The inaugural ceremony of New Huadu Business School was held on 12th April in Sihlberg Castle in Zurich, Switzerland. New Huadu Business School Switzerland signed agreements with TCL Company, Credit Suisse, University of Zurich and Greater Zurich Area during the ceremony. Pr. Phelps, Economic Nobel Prize 2006, and Chairman Mr. He Zhiyi delivered speeches during the ceremony.Read more
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.Read more
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.Read more
On 5th February, Credit Suisse Group Inc. said that it is bullish on Chinese equities this year, favoring small-capitalization stocks that stand to benefit from improving economic fundamentals. The Hang Seng Index, which dropped 2.27% on 5th February to 23’148.53 points, will finish the year almost 10% higher at 25’500 points, said Kenny Lau, a Credit Suisse research analyst based in Hong Kong.Read more
Swiss hardware accessories maker Logitech International SA is eyeing China’s enterprise market to boost sales amid the global economic recession.
Logitech urgently needs its business-to-business arm in China – a new division that was launched this month – to generate profit, and the directors have set a high bar for the division.
On 12th July 2012, Vice Foreign Minister Song Tao and Secretary of State at the Swiss Foreign Ministry Yves Rossier held political consultations between the two Foreign Ministries in Beijing.
Song made positive comments on China-Switzerland relations, saying that the Chinese government regards Switzerland as an important partner in Europe and is willing to work with the Swiss side to further enhance mutual understanding, respect each other’s core interests and major concerns and expand pragmatic cooperation.