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Policy

E. China's Qingdao introduces plan to accelerate opening of financial industry

June 29, 2018


Abstract : East China's Qingdao has recently unveiled a plan (from 2018 to 2022) to accelerate opening-up of its financial industry, the Xinhua-run cnstock.com reported on Friday.

青岛

BEIJING, June 29 (Xinhua) -- East China's Qingdao has recently unveiled a plan (from 2018 to 2022) to accelerate opening-up of its financial industry, the Xinhua-run cnstock.com reported on Friday.

Under the plan, Qingdao will further expand cross-border business, focus on overseas listing and bond issuance, increase the training of international financial talents, and attract the overseas financial institutions to settle down.

According to the Qingdao Daily, within the five years, Qingdao strives to achieve breakthroughs in foreign financial institutions including foreign-funded full-license securities companies, foreign fund companies, and foreign-funded insurance companies, introduce about 10 overseas financial institutions (projects), and see additional 10 overseas listed companies. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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Keyword: qingdao China-opening-up finance-institution

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