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Fuzhou Releases Five Innovative Investment Promotion Outcome
Time:2022-12-20 11:51  Click:

Last September, Fuzhou released a master plan for the future 5 years’ development in which a clear target of speeding up efforts in building a modern international city is set. To that end, a development paradigm featuring building six towns, galvanizing five international brands and implementing nine special programs was also formed.

This year on, the city has made tremendous efforts with full commitment and determination in building six towns of Binhai New Town, Fuzhou University Town, Southeast Automobile Town, Fuzhou (Changle) International Aviation Town, Maritime Silk Road Seaport Town, and Modern Logistics Town. A major platform for development, a major system for comprehensive transportation and a major hub for freight have been established to facilitate future development with greater prospects. With investment promotion as a driving force, a special program for critical projects has been carried out in full swing to develop the industries toward high-end, high-quality and high-tech transformation. 318 high-quality industrial projects have been introduced with a total investment amount of over 320 billion yuan. New Hope, Amer International Group, China Communications Construction Company Limited, ZiJin Mining, Longfor Group Holdings Limited and other world’s Top 500 enterprises were newly introduced to Fuzhou, and 144 projects from 136 leading enterprises such as Zhongjing Petrochemical and Eversun Holding Group were also launched. 16 key industrial chains including new generation of information technology have been vigorously developed with a total production value of nearly 2 trillion yuan.

Faced by good opportunities, it’s high time to ride on the momentum and forge ahead with all efforts. In order to summarize experiences and demonstrate innovative investment promotion outcomes to motivate all sectors of the city into this critical campaign and draw more attention from all walks of life to facilitate Fuzhou’s investment promotion, the Global Innovative Investment Promotion Conference will soon be unveiled in Fuzhou. Five major innovative outcomes are released on site, demonstrating Fuzhou’s new progress, new measures, new experiences and new mechanisms over launched projects, investment promotion, project management platforms, industrial chain map for investment promotion, etc. Fuzhou is rising up to new opportunities and challenges for investment promotion in the new era with fast-developing and high-quality innovation.

Exquisite! One batch of projects flourishes six towns.

When a tree grows tall enough it will naturally be chosen by the phoenix to rest, just as a fragrant flower will naturally attract butterflies. Fuzhou with its favourable business environment now becomes home to many major projects. Construction of Tianjin University-National University of Singapore Joint Institute in Fuzhou and the main building of Bosssoft AI Industrial Phase I Park has been completed. Nearly 900 enterprises have been registered in the China Southeast Big Data Industrial Park with 300-plus projects and a total investment volume of around 300 billion yuan implemented with the Rolling Wave approach. Construction of the first building of Fuyao University of Science and Technology (working title) was completed. Haixia Innovation Laboratory is under construction and Mindu Innovation Laboratory will soon be delivered and put into operation. Dongtaii High-End New Materials Industrial Park has been home to nearly 10 enterprises. The world's largest intelligent manufacturing base project for airtight new materials and the second phase of Changle International Airport construction project are proceeding in full swing. Chinese major online retailer JD.com and leading private agribusiness New Hope Group have signed to settle in the city’s Modern Logistics Town...Through all these glad tidings about investment promotion and projecting launching, it is clear that Fuzhou has set sail for embracing a brighter future driven by the strategy of developing 6 towns.

Supporting strengths are pooled from this land of over 1400 square kilometers, especially from the six towns of Binhai New Town, Fuzhou University Town, Southeast Automobile Town, Fuzhou (Changle) International Aviation Town, Maritime Silk Road Seaport Town, and Modern Logistics Town on it. The city is also developing itself to be an international consumption center and forging a development paradigm where the major platform, major system and major hub are integrated and big projects, strong industry and major industrial clusters support each other, so as to inject more impetus to the pursuit of a modern international city.

Specific! One map draws out 975 leading enterprises as targets. 

Leading enterprises play crucial roles in aggregating industries. In Fuzhou, a special campaign for industrial chain development featuring “highlighting the advantages and offsetting the deficiencies, supporting leading enterprises, improving supporting facilities, pursuing breakthroughs in core technologies in key fields, consolidating foundations of industrial chain and optimizing industrial ecology” has been launched. 16 key industrial chains including new display, new generation information technology and integrated circuit are included in the campaign. A map for industrial chain investment promotion was elaborately drawn on the principle of integrating investment promotion policy, resources and platforms and industrial orientation, forming a new “1+3+1” system for industrial chain investment promotion, namely, one industrial chain map, three key lists for investment promotion policy, investment promotion platforms and major projects, and one mechanism of industrial chain investment promotion working group. The map targets 84 weak or missing links in industrial chains, selects 975 international and domestic leading enterprises and sorts out 109 industrial platforms with a total area of over 49.43 million square meters and 148 supporting policies and measures. The map therefore serves as a guidebook for the city’s front-line personnel of investment promotion.

With the road map set, tremendous efforts have been made to fulfill the aspiration. For the first 3 quarters this year, faced by changes both in internal and external situations, Fuzhou has given top priority to industrial chain investment promotion. 318 industrial projects including China Communications Construction Company Limited wind power and projects of New Hope, China National Offshore Oil Corporation and Zijin Mining, have contributed over 320 billion yuan in investment amount. Eversun Holdings invested 12 billion yuan to develop Green Microfiber Industrial Park. Zhongjing Petrochemical invested 18 billion yuan in C4 New Material Industrial Park. Sichuan Furong Technology, a listed company, invested over 4 billion to set up production lines of aluminum materials for consumer electronics. New Hope invested 868 million to develop Auscow Diary Processing Base and supporting facilities. These projects have played important role in helping extend, renovate and consolidate the leading industrial chains of textile and functional new materials, high-end and fine chemical engineering, green and new metallurgy materials, green food, etc. Major industrial clusters have taken big strides in development and gained more competitiveness.

Meticulous! One platform enables life cycle management.

Just as metal is attracted to a magnetic field, investment is attracted to good service. And the key of optimizing services lies in management. A platform with the mission of coordinating and managing the whole city's investment promotion affairs was launched in response and went into trial operation. Based on the experiences of the past 5 years’ investment promotion practices in Fuzhou, the platform applied the principle of life cycle management, whole process assistance and all-around services to set up 4 core databases of intended projects, launched projects, operated projects and key factors and resources. Every project will be tracked in the full process of matchmaking, contract signing, projecting launching and operating. Each project clue can be intelligently matched with appropriate resources via the platform where all related information of the city is collected. Two mechanisms of project warning and supervision on project coordination were launched to warn the projects making no progress for long period and supervise on projects requiring coordination between different departments. With such comprehensive functions, the platform empowers investment promotion with better quality and efficiency.

The platform now manages over 61,000 intended projects, over 32,000 launched projects and 26,000-plus operated projects, and collects 692 pieces of information about land and building resources covering over 20 square kilometers and 32 million square meters respectively for investment promotion in the city, marking that Fuzhou has entered an era of digital investment promotion.

Precise! One account gathers 5 major information sources.

The saying of “Good wine needs no bush” now no longer fits the situation of investment promotion practices in the new era. For exchanging information and promoting Fuzhou’s development in domestic and international markets, the WeChat official account "Invest Fuzhou", as an important media for Fuzhou’s investment promotion, was officially launched. It covers 3 first-level menus of Information, Investment and Service, under which there are also 12 second-level menus of Fuzhou News, Investment Updates, Think Tank Reports, Business Environment, Key Industries, Investment Promotion Map, Supporting Policies, Want to Invest, Want to Apply, Inquiry, Advice and Resource Download. You can find everything you want regarding investment at this WeChat official account "Invest Fuzhou", be it about industrial planning, space planning, policies, or services.

The WeChat official account now collects nearly 10,000 pieces of information. Besides providing investment promotion information, it also allows policy simulation for projects, as part of Fuzhou’s endeavor to offer all-around and life cycle services in a 24/7 manner to investors. With the WeChat official account serving as an efficient channel for communication, Fuzhou aims to provide more thoughtful, targeted and precise services to investors with efficiency, hospitality and proficiency.

Helpful! One set of policies covers three major industries.

Environment is the key factor of investment promotion. In recent years, Fuzhou steps up efforts to improve business environment. A series of pragmatic, useful and down-to-earth supporting policies and over 148 preferential measures have been launched to facilitate company listing, encourage technical reform, create featured brands, as well as to develop digital economy, marine economy, green economy and cultural tourism economy. A set of comprehensive industrial policies have been developed.

For this Conference, Office of the Fuzhou Municipal Leading Group for Investment Promotion has collected the city’s 148 industrial policies and measures under 52 categories, and extracted the most important 3-4 measures under each category. Such policy outlines along with QR codes for the original full text of the policies and a database of 1,300 carefully-selected keywords are available on WeChat official account "Invest Fuzhou". Investors can easily access to related supporting policies by keyword searching. With full commitment to providing best services, Fuzhou is ready to welcome more investors with open arms.
The last part of a journey is always its toughest. Investment promotion is a marathon with only starting point but no destination. To win an advantage, one could only keep running and making breakthroughs. This year’s Global Innovative Investment Promotion Conference uses videos, photos, digital interactions and other high-tech approaches to demonstrate Fuzhou’s best industries and business environment as well as its rich cultural heritage and competent investment promotion platforms, reflecting Fuzhou’s full confidence and determination to act as a pacesetter riding on the tide of investment promotion.

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