The Xiamen government and the Association of Taiwan Investment Enterprises on the Mainland signed a strategic cooperation agreement on July 30 to jointly promote the establishment of a cross-Straits investment fund in Xiamen.

The investment fund, mainly funded by Taiwan enterprises, will be engaged in private equity investment, with a focus on supporting the transformation and upgrading of Taiwan enterprises.

It will also promote economic cooperation between Taiwan and Xiamen, and help Xiamen accelerate the construction of a cross-Straits financial service center.

During the signing ceremony, Hu Changsheng, Party secretary of Xiamen, stated that Xiamen provides Taiwan compatriots and enterprises with the same treatment as those on the mainland.

He also pointed out that Taiwan enterprises have become an important force in promoting Xiamen's economic and social development, and have made important contributions to the integrated development of both sides.