Quanzhou'S Overseas Listed Shoe Companies Return Home To Invest In Business Opportunities

Last year, Quanzhou's import and export volume reached a record high.

This year, Quanzhou actively responded to the impact of the global financial crisis, increased investment and capital investment, and made great efforts to introduce the world's top 500 industrial projects.

Reporters learned yesterday from the city's foreign trade and economic cooperation conference that two world top 500 enterprises are intending to settle in Quanzhou, namely, Suez sewage treatment project and Boeing project.

Import and export volume has reached a record high. The past year has been extraordinary.

Affected by the international financial crisis, Quanzhou's open economy has faced unprecedented challenges.

Faced with the most complex and severe economic environment in the past 30 years of reform and opening up, Quanzhou has maintained stable operation of foreign trade and trade, and import and export volume has reached a record high.

It is learnt that in 2008, Quanzhou's import and export volume totaled 8 billion 521 million US dollars, an increase of 24.38%, an increase of 6 over 6 years.

Of which, 5 billion 796 million US dollars were exported, 101.19% of the city's annual target tasks were completed, and 2 billion 725 million US dollars were imported to achieve 124.94% of the annual target.

The EU has become the primary export market. The export pattern of Quanzhou enterprises is also changing quietly. The EU has replaced the US as the largest export market for Quanzhou enterprises, and exports to the EU account for 22.2% of the total export volume of the city.

Over the past year, Quanzhou has exported more than 100 million US dollars to 21 countries and regions, an increase of 6 over 2007, and new countries are mainly concentrated in emerging markets such as South America and the Middle East.

In 2008, Quanzhou exported $1 billion 274 million to emerging markets such as Russia, India, the Middle East and Latin America, an increase of 28.41%, an increase of 12.05 percentage points over the city's average growth rate.

The growth of mechanical and electrical products is strong, and the annual export of electromechanical products reaches US $974 million, up by nearly 30%, covering machinery and equipment, auto parts and metal furniture.

The return investment of overseas listed companies and overseas listing return investment has become a new source of growth in Quanzhou's utilization of foreign capital.

XTEP, alligator, DAPAI, Sen Mei and other 4 enterprises successfully listed overseas, financing nearly 3 billion yuan, foreign listed enterprises listed overseas and Meck, Xingye leather, Jin Ba and other 3 domestic listed foreign investment enterprises "go out" after the return investment, expanding the source of foreign investment in Quanzhou.

Among them, 4 enterprises such as Anta, Hongxing Erke, XTEP, Sen Mei and so on have invested 6 projects in the round trip, with 256 million foreign capital contracts, accounting for 15.9% of the contracted foreign capital in the same period.

This year, Quanzhou will focus on overseas private equity funds to carry out capital raising, mergers and acquisitions, overseas listing and other ways of attracting foreign investment. As soon as possible, we can sort out a number of projects that are expected to increase capital and exceed the total investment of more than ten million US dollars. A group of enterprises that intend to undertake foreign mergers and acquisitions, and a group of listed companies with artistic conception, will actively guide overseas listing and raising funds to invest in Quanzhou.

Introducing the world's top 500 enterprises, according to the introduction, 2 world top 500 enterprises are intending to settle in Quanzhou.

The French sewage treatment project in Suez is planned to be located in Quangang joint petrochemical company. Boeing project will be located in Quanzhou export processing zone.

This year, Quanzhou will focus on the world's top 500 enterprises, large multinational companies, industry leading companies and listed companies, and intensify investment promotion.

Concentrating on the introduction of some super large projects that can lead the development of local economy to exceed 100 million US dollars or even exceed 1 billion US dollars, and the business revenue is over ten billion yuan. According to the principle of "preferential case", we need to support the successful entry of the world's 500 strong productive projects, and reward the meritorious personnel who have successfully introduced the project.