Goodstone Fund Town – located in Xiamen city in East China's Fujian province – is the first municipal fund town to be launched by the Xiamen municipal financial regulatory bureau.
The fund town is a characteristic town with the private equity fund industry as its main feature, bringing together the relevant financial institutions of the fund, realizing the integration of industry and finance, industry and city, and talent gathering.
It is situated in the core area of the Cross-Straits Financial Center, the only cross-Straits regional financial service center in China to be approved by the State Council, China's Cabinet.
Goodstone Fund Town, adjoining a lakeside reservoir, has appealing views. [Photo/WeChat ID: gh_6233022b6145]
It covers an area of 23,000 square meters and lies within a 15-minute drive of Xiamen Gaoqi International Airport. The facility features a public service area covering nearly 1,000 sq m, with a roadshow center and a multi-functional conference room.
Guests attend a private equity development seminar held in Goodstone Fund Town. [Photo/WeChat ID: gh_6233022b6145]
A range of favorable policies are said to appeal to private equity companies. According to the local authorities, the fund town enjoys tax incentives both from the local Huli district and the Xiamen Area of China (Fujian) Pilot Free Trade Zone.
"The operators of the fund town provide us with highly efficient one-stop services," Zeng Jiangjun, general manager of Shiyun Private Equity Fund Management Co Ltd – one of the first private equity companies to register there.
Hong Junjie, head of Goodstone Fund Town, said the convenience of its services is due to the combination of concerted efforts by the local government and the market.
He added that its operations mode helps the financial media to learn about the industry and take full advantage of the talent of nearby Xiamen University.
The first talent fund in Fujian province – launched in the town in June 2021 – focuses on the new generation of information technology.
Moving forwards, plans are for the fund town to further stimulate social capital in the city.