Laoshan sees robust growth
China DailyLaoshan district in Qingdao has made unprecedented achievements in economic and social development in the past five years, local officials said. The GDP of Laoshan district exceeded 100 billion yuan in 2021, and the district's general public budget revenue exceeded 20 billion yuan, respectively, 1.7 and 1.5 times from that in 2016. In the past five years, the four leading industries in Laoshan district, namely modern finance, new generation of the information technology industry, cultural tourism, health and medicine, have continuously achieved new breakthroughs. Everbright Wealth Management, BQD Wealth Management, and Hengfeng Wealth Management have set financial management companies in the district, with a combined asset management scale of over 1 trillion yuan.