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Matchmaking the draw at Xiamen-hosted global investment fair

By LIANG KAIYAN | China Daily | Updated: 2024-09-09

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The 24th China International Fair for Investment and Trade, also known as CIFIT, commences in Xiamen, Fujian province, on Sept 8. LIN YUYANG/FOR CHINA DAILY

Gathering officials and business delegations from across the globe to exchange insights and present investment prospects, the 24th China International Fair for Investment and Trade, also known as CIFIT, commenced in Xiamen, Fujian province, on Sept 8.

With the theme "Investing for an Interconnected World", the four-day event has drawn the participation of 18 international organizations and representatives from 119 countries and regions, with 80 percent of the participating nations engaged in the Belt and Road Initiative, as confirmed by organizers.

This year's CIFIT boasts an exhibition area spanning 120,000 square meters, comprising a central exhibition area and three primary theme pavilions focusing on investment promotion, industrial innovation and development, and capital and project matchmaking.

Hungary, the first European nation to engage with the BRI, has been designated as the guest of honor at this year's CIFIT. The country has established a 450-sq-m national pavilion to showcase its cultural distinctiveness, cutting-edge technology, product innovation, and more. Various themed activities are slated to highlight Hungary's investment landscape and opportunities, featuring innovative breakthroughs in logistics, smart cities, automotive technology, medical diagnostics, and environmental advancements.

Mate Pesti, Hungarian ambassador to China, underscored the decades-long cooperation between China and Hungary, emphasizing the significant strides made in bilateral economic collaboration, particularly in trade relations.

High-level visits and exchanges have further deepened the strategic partnership between the two countries and consolidated their complementary advantages, Pesti said.

The emergence of electric vehicles and related industries as pivotal areas in China-Hungary trade under the BRI has led to the creation of a stable cooperative ecosystem for the industry, bolstered by a comprehensive supply chain system and research and development, the ambassador said.

Pesti expressed confidence that this year's CIFIT will foster new collaborations and lay a robust foundation for further deepening the partnership between China and Hungary. He highlighted Hungary's role as a crucial gateway for Chinese enterprises seeking entry into the European market, underscoring the country's commitment to supporting and facilitating global business expansion.

As the guest province of honor at this year's fair, Zhejiang, a key economic hub in East China, has established a 720-sq-m exhibition area, showcasing its local enterprises and platforms specializing in high-tech and new economy sectors.

With a focus on international investment and cooperation, the fair is hosting a series of project roadshows, matchmaking sessions, and other activities aimed at introducing investment opportunities arising from China's modernization drive and its vast market potential.

Notably, the fair features the "Invest in China" pavilion, a capital and project matchmaking pavilion that provides a platform for diverse matchmaking endeavors, including financial capital, advanced manufacturing in economic zones, and specialized innovative enterprises.

Shenwan Hongyuan Securities, a participant in the financial capital matchmaking segment at the "Invest in China" pavilion, showcased its competitive financial services, reflecting the company's commitment to leveraging its financial expertise to bolster new quality productive forces in alignment with China's financial empowerment strategy.

"It is a great honor to be able to participate in the first 'Invest in China' zone exhibition at the CIFIT," said Zhou Haichen, a member of the executive committee at Shenwan Hongyuan.

"As a State-owned financial business, we have focused on the theme of this special exhibition zone and are leveraging our comprehensive financial service strengths — research, investment and investment banking — to empower new quality productive forces," Zhou said. "These actions align with the country's strategy of becoming a financial powerhouse."

In response to the evolving global economic landscape, the fair has introduced a supply chain innovation exhibition zone, spotlighting demonstration cities and leading businesses in China's supply chain innovations. The zone showcases the business ecosystem, integration and innovation cases, as well as the latest technologies and achievements in supply chain construction, management optimization, and service innovation.

Cainiao Group, a prominent logistics entity, unveiled its latest unmanned delivery vehicle at the exhibition, designed to facilitate the distribution of small industrial goods. Equipped with Level 4 autonomous driving technology, the vehicle enhances operational efficiency for courier companies while ensuring safety through radar recognition.

Li Ying, deputy general manager of public affairs at Cainiao, highlighted the vehicle's role in reducing resource waste and lowering logistics costs.

"We hope that by leveraging innovative upgrades in the supply chain, we can help implement these policies and better serve our customers," Li said.

"We received inquiries about the vehicle from automotive and garment businesses and also a Kazakhstan trader as soon as the exhibition opened this morning," Li said. "We hope to communicate and connect with more clients and traders at the fair."

The fair is hosting a series of themed forums and meetings centered on investment trends and hotspots, and releasing authoritative reports, including a world investment report, a statistical bulletin on China's foreign investment, foreign investment guidelines, and a report on national supply chain innovation and application development.

3.pngForeign guests talk at the 24th CIFIT. LIN YUYANG/FOR CHINA DAILY

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