Xiamen Torch Hi-Tech Industrial Development Zone was jointly established by the former State Scientific and Technological Commission and the Xiamen municipal government in 1990.
Over the past years the zone has gradually developed into "one zone with multi parks". The core district covers the Torch Hi-Tech Park, the Software Park, the Pioneering Park for Overseas Chinese Scholars, the Luqiao Hi-Tech Park, the Beijing University Biological Park and Tongji High-Tech Park.
A favorable investment environment and high returns has made the zone into a hot spot for foreign investment. After a thorough inspection of the software and hardware available in the zone, Bourns Inc. of the United States concluded that Xiamen Torch Hi-Tech Industrial Development Zone is the most ideal target for foreign investors of the 53 national high and new technology zones in China. Some of the world’s top 500 companies such as Dell, ABB Switch, ABB Low-Voltage, ABB High-Voltage, Panasonic, FDK, Xiamen Tungaloy, and Fujitsu are rapidly expanding their operations in Xiamen.
The Xiamen Torch Hi-tech Industrial Development Zone is now at a new stage of development, a stage marked with more favorable conditions and opportunities. The municipal government's strategy of developing Xiamen proper into a greater Xiamen, or a "Bay City", has brought the zone immense opportunities.
The zone is oriented towards information technology, biotechnology, new energy, new materials, oceanology, advanced manufacturing, and environment technology. Most of its exports go to countries and areas such as the United States, Japan, Southeast Asia, West Europe, Hong Kong, Macao and Taiwan. Hi-tech exports include computers, color monitors, microscopes, power supply units, integrated circuits, stepping motors, wireless telephones, switching equipment, tungsten carbide micro-drills, and similar products.
The Xiamen Torch Hi-tech Industrial Development Zone encourages and supports various organizations in consultancy, evaluation, accounting, auditing, and legal matters by providing services ranging from investment consultancy to technology transfer, asset appraisal, information service, legal services, transaction of property rights, foreign trade agency work, and labor flow.
The zone is open to and welcomes investors from home and abroad.