Policies

Five state organs issued a guideline aimed at providing more "accessible, equitable and professional" public services to bolster employment. The guideline outlines 20 measures to advance fairness, inclusivity and the use of digital technologies.

Novartis has signed a strategic agreement with Shanghai Pharma to help sell the Swiss company’s mature ophthalmic products in China. Novartis will leverage Shanghai Pharma’s omni-channel integrated marketing services and broad market coverage capabilities to accelerate the reach of some Novartis drugs for ocular infections and glaucoma in smaller territories not currently targeted by Novartis. 

The Ministry of Commerce and seven other departments jointly issued an action plan to advocate adopting cutting-edge technologies such as artificial intelligence, Internet of Things and blockchain to drive digitalization, intelligentization and visualization of supply chains.

Autoneum has signed an agreement to acquire all shares of Chengdu FAW-Sihuan Interior Parts. The aim is to further expand its customer base to include other major Chinese vehicle manufacturers. The transaction is scheduled to close in July 2025.

The head of Switzerland's Federal Department of Foreign Affairs, Ignazio Cassis, visited the People's Republic of China on 24 and 25 April 2025. His visit marks the 75th anniversary of diplomatic relations between the two countries. Switzerland established official relations with China in 1950, making it one of the first European countries to do so. In addition to an official meeting with China's ...

The Ministry of Human Resources and Social Security, the Ministry of Finance, and the State Taxation Administration jointly issued a circular to extend key unemployment insurance policies through 2025 to help companies retain jobs and support workers in enhancing their skills. The circular outlining measures to help enterprises maintain stable employment.

China will deepen reforms across key service industries, including finance, telecommunications, healthcare, culture and tourism to unlock the potential of service trade and attract more global capital, according to a growth plan released by the Ministry of Commerce.

China has updated its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a refund-upon-purchase model, the State Taxation Administration (STA) said. Under the new refund-upon-purchase policy, foreign visitors can instantly claim value-added tax (VAT) rebates at tax-free stores, enabling them to reuse the refunded amount in real time for further shopping ...

The Chinese e-car manufacturer BYD has officially entered the Swiss market. The world's largest e-car manufacturer is planning a dealer network with 15 points of sale in Switzerland by the end of the year.

UBS will acquire an additional 33 percent stake in UBS Securities from Beijing State-owned Assets Management Co. (BSAM), thereby taking full control of UBS Securities in China, the bank announced on March 28, having received the corresponding approval from the China Securities Regulatory Commission.