Ernst Stocker addressed at the ceremony of celebrating the 5th anniversary of the sister relationship between Canton of Zurich and Guangdong. (Source: the Foreign Affairs Office of the People's Government of Guangdong Province )
Guangdong’s business environment
During the interview, Stocker recalled his last visit to Guangdong. “It was in April, and Zurich was still snowy whereas it was already very hot in Guangdong. I had to buy a short-sleeved shirt immediately after I landed!”
When talking about Guangdong’s business environment, Stocker cited a Swiss proverb that says, “only if the soil in the garden is well cultivated, can the plants grow well”. In his eyes, Guangdong’s policies to optimize the business environment are exactly the right kind of fertile “soil”.
Stocker speaks highly of policies that Guangdong government has implemented over recent years, including the Ten Policies and Measures for Foreign Investment. He believed that more foreign investors will be inspired to come to Guangdong.
Cooperation on financial side of GBA development
Stocker said of the Greater Bay Area that he believes it to be of great potential, and that it will bring broadly positive impacts to the whole region, and is also an excellent opportunity for further cooperation between Zurich and Guangdong.
During Stocker’s most recent visit, Guangdong Province and the Canton of Zurich jointly hosted a financial round-table, inviting representatives of financial institutes from both countries including UBS, Credit Suisse, CCB and Ping’an Group to discuss the possibilities of future cooperation in terms of cross-border RMB transactions, financial connectivity in the Greater Bay Area, development of fin-tech and insurance.
Zurich is famous for its advanced financial sector, and Stocker is convinced that they can be deeply involved with the development of the GBA. Zurich can help the GBA develop a regional financial market and introduce long-term foreign investors to assist in the construction of GBA infrastructure.