• Published by, 25th Apr 2017 in category Bilateral Relations in English

    Swiss Finance Minister Ueli Maurer has been touring China for the past week. On several stops along his trip, Maurer has given speeches and interviews detailing Switzerland’s hopes in strengthening financial ties with China and in sharing Fintech knowledge.Speaking with China Global Television Network, Maurer was quoted as saying:Over the past three years, we have had a regular financial dialogue with China and we will continue this exchange with concrete projects related to financing and investment, such as One Belt One Road. We are interested in cooperation with China in the areas of Fintech and banking supervision. The Belt and Road Initiative, China’s modern-day take on the Silk Road, is a strategy for mutual economic growth between East and West through cooperation, openness, and inclusiveness. Jörg Gasser, Swiss state secretary for international financial matters, who accompanied Maurer on the trip, remained more reserved, saying:Given the Belt and Road Initiative is a grand plan, we want to know China’s consideration and plan before we find a specific way to take part in the initiative, such as on large infrastructural projects and risk control in financial sectors. In accordance with the Belt and Road Initiative, both countries have agreed to allow entry into each other’s financial markets. The proportion of openness may not be entirely equal, however. Regardless, Switzerland is committed to strengthening the bond between the two Countries.  Swiss President Doris Leuthard will be attending the Belt and Road Forum for International Cooperation in Beijing on 14 and 15 May.

  • Published by, 22nd Apr 2017 in category Engineering / Manufacturing in English

    China National Chemical Corp(ChemChina) won the European Union's antitrust approval for its USD43 billion takeover of Swiss pesticide maker Syngenta AG, a day after the US gave its blessing, bringing China's largest foreign acquisition closer to the finish line. ChemChina's offer to divest some pesticides and other agricultural products will remove "problematic overlaps" and allow EU regulators to clear the deal, the European Commission said in an emailed statement. The takeover, announced a year ago, is one of a trio of megadeals that would reshape the global agrochemicals industry. If the deal is completed, ChemChina Chairman RenJianxin would become the head of a chemicals giant that sells products as varied as rubber tires, pesticides and genetically modified crop seeds.


  • Published by, 19th Apr 2017 in category General Interest in English

    A total of 62 overseas NGOs have registered with public security authorities and set up representative offices on the Chinese mainland after a new law regulating overseas NGOs took effect 1 January. Among the 62 NGOs, which include those in fields such as the economy, education and environmental protection, 27 are from the United States, including the Bill and Melinda Gates Foundation and the US-China Business Council.The other 35 come from 14 regions and countries, including the Hong Kong Special Administrative Region, Britain, Germany and Switzerland."With simplified procedures and less time spent, the registration went smoothly under the new law," said Jacob Parker, vice president of China Operations of the US-China Business Council, an organization of American companies in business with China.The new law, which was adopted last year, requires all overseas NGOs to secure approval from Chinese authorities before they operate on the Chinese mainland.

  • Published by, 16th Apr 2017 in category Culture & Society in English

    (PICTURE) Photo taken on 10 April 2017 shows the traditional Chinese Gusu Garden in Geneva, Switzerland. The Chinese-style Gusu garden situated inside the World Trade Organization's Geneva headquarters was formally opened on 13 February 2013. It was named after the ancient Chinese city of Suzhou, a city in south China known for its UNESCO-listed classical gardens. The Ministry of Commerce of China and the Municipal Government of Suzhou jointly offered the Gusu Garden to the WTO as a symbol of China's long-lasting confidence in the multilateral trading system.

  • 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.