Laoshan fuels financial sector development
China DailyLaoshan district has been ramping up efforts to build a market-oriented, law-based and international business environment to create favorable conditions for the development of domestic and foreign financial institutions and financial talents. Jinjialing Financial District, the core area of the Qingdao Wealth Management Financial Comprehensive Reform Pilot Zone, is located in Laoshan. Jinjialing Financial District The financial district has been working to introduce more financial institutions with strength in wealth management and have the ability to expand market scales and build industrial chains to help the province become a wealth management hub. Laoshan now is working to build two industrial chains worth 100 billion yuan for virtual reality and modern finance, two industrial chains worth 50 billion yuan for artificial intelligence and intelligent manufacturing, and three industrial chains worth 20 billion yuan for software and information services, biological medicine, and cultural tourism.