Shandong plans global wealth pilot zone

Deputies of the National People's Congress have expressed confidence in the country's financial reform and the implementation of a comprehensive pilot zone for global wealth management in Shandong province.

Guo Shuqing, governor of Shandong province and an NPC deputy, said the province will strengthen legislation and regulation covering the financial sector and establish special courts to deal with financial disputes.

Guo welcomed international financial institutions to invest in Qingdao, a coastal city that's seeking permission to open a free trade zone.