Sino-Swiss Briefing

A collection of Sino-Swiss news, from January 7^th to January 20^th.

BUSINESS:

Richemont’s sales increased by 25%

Great sales boost for Richemont, thanks to the acquisition of YNAP and Watchfinder as well as the demand from China.

Swiss watchmakers are seeing slower Chinese demand

Chinese tourists are spending less on watches but demand should shift to mainland China instead (euronews).

Oppo plans to enter Swiss market

Oppo is one of the Far East’s most popular smartphone brand, now their phones should soon be available in Switzerland (Handelszeitung, in German).

Global brands may face tougher competition on China’s chocolate market

Chocolate consumption is growing as fast as ever, but global companies may face tougher local competition due to nationalist trends (just-food).

Novo Nordisk Pharmatech A/S and DKSH sign distribution agreement for
Asia Pacific

The two companies partner to provide high-quality cGMP quaternary ammonium compounds in eleven markets across the region (CT).

FINANCE:

Chinese bank manager is appointed deputy of Swiss Chinese Chamber of Commerce

China Construction Bank will now have two employees with influential positions at Swiss Chinese Chamber of Commerce Zurich.

UBS might increase capital of its mainland China securities arm

UBS seeks to ratchet up its mainland China brokerage business and thus may increase the capital of its China securities arm (caixin).

POLITICS:

China is becoming increasingly important at the WEF

China is now clearly a key member at the WEF and will send one of the biggest delgations this year, including Vice President Wang Qishan (CGTN).

China strategy: Is the Swiss government sleeping?

A Swiss think tank believes that Switzerland’s government has no sufficient China strategy, even though it already promised to create one 10 years ago.

OTHER NEWS:

Chinese are the biggest buyers of the Swiss golden visas

Switzerland sold 44 golden visas last year, 12 visas went to rich Chinese people (Luzerner Zeitung, in German).

University of Zurich offers new CAS program Asian Business Law

The new CAS program Asian Business Law will start in the autumn semester 2019, with courses in English.

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