• 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.

  • 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.