Photo taken on July 8, 2018 shows a commercial block in Xiamen, Fujian province. [Photo/VCG]

Three-hundred-sixty-eight projects worth a combined 303 billion yuan ($42.9 billion) have been introduced in Xiamen since June, bringing the city's repository of investment projects up to 611, with a total investment of 455.23 billion yuan.

Efforts have been made to attract entrepreneurs to the city for field visits, and they were assured of preferential treatment in terms of policies and incentives. The favorable business environment is another big attraction.

High-quality projects that conform to Xiamen's development pattern were introduced by the city's four investment attracting teams which focus on modern agriculture, modern manufacturing and information, modern service, and central enterprise and headquarters financing.

Their main targets include China's top 500, state-owned enterprises, industry leaders, unicorns, and gazelle enterprises.

According to an official, the city's project repository includes 90 projects valued at more than 1 billion yuan. There are 273 modern service projects, accounting for 44.68 percent of the total number of registered projects. 

A series of supportive policy measures were launched at a recent conference, which promoted the development of high-tech, high-growing enterprises and those with high value-added. Fourteen state-level scientific research institutions, well-known enterprises and famous universities including Southwest Jiaotong University decided to set up new-type R&D centers in Xiamen. Meanwhile, nine innovative public service platforms were initiated, which will benefit from Xiamen's business-friendly environment and long-term follow-up services.