Day 10 + 11: Credit Suisse and KPMG/UBS

This Tuesday was everything about Banking. In the morning we took the metro so we could get an impression of the Hongkong rushhour. After a short but intensive ride we arrived at 10am at the International Commercial Center, where Dr. Urs Buchmann and Credit Suisse Hong Kong received us. The offices are situated in the upper part of the ICC tower so we could enjoy an amazing view over the Victoria Harbour and the entire city.

Dr. Buchmann shared some of his asian business experience with us. He spoke about the Chinese / hong kong economy in general and some topics linked to banking. After 2.5 very interesting hours with a lot of questions we had to leave due to our tight schedule. Of to our the second company visit of the day.

At 2 pm KPMG welcomed us together with UBS at their office. After a short welcome with coffee and tea we could listen to three banking related topics. One part directly from UBS and two from the advisory departement of KPMG. Matteo Bernardis started with a comparison between the banking business in China and Switzerland from an UBS perspective. After that James Harte from KPMG gave us an insight into the asian wealth management business. To end up this informative afternoon Simon Topping and Isabel Zisselsberger spoke about the regulatory landscape in China and how this is related to the banking business.

As a perfect finish of this day and our Hongkong stay we headed out for a drink at the Eyebar and could enjoy the impressive city skyline for a last time. As we had to fly to Hanoi on the following day it was time to end the Chinese chapter at least for now. We all got an first impression how challenging it is to do business in this huge country, now we are looking forward to explore another fast developing emerging market.

Group Hong Kong:
Luca Amann, Stefan Graber, Yannik Ryf, Tim Signer, Kevin Temperli

Day 9 – Huawei and the electronic market

After everybody had a day off on Sunday with some sightseeing in Hong Kong, the second week of the Field Trip started early at 6:45. Till everybody finished his Monday morning sport program it was 7:15 so we left a little bit later. Most of the students appreciated this delay, because the breakfast in the City View hotel starts at 7:00. On the program was the visit of the company Huawei. The Headquarter of Huawei is in Shenzhen, which is a special economic zone. This means we had to re-enter China and buy a one day Visa. Till everybody could pass the border it took quite some time because a boarder guard had the urge to examine a cell phone (probably he don’t like Monday’s).

Finally we arrived at Huawei where we got a warm welcome from David Harmon who is the Vice President of global public affairs. The presentation was very interesting and informative.

Huawei has 180’000 employees of whom 80’000 work in research and development. As a consequence Huawei has the largest number of patents in China. In the campus we visited, work and live around 60’000 people, what is a really impressive amount. We also get insights in the future of the 5G internet, the collaboration with swiss companies like Swisscom and Schindler and the importance of the internet of things in the future. After the presentation we bumped into the delegation of the swiss entrepreneurs and some people from swissnex, which was a funny second encounter. In the showroom of Huawei we get a deeper insight of the sectors in which Huawei is active.

Huawei isn’t just a cell phone producer as many people think. Keywords of the products we saw in the showroom are city management, safe Railway, smart aviation, smart grids and many more. After the walk through the showroom Huawei invited us for lunch. In the afternoon we spent our time at the SEG electronic market. In this place hundreds of small shops sell their electronic devices.

We explored the market individually and the students, who were not in shopping mood played some cards. At 17:00 we entered the car to get back to Hong Kong. Luckily this time without some time consuming border guards. At the time we arrived in the hotel it was already 19:30 and everybody was a little tired after the long but interesting day.

Group Hong Kong:

Luca Amann, Stefan Graber, Yannik Ryf, Tim Signer, Kevin Temperli

Day 7 – Macao visit Galaxy Entertainment

On the first of July we were invited by Mr Chan who is the facility manager of Galaxy Entertainment. For the transport to Macao we took the speedboat from the harbour in Hong Kong at 10:15 a.m.

The journey took about one hour and then we were transported by the bus to the Galaxy Casino where we were warmly welcomed by Mr Chan and his team. First of all he showed us the famous and breathtaking diamond show.

After five short presentations about the several departments in the casino which have given us students a brief and extensive understanding of the whole casino, we were divided into two groups. In Mr Chans presentation he mentioned that the Galaxy Casino itself makes more revenue than the whole casinos of Las Vegas together. Furthermore the hotel offers more than 3000 rooms of which 97.5% are averagely booked.

The casino arranged exclusively for us a tour through the casino and its different departments which included the whole heating and chilling system, facility processes, gambling halls and rooms.

We were honoured that we were even allowed to have a look in the private rooms which were normally only allowed by black and diamond cardholders. Moreover we have to mention that this was the best organized and intensive company visit we experienced on this study field trip so far. At six o´clock in the evening we enjoyed a wide and tasteful selection of food in the restaurant of the resort. We were located in a separate room were we could have a flashback of our tour and having wild discussions on the impression of the casino that we experienced during the day. It stuck out that all students were overwhelmed by the immense facility management that has to be fulfilled in order to keep the customers and other stakeholders satisfied in such a massive casino. According to this matter the students have decided to show and to sing their appreciation in a spontaneous song named “S´Vogellisi”. One of our students received even a cake from the casino due to his birthday. After a short but impressively speech of Mr Chan we had the possibility to enjoy the casino as gamblers. Some of the students took this chance and capture the roulette and black jack tables. The others went back to Hong Kong with the speedboat to savour the nightlife of Hong Kong.

Group Hong Kong:

Luca Amann, Stefan Graber, Yannik Ryf, Tim Signer, Kevin Temperli