City makes a name in global finance

Diversified capital market takes shape with a variety of financing institutions, Xie Chuanjiao reports.

Driven by comprehensive wealth management and financial reform, Qingdao, a coastal city in east China's Shandong province, is making every effort to develop its finance sector.

"The scale and scope of the city's finance sector keeps growing as we have been striving to improve the ecosystem and increase vitality for the industry," said Qingdao Deputy Mayor Liu Mingjun.