Dear Members and Friends of SKV,

It is our great pleasure to share with you the effect of Brexit on Chinese financial services and renminbi’s internationalization. Moreover, the cooperation between China and other Western countries such as Russia and Germany have been strengthened following several diplomatic trips. Last but not least, as the innovation/technology is playing an important role in business nowadays, an article about the innovation in economy and a case of a unit of Chinese e-commerce giant Alibaba taking a stake of up to 25% in a German banking software company are presented in this Warp-up.

If you are interested, you may click on READ FULL ARTICLE for the full version.

Enjoy your reading,

Swiss SME China


 

Wrap-Up

BREXIT PUTS UK-CHINA FINANCIAL SERVICES LINKAGES AT RISK

Britain’s shock vote to leave the European Union could derail a raft of financial services projects agreed between China and the United Kingdom, which for years has marketed itself to Beijing as its best economic and financial friend in Europe. Source: Reuters READ FULL ARTICLE

RUSSIA’S RESIDENT PUTIN HAILS ‘ALL-EMBRACING’ BILATERAL PARTNERSHIP WITH CHINA WITH NATIONS DUE TO SIGN MORE THAN 30 TRADE DEALS

Russian President Vladimir Putin boasted on June 26th about its “all-embracing and strategic partnership” with China during his latest visit to Beijing, as the two countries try to present a united front amid increasing tensions with the West. Source: South China Morning Post READ FULL ARTICLE

MERKEL SETZT AUF VERSTAERKTE KOOPERATION MIT CHINA

Die deutsche Bundeskanzlerin Angela Merkel hat sich zum Abschluss ihrer dreitägigen ChinaReise für eine weitere Vertiefung der Beziehungen mit Peking stark gemacht. Dies schaffe auch eine Basis um kritische Fragen zu erörtern. Source: AARGAUER ZEITUNG READ FULL ARTICLE

CHINA’S ALIPAY COULD TAKE STAKE IN GERMANY’S WIRECARD: REPORT

Wirecard AG (WDIG.DE) is negotiating with representatives of Alipay, a unit of Chinese ecommerce giant Alibaba (BABA.N), about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported on June 26th. Source: Reuters READ FULL ARTICLE

INNOVATION GIBT ES NUR OHNE REPRESSION

Nach einer atemberaubenden Aufholjagd ist China auf einem wirtschaftlichen Plafond angekommen, über den hinaus zu gelangen schwierig ist. Es braucht Innovation, doch damit auch Transformation. Das ist politisch heikel. Source: NZZ READ FULL ARTICLE