On May 24, Xiamen announced a new set of measures to further promote the increase, stability, and quality of foreign investment, introducing 15 substantial initiatives with a maximum individual subsidy of 20 million yuan. In recent years, Xiamen has been actively attracting and utilizing foreign investment, advancing a higher level of openness to the outside world, and maintaining its leading position in terms of the scale of foreign investment in Fujian province. The new round of policies for encouraging foreign investment has even stronger measures, emphasizing the attraction of high-end foreign manufacturing industries with increased incentives. Simultaneously, the policies encourage overseas investors to establish foreign-invested enterprises in Xiamen and participate in the optimization and restructuring of local companies. One-time rewards are provided for the establishment and acquisition of foreign-invested enterprises, along with incentives based on "comprehensive profit indicators." Another highlight of the new policies is the comprehensive support for investment factors, such as talent, research and development, finance, land use, and foreign exchange facilitation for foreign-invested enterprises. The policies also further improve the full life-cycle service system for foreign-invested enterprises, effectively protecting their legitimate rights and interests and providing the maximum convenience for foreign investors coming to Xiamen for investment negotiations.
