Reader's Digest > 1 May - 15 May

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Reader's Digest, 1 - 15 May

Swiss and Chinese Business Related News in Switzerland and China

BILATERAL RELATIONS

The Consul General Ms. Mao Jingqiu Paid a Visit to Canton of St. Gallen
Published by chineseconsulate.org, 12th May 2015
On 11 May, the Consul General Ms. Mao Jingqiu paid a visit to the canton of St. Gallen, invited by Mr. Benedikt Würth, the Cantonal Minister for Economy. They exchanged extensive views on deepening bilateral relations of economics and trade, cultural exchanges and cooperation of colleges and universities between the canton of St. Gallen and China. The Consul General Ms. Mao also visited companies in St. Gallen, such as Saurer, Fatzer, Geobrugg and DGS in order to get information about business cooperation with China and their business in China. The canton is located in the northeast of Switzerland. It is bounded to the north by the Lake Constance (Bodensee), to the east by Austria and Liechtenstein. It is the sixth largest carton of Switzerland. The main industries are manufacturing, instrumentation, textile and services.
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BUSINESS NEWS

Sino-Swiss Business Awards 2015
Published by swisscham.org, 11th May 2015
After a first successful edition in 2013 which was attended by more than 300 guests, including top economic and political leaders from both Switzerland and China and the exceptional presence of Federal Councillor J. Schneider-Ammann, SwissCham Beijing is delighted to invite you to enter the second edition of the Sino-Swiss Business Awards 2015. During this exclusive Gala Evening, which will be held in September (exact date TBC) at Rosewood Beijing, SwissCham will honour companies and individuals who have achieved distinct results and demonstrated the highest level of commitment to the Swiss-Chinese community, Swiss foreign trade and the promotion of Switzerland in China and vice-versa. Visit our website for the application form and exposure opportunities.

Don’t Pre-Judge China-Led AIIB: World Bank MD
Published by Matthew Allen, swissinfo.ch, 13th May 2015
The impending creation of the Chinese-led Asian Infrastructure Investment Bank (AIIB) has been applauded by World Bank managing director Betrand Badré, despite United States objections to the new development financing vehicle. Switzerland is one of 56 countries to have expressed an interest in joining China as an AIIB founding member. Dubbed the ‘Chinese World Bank’ by the media, the AIIB aims to get off the ground by the end of the year once it has established a set of operating ground rules. The US and Japan have so far snubbed the Beijing-based institution, doubting China’s ability to apply proper corporate governance. But the stand-off has been widely interpreted as a wider struggle for political influence in Asia.

China’s Key Industries of the Future
Published by s-ge.com, 30th April 2015
Which economic sectors in China have the most promising prospects? What are the government’s priorities in terms of promoting key industries? In view of the (legal) optimizations (starting with liberalizations/deregulations) and investments (including, increasingly, from the private sector) announced by the government, the most promising industries in China include the following:  Private banks, Railways, Water, Tourism, Care of the elderly and health, Logistics, IT, Production of “high-end equipment” and Environmental protection and energy efficiency.

China Construction Bank Applies for Swiss Licence: FINMA
Published by economictimes.com, 29th April 2015
State-owned China Construction Bank (CCB) has applied to Switzerland's FINMA for a banking license in the country, a spokesman for the regulator said on Wednesday. Chinese state-owned banks have been aggressively expanding overseas in recent years, partly aiming to facilitate the internationalization of the Chinese yuan currency. "I can confirm that we received an application for a Swiss banking license by the CCB this month," a FINMA spokesman said in an emailed statement.
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CULTURE & SOCIETY

Photo Exhibition: China between Yesterday and Tomorrow
Published by eda.admin.ch, 1st May 2015
Swiss journalist and photographer Fernand Gigon (1908 - 1986) travelled extensively in China in the 1950s. He was particularly impressed by the huge amount of people - 600 million at the time - who set out to a new age in the name of communism and had to find their own way into the modern world. He then focused his lens on the commoners who kept their pride and dignity under difficult conditions. The photo exhibition, organized by the Consulate General of Switzerland in Guangzhou, features 65 photographs characterized with a sense of beauty and the poverty of everyday life.

"East Meets West - Brugge Baue" by Sonja Rösli
Published by switzerland65china.com, 1st May 2015
After three extraordinary weeks the tour of the three Swiss artists Sonja Rösli, Superhorn Walti Sigrist and drEidgenoss (managed by Tobias Schmidt) came to an end. Everywhere they went their perfomances were a great success. Wheter for Swissmooh in Qingdao or for the new Restaurant Swisstaste in Beijing the audience was fascinated. In the workshops at 11th middle school and Li Da School in Yongzhou participated over 180 pupils and the shows at the end of each workshop reached more than 2000 students. They also performed at the Yongzhou University and will be back this year. In October Sonja Rösli and Tobias Schmidt will travel with the first class Swiss piano duo Arteanimi for another cultural exchange in an innovative style through China.

J. Rickenmann 4tet China Tour
Published by eda.admin.ch, 1st May 2015
Swiss saxophonist and composer Juliane Rickenmann, who worked as a saxophonist in the southern city of Chengdu for two years, comes back to China in June with her group J. Rickenmann 4tet. During their seven - city tour, the group will play music from her new album Emei, inspired by the sacred and massive Buddhist statue atop Emei Mountain in Chengdu.
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GENERAL INTEREST

Chinese Timepieces are Better Noticed at this Year's Basel Fair
Published by China Daily, 8th May 2015
Since returning to Beijing from the world's leading watch and jewelry show, Baselworld, held in Switzerland, Wang Mengjin, has had his hands full. Wang, the counselor for China Horologe Association, the national-level body supervising the industry, has witnessed China's watch industry grow in the past few decades. He says its golden period has arrived. Wang says attending Baselworld in March, helped establish that understanding. About 20 Chinese watchmakers attended this year's fair, with three even invited to Hall No 1, which is usually preserved for the best in business.

Swiss Pilot Anxious, Excited to Fly Solar Plane from China to Hawaii
Published by foxbusiness.com, 3rd May 2015
A pilot said Sunday that he is anxious but excited about flying a solar plane solo from China to Hawaii on the longest leg of the first attempt to fly around the world without a drop of fuel. André Borschberg, 62, is due to fly over the Pacific Ocean for five days and five nights in the plane that has more than 17,000 solar cells on its wings to power its motors and recharge its batteries for nighttime flying. The Solar Impulse 2 set off from Abu Dhabi in March and has stopped in Oman, India and Myanmar. Borschberg and another Swiss pilot, Bertrand Piccard, are taking turns flying the single-seater Swiss plane during a five-month journey to promote renewable energy use. The 8,175-kilometer (5,079-mile) flight from Nanjing in eastern China to Hawaii — which may take off Thursday, depending on weather — is the seventh of 12 flights. None of the previous legs were more than 20 hours — compared with an estimated flight time of 120 hours to Hawaii.
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INDUSTRIES

Engineering / Manufacturing

10 Years of German-Swiss Quality Standard in China
Published by glassonweb.com, 8th May 2015
For Bystronic glass, this year’s China Glass trade fair, which will take place from 20 to 23 May 2015 in Beijing, will be characterised by the 10th anniversary of the Bystronic glass location in Shanghai.  Together with its customers and guests, Bystronic glass will celebrate this jubilee during a daily Happy Hour with German Beer and a Swiss alpine hut. This emphasises the high German-Swiss quality standard of the Chinese production location. The exhibit B’COMFORT offers manufacturing for gas-filled insulating glass units at an excellent cost/performance ratio. In addition to the proven Bystronic glass quality, the B’COMFORT guarantees excellence with high productivity, low investment costs, a compact system layout and numerous individual expansion levels.

ABB Wins 4 Awards at China Automation Industry Annual Conference
Published by abb.com.cn, 7th May 2015
At the China Automation Industry Annual Conference 2015 (CAIAC 2015) and the 10th annual Chinese Automation Industries Event held in Beijing last month, ABB was awarded in four prestigious categories: “Top 10 Automation Enterprises of 2014”, “Top 10 Competitive Innovative Products of 2014”, “10 Most Influential Engineering Projects of 2014”, and “China Automation Team of the Year in 2014". These awards demonstrate ABB’s leading position in automation, especially in the fields of R&D capability, engineering services and comprehensive strengths. The CAIAC is hosted by the Chinese Association of Automation (CAA) and has been held each year since 2006. The event aims to recognize the progress and highlights of the past year within the Chinese automation industry based on a “fair, impartial, transparent, and professional” standard. The 2014 award recipient selection began in December 2014. After initial candidate recommendations, expert evaluations, and online voting over the course of four months, the committee decided on the winners of the 2014 awards.

Worldwide Most Advanced Application and Research Centre in China
Published by sinoptic.ch, 27th April 2015
China is one of the most important markets for the textile industry. In the context of the expansion in Asia, on 28 April 2015 Rieter officially inaugurates the first Application & Research Centre for Spinning Technology in China. It is the most advanced in the world and is a key element in Rieter's range of services. The facility will contribute towards further positive development of the Chinese spinning industry. Representatives of the Changzhou government and the Chinese textile industry are attending the inauguration. Alongside numerous Rieter partners and customers, representatives of the Changzhou government, the China Textile and Apparel Council (CNTAC) and the Chinese textile industry participate in the inauguration. The new spinning centre offers our customers not only a unique new service, but also makes a significant contribution towards the further positive development of the Chinese textile industry“, said Group CEO Norbert Klapper.
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Bank / Finance / Insurance

Freer Mainland Access Seen for Global Investors
Published by China Daily, 1st May 2015
The upcoming Shenzhen-Hong Kong Stock Connect program - the second of its kind between the SAR and the mainland - will provide foreign investors with freer access to the mainland's high-growth sectors, as well as fairer exposure to the country, UBS bankers say. The Swiss-based bank said on Friday overseas investors are looking forward to the new cross-trading link, expected to be launched later this year, with interest and anxiety. "The market access program with Shenzhen will be another milestone in the evolution of the opening up of the mainland market. Shenzhen's stock exchange has a widely different composition compared with Shanghai's. While the latter is known for more matured business and blue chips, Shenzhen leans to newer economies, non-cyclical industries and SMEs (small- and medium-sized enterprises)," said Damien Horth, head of Asia Pacific equity research at UBS AG.
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Hospitality / Tourism / Retails

Xi’an Logistics Park to Hold Wine Festival
Published by China Daily, 11th May 2015
The International Trade and Logistics Park in Xi’an city, Shaanxi province, will hold the Fourth International Wine Festival on 30 May. The festival is expected to provide an increased amount of business opportunities for enterprises and give customers wine culture and wine selection knowledge. In addition to wine chateaus and associations from France, Italy, Spain and Germany that have previously attended the festival, chateaus from Canada and Switzerland have been invited to this year’s event. Gernot Haack, CEO of Switzerland’s Mövenpick Group, has decided to attend the festival with his team to look for further cooperation deals.

IWC's 'Panda' Watches on Sale in China
Published by China Daily, 8th May 2015
Swiss luxury watch brand IWC Schaffhausen launched its products made for the Beijing International Film Festival in April. The limited edition series of 50 timepieces are being sold in Beijing and Shanghai, and have earned the name "panda watches" because of their black and white colors. Each watch is priced at RMB 97,000 (USD 15,646). "Chinese is our largest consumer group and they are buying our products worldwide. It's clear that China is the most important market for us in Asia," Goris Verburg, managing director of IWC Schaffhausen North-East Asia, said at a recent media conference in Beijing. The Swiss brand has a history of association with film festivals across the world. It sponsored festivals in London, Zurich, Dubai and New York. In China, it has been a sponsor for the annual film event in Beijing since 2013. The company says that it will extend the sponsorship by another three years.
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Legal / Trade / Consulting / Services

Compliance and Business Culture in China
Published by compliancedigital.de, 30th April 2015
Dr. Rothlin from Rothlin International Management Consulting, Ltd. has been featured in an interview by Jacques Fourrier in the Beijing Review. The interview focused on ethics in China and how Dr. Rothlin is contributing to that narrative through his work with Rothlin Ltd. He also found feature in Compliance Digital with an article he wrote titled: Compliance and Business Culture in China. Conventional wisdom on compliance in China for multinational corporations will likely begin by pointing out that doing business in China is both rewarding and challenging. On the one hand, China continues to lure investors, since the prospects of gaining access to the world’s largest consumer base and fastest growing markets are an opportunity that hardly any Western CEO can afford to miss. On the other hand, both market entrants but also companies with decades-long China experience are becoming increasingly wary over the risks involved doing business there, especially in light of the recent and widely publicized series of prosecutions that suggest to some that foreign businesses will be held to higher standards than their local competitors.

Online Course on Business Ethics
Published by eda.admin.ch, 30th April 2015
An innovative and high quality course Massive Open Online Courses on Responsible Entrepreneurship was launched on 22 April, to introduce key elements of entrepreneurship and ethics with convincing arguments and video interviews with Chinese and international entrepreneurs. The course is a joint project among the University of International Business   and Economics, Rothlin Ltd. and the China Trade Institute. The Swiss Development and Cooperation Agency works as a sponsor and provides strategic guidelines. Interested? Enrol in the course at: www.uibeonline.cn.
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Disclaimer: SwissCham's Reader's Digest is a bi-weekly publication. Editorial, advertising and news published in the Reader's Digest are for advertisement and/or information purposes only and do not necessarily reflect the views of the Swiss Chamber of Commerce in China, of its Board, its members or its staff. SwissCham therefore rejects any liability related to the accuracy of and/or views reflected in the newsletters.