At the beginning of the new year, the Fujian Provincial Department of Commerce continued to strengthen investment promotion, worked to stabilize foreign investment, delivering a good performance in utilizing foreign capital in the province. In January, the province actually utilized foreign capital of 4.42 billion yuan, an increase of 8.7% year-on-year, an increase of 17.2% over the same period of 2020, an average increase of 8.3% in two years, and completed the annual task by 11.2%, with out-of-schedule progress of 2.9 percentage points.

The Absorption of Foreign Capital by High-tech Industries Has Increased Significantly

Foreign capital actually utilized in high-tech industries reached 1.56 billion yuan, an increase of 37.7%, accounting for 35.2% of the province, an increase of 7.4 percentage points over the same period last year. Among these, foreign capital actually utilized in non-professional audio-visual equipment manufacturing, information service industry, R&D, and design service industry increased by 755.8%, 70.1%, and 4133.5% respectively.

The Service Industry Recorded Rapid Growth in the Actual Use of Foreign Capital

The actual use of foreign capital in the service industry stood at 2.86 billion yuan, an increase of 14.9%, accounting for 64.7% of the total. Among these, the actual use of foreign capital in scientific research and technology services, information transmission and information technology services increased by 135.3% and 34.3% respectively.

The Number of Main Sources of Investment Grow Steadily

The actual use of Hong Kong and Macao funds increased by 11.8%, accounting for 71.3% of the total. Indonesia, Australia, the United States, and Malaysia also registered rapid growth, with an increase of 6090.1%, 1598%, 209.3%, and 46.3% respectively.

The Amount of Funds from Large Projects Accounts for Over 60% of the Total

There are 9 foreign-funded enterprises with a capital of over 100 million yuan in the province, an increase of 22.1% over the same period of last year, accounting for 65.8% of the total. Among these, enterprises with investments of more than 300 million yuan include Luckin Coffee, CHIMEI Chemical, TPV Display Technology, Shenzhou UCAR, Pupu Technology, among others.