What was the motivation for the formation of the Sino-Swiss consortium?

Competition is fierce nowadays and if these 9 don't join forces, they will compete with each other in comparison. Why not collectively form a new company to deal with the current highly competitive market environment.

The Sino-Swiss consortium is the first domestic consortium of nine leading local firms to join forces with an equal shareholding. Although the Sino-Swiss consortium did not announce its involvement in financial products at its inaugural meeting. But many observers believe that the Sino-Swiss consortium refers to finance.