Swiss Confederation President Maurer: The "One Belt Along The Way" Initiative Is A Grand Vision Of The Future Of Mankind. Rui Will Sign A Memorandum Of Understanding On The Third Party Market Cooperation.

In April 25th, Ueli Maurer, who is visiting China, told a press conference in Beijing that the "one belt along the way" is a grand vision related to the future of mankind. Swiss Confederation attaches great importance to the impact of this initiative on the development of the countries along the way. Ueli Maurer, He said he was willing to work with China to build better framework conditions and encourage private enterprises to take an active part in project construction.

This is the second time that the president of Swiss Confederation has led the team to participate in the "one belt and one way" International Cooperation Summit Forum. The "belt and road initiative" is the biggest investment in this century. To make economic growth, we need the necessary investment. "For this reason, Switzerland is also willing to spare no effort. Our efforts are not for ourselves, but for the next generation and the next generation.

Mao raer highly appraised the significance of the "one belt and one road" initiative to the development of the countries along the line. - Information

Mao ruer has revealed that in April 29th, China and Switzerland will sign a memorandum of understanding on the third party market cooperation of "one belt and one road" to strengthen cooperation in trade, investment and project finance between the third party markets along the "one belt and one road" market. He pointed out that, at the national level, Swiss countries will not invest in the "one belt and one way" project, but we hope to create better framework conditions with China. "The most important thing is to jointly formulate the third party market cooperation rules" so that private capital can be invested.

"Switzerland is a country that grew up on the basis of private enterprises and other social individuals. Therefore, we focus on individual motivation and hope that they will get the same treatment in the third party market as Chinese enterprises." Maurer emphasized that the "one belt and one road" initiative is not overnight. It will not be achieved overnight. It may continue to the next few decades. It hopes to integrate Switzerland's own experience, skills, funds and conscientious attitude.

Herbert Short, chairman of the Swiss bankers association, said at a press conference that China's further reform and opening up is integrated with the "one belt and one way" initiative, which means that China will have closer ties with Europe, Africa and other regions. The "one belt and one way" initiative will create new possibilities for cooperation between China and Switzerland. Specifically, we can strengthen cooperation in trade, capital, infrastructure and asset management. "

Chinese ambassador to Switzerland Geng Wen bin recently wrote in the mainstream media of Switzerland that Switzerland is one of the first countries to join Asian infrastructure investment banks. Switzerland has shown great enthusiasm in participating in the "one belt and one way" cooperation, from official to private sectors. The third party cooperation may become a new bright spot in Sino Swiss relations in the future.

At the invitation of Chinese President Xi Jinping, Mao ll will pay a state visit to China from 28 to 29 April. Maurer told reporters at the press conference that he brought Swiss characteristics skiing as a gift to Chinese leaders and gave the Chinese people the confidence of the Swiss people as a "gift".

Investment opportunities of Swiss enterprises

Mao raer highly appraised the significance of the "one belt and one road" initiative to the development of the countries along the line. He pointed out that through the necessary investment in infrastructure construction, the "one belt and one way" construction will promote trade linkage among the countries along the border, including trade in goods and energy trade, thereby stimulating the economic growth of these countries. "The world needs economic growth to create jobs. In addition, only by strengthening contacts between people, can there be no conflict.

"The belt and road" is a grand vision related to the future of mankind, but any vision will have corresponding risks in the process of implementation. To overcome potential risks, Mao put forward five suggestions: first, the project needs to introduce private capital; second, pay attention to the sustainability of the project; third, assume the social responsibility for the investment location; fourth, put green development into the financing standard; fifth, adhere to the principle of transparency.

In 2017, when he was president of Swiss Confederation, he launched the first round of International Cooperation summit in China. Why has it decided only now to strengthen cooperation with China in the "one belt and one way" framework? "I am an old-fashioned person," he told the twenty-first Century economic news reporter. "I want to keep my friends in touch with myself and maintain and deepen their relationship with them. During the course of dealing with China, I met many Chinese people. In his view, the two peoples of China and Switzerland have many similarities, including modesty and diligence.

Fu Yulong, chief investment officer of Swiss Reinsurance group, said Swiss financial institutions are very optimistic about the investment opportunities brought about by the "one belt and one way" initiative. According to the Swiss Reinsurance estimate, under the "one belt and one way" framework, the world's investment in infrastructure should reach US $70 trillion by 2035. In this investment process, we need not only state expenditure and investment, but also private capital, including capital of insurance companies.

Fu Yulong believes that the insurance industry has great potential in infrastructure construction, such as risk management and risk prevention in the process of project construction, as well as liability insurance in the process of construction. "We very much hope to participate in infrastructure investment in a multilateral framework, as compared to the Asian infrastructure investment bank (Asia Investment Bank)."

As for the prospect of cooperation between Swiss financial institutions and Asia Investment Bank, Fu Yulong pointed out to the twenty-first Century economic news reporter that in the process of infrastructure construction, they highly praised the PPP mode, hoping to optimize the financing path under the multilateral mechanism and reduce investment risk. "We need to take a long view and formulate corresponding standards." He said he hoped to work together with Asia Investment Bank to develop financing standards and introduce Swiss Reinsurance investment experience.

Focus on trade, finance and innovation

The biggest characteristic of Sino Swiss relations is to be the first. Switzerland is one of the first western countries to recognize the newly established People's Republic of China. In 1980, when China launched the policy of reform and opening to the outside world, Schindler group of Switzerland first entered the Chinese market and set up the first joint venture in Beijing. In 2007, when many countries pursued protectionist policies, Switzerland became one of the first European countries to recognize China's full market economy status.

In 2013, China and Switzerland signed the FTA Agreement and came into effect in July 2014. Switzerland has once again become the first European country to sign a FTA with China. The Sino Swiss FTA is the first FTA agreement between China and the top 20 countries in the European continent and the world's top economies. According to the agreement, Switzerland will impose zero tariffs on 99.7% of China's exports after the agreement comes into effect, and China will finally impose zero tariffs on 84.2% of Switzerland's exports. In January 2017, China and Switzerland formally launched the joint study on the escalation of the FTA.

Regarding the prospects for the upgrading of the Sino Swiss FTA, Maurer pointed out that the current FTA agreement is working well, but hopes to further expand the content of the FTA agreement. The future agreement should involve trade in services besides trade in goods. "I want to emphasize that Switzerland values China so much because China has a very bright future, and we want to invest our assets in the future." China is Switzerland's largest trading partner after the European Union and the United States.

In response to the 5G problem, Maurer admitted at a press conference that Europe's attitude towards HUAWEI's participation in 5G construction is inconsistent, and some people have some doubts. But he said: "Switzerland is not opposed to HUAWEI's participation in the construction of the corresponding 5G network in our country, because HUAWEI has been involved in the construction of the Swiss mobile communication network."

Financial cooperation is also a key issue during Maurer's visit to China. In April 23rd, Maurer and his party visited the Shanghai stock exchange. On the same day, the Shanghai Stock Exchange signed an updated memorandum of understanding with the Swiss Exchange to explore the feasibility of promoting cooperation between the two markets through depository receipts. The two sides signed a memorandum of understanding on cooperation as early as June 2015, and agreed to cooperate on information sharing, personnel exchange and product development.

In addition, Maurer called on the two countries to carry out more innovative cooperation. On the same day, he led a group to inspect the byte beating Beijing headquarters. He said his daughter was also a user of TikTok. He also shared with Baidu chairman Robin Li that the "Switzerland" national small program was formally launched on Baidu App. "I saw a lot of energetic and aggressive young people in China. This makes me feel that Silicon Valley is not in the United States but in China. He expressed the hope that the innovation potential of the two countries could be combined.