Wednesday, February 23, 2022

Xiamen initiates first intellectual property operation investment fund of key industries

 Recently, the signing ceremony of 20-million-yuan equity participation of Xiamen Intellectual Property Investment Co., Ltd. in Meitong Phase II Fund was held at the Xiamen headquarters of Meiya Pico. As the first investment fund for intellectual property operation of key industries in Xiamen, Meitong Phase II Fund will focus on high-growth enterprises with independent intellectual property rights and trademarks. It is the second fund initiated by Xiamen Meiya Wutong Investment Management Co., Ltd., with a fund size of about 280 million yuan. The fund will emphatically invest in the new generation of information technology, focusing on leading enterprises in such industries as big data, artificial intelligence, network security, Internet of Things, smart city, military-civilian integration, and medical information.

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Xiamen plans to build a new aviation industrial park

 On October 28th, the "MRO China 2020" was held in Xiamen. It was reported that Xiamen is speeding up the construction of the new Xiang'an Airport. The event focuses on establishing a modern airport industry system in Xiamen with regional influence, including building a new aviation industrial park in the north of the new airport and setting up an airport comprehensive bonded zone. According to the introduction, as a well-known one-stop aviation maintenance base, Xiamen has gathered 16 professional aviation maintenance companies, including Swire and ST Aerospace, forming a relatively complete industrial pattern covering the overhaul of aircraft structure, the conversion from passenger plane to cargo aircraft, business airplane assembly, engine maintenance, etc. The output value of Xiamen airlines' maintenance industry represents about a quarter of the domestic market, and its business volume ranks among the top around the country.

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Xiamen opens new cargo airlines to Europe

 Regular cargo charter flights to and from Europe were launched in Xiamen on November 13, with three flights scheduled every week until the first half of next year. The primary purpose of the flights is to relieve the pressure of cross-border e-commerce in peak seasons. Xiamen and surrounding areas are major export destinations in Fujian, with active import and export trade, high degree of clustering in the production and manufacturing industry, and strong demand for air cargo transport. The new airlines will help e-commerce enterprises, export enterprises and brand operators in Fujian and surrounding areas further tap the European market.

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Xiamen Xiangyu Comprehensive Bonded Zone inaugurated

 On the morning of December 18, Xiamen Xiangyu Comprehensive Bonded Zone was officially inaugurated, which is also the first of its kind in this city. In the first three quarters of 2020, the total import and export volume of the bonded zone, formerly known as Xiamen Xiangyu Bonded Logistics Park, reached 21.14 billion yuan, up 36% year-on-year. After the transformation and upgrading, the bonded zone will build a free trade port with high standards, introduce more high-quality resources and major projects, so as to become a demonstration zone for the transformation and upgrading of an open economy. At the inauguration ceremony, 10 high-quality cooperation projects were newly settled here, with partners including Global Logistics, JD Trade, Lamina Optical, Jiangsu Zhongchi Power Equipment and many other well-known enterprises from China and other countries.

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"China (Xiamen) Intelligent Audio-visual Industry Base" approved to launch

 On December 21, the National Radio and Television Administration publicized an announcement to approve the establishment of the "China (Xiamen) Intelligent Audio-visual Industry Base" declared by the Fujian Provincial Administration of Radio and Television. The Audio-visual Industry Base is composed of two parts: the core area and the expansion area. The former is located in the audio-visual industry area of Xiamen Software Park Phase II and the latter in Xiamen Software Park Phase III. Through focusing on "technology + culture", the Industry Base will promote the digital, networked and intelligent development of the intelligent audio-visual industry, and build a national-level platform for network audio-visual operation service and investment attraction. Heretofore, there are 18 leading and rapid growing intelligent audio-visual enterprises and 16 cooperative projects that have signed contracts to land in the Industry Base.

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Cargo shipping services debuts between Xiamen and Australia

 Zim Integrated Shipping Services officially debuted its China Australia Express service last week. The Bright cargo ship completed the initial journey along the route when it docked at Xiamen Port's Haitian wharf last Friday. Zim will service the route with a total of six 2,500-TEU container ships. The route runs between Xiamen and Brisbane, Australia, with stops at Ningbo, Shanghai, Sidney and Melbourne.

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Import tariffs to cut on 26 core aviation materials

 In the recent tariff adjustment plan for 2021 released by the Customs Tariff Commission of the State Council, Xiamen's proposal for adjusting the import tariff rates of 26 core aviation materials were adopted. It is estimated that the reduction in the tariff rate of core aviation materials is expected to bring Xiamen aviation maintenance enterprises an annual reduction of nearly 20 million yuan in tariff cost, fuelling their international competitiveness. For all these years, Xiamen has been placing great emphasis on the development of the aviation maintenance industry. The Xiamen Area of Fujian Free Trade Zone is always seeing the aviation maintenance industry as one of the 14 key industrial platforms in the area, organically combining institutional innovation with industrial development in an effort to forge a globally key "one-stop" aviation maintenance base.

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