Recently, Shanghai Delong Steel Group Co., Ltd. established its wholly-funded subsidiary Dexin (Xiamen) Industrial Investment Group Co., Ltd. in Xiamen Free Trade Zone (FTZ) with a registered capital of RMB 500 million, making Xiamen its regional headquarters in the future. By the end of this month, the Xiamen Free Trade Zone will register the settlement of another six projects covering infrastructure construction, cultural performance, etc. Data shows that in January 2022, Xiamen FTZ witnessed a YOY increase of 238% in the investment in fixed assets of major municipal-level projects; a paid-in foreign capital of RMB 130 million with a YOY increase of 13%. In 2021, the total investment newly attracted to Xiamen FTZ amounted to RMB 175.8 billion, including 78 high-capacity projects with a total investment of around 32.2 billion yuan.
