Fujian: Support Xiamen in building a fund cluster area to attract long-term domestic and foreign capital, patient capital to invest in BRICS cooperation projects.

date
23/04/2026
The People's Government of Fujian Province issued the "Opinions on Supporting the High-Quality Development of the Innovative Base of the BRICS New Industrial Revolution Partnership". The "Opinions" propose to strengthen financial empowerment. Support Xiamen in building a fund aggregation zone, leverage the advantages of the pilot policy for qualified foreign limited partners, attract long-term capital from domestic and foreign sources, and patient capital for investment in BRICS cooperation projects. Explore cooperation with BRICS countries in areas such as cross-border transactions, payment settlement, and regulatory coordination, to create a new cross-border cooperation model integrating "industry + finance + data". Support the establishment of a cross-border RMB business training center in BRICS innovation bases, providing policy advocacy and service coordination. Guide financial institutions to establish BRICS business dedicated centers in BRICS innovation bases, providing credit lines and efficient cross-border settlement channels legally and in compliance with regulations for related enterprises.