The World Tourism Cities Federation Investment & Financing Conference Kicks off in Beijing

On May 29th, the World Tourism Cities Federation Investment and Financing Conference, a special tourism activity of China International Fair for Trade in Services (CIFTIS) was held. The event was hosted by the World Tourism Cities Federation (WTCF), managed by its Investment Branch and supported by the Beijing Municipal Culture and Tourism Bureau , Tianjin Municipal Bureau of Culture and Tourism, and the Hebei Provincial Department of Culture and Tourism. More than 200 representatives attended the meeting, including representatives from Argentina, Dominica, Uzbekistan, Morocco, Israel, Seychelles, Cambodia, China and the Shanghai Cooperation Organization (SCO), as well as project representatives from enterprises and investment funds domestic and abroad.

Vladimir Norov, SCO Secretary-General

Gonzalo Robredo, Vice Chairman of WTCF

Li Hong, Vice Mayor of Zhangjiakou

At the opening ceremony, Vladimir Norov, SCO Secretary-General said that WTCF is a strategic partner of SCO. It is one of the fastest developing international tourism organizations in the world. According to Vladimir Norov, 43 out of 141 member cities of WTCF from 72 countries are also members of SCO. The SCO is willing to cooperate with the WTCF in infrastructural improvement, enhancement, and promotion of tourist cities. Mr. Gonzalo, Vice Chairman of WTCF, said that the Investment and Financing Conference held at its annual summits and regional meetings had reached a total turnover of more than 100 billion yuan. The efforts of the WTCF Investment Branch have effectively integrated capital and development of tourism industry. Also, the conference invited Li Hong, Vice Mayor of Zhangjiakou to deliver a promotional speech themed ‘The Investment Project of Zhangjiakou, The City of The Winter Olympics’.

Forum one: Integration of Tourism Resources and Investment

Forum two: Integration of Culture and Tourism, Product Innovation and Upgrade

Centering on the theme of ‘New Trend of Investment and Financing’, the two forums entitled ‘Integration of Tourism Resources’ and ‘Investment and Integration of Culture and Tourism, Product Innovation and Upgrade’ were held. The participants exchanged views on the new trend and features of tourism investment and integration of culture and tourism, which offered informative reference.

Project representatives in a negotiation

Business representatives of Punta Cana at the investment fair

Project representatives in a negotiation

The site of signing

The Investment and Financing Fair has attracted more than 30 well-known domestic and foreign investment funds and more than 50 enterprise project parties. They conducted 8 rounds of over 240 one-on-one negotiations. In the end, the 37,000-gross-ton Luxury Cruise Project designed, manufactured and operated independently by China, signed a contract with Cambodian Mondulkiri Forest Health Tourism Complex Project. The total volume of investment is 8 billion yuan.

China Economic Net carried out the live broadcast of the opening ceremony and the forums. Dozens of media organizations including Financial Times, HeXun, Sina and Global Times participated in the coverage.