Chinese companies are free to acquire counterparts in Switzerland, but China imposes restrictions on its soil. Swiss Economics Minister Johann Schneider-Ammann says he will push for a level playing field during a forthcoming trip to China.
But Schneider-Ammann is more optimistic than other ministerial colleagues that the situation will improve. Last month, Communications Minister Doris Leuthard told the Aargauer Zeitung newspaper that Switzerland should insist on reciprocity, pointing to a tough line taken on the issue in Germany.
More
More
Why more Chinese companies will come to Switzerland
This content was published on
Switzerland can expect to see a lot more companies coming over from China in the coming years, according to Liu Jiren, CEO of Neusoft.
“We must do what Germany did many years ago, which is hold a discussion on how to react in the face of Chinese firms’ hunger for takeovers,” she declared. Currently, Chinese rules only allow Swiss firms to have joint ventures with Chinese companies.
Ahead of his visit to China, Schneider-Ammann gave a more placatory message to Swiss public television, SRF, on Wednesday. While acknowledging that the unequal takeover treatment is a real problem, the minister said progress is being made.
“It is my understanding that it is only a matter of time before China must also allow the majority of shares to be given over,” he told SRF. “I am sure that they will get to where we currently are.” For this reason, the level playing field issue will not take a special place in his discussions with the Chinese authorities during his trip.
Preserving jobs
He also rejected growing parliamentary calls for the creation of a special licensing authority to regulate foreign takeovers. “For me, that would be a step too far. This does not have to be written into law.”
But both Schneider-Ammann and Leuthard agree that companies critical to the daily functioning of Switzerland should continue to have a ‘hands-off’ sign for foreign companies intent on takeover.
Chinese firms have embarked on a spending spree in Switzerland in recent years, snapping up pesticides producer Syngenta and airline support services Swissport and SR Technics among others.
Schneider-Ammann said the markets should be free to decide on mergers and acquisitions. His major concern is how takeovers affect Swiss jobs.
“As long as Syngenta invests in Basel or northwestern Switzerland, as long as innovation, value creation and jobs are secure, it doesn’t matter who the investor is,” he said.
What factors should be taken into account when inheriting Swiss citizenship abroad?
Should there be a limit to the passing on of Swiss citizenship? Or is the current practice too strict and it should still be possible to register after the age of 25?
Is your place of origin, your Heimatort, important to you?
Every Swiss citizen has a Heimatort, a place of origin, but many have never visited theirs. What’s your relationship with your Heimatort? What does it mean to you?
Free trade remains ‘core’ Swiss value despite Trump tariffs
This content was published on
Swiss President Karin Keller-Sutter says Switzerland remains committed to free trade despite a new 31% tariff on Swiss exports to the United States.
This content was published on
The new regulation targets plants developed through new breeding technologies that don’t include transgenic genetic material.
WHO faces $1.8 billion budget shortfall amid US withdrawal
This content was published on
The 2026-2027 budget for the Geneva-based organisation has been reduced to $4.2 billion, on top of this year’s $600 million shortfall.
Swiss government proposes lifting nuclear power ban
This content was published on
While the centre-right and the energy sector are welcoming the Swiss government’s counter-proposal, the Greens are threatening to call a referendum.
Switzerland provisionally signs agreement on EU programmes
This content was published on
The agreement on EU programmes covers Switzerland’s involvement in initiatives like Horizon Europe, Euratom, ITER, Digital Europe, Erasmus+, and EU4Health.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Minister warns of ‘strategic’ Chinese takeovers of Swiss firms
This content was published on
Swiss Communications Minister Doris Leuthard has expressed concern about potential acquisitions by Chinese firms of Swiss companies.
Why more Chinese companies will come to Switzerland
This content was published on
Switzerland can expect to see a lot more companies coming over from China in the coming years, according to Liu Jiren, CEO of Neusoft.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.