Record amount of Xiamen investment in overseas markets
Chinese investors spent $2.95 billion from January to May, according to signed contracts in 163 overseas investment projects newly registered in Xiamen.
Data shows that Hong Kong received a total of $1.9 billion investment from Xiamen, accounting for 62.7 percent of total outbound investment from Xiamen during the period.
25 percent of outbound investment from Xiamen went to nations and regions along the 21st Century Maritime Silk Road, with the investment volume growing 459 percent from last year to reach $744 million.
Merger and acquisitions were the most popular means of investing in overseas markets among Xiamen investors during the period.
A total of $1.4 billion of investment from Xiamen was made in the form of merger and acquisitions, up 184 percent from the same period last year.
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.