To expedite the development of the fund industry, Xiamen Municipal Bureau of Finance and Xiamen Financial Supervision Bureau have jointly printed and issued the Several Measures of Xiamen to Expedite the Development of the Fund Industry (the Document, for short). Encompassing eleven measures, the Document aims to facilitate the construction of a fund investment high ground in Xiamen, improve the efficiency and quality of fund investment promotion, and support Xiamen's efforts of building up the "4+4+6" modern industrial system. In the next 2 to 3 years, a torrent of investment promotion funds will be established around major industrial clusters in Xiamen to guide social capital to flow toward prioritized future industries of Xiamen. Also, state-owned enterprises are encouraged to set up emerging and strategic fund services to drive the establishment of the investment promotion mode of "chain + fund". In addition, this will encourage the introduction of capital from financial institutions and offshore sources via funds. The Document proposes that a city-wide and district-wide investment promotion and fund operation mechanism will be established and efforts will be taken to strengthen the assessment and incentives for the attraction of government investment funds, which will encourage all fund management institutions to engage in the investment promotion in Xiamen.
