Chinese Cyber Security Law: challenges for Swiss companies operating in China

China's new Cyber Security Law was released on 1 June 2017. The highly contested guideline, titled “Information Security Technology – Guidelines for Data Cross-Border Transfer Security Assessment”, requires network operators to conduct security assessments prior to transferring specific information outside of China.

Luxury online spending on the rise in China

The latest China's Connected Consumers report reveals the growing sophistication of the Chinese consumer when it comes to luxury online spending. No longer are they just following trends, they are setting the pace and increasingly are the driving force in a dynamic environment.

Multinational Companies in China – Making the Right Moves

KPMG China has co-authored a report with Silk Road Associates, titled "MNCs in China – Making the Right Moves" (Multinational Companies, MNCs). The report highlights the many opportunities that China continues to present for MNCs, as they continue to play a key role in the development of China’s economy.

Switzerland and China agreed on renminbi swap agreement

On July 21 2014, the Swiss National Bank (SNB) and the People’s Bank of China (PBC) have signed a bilateral swap agreement. This swap agreement is an important step towards a renminbi trading hub in Switzerland.

Free Trade Agreement Switzerland-China: Entering into force on 1 July 2014

The free Trade agreement between China and Switzerland that was signed on 6 July 2013 by the Chinese Minister of Commerce, Gao Hucheng, and the Swiss Federal Councilor, Johann Schneider-Ammann, will enter into force on 1 July 2014.

Chinese Consumers: Luxury online spendings are growing

In the recent KPMG survey “China’s Connected Consumers” 10,200 luxury consumers across the country responded to questions regarding their online spending patterns. The results show that purchasing behaviors are changing as more and more consumers go online.