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2018 CIFIT promotions conclude in Macao

     chinadaily     2018-7-9 8:34:00    

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The organizing committee of the 2018 CIFIT in Macao held a promotional conference there June 27 to expand the influence of the investment and trade fair.


Some 150 investment and promotional representatives from Macao’s local governments, business associations and financial institutions were invited to attend the conference.


Zhang Hongxia, a guest from Yunnan, this year’s honored province, promoted her home region at the conference.


Kao Mei Yen, chairwoman of the Macao-Xiamen Friendship Association, spoke highly of CIFIT in a speech. Kao noted that the fair has become an important platform where business associations and companies can learn about new domestic and foreign economic situations.


The chairwoman encouraged Macao’s business community to fully utilize the event and seek further opportunities for cooperation with their Chinese mainland counterparts.


Deputy Mayor of Xiamen Han Jingyi said the improvements made to this year’s CIFIT will offer domestic and foreign investors and project holders more efficient services.


Wang Qiongwen, deputy director of CIFIT’s organizing committee, briefed attendees on the agenda and program of this year’s fair, which will host a series of exhibitions, forums and project matchmaking events and activities.


A 138,000-square-meter exhibition area with 6,500 booths will be split between the investment promotion pavilion and the industrial investment pavilion.


A 20,000-square-meter exhibition area is expected to be erected exclusively for countries and regions involved in the Maritime Silk Road; more than 20 countries from ASEAN (Association of Southeast Asian Nations) have already confirmed their participation.


Along with real estate, tea leaves, wine and cross-border industries, the industrial investment pavilion will host investment exhibitions featuring emerging industries, We Media and copyright for the first time.


More than 80 investment-related forums are expected to be hosted this year.


China’s Ministry of Commerce, the United Nations Conference on Trade and Development (UNCTAD), the UN Industrial Development Organization (UNIDO), the Investment Association of China and other authorities and organizations will release reports at the fair, with the Report on Foreign Investment Index in China, the World Investment Report and the Report on E-commerce Development in China among them.


One of CIFIT’s co-sponsors, the World Association of Investment Promotion Agencies (WAIPA), plans to hold the World Investment Conference during this year’s fair with 70 international ministerial leaders to be invited to attend.


Project matchmaking events will be integrated into exhibitions, conferences, forums and other supporting activities. Exchanges between key investors and project holders will be offered additional facilities and support.


In the 20 years since the first CIFIT, the fair has been attended by 190,000 businesspeople from more than 160 countries and regions, and has facilitated investment of more than $230 billion.


The 2017 CIFIT saw the signing of 1,577 investment projects worth 532.7 billion yuan ($80.28 billion) and drew the attendance of more than 100,000 representatives from 4,000 domestic and foreign enterprises, 700 business groups and 40 multinational corporations from 107 countries and regions.


This year, CIFIT will be held in Xiamen, Fujian province, from Sept 8 to 11.



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