Qingdao’s Jinjialing Financial City aims to be leading financial hub

Qingdao Jinjialing Financial City has been actively exploring innovative approaches and models for financial services to support the real economy.

Qingdao, Shandong, China – October 26, 2023 —

Qingdao Jinjialing Financial City, which serves as the core area of the national-level financial comprehensive reform pilot zone for wealth management, has been actively exploring innovative approaches and models for financial services to support the real economy.

A glance at Jinjialing Financial City in Qingdao, East China’s Shandong province. [Photo provided to chinadaily.com.cn]

Leveraging the advantages brought by the national strategic initiatives, it has concentrated its efforts on attracting businesses and investments, enhancing talent acquisition, providing excellent services to enterprises, and driving reform and innovation.

At present, the 23.7-square-kilometer financial city houses over 1,200 financial institutions and related enterprises. Among them are 23 legal person financial institutions and three bank wealth management subsidiaries.

The development focus of the financial city lies in venture capital, enterprise listing and digital finance. The goal is to create a first-class business environment grounded in market principles, governed by law and aligned with international standards.

To meet the needs of enterprises, local authorities have sought to minimize disruptions and deliver swift, reliable, and attentive services. The financial city offers an ideal environment for living and working as it has pleasant natural surroundings, robust infrastructure, and a comprehensive financial intermediary service system.

Qingdao Jinjialing Financial City specifically targets enterprises in modern finance, venture capital and digital finance. It has devised comprehensive, systematic and competitive incentive policies tailored for legal institutions, regional jurisdiction institutions, and local financial organizations that have been approved by financial supervisory authorities, recognized financial industry organizations and financial sci-tech enterprises.

According to its 2021-25 action plan, Jinjialing Financial City will consolidate its position as the core zone for wealth management, the demonstration zone for venture capital, and the pilot zone for digital finance. Additionally, it is aspiring to fast-track the establishment of the CNY financial asset allocation center and a hub for headquarters functions.

Contact Info:
Name: Pan Qi
Email: Send Email
Organization: chinadaily.com.cn
Website: http://www.chinadaily.com.cn/

Release ID: 89111392

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