ELEMENTS

I.Human Resources

（I） Higher Education

Xiamen has 16 regular institutes of higher education, including Xiamen University/Huaqiao University/Jimei University/Xiamen University of Technology, etc., which enrolled 59000 new students in the beginning of 2019 academic year, and had about 174300 in-school students, 41300 graduates. In 2019-2020, there are 21300 in-school postgraduates.

（II）Vocational Education

There are 20 secondary vocational schools with about 40900 in-school students providing multi-level labor forces for different industries.

（III）Scientific Research Institutions

（IV） Wage Cost

The average yearly wage of on-post staffs and workers was RMB 83839 in 2018. The minimum monthly wage standard is RMB 1800, executed since July 1, 2020.

（V）Social Insurance Cost

The Contribution Rates of Social Insurance and Housing Accumulation Fund in Xiamen

Enterprise bearing proportion

Endowment Insurance: 12% 

Medical Insurance: 7% & 3%

Unemployment Insurance: 0.5%

Maternity Insurance: 0.70%   

Work-related Injury Insurance: 0.41%

Housing Accumulation Fund: 5%-12%

(Source: Xiamen Municipal Bureau of Human Resources and Social Security Xiamen Municipal Housing Accumulation Fund Administration Center) 

II.Land Cost

（I）Industrial Benchmark Land Price

Industrial Benchmark Land Price in Xiamen (unit: RMB Yuan/m²)

（II）Industrial Plant Rent (RMB Yuan/m²/month)

Huli District: 30-40 

Jimei District: 12-25 

Haicang District: 12-28 

Tong'an District: 15-30 

Xiang'an District: 20-30 

Free Trade Zone: 25-35

Torch Hi-tech Zone: 12-40

III. Energy Cost

（I）Power Supply

In 2019, the reliability rate of urban power supply in Xiamen was 99.9898%, ranking the 2th place among 52 main cities in China.

（II）Gas Supply

(Source: Xiamen Municipal Development and Reform Commission)

（III）Water Supply

Xiamen has 15 waterworks, with daily water productivity of 1.98 million tons.

IV.Business Facilities and Services

（I）Business Office Building

Xiamen has abundant high-end business office buildings for investors to choose, including those in the traditional business areas such as Lujiang Avenue-Huandao Road, Hubin North Road-Hubin South Road, etc., and those in the emerging business areas such as Cross-strait Financial Center, Modern Service Industrial Base (Bingzhou Area), Haicang Bay, etc., and the overall rent is stable.

（II）Starred Hotels

Xiamen has 53 starred hotels including 19 hotels above five stars. Such internatioan famous hotels as Westin, Kempinski, Conrad, Hyatt, Shangri-La, Le Méridien, Sheraton, Hilton, Pullman, Pushang, InterContinental, Marriott, Waldorf have entered Xiamen.

（III）Conference & Exhibition Facilities

Xiamen owns many convention and exhibition places with advanced and complete equipment, suitable for holding large-scale, high-level and international business activities. There are 22 exhibition halls, with total indoor exhibition area 300,000m², in which the largest unit indoor exhibition hall area is 150,000m². There are 127 places for holding meetings with 888 meeting rooms, and the total area is more than 190,000m².

（IV）Accountancy Firms

There are 97 accountancy firms and branches, including 73 accountancy firms and 24 branches. There are 1,279 CPA practicing members, 1219 non-practicing members.

Representative Accountancy Firms

　KMPG (Special General Partnership) Xiamen Branch

　DTT (Special General Partnership) Xiamen Branch

　PwC (Special General Partnership) Xiamen Branch

　EY (Special General Partnership) Fujian Branch

　Baker Tilly International (Special General Partnership) Fujian Branch

　Dahua CPAs (Special General Partnership) Fujian Branch

　Grant Thornton(Special General Partnership) Xiamen Branch

　Pan-China CPAs (Special General Partnership) Xiamen Branch

　Beijing Xinghua CPAs (Special General Partnership) Fujian Branch

　BDO (Special General Partnership) Xiamen Branch

　Daxin CPAs (Special General Partnership) Fujian Branch

　Ruihua CPAs (Special General Partnership) Xiamen Branch

（IV）Law Firms

There are 232 law firms, including 5 ultra-large law firms and 8 large law firms. There are 3,828 practicing lawyers, and every 10,000 people own 8.9 lawyers.

Representative Law Firms

    Tenet & Partners

    Fidelity Law Firm

    Beijing Yingke (Xiamen) Law Firm

    Beijing Dentons (Xiamen) Law Firm

    Fujian Xufeng Law Firm

    Allbright (Xiamen) Law Firm

    Duan & Duan (Xiamen) Law Firm

    Sphere Logic Partners

    Far & Wide Associated Law Firm

    Universal Legal Corp.

    Fujian Yingkun Law Firm

    Beijing Guantao (Xiamen) Law Firm

（VI）Financial Institutions

There are 47 banking financial institutions, including 40 commercial banks, 1 trust company, 1 financial leasing company, and 2 consumer finance company. And there are 39 insurance entities, including 21 property insurance companies and 18 personal insurance companies. Xiamen has plenty of well-known equity investment management institutions and emerging financial institutions as well.

Representative Financial Institutions

    Industrial and Commercial Bank of China Co., Ltd. Xiamen Branch

    Agricultural Bank of China Co., Ltd. Xiamen Branch

    China Construction Bank Co., Ltd. Xiamen Branch

    Bank of China Co., Ltd. Xiamen Branch

    China Industrial Bank Co., Ltd. Xiamen Branch

    CITIC Bank Co., Ltd. Xiamen Branch

    China Merchants Bank Co., Ltd. Xiamen Branch

    Xiamen Bank Co., Ltd.

    Xiamen International Bank Co., Ltd.

    HSBC (China) Co., Ltd. Xiamen Branch

    SCB (China) Co., Ltd. Xiamen Branch

    Xiamen International Trust Co., Ltd.

    Xiamen JMX Consumer Finance Co., Ltd.

    Fubon Property Insurance Co., Ltd.

    PICC P&C Co., Ltd. Xiamen Branch

    China Ping An Property Insurance Co., Ltd. Xiamen Branch

    China Export & Credit Insurance Corporation Xiamen Branch

    King Dragon Life Insurance Co., Ltd.

    China Life Insurance Co., Ltd. Xiamen Branch

    China Ping An Life Insurance Co., Ltd. Xiamen Branch

    CICC Capital Co., Ltd. Xiamen Branch

    Hongshan Fashion Technology Industry Equity Investment Fund

    Management (Xiamen) Co., Ltd.

    CDH Fund (Xiamen) Co., Ltd.

    Xiamen Venture Capital Co., Ltd.

    Longling Capital Co., Ltd.

    Xiamen Rural Commercial Financial Holdings Group Co., Ltd.

    Xiamen Cross-strait Equity Exchange Co., Ltd.

    Xiamen International Financial Asset Exchange Co., Ltd.

    Xiamen Haixi Medicine Exchange Co., Ltd.

    Xiamen Qudian Financing Lease Co., Ltd.

    Xiamen Aircraft Lease Co., Ltd.

    Xiamen Gold Investment Co., Ltd.

    Xiamen Strait Gold Jewelry Industrial Park Co., Ltd.

（VII）Arbitration Institution

Xiamen Arbitration Commission is committed to constructing arbitration center in the west bank of the Strait, and its annual case subject amount ranking among top ten in China for years, with the case type involving investment cooperation, financial securities, construction engineering, domestic and foreign trade and so on. Now the commission has 741 arbitrators, as few arbitration institutions that can professionally hear disputes concerning foreign business in China.

V.Housing Guarantee

Xiamen is trying to constructe a housing guarantee system with multi-layer and full coverage. 100,000 suites of guarantee housing will have been constructed by 2020, including 40,000 suites of public rental housing, 60,000 suites of guarantee rental housing and guarantee commercial housing. Xiamen attaches importance to the construction quality and the supporting facilities of guarantee housing, guided by the idea of "good location, good supporting facilities, large scale, high quality, complete function", it is constructing 4 guarantee housing subway communities. In 2019, it is planned to commence the construction of 21,000 suites. 25 projects of about 66,700 suites are in construction now, and the total floor area is 6,270,000㎡.