilities in pharmaceuticals and diagnostics, the company has positioned itself to promote personalized healthcare and contribute to China's precision medicine initiatives. Roche's CEO Severin Schwan shared his insights with China Daily reporter Wang Hongyi. As a world-leading biotechnology company, Roche is very much led by science and driven by innovation. Roche leads the industry with advances in personalized healthcare and our strong oncology portfolio. R&D receives a greater share of our spending than marketing. The focus of innovation center is very much aligned with the diseases that have a high unmet medical need in China, such as Hepatitis B, which is one of the most prominent diseases in the country. They hope the new innovation center will spur collaboration between Roche and local research institutions, helping to attract top research talents from both China and overseas.

  • Published by, 04th Nov 2016 in category General Interest in English

    Comparing to the past, people are enjoying longer healthy life expectancies as the living standard has been greatly improved. Consequently we are witnessing a larger ageing population. Facing this issue, how can we help to make their senior life better? With the fast development of science and technology, the application of its achievement on “Healthy Ageing” has given us an answer. On the topic of “Healthy Ageing”, a delegation of experts from various universities of applied sciences in Switzerland is having a study trip in China, Japan and Korea. Concerning the programs in China, there are mainly 2 parts, Beijing part and Shanghai part. The healthy ageing study trip in China started with a workshop at the WHO China office in Beijing. On the occasion of a delegation visit from Swiss universities of applied sciences consisting of experts in the area of ageing, the Embassy of Switzerland in China then organized a panel discussion and reception with respective Chinese colleagues on the Topic: The Future of Ageing in Switzerland and China: Trends, Challenges and Opportunities. During their stay in Shanghai, they’ve had 3 events, namely, Welcome Dinner on Oct. 19th, Workshop at swissnex and Campus Visit & Roundtable Discussion at Novartis on 20 October as well as Field Trip in Suzhou on 21 October.

  • Published by, 01st Nov 2016 in category Culture & Society in English

    This year nearly 31 leading contemporary galleries from domestic and abroad will participate and bring works from the most dynamic and pioneering artists to the fair. A wave of enthusiasm for contemporary art will have swept over Shanghai by that time. Switzerland will mark its presence at the West Bund Art and Design in several respects: Starting on 8 November, distinguished Swiss speakers will welcome the invited guests at the opening reception and promote Switzerland as a country which not only offers breathtaking landscapes, but also a great variety of art exhibitions and a rich cultural heritage in many prodigious museums. Moreover, supported by Pro Helvetia, there will be a Swiss Pavilion at the West Bund Art and Design Fair which features the ECAL Graphic Design Exhibition, a collection of outstanding art projects by students of the leading Swiss design academy, the University of Art & Design Lausanne.

  • Published by, 31st Oct 2016 in category Bilateral Relations in English

    Switzerland is opening a consulate general in November in the economic hot(s)pot Chengdu, the provincial capital of Southwestern China’s Sichuan, as part of the government’s efforts to promote business between China and Switzerland and to further boost Sino-Swiss bilateral relations. Mr. Frank Eggmann has been appointed the consul general. An official opening ceremony of the consulate general has been scheduled for early 2017. The Swiss Federal Department of Foreign Affairs (FDFA) decided to open a consulate general in Chengdu following a decision of the Federal Council. This will be Switzerland's fifth official representation in China, in addition to the embassy in Beijing and the consulates general in Shanghai, Guangzhou and Hong Kong. The tasks of the new consulate general will focus on the economy, trade, innovation and tourism. “To open the consulate general in Chengdu recognizes the exciting prospects this city and region holds for Sino-Swiss relations. The new consulate general will no doubt upgrade the visibility of Switzerland in Western China and help promote the image of the innovative, creative and competitive Switzerland of today through either business or cultural activities,” said Swiss Ambassador to China Jean-Jacques de Dardel.

  • Published by, 28th Oct 2016 in category BUSINESS NEWS in English

    The European Union (EU) regulators have greenlighted the acquisition of Swiss aircraft solutions provider SR Technics by Chinese conglomerate HNA Group, the EU said on Tuesday. The European Commission, the bloc's executive body, in a statement said that the proposed acquisition "would raise no competition concerns, because there are only limited overlaps between the companies' activities." HNA Group, founded in 1993, is a Chinese conglomerate encompassing core divisions of aviation, holdings, capital, tourism and logistics. SR Technics is a technical aircraft solutions provider, offering maintenance, repair and overhaul services for commercial aircraft. In September, the Commission approved HNA's acquisition of Swiss Gategroup, which provides catering services and retail on-board aircrafts and other related ancillary activities such as on-board service equipment and supply chain and logistics solutions or management of airport lounges.