TEL:86-755-82143422

Home > Xiamen Business Services > Xiamen Investment Guide

Xiamen Investment Guide

Updated:2017-7-11 14:19:13    Source:www.tannet-group.comViews:87

Xiamen, formerly romanized as Amoy, is a sub-provincial city in southeastern Fujian, China, beside the Taiwan Strait. It is divided into six districts: Huli, Siming, Jimei, Tong'an, Haicang, and Xiang'an. Altogether, these cover an area of 1,699.39 square kilometers (656.14 sq mi) with a population of 3,531,347 as of 2010. The urbanized area of the city has spread from its original island to include parts of all six of its districts, with a total population of 1,861,289. This area connects to Quanzhou in the north and Zhangzhou in the west, making up a metropolis of more than five million people. The Jinmen or Kinmen Islands administered by the Republic of China lie less than 6 kilometers (4 mi) away.

Geography and Climate of Xiamen
Xiamen is a sub-provincial city in southeastern Fujian whose urban core grew up from the port of Xiamen on southern Xiamen Island, now located within Siming District. It now also includes Gulangyu Island and the rugged coast of the mainland from the northeast bank of the Jiulong River in the west to the islands of Xiang'an in the east. Xiamen Island lies about one degree north of the Tropic of Cancer. It is divided between Huli District in the north and Siming District in the south. Siming also includes Gulangyu. Its mainland territory is divided among Haicang, Jimei, Tong'an, and Xiang'an districts.

Xiamen has a monsoonal humid subtropical climate, characterised by long, hot and humid summers (but moderate compared to much of the rest of the province) and short, mild and dry winters. The warmest month is July, with a 24-hour average of 27.8 °C (82.0 °F), and oddly, the coolest month is February, averaging 12.4 °C (54.3 °F); the annual mean is 20.42 °C (68.8 °F).

Economy of Xiamen
Xiamen has a diverse and well-developed economy. The Siming and Huli districts form its Special Economic Zone. Important industries are fishing, shipbuilding, food processing, tanning, textiles, machine tool manufacturing, chemical industries, telecommunications and financial services. The city has economic and trade relations with 162 countries and regions worldwide, and benefits from foreign investment, particularly capital from Hong Kong, Macau and Taiwan.

Xiamen is also the host of the China International Fair for Investment and Trade held annually in early September to attract foreign direct investment into the Chinese mainland. Xiamen has excellent road, rail, air and port infrastructure. In the last few years, Xiamen has invested more than RMB30 billion in infrastructure construction.

Financial Services of Xiamen
Xiamen has highly developed banking services. The biggest bank is the state-owned commercial bank, Sino-foreign joint venture Xiamen International Bank, and solely foreign-funded Xiamen Bank. Various foreign banks that have established representative offices in Xiamen. There are more than 600 financial institutions in operation in Xiamen.

Industrial Zones in Xiamen
The Xiamen Export Processing Zone is located in the south part of Haicang Development Zone. It has a favorable geographical location and well-developed transportation network, especially sea transportation. Industries encouraged in the zone include Biotechnology/Pharmaceuticals, Chemicals Production and Processing, Heavy Industry, Instruments & Industrial Equipment Production, Medical Equipment and Supplies, Research and Development, Shipping/Warehousing/Logistics, Telecommunications Equipment, Trading and Distribution.

Xiamen Haicang Taiwanese Investment Zone is situated to the southeast of Xiamen Island, at the tip of the Xiamen-Zhangzhou-Quanzhou Delta in South Fujian bordering Zhangzhou City to the west, Jimei District to the north, and overlooking Xiamen Island across the narrow water. The 100-square-kilometer Haicang Taiwanese Investment Zone is the largest national Taiwanese investment zone authorized by the State Council in 1989. It is situated close to Xiamen Port.

Xinglin Taiwan Merchants Development Zone was approved to be established on 20 May 1989 by the State Council. The planned area is 19.36 square kilometers and the current area is 12.5 square kilometers. The zone is located in Jimei, Xiamen. The main industries set up in the zone are chemistry, machinery, textile and electronics. The zone is 8 kilometers from the Xiamen Gaoqi International Airport and 3 kilometers from the 319 National Highway.

Torch Hi-tech Industrial Development Zone was approved by the State Council as one of China's national level high-tech industrial development zones in March 1999. In 2001, the zone became the first to achieve 10 billion yuan per square kilometer target output level. It is located close to Xiamen Gaoqi International Airport.

Local Transportation in Xiamen
The Gaoji Causeway, five main road bridges (the Jimei, Xiamen, Xiang'an, Xinglin, and Haicang Bridges), and two undersea tunnel (Xiang'an Tunnel and Haicang Tunnel) link Xiamen Island with the mainland.

The main forms of public transportation in Xiamen are bus and bus rapid transit (BRT). Xiamen's BRT system features a dedicated bus-only closed road system with stations and ticketing system similar to light rail. Most of the 115-kilometer (71 mi) BRT network consist of bus lanes along expressways and elevated BRT viaducts on Xiamen Island.

Xiamen Metro has been under construction since 2013 and the first line is scheduled to start operation in 2017. A system of five lines has been approved so far, with plans to eventually expand to eleven lines including service to surrounding suburban areas.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

Previous:Setting up WFOE in Xiamen Process      Next:China Trademark Registration