First domestic Maritime Silkroad Global Family Office opens in Xiamen

The opening ceremony of the Maritime Silkroad Global Family Office and Cross Border Wealth Management Advisory Services Center at Maritime Silk Road Central Legal District is held on March 11. [Photo by Lin Yuyang for ftz.xm.gov.cn]

The Maritime Silkroad Global Family Office and Cross Border Wealth Management Advisory Service Center commenced operations at Maritime Silk Road Central Legal District Pilot Zone in the Xiamen Area of China (Fujian) Pilot Free Trade Zone in Sea World on March 11.

The initiative aims to provide comprehensive, internationally-aligned "one-stop" services for domestic and foreign operating entities and entrepreneurs through the global family office, with the goal of pushing higher-level opening-up in Xiamen and Fujian province.

Following the center's launch, the Xiamen FTZ will propel Xiamen to become the top domestic location for global family offices and cross-border wealth management services, following in the footsteps of Switzerland, Singapore, and Hong Kong.

Cross-border e-commerce is an important service provided by the service center. [Photo by Lin Yuyang for ftz.xm.gov.cn]

The center focuses on providing wealth management, intergenerational inheritance, cross-border investment and financing, and overseas transaction merger and acquisition services to businesses and entrepreneurs involved in the Belt and Road Initiative.

It offers "four services and one guarantee", including family office services, legal services, talent services, industry services, and comprehensive guarantees.

The center's operations are benchmarked against international financial centers in Europe, the United States, Singapore, and Hong Kong.

Its aim is to adapt to the reception of international and overseas Chinese's high-net-worth capital, facilitating domestic and international investment among Fujian merchants, private entrepreneurs, and capital.

The center will support the development of the FTZ International Business District, Legal District, and Fund Port.