Zurich Insurance’s Asia Plans
Zurich Insurance is contemplating how to get bulk back up in China after dumping subsidiary New China Life five years ago. What are the Swiss insurer's plans? Switzerland's largest insurer has blown hot and cold in Asia and China in recent years. The insurer's top man in Asia, Jack Howell, has made clear that Zurich is keen to [...]
Xi Vows Clean, Beautiful World

President Xi Jinping has extended his greetings to the opening of the Eco Forum Global Annual Conference Guiyang 2018, which opened in the capital of southwestern China’s Guizhou province. “Ecological conservation concerns the future of the mankind, and it’s the common goal of all nations to build a green home,” Xi said in a congratulatory letter to the forum. “China highly values ecological and environmental protection,” the president said. Xi said he believed that the annual conference – this year themed “Embracing a new era of eco-civilization: green development with high priority to ecology” – would help all parties strengthen consensus and cooperation for the development of global ecological civilization. The three-day conference includes seven summits, 10 themed forums, five international workshops and international consultation sessions, as well as some featured activities. Besides inviting international stakeholders, the eco forum has made international exchange and cooperation key parts of its agenda. The Sino-Swiss Dialogue, held annually since 2014, brought together guests from both countries for in-depth conversations in fields like technological innovation. “For a long time, Switzerland has paid attention to the relationship between development and environment, and found a successful path of green development for an inland mountainous country like itself. Guizhou should learn from its experience,” said Lu Yongzheng, vice-governor of Guizhou.

Geneva Chamber of Commerce partners with SRCIC to consolidate ties under B&R
5 July, 2018, Geneva Chamber of Commerce, Industry and Services signed a strategic partnership MoU Thursday in Shanghai with Silk Road Chamber of International Commerce (SRCIC) for enhancing economic and innovative cooperation. Both parties agreed to forge a partnership to boost development in countries along the Belt and Road. Mr. Vincent Subilia, deputy director-general of [...]
Geneva Chamber of Commerce Partners with SRCIC to Consolidate Ties under B&R

On 5 July 2018, Geneva Chamber of Commerce, Industry and Services signed a strategic partnership MoU Thursday in Shanghai with Silk Road Chamber of International Commerce (SRCIC) for enhancing economic and innovative cooperation. Both parties agreed to forge a partnership to boost development in countries along the Belt and Road. Mr. Vincent Subilia, deputy director-general of the Geneva Chamber, said the agreement would feature a robust catalyst for growth to benefit the chamber members. ÒGeneva’ s and Swiss’ companies would play a more active role in the Belt and Road Initiative,Ó Subilia added. Ms. Tian Xiaohong, deputy secretary-general of SRCIC, said Geneva not only embraced many companies in high-end industries but gathered resources from all over the world as an important international city. The MoU was one of several agreements signed during a 10-day visit to China by a Geneva business delegation composed of government officials and entrepreneurs.

Inaugural Edition of Swiss Innovation Week: at the Heart of Digitalization

The Embassy of Switzerland in China is dedicating for the very first time a full week to Swiss innovation from 2 to 6 of July. With digitalization as its main topic, the Swiss Innovation Week (SIW) 2018 featured a number of interactive events and activities to showcase SwitzerlandÕs outstanding technology-driven creation process, its innovative prowess and related mechanisms, especially the bottom-up model. With the aim to reinforce Switzerland Õs leading position as a location for innovation, the SIW also demonstrated the achievements and potentials of bilateral collaboration in this domain between Switzerland and China. The unprecedented Swiss Innovation Week at the embassy featured concrete projects at full spectrum and covered topics in a wide range of areas that were key in the Sino-Swiss bilateral relations, including finance, science, art, research, education, sustainability, as well as humanitarian efforts. The events was held during the week draw special attention to the latest advancements in the field of digitalization, virtual reality and artificial intelligence. A multitude of formats such as product presentations, interactive display, panel discussions and artistic performances made the topic of digitalization easily accessible to visitors. Swiss institutions participating in the SIW included swissnex China, Switzerland Innovation, the International Committee of the Red Cross, as well as companies like NestlŽ, Mercuria, Caran d’Ache, ABB, Wyeth, Adecco, SIGG and Kingnature.

Chinese Embassy to Switzerland Held a Visit for Swiss College Students

The Chinese Embassy to Switzerland held a visit for Swiss students and invited close to 50 teachers and students from 6 Swiss universities of Applied Science and Artsto the Embassy as guests. The Chinese Ambassador Mr. GengWenbing attended the event and delivered a speech. During his speech, Ambassador Geng warmly welcomed the guests. He briefly […]

Major Chinese Bank Opens Branch in Zurich
Industrial and Commercial Bank of China has opened a branch in Zurich, making it the second major Chinese bank after China Construction Bank to establish a presence in the Zurich financial centre. The branch of Industrial and Commerce Bank of China (ICBC) was officially opened in Zurich on Thursday evening. In addition to ICBC president [...]
Zurich Insurance’s Asia Plans

Switzerland’s largest insurer has blown hot and cold in Asia and China in recent years. The insurer’s top man in Asia, Jack Howell, has made clear that Zurich is keen to jump back into the mainland China market, a full five years after offloading New China Life. The remarks represent a pledge to remain in Asia, after reports that Zurich was seeking a partial or full exit. Does Zurich view the 2013 sale as a mistake, then? Not exactly, according to Zurich Chairman Michel Lis. ÒIf you have an outstanding portfolio, but you can’t establish or deepen contact with your clients, then a sale is an option,Ó he told Swiss daily Neue Zuercher Zeitung. Zurich has been a quiet acquirer, snapping up Macquarie’s retail life insurance protection arm in Australia, MAA Takaful Berhad, a sharia insurance business in Malaysia, and Cover-More, an Australian travel insurer. Last year, Zurich posted a more than 42% drop in pre-tax profit in property and casualty insurance to USD 155 million when reserves from previous years fell away. Its life business hiked profit by more than 73% to USD 132 million. For comparison, Zurich’s overall pre-tax profit is USD 3.8 billion. While Howell told the South China Morning Post in January that Zurich would love to get back into China, Lis said that Asia is more than the economic juggernaut. ÒChina is a key part of our strategy in Asia, but it isn’t the only market we’re looking at.Ó

Major Chinese Bank Opens Branch in Zurich

Industrial and Commercial Bank of China has opened a branch in Zurich, making it the second major Chinese bank after China Construction Bank to establish a presence in the Zurich financial centre. The branch of Industrial and Commerce Bank of China (ICBC) was officially opened in Zurich on 21 June. In addition to ICBC president Shu Gu and a representative from the China Embassy in Switzerland, Peizhong Chen, other dignitaries to attend the opening included Federal Councillor Ueli Maurer and Swiss National Bank president Thomas Jordan. The business development unit of the Office for Economy and Labour at the Canton of Zurich assisted the bank in establishing its new branch. The move Òstrengthens the importance of the Zurich financial centre and is a further highlight of the cantonÕs commitment to promoting trade relations with China,Ó said Carmen Walker SpŠh, Head of the Department for Economic Affairs. ICBC is the largest and highest valued bank in the world with over 450,000 employees. The Swiss ICBC branch will be headed by Peichen Chen, who previously served as vice chairman of the bankÕs operations in Pakistan. After China Construction Bank (CCB), ICBC is the second Chinese financial institution to establish itself in the Greater Zurich Area. CCB opened a branch in Zurich in October 2015, where it now has around 33 employees.

Swiss Designers Eye Chinese Market With Their Unique Style

While Switzerland is mostly known in China for its luxury watches, young Swiss designers are also looking to build their names here. So, InnoFashion 2017, an event that celebrates fashion, design and textile innovation in China and Switzerland, was recently held at the Swiss embassy in Beijing. As for the growing links between the two […]

 

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