News

  • Published by 24 heures, 12th Apr 2013 in category Hospitality / Tourism / Retail in French

    Givaudan, the world’s leading fragrance and flavour company, today laid the foundation for its new world-class, manufacturing facility dedicated to savoury flavours, in Nantong, China. Located in the heart of the most economically developed area of China, the new facility will substantially increase Givaudan’s current savoury production capacity and enable it to serve customers in China more efficiently. Representing a total investment of RMB 335 million (CHF 50 million) – it is Givaudan’s largest investment in China since 2006.

  • Published by Bilan, 10th Apr 2013 in category Bilateral Relations in French

    The Chinese education system, as many elements of the Chinese model, is undergoing significant reforms. The government aims to reduce bureaucracy and give more decision power to the universities. Several plans are set to improve the quality of education in Chinese universities. On the other hand, foreign universities have a strong interest  to establish academic cooperation with their Chinese counterparts. Switzerland also signed a  number of Memorandums of Understanding in this regard, although there isn't a Swiss campus in China for the time being. However, New Huadu Business School, launched in 2010 with the support of a wealthy Chinese businessman and the Chinese authorities, chose Zurich as its first campus abroad. This is a landmark for the Chinese academic landscape and also an excellent news for Switzerland.

  • Published by xinhuanet.com, 10th Apr 2013 in category Legal / Tax / Consulting / Services in Chinese

    The State Council has announced the expansion of the current Business to Value Added Tax ("B2V") Pilot Program nation-wide, effective Aug 1, 2013. This includes the existing industries and further extends the scope of Modern Services to encompass the production, broadcasting and distribution of media and cinematic productions. In addition, railroad transportation, postal and telecommunications will be added at the appropriate time. The aim is still to complete the B2V within the 12th Five-Year Plan.

  • Published by scmp.com, 08th Apr 2013 in category Bank / Finance / Insurance in English

    Credit Suisse, the second-largest bank in Switzerland, will focus on developing its wealth management and investment banking businesses in Asia in the next few years to tap the region's rapidly growing prosperity. According to Credit Suisse's Global Wealth Report, China will surpass Japan as the world's second-richest country by 2017, with total household wealth exceeding USD 38 trillion. "Asia is definitely Credit Suisse's focus of future development," said chairman Urs Rohner in an exclusive interview with the Post on a recent trip to Hong Kong.

  • Published by China Daily, 05th Apr 2013 in category Hospitality / Tourism / Retail in English

    Traditional Chinese medicine, or TCM, is now gaining in popularity in Western markets due to the increasing demand for a more modern and nature-friendly lifestyle. Last November, Nestle Health Science, a fully owned subsidiary of Nestle SA, and Chi-Med, the pharmaceutical and healthcare subsidiary of Hong Kong-based Hutchison Whampoa Ltd, agreed to form a 50-50 joint venture to research, develop, manufacture and market innovative nutritional and medicinal products derived from plants. In 2009, Switzerland-based Novartis AG announced TCM-related R&D in China and plans to spend RMB 500 million (USD 80 million) to merge and acquire Chinese TCM enterprises in the coming years.

  • Published by China Daily, 04th Apr 2013 in category Hospitality / Tourism / Retail in English

    Global food giant Nestle plans to build a coffee center in southwest China's Yunnan province, according to an agreement signed on 2nd April. According to a memorandum of understanding inked by the municipal government of Pu'er and Nestle, the Switzerland-based company will spend RMB 100 million (USD 15.97 million) to build a coffee farming institute, warehouses and a laboratory. The farming institute, which will be the largest of its kind in China, will provide training to 5,000 coffee farmers, agronomists and business professionals each year, according to an online statement from Nestle.

  • Published by altassets.net, 04th Apr 2013 in category Bank / Finance / Insurance in English

    Alternative investment LGT Capital Partners has opened a new office in Beijing to serve as a hub for the firm’s private equity investment activities in mainland China. LGT managing partner Ivan Vercoutere said, “We have been investing in mainland China for almost 10 years, and the new Beijing office reflects this market’s growing importance for LGT Capital Partners. LGT has over USD 25 billion in assets under management and more than 300 institutional clients. Headquartered in Pfaeffikon, Switzerland, the firm has offices in North America, Europe and Asia.

  • Published by China Daily, 03rd Apr 2013 in category Business in English

    According to data from ISPO BEIJING, organizers of the 9th International Tradeshow of Sports Equipment and Fashion in Asia, which opened in Beijing in late February, the Chinese outdoors industry was worth RMB 11 billion (USD 1.78 billion) in sales in 2011, a year-on-year growth of more than 40 %. Li Chen, the marketing manager of Mammut China, the local arm of Mammut Sports Group AG, the Swiss producer of mountaineering and trekking equipment, attended the huge trade show. "We entered the Chinese market at the start of the year, and we think the market will be huge," Li said.

  • Published by scmp.com, 03rd Apr 2013 in category Business in English

    After reaching the height of European design excellence, Laufen takes Asia by storm with its award-winning bathroom solutions. The company's commitment to quality and design has given rise to its latest line of ceramic bathroom pieces. Made of Laufen's revolutionary material called SaphirKeramik, the pieces can be moulded into various forms that were not previously possible with ordinary ceramics. With the mainland among the company's top five markets, Laufen has also opened ultramodern showrooms in Beijing and Shanghai where it has close relations with leading developers and master dealers. Laufen has a dedicated team on the mainland and maintains an office in Hong Kong.

  • Published by cqnews.net, 29th Mar 2013 in category Bilateral Relations in English

    Chongqing established friendly city-state relations with the canton of Zurich, according to the vote result in the second session of the 4th People’s Congress of Chongqing on 27th March. Recently, Chongqing has a closer cooperation with Zurich under the supports of the Foreign Affairs Ministry and the embassies and consulates in Switzerland.

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