Xiamen rolls out measures to attract foreign investment
Strengthening support for key development factors
To safeguard foreign investment, the measures introduce several provisions addressing key concerns of foreign enterprises, including labor recruitment, project construction, financial services, cross-border data flows, and facilitation of international fund transfers and personnel mobility. These measures aim to accelerate project implementation and ensure foreign-invested enterprises can establish long-term operations and growth in Xiamen.
To support workforce needs, employees of foreign-invested enterprises renting public housing will be eligible for prescribed rental discounts. Furthermore, foreign-invested enterprises will be allowed to utilize the "dual-control" industrial land quotas to construct dormitory-style affordable rental housing, with such projects qualifying for corresponding policy support under applicable regulations.
Xiamen will also enhance foreign exchange facilitation for foreign-invested enterprises, permitting free and delay-free remittance of all legitimate investment-related transfers into and out of the pilot free trade zone under real and compliant conditions. The city will implement a digital cross-border flow pilot program within the FTZ, establishing a negative list for data to standardize and streamline cross-border data management.
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.
