Kinmen, May 29 (CNA) The Kinmen County government said Saturday that it welcomes a partly Chinese-funded joint venture that will build a resort and shopping center on the island of Kinmen.
The Investment Commission under the Ministry of Economic Affairs approved the project on Thursday, in which a Chinese company from Fujian Province plans to invest about NT$50 million (US$1.56 million) to set up a company with a Taiwanese partner on the offshore island.
The joint venture — which will be 49 percent owned by the Fujian-based company and 51 percent by the Taiwanese side — will be the first time a Chinese company has invested in Taiwan’s tourism industry.
Hsiao Yung-ping, an official at the Kinmen Industrial Development and Investment Promotion Commission, said that the company is eying the increased number of tourists traveling via the direct transport links between the Chinese city of Xiamen and the Taiwanese islands of Kinmen and Matsu — the so-called “mini-three-links.” Kinmen County’s efforts to make itself an island of medical tourism and leisure travel also provide a lot of business opportunities, he added.
Hsiao said that Kinmen County offers various investment incentives and will provide assistance to companies in need. (By Ni Kuo-yen and Fanny Liu)