Xiamen to be regional base for finance

It is a sizzling day in July. Inside the human resources office on the 4th floor of the Fubon Property Insurance Company in Xiamen, new employees are receiving training on insurance services from Taiwan lecturers.

Expecting to start its business this year, Fubon is the first property insurance enterprise admitted into Chinese mainland from Taiwan.

The Xiamen municipal government declared officially this July that the city is to construct a regional financial service centre for the Straits, attracting more financial enterprises from Taiwan to Xiamen. For such a newly expanded special economic zone like Xiamen, this is an important step for the city to become head of the economic zones on the west coast of Taiwan Straits, after ECFA (Economic Cooperation Framework Agreement of Chinese mainland and Taiwan) was signed by both sides.