5 years on: SPG enhances Qingdao's role as intl shipping center
China DailyThe busy Qingdao Port in Shandong province. Qingdao Port, Rizhao Port, and Yantai Port, which are SPG's subsidiaries, are leading the way, ranking fourth, seventh, and 10th, respectively, among global coastal ports. Qingdao, the city where SPG is headquartered, has seen a significant increase in the overall capacity of its port, and the city's service functions as a shipping center have reached unprecedented levels of quality. Major industrial platforms, such as SPG's international energy trading center, a harbor securities futures company, and a ship trading platform, have also been set up in Qingdao. Statistics show that annual investment in Qingdao by SPG has doubled compared to before 2019, with tax revenue reaching 2.58 billion yuan in 2023, demonstrating significant growth.