Big business of wealth management

City policies encourage the arrival of companies and investment products

The coastal city of Qingdao in East China's Shandong province is on track to become a global wealth management center, said a city leader.

The central government's decision to launch a financial pilot zone in Qingdao earlier this year is set to give a huge boost to the city's development, said Qingdao Vice Mayor Liu Mingjun.