Xiamen secures $5b in investment at CIFIT

"Invest in Fujian: Signing Ceremony of Key Investment Projects", part of the 25th China International Fair for Investment and Trade (CIFIT), was held in Xiamen, Southeast China's Fujian Province, on the afternoon of September 8th.  

The Xiamen delegation once again delivered an impressive performance, signing 11 major investment projects with a total planned investment of 36.1 billion yuan ($5 billion), marking growth for the fourth consecutive year. The total planned investment and the contract volume of signed foreign investment projects have consistently ranked first in the province for four consecutive editions of the fair. 

The Xiamen delegation signed six major foreign investment projects with a total investment of 11.6 billion yuan, covering sectors such as electronic information, new energy, aviation maintenance, and financial service, which highlight Xiamen's strong appeal as a leader in Fujian's open cooperation.

International energy giant TotalEnergies from France reached a consensus with Xiamen ITG Holding Group to develop comprehensive cooperation in areas such as liquefied natural gas (LNG), new energy investments, lubricants, and functional materials to enhance the level and scope of international cooperation in the industrial chain.

Strategic emerging industries such as new energy and new materials stood out among the projects signed by the Xiamen delegation. Leading new energy company CATL plans to build a high-performance lithium battery production base in Xiamen, continuing to increase its investment in the city and injecting new momentum into the upgrade of Xiamen's new energy industry chain.

With the implementation of the pilot program for expanding the opening-up of the service industry in Xiamen, Qualified Foreign Limited Partner (QFLP) funds have also been established in the city. Internationally renowned Cathay Capital and Huashan Capital have agreed to set up QFLP funds in Xiamen, offering an innovative way of attracting international capital to support domestic equity investment and economic development.

Additionally, renowned urban developer China Merchants Shekou Holdings is increasing its investment in Xiamen, planning to invest 4.5 billion yuan in the Xiamen Sea World area in order to enhance and accelerate the integration of ports, industry, urban landscape, and human development in the city.

Source：en.fao.xm.gov.cn

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