Xiamen Cross-strait Equity Exchange hosted a forum to boost cross-border investment and financing between Fujian province and Hong Kong Exchanges (HKEx) on March 22.
The forum saw the signing of a strategic a cooperation agreement between Xiamen Financial Affairs Office and HKEx, one which hopes to boost future development.
Fujian province is looking to broaden its financial reach and HKEx has numerous advantages in helping Fujian-based companies including a range of financial channels, a strong and steady flow of capital, good tax benefits, such as no business tax or value-added tax, and an international pedigree.
Pan Wanci, director of Fujian liaison office of Hong Kong SAR Government, introduced Hong Kong Exchanges (HKEx) range of advantages to the assembled audience and stressed the positive impact that such cooperation could bring in terms of developing Belt and Road Initiative progress.
More generally, the Xiamen summit brought together officials from Xiamen and Hong Kong as well as established stock brokers, lawyers, and company executives to discuss cross-border investment and financing.
Officials from Xiamen Financial Affairs Office and HKEx sign a strategic cooperation agreement at the forum [Photo/xmfo.gov.cn]
China has decided to extend its visa waiver policy to ordinary passport holders from Canada and the United Kingdom starting from Feb 17.
Forty-one new port-of-entry duty-free shops have been established nationwide, with Xiamen Xiang'an International Airport, Xiamen Wutong Passenger Wharf, and Xiamen International Cruise Center included on the list.
