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Economic Information

Qingdao High-tech Zone boosts the development of the real economy


The Qingdao High-tech Zone financial product release and enterprise matchmaking meeting was held in Zijingyuan Hotel on July 4. With the theme of "focusing on financial innovation, boosting the real economy", the event aims to stimulate the creativity and development vitality of real enterprises. Shang Liqun, vice secretary of the working committee of the zone, and Wen Wu, director of the finance bureau attended the meeting.

At the meeting, 10 financial institutions in the zone released new financial innovative products, and more than 20 financial institutions communicated face to face with over 50 real enterprises. A ceremony was held on site, at which 9 financial institutions granted a credit of 600 million yuan to 18 entity enterprises.

The management committee of the zone will play a guiding role in preferential policies, capital support, financial service and other aspects to promote the in-depth integration of financial elements and the real economy, and effectively solve the financing problems of real enterprises.

At present, the financial industry in Qingdao High-tech Zone presents a trend of steady growth. As of May 2019, more than 200 financial enterprises of various types had been settled in the zone, including 1 listed company and 12 enterprises listed on the new third board.

The balance of local and foreign currency deposits reached 15.2 billion yuan, up 26 percent year-on-year, and the balance of loans amounted to 12.8 billion yuan, rising 12 percent year-on-year, maintaining a double-digit growth for five consecutive years.

Qingdao High-tech Zone will continuously improve the service capacity for the  real economy, create a favorable financial environment for its development, dredge the channels for finance to enter the field, and promote the co-existence and co-prosperity of the real economy and finance.

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Management Committee of Qingdao National High-tech Industrial Development Zone ICP:09087849