Viewing posts categorised under: BFI

Switzerland to Host the Prestigious Concours Mondial de Bruxelles in 2019

by eggplant in BFI, EM

The town of Aigle in Switzerland will become the world’s wine capital in 2019. The travelling Concours Mondial de Bruxelles will host its next event there. The choice was announced on the last day of the 2018 competition, when Dai Binbin, Chief of the Haidian district of Beijing, China, solemnly handed over the Concours Mondial wine glass to Frédéric Borloz, the Mayor of Aigle, Switzerland. “After Beijing, the Concours Mondial de Bruxelles is returning to its European origins, choosing Switzerland, where vines have been grown since the Roman Empire. The country ranks 5th worldwide for per capita wine consumption”, commented Baudouin Havaux, Chairman of the Concours Mondial de Bruxelles. “Swiss wines are on the Concours Mondial’s top ten medal list”, he added. “Organising a competition of such magnitude opens up a multitude of doors and provides invaluable visibility, all over the world. Aigle will be proud to host the Brussels World Competition and share the passion of making wine with professionals from around the globe“, commented the Mayor of Aigle Frédéric Borloz. 2019 will be an exceptional year for the Swiss wine industry, as the country will also host the General Meeting of the International Organisation of Vine and Wine (OIV) and the Winegrowers’ Festival(Fête des Vignerons) in Vevey which has taken place once every 25 years since 1797.

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UBS Group AG to Boost Majority Stake to 51% in China JV

by eggplant in BFI

The Swiss bank —  UBS Group AG UBS — has expressed interest in increasing majority stake in its Chinese securities venture with the submission of application to China’s securities regulator — The China Securities Regulatory Commission (CSRC), Bloomberg reported. This move follows CSRC’s lessening restrictions on foreign ownership of brokerages announced earlier this year. Notably, indicating their readiness to allow greater access to global banks into their financial markets, the securities regulator has set the month of June as deadline for foreign companies to increase majority stake to 51% in securities JVs, up from the existing ceiling of 49%. Regarding this, the CSRC detailed the guidelines and experience mandatory for foreign shareholders, last week, along with the scale of businesses which can be recognized. Therefore, to explore opportunities for its investment banking, wealth and asset management operations in China, this Zurich-based bank targets to raise stake to 51%, up from the existing 24.99%.

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New Swiss Consuls General

by eggplant in BFI

The Federal Department of Foreign Affairs announced the nominations of Swiss Consuls General. Martin Bienz, consul general in Guangzhou, will succeed Didier Boschung in summer 2018. Martin Bienz was born in 1959, place of origin Hasle, canton of Lucerne. He joined the Federal Department of Foreign Affairs (FDFA) in 1981 and was posted to Marseilles, Addis Ababa, Bogotá, Osaka and Ottawa, followed by a secondment to the Federal Department of Justice and Police (FDJP). Mr. Bienz then returned to the FDFA where he was posted to Manila, Karachi and Chicago. He has been the head of post in Mumbai since October 2014. Othmar Hardegger, consul general in Mumbai, will succeed Martin Bienz in summer 2018. Martin Maier, consul general in Ho Chi Minh City, will succeed Othmar Hardegger in summer 2018. Olivier Zehnder, consul general in Shanghai, will succeed Alexander Hoffet in summer 2018. Olivier Zehnder was born in 1966, place of origin Köniz, canton of Bern. He joined the FDFA in 1998 and was posted to Vienna, Brasilia and Bern. Between 2010 and 2013 he was seconded to the Permanent Mission of Switzerland to the UN Office and to the other international organisations in Vienna as deputy permanent representative.

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Bobst: to Open New Production Site and Competence Center in China

by eggplant in BFI

Bobst, a Swiss company that provides machinery and services to the packaging industry, will open a new production site and Competence Center in Changzhou, China. The new site, a greenfield facility in Changzhou in the Jiangsu province of China, will be dedicated to web-fed printing and converting technologies for flexible materials. The opening of the new plant will mark a major step in the companies next phase of the development of activities for the Asian flexible packaging industry. The new plant will feature the groups highest Bobst manufacturing standards in its delocalized production plants and for the development of gravure printing and lamination solutions for the regions specific requirements and industry practices. The company will also open a Competence Center that will be part of the Bobst Changzhou facility. The center will provide support and advice to Asian clients throughout gravure printing and lamination trial runs.

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Nestlé Unveils Two New Factories in Bid to Boost China Market

by eggplant in BFI

Published by shine.cn, 24th Apr 2018 in category Hospitality / Tourism / Retail in English

Nestlé unveiled two manufacturing facilities in Taizhou of Jiangsu Province with a total investment of 1 billion yuan (USD 159 million) to strengthen its nutritional therapy and dermatology businesses in China. The two adjacent factories, measuring a total of 133,000 square meters, make up the 33rd Nestlé facility in China, underscoring the company’s confidence in the future of the Chinese market. The two factories share some supportive facilities and serve Nestlé Health Science, whose portfolio includes nutrition solutions, diagnostics, devices and drugs, and Galderma, which has a wide range of products treating dermatological conditions. Rashid Qureshi, chairman and CEO of Nestlé China, said that the new factories underscore Nestlé’s commitment to nutrition, health and wellness, “which is fully in line with the government’s priority to build a healthy China.”

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Xi Jinping Meets with WEF Chairman Klaus Schwab

by eggplant in BFI

On 16 April 2018, President Xi Jinping met with Chairman of the World Economic Forum (WEF) Klaus Schwab at the Great Hall of the People. Xi Jinping expressed that the cooperation between China and the WEF has almost synchronized with the process of China’s reform and opening up. Both sides should keep up with the times, enhance cooperation, jointly strive to seek new driving forces for the world economic growth, and find out realistic and feasible solutions to address global challenges. Klaus Schwab expressed that President Xi Jinping’s splendid speech at the WEF Annual Meeting last year was unforgettable and widely applauded by the world today. The WEF advocates promoting economic globalization and multilateralism, and opposes protectionism and unilateralism. The WEF is proud of the cooperation with China over the past four decades. It stands ready to reinforce long-term cooperation with China in such aspects as supporting the advancement of the “Belt and Road” construction and promoting innovative development, and make joint efforts to enhance the global governance system and push forward the settlement of global issues.

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Second Edition of Seminar “Subsidiary in China” in Switzerland this Summer

by eggplant in BFI

Since 2010, China has been Switzerland’s most important trading partner in Asia and the third-largest globally. The growing number of subsidiaries set up in China is often accompanied by lack of understanding of China’s social and economic background from headquarters in Switzerland. The Swiss Centers China and the St. Gallen Institute of Management in Asia (SGI-HSG) will join forces to offer the second edition of the seminar “Subsidiary in China – Key to Success for the Headquarter” in Switzerland this summer. The first edition last year achieved a great success, offering a comprehensive view and practical approach on foreign investment in China to Swiss business leaders who manage a subsidiary in China or have plans to set up one. This year the seminar will maintain its high quality, aiming to inform participants on the investment environment on the basis of practical experience. It will also include a practical workshop session to provide answers to the concrete case studies the participants present.

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Five Swiss Watch Brands Driving Sales Recovery in China

by eggplant in BFI

Swiss watch exports saw their strongest growth in more than five years during 2017 according to a report by the Federation of the Swiss Watch Industry. Hong Kong and mainland China were the top two markets for Swiss watches, with sales in Hong Kong rising 21.3% to 15% of the market and mainland China sales skyrocketing by 44.3% to reach 10.9% of the market.According to Bloomberg, the 2012 crackdown on corruption that badly impacted the luxury watch market in China appears to have either played out or lost its teeth. Meanwhile, efforts by the Chinese government to bring luxury spending back to mainland China seem to be working.Independent of external factors, Swiss luxury watches remain hugely popular in China. A colloquialism illuminates how important they are to signaling success among Chinese elites.These are the five most popular Swiss luxury watch brands in China: Longines, Patek Philippe, Omega, Piaget, Rolex.

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Swiss Businesses in China Upbeat after Record Export Year

by eggplant in BFI

According to a survey, 72% of Swiss business leaders in China expect “higher” or “substantially higher” sales of goods from Switzerland to China and Hong Kong in 2018 than in 2017, when exports reached a record CHF16.7 billion (USD 17.9 billion).Just 5% of business leaders anticipated lower export figures this year, according to the preliminary results of the 2018 Swiss Business in China Survey.According to the Swiss Centers China press release, in 2017Switzerland exported CHF16.7 billion worth of goods to China and Hong Kong, which is an increase of 13.8% on the previous year and represents a new record. China and Hong Kong bought CHF7.2 billion (USD 7.7 billion) worth of watches and precision instruments from the alpine nation in 2017, making China the largest world market for this category of Swiss products. “While Swiss exports in 2017 to key markets such as Germany, Italy and France did not yet rebound to their pre-crisis 2008 levels, exports to China and Hong Kong grew by 66%” from 2008 to 2017, said Swiss Centers China co-founder Nicolas Musy.After watches and precision instruments, the most important export sectors from Switzerland to China and Hong Kong in 2017 were pharmaceuticals and chemicals (+13% growth), as well as machinery (+12.8%).

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Swiss Davos to Launch Alipay for Chinese Visitors

by eggplant in BFI

Ant Financial Services Group today announced that Alipay is soon to be made available to most local businesses in the Swiss town of Davos, thanks to a partnership with SIX Payment Services, a pan-Europe payment service provider based in Switzerland. Restaurants, bars, supermarkets and hotels in Davos will be offering Alipay, all with merchant information available in Alipay’s in-app overseas traveller service platform. Alipay, along with its arch-rival WeChat Pay, has aggressively expanded globally in recent years. Data from research institution iResearch shows that the value of China’s mobile payments market tripled to more than RMB 38.5 trillion (USD 5.6 trillion) in 2016 and is projected to reach RMB 55 trillion in 2017. Comparing the marketshare, Alipay accounted for over 80% of transaction value just three years ago, however, it held a 54% share of mobile transactions by value, while WeChat Pay claimed 40%, in the first quarter of 2017. With around 40 flights between the two countries every week, China has become the fourth largest source of tourists to Switzerland and the two nations experienced over 1.2 million two-way visits between China and Switzerland in 2017, up 12% year-on-year. Holiday is the peak season, as Alipay overseas transaction grew by eight times over National Holiday Golden Week in 2017.

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SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Swiss Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

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