Newsletter, April 2018 |
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Dear members of SCCC
The year of the dog is living up to its reputation, it
is hectic and full of action. The economic retaliations between the US and
China open new business opportunities for Swiss and European companies. This is
one more reason to look at your China and Belt & Road market strategies.
After the National Party Congress in early March, the
Chinese Government filled a number of key positions with new people. Many of
them have been labelled as 'reform friendly'. At the same time, certain reforms
have been accelerated, such as the Financial Services reforms which will see
changes as early as 2018 and not only in 2021. And I am sure I have missed a
few important decisions and announcements, such as easier access to Chinese markets.
However, the Chinese market will remain challenging as
usual and requires your top management’s attention. The board of the SCCC is
addressing these challenges by choosing the appropriate speakers and company
visits for the program of the SCCC throughout the year – and for the business
delegation to Chongqing and Chengdu. Both are important cities for the Belt
& Road initiative, and the West of China is rapidly gaining importance. If
you have not signed up yet, please do so now, and secure a seat for this
important event.
Earlier in March you received an invitation to
participate in a survey. If you have not responded yet, please do so at your
earliest convenience. The survey will give us important input for the future
services from the SCCC, and will help to make sure that we will provide value
to our members not only today but also tomorrow. Results will be published at
the Annual General Meeting on June 14, 2018.
I wish you all a great start to spring and good
success with your Swiss-China business endeavours.
Best regards,
Felix Sutter
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In this edition
News China-Switzerland
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Proverb of the month
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SCCC events
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April 10, 11:45-14:00
Widder Hotel, Rennweg 7, 8001 Zürich
May 07, 11:45-14:00
Widder Hotel, Rennweg 7, 8001 Zürich
May 07, 12:00
Chongqing and Chengdu
May 11, 14:00-20:00
Longxing Township, Chongzhou, Sichuan
June 14, 12:45-13:45
Six, Pfingstweidstrasse 110, 8005 Zürich
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News China-Switzerland
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Credit Suisse Promotes for ChinaCredit Suisse is promoting an investment banker to co-head its trading business in China. The promotion underscores its commitment to China, both for onshore as well as offshore banking.
Glencore and GEM Agree on Massive Cobalt DealSwiss-based metal miner Glencore Plc. has signed a deal to sell 52,800 tonnes of cobalt hydroxide, around one third of its entire production, to Chinese battery recycle GEM Co. Ltd.
Chinese taxi app Didi Chuxing is entering into a deal with electric-car startup Beijing Chehejia Information Technology, in an attempt to bring new energy vehicles into the ride-sharing industry.
The representatives of the French-speaking financial markets in Switzerland now hope to convince the managers in China to set foot in the traditional home of private banking as well.
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Focus article
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Why Chinese Tech Companies are Embracing a Slower Culture
In a movie with Chinese kungfu star Jet Li, Alibaba Group co-founder and executive chairman Jack Ma defeats eight celebrity martial artists in just 20 minutes. Not only does the mini-film try to portray Jack Ma’s unbeatable position in China’s tech industry, it also references the most commonly cited similarity between the tech industry and China’s ancient martial arts: “There is no impregnable defense, only speed defines the winner”.
If you have been tracking the developments in China tech, it’s hard to ignore this trend: the life cycle of emerging industries – an initial boom followed by the multiplication of competitors and finally market consolidation – is dramatically shortened while startups are forced to move faster in a bid to stay ahead. Apart from startups, other parties involved, investors and regulators, for instance, are also forced to keep up with the shift.
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Special event
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Date: May 7-12
Place: Chengdu, Chongqing and Longing Town
Program: 6 Days, 5 Nights business trip from Zurich to Sichuan
SCCC is organising a business mission to Sichuan in May 2018 on the occassion of the 10 year memorial of Sichuan earthquake.
During this mission, we will visit Chongqing and Chengdu and learn about the development of the southwest China. One of the highlight of the mission will be the 10 year memorial of the Sichuan earthquake in Longxing Town, which is jointly organised with the Swiss Consul General in Chengdu and the local government. Read more and register.
SAVE THE DATE – 2nd Swiss-Chinese Life Sciences Forum“Chinese Pharma Goes Global”
Date: September 13
Time: 13:30-17:30
Place: Novartis Campus, Basel
This forum will be organised by the SCCC, BaselArea and FHNW and hosted by Novartis. More information will follow on the SCCC website.
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Proverb of the month
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观其友,知其人 guān qí yǒu,zhī qí rén
To look at someone's friends is to know what kind of person he/she is. / you can learn about a person from the company he/she keeps.
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