Jinjialing's boost in taxes and firms

The bustling Laoshan district in eastern Qingdao is in a huge boost toward its goal as a new financial hub with central government plans to appoint it a financial pilot zone for wealth management.

Qingdao began formulating strategies to develop financial operations at Laoshan district's Jinjialing area in early 2012.

Today Jinjialing is already home to 203 financial companies, some 80 percent of the city's total.