Sino-Swiss Business News
Swiss President Ueli Maurer has been received by the Chinese president, Xi Jinping, for a state visit at the end of a week-long visit to China. The talks on Monday focused on strengthening relations, notably on economic and finance matters, according to a government statement. Bilateral ties are at a “historic high in terms of frequency of visits and the range of common topics” covering finance, taxes, science and human rights, stated Maurer. Both sides signed a declaration of intent to boost cooperation on trade, investment and finance under the so-called Belt and Road Initiative (BRI).
Swiss exchange operator SIX and its Shanghai counterpart have agreed to intensify their cooperation during a visit of Swiss Finance Minister Ueli Maurer to China. A Swiss delegation led by Ueli Maurer, the finance minister of Switzerland, visited the stock exchange of Shanghai on Tuesday. SIX, the Zurich-based stock exchange operator, and Shanghai Stock Exchange renewed a memorandum of understanding with the intention to further their collaboration which was initiated in 2015. The document underpins the relationship between China and Switzerland that has intensified since the signing of a free trade agreement in 2013 and currency agreement between the central banks of the two countries in 2014, SIX said in a statement on Tuesday. The memorandum of understanding envisages to further intensify the cooperation between the two financial centers and to assess the feasibility of listing securities such as depository receipts on respective markets in the near future. This would allow companies listed at either exchange to tap into each other’s liquidity pools.
The Asian country is once again the top export market this year, as the ranking by Switzerland Global Enterprise in cooperation with the KOF Swiss Economic Institute at the ETH Zurich shows. Joining China on the winners’ podium are the USA and Germany, who retain second and third place respectively. Alberto Silini, Head of Consultancy at Switzerland Global Enterprise, maintains: “These three countries are already among the most important target countries for Swiss exporters. The ranking of the top export markets in 2019 underscores their attractiveness and great potential for Swiss companies.” Nevertheless, he advises not rushing into these countries and preparing thoroughly: “It is essential to carry out a rigorous market and competition analysis, and also to familiarize oneself with cultural particularities. This is obvious in culturally distant countries such as China – in the USA or Europe, on the other hand, this challenge is often underestimated. We support Swiss and Liechtenstein SMEs in this process and help them to successfully master and expand their market entry throughout the world.”
Dr. Jean-Jacques de Dardel, Switzerland’s Ambassador to the People’s Republic of China, Mongolia and the Democratic People’s Republic of Korea (DPRK), bid farewell to his counterparts, partners and colleagues at his Beijing residence on February 22nd. His departure in early March follows five years of ambassadorship in the capital. Taking office in March 2014, Ambassador […]
Published by shine.cn, November 7th 2018 The Swiss National Pavilion, with its “LiveMap” concept especially designed for the China International Import Expo, was unveiled on Tuesday at the National Exhibition and Convention Center Shanghai. Secretary of State for Economic Affairs Marie-Gabrielle Ineichen-Fleisch, and Swiss Ambassador to China Jean-Jacques de Dardel, who are leading a high-level […]
The new Federal Law on the diffusion of Swiss vocational training abroad (LESE) gives the possibility to these institutions to extend the offer subsidized by the Confederation, creating then a curriculum of basic vocational training combining practical training in companies and theoretical teaching at school. The export of this learning model, which attracts more and more interest abroad, is a strategic priority for Switzerland in the framework of international cooperation formation. There are currently 17 Swiss schools located in Europe, Asia and Latin America with approximately 7,500 students including 1800 from Switzerland. As for the creation of new Swiss schools abroad, discussions are ongoing. In China for instance, an association has been founded for this purpose, says Derrick Widmer, President of educationsuisse. He estimates that Switzerland must act quickly, especially in developing countries. However, this initiative is not an easy undertaking in an area affected by strong competition from private international schools.
The impending creation of the Chinese-led Asian Infrastructure Investment Bank (AIIB) has been applauded by World Bank managing director Betrand Badr, 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 ÔChinese World BankÕ 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 ChinaÕs ability to apply proper corporate governance. But the stand-off has been widely interpreted as a wider struggle for political influence in Asia.
Huawei plans to massively expand its presence in Switzerland. The Chinese technology giant intends to open two research centres in Zurich and Lausanne. It will also strengthen corporate services. Switzerland is an important location for Huawei, wrote Patrik Mller in an article for the weekend newspaper Schweiz am Wochenende. Mller interviewed Eric Xu, CEO of the Chinese smartphone and telecommunications technology giant, during a working visit by Federal Councillor Doris Leuthard to the Huawei headquarters in Shenzhen. Huawei currently employs around 350 people in Switzerland at its site in Dbendorf in the canton of Zurich, but this will rise considerably in the future: ÒWe will employ more people because we will open R&D centres in Zurich and Lausanne,Ó said Lu. According to the article, the presence of the Swiss Federal Institutes of Technology in Zurich and Lausanne was decisive to HuaweiÕs choice of location. Huawei also requires more employees in Switzerland to Òmarket our services for companiesÓ. In Switzerland, telecommunication providers such as Swisscom and Sunrise use Huawei infrastructure and software products.
Zurich Airport has scooped third place in the ÒHandelszeitungÓ Airport Ranking 2018. In a repeated run of success, EuropeÕs best airport was beaten only by Singapore and Hong Kong. Anyone landing at Singapore Changi Airport will make it Òfrom airport to taxiÓ within 25 minutes, Òincluding immigration control, baggage collection and customs clearanceÓ, writes Claus Schweitzer in the Airport Ranking 2018 published by ÒHandelszeitungÓ. It has been Òthe worldÕs best airport for yearsÓ, and the only negative Schweitzer could find was the complicated WLAN access. In second place, Hong Kong International Airport boasts the Òattractive new The Deck lounge with open-air terrace and view over the airfieldÓ. But Zurich Airport too lays claim to an open-air area Ð and it is among the reasons the airport has once again scooped third place in the ranking. With Òaround 300,000 visitors annuallyÓ, the observation deck is Òone of SwitzerlandÕs most popular attractionsÓ, writes Schweitzer. While Zurich also scored well for its Òclear signage, predominantly pleasing passenger flow and exemplary connection to public transportÓ, Schweitzer and the frequent flyers surveyed for the ranking were unhappy with the time-consuming new Automated Border Control gates and the Skymetro, which is often overcrowded.
Switzerland’s minister for energy Doris Leuthard oversaw the signing of a declaration to build a zero-energy building in Beijing using Swiss cleantech technology. The project called “Swiss House Sunlon” is backed by Swiss companies and will be the first zero energy dwelling in China. The technology used in the building will come from the Swiss […]