Its role Developer
Xiamen Torch Group Co., Ltd. is a wholly state-owned enterprise group directly under the Xiamen Municipal Government in Fujian Province, China. Founded in 1998 with predecessor roots in 1990, it functions as the primary developer and operator of the national-level Xiamen Torch High-tech Industrial Development Zone, also known as XMTORCH.
The company engages in land development and investment, public infrastructure construction, industrial park asset management, venture capital, financing guarantees, and project agency services. It oversees subsidiaries specializing in development and construction, venture capital, real estate, logistics, and property management, supporting a broad portfolio of high-tech and industrial projects.
Operating mainly in Xiamen and surrounding areas, Torch Group drives the growth of key sectors including electronic information, new energy, semiconductors, advanced manufacturing, and biomedicine. It has facilitated the establishment of numerous industrial parks and attracted major enterprises such as CATL, ABB, and Schneider Electric. The group has played a direct role in projects like the Xiamen Energy Storage Validation Research Institute (ESVL), serving as investor and builder in collaboration with municipal authorities and CATL.
As a leading state-owned platform, it manages substantial assets, issues bonds, and invests in technology firms to foster innovation ecosystems. Torch Group contributes significantly to Xiamen's economic development, industrial clustering, and transition toward high-quality, sustainable growth in the new energy and high-tech fields.
Also known as Torch Group and Xiamen Torch High-tech Industry Construction and Development Company.
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