Qingdao taps into shipping insurance market
China DailyThe Qingdao International Shipping Insurance Operation Service Center was unveiled on June 6, marking a major landmark in Qingdao's efforts to build the largest port and shipping insurance market in northern China, according to local officials. Officials announce the official opening of Qingdao International Shipping Insurance Operation Service Center on June 6. Qingdao's long history of shipping has bred an open and inclusive city gene and endowed Qingdao with innate advantages to build a modern international shipping, trade, and financial innovation center, as an important central city along China's coast and an international port city," Vice-mayor Geng Tao of Qingdao said at the launch ceremony. The implementation of the two-level shipping insurance policies will effectively promote the development of Qingdao's shipping insurance industry and help Qingdao to build itself into an international shipping hub center in Northeast Asia and an innovation center of international shipping trade and finance, Geng said.