by swisscham in Business
In the last few years Switzerland has become one of China’s most important European business partners and the relationship appears to be looking brighter every month. Last summer the two countries established a bilateral Free Trade Agreement (FTA CH-CN) that will increase trade between the two economies, and Switzerland’s government in 2012 made an outline for establishing the country as a European hub for RMB trade and investment. These events are clear signs that Switzerland has opened its doors to Chinese investment and is encouraging the Chinese business community and the government to take Switzerland seriously in considering it as a potential European RMB hub and a center of Chinese business in Europe. Although Switzerland is still in the process of becoming a major RMB hub while a currency swap agreement is negotiated between the two Central Banks and while it competes with other potential RMB centers in Europe, including London, Frankfurt and Luxembourg, Chinese investors can find a plethora of opportunities in Switzerland.