More than 600 financial experts and scholars take part in the Xiamen Finance Industry Promotion Conference held in Xiamen, on Sept 27. [Photo by Chen Lixin/xmnn.cn]

On Sept 27, the Xiamen municipal government hosted a promotional conference for the financial industry, and the government inked a strategic cooperation agreement with the Postal Savings Bank of China (PSBC), aiming to advance high-quality economic development in Xiamen.

According to the agreement, PSBC, one of China's major State-owned lenders, will help Xiamen set up a complete financial service system, prioritizing financial business with Taiwan and Maritime Silk Road cooperation. PSBC will also make efforts to improve resource allocation, comprehensive services, and financial innovation, and provide strong support for Xiamen's key industries and enterprises, scientific and technological innovation, education, medical treatment, talent cultivation and housing.

In order to strengthen the role of financing in supporting the real economy and speed up the city's  high-quality economic growth, Xiamen will make use of its advantageous location as the core area of Maritime Silk Road, and draw up supportive policies and specialized plans to develop a fintech city with strong financial services.

The cooperation agreement will further deepen the city's financial reform and opening up and enhance the financial sector's capacity to better serve the real economy.