BEIJING, Aug. 30 (Xinhua) -- East China's Xiamen city is set to establish a "Maritime Silk Road Fund" to promote outbound investments and M&As of local enterprises, according to Zheng Yao, deputy director of the Xiamen Municipal Bureau of Commerce.
The fund aims to promote the connection between the Xiamen free trade zone with the country's "Belt and Road" Initiative, give play to leverage of the fiscal funds, promote "going global" of the local enterprises, and also guide the private capital and professional investment institutions and leading enterprises to strengthen cooperation, expand financing channels and investment channels of the enterprises in their "going global", and cultivate and expand local transnational companies.
Statistics show that after its outbound investments in 2014 and 2015 exceeded 1 billion U.S. dollars and 2 billion U.S. dollars, respectively, in succession, Xiamen has seen its outbound investment surge this year. In the first half of the year, the city saw 190 additional outbound investment projects with investments totaling 3.36 billion U.S. dollars, twice those in the same period of last year.
To be specific, the number of its investment projects in countries along the 21st-Century Maritime Silk Road in the first half was 34, with the investments totaling 930 million U.S. dollars, up 330 percent year on year.
Xiamen expects its outbound investments in the full year of 2016 to exceed 5 billion U.S. dollars. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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