Qingdao has found the key to unlock further growth in its financial industry and the emerging wealth management sector, said a local official.
Due to its solid industrial and commercial foundation, Qingdao city planners have listed 10 industries set to grow in line with its financial sector.
Since Qingdao began its wealth management pilot area, the city has attracted a number of financial institutions and academics to join in its financial reform. Deals on 14 financial projects were signed during a press conference on Monday, which marked the first anniversary of the pilot area.
Stainless steel "time capsules" containing paper scrolls were given out at a news conference to announce that three Chinese companies in telematics, Internet and car manufacturing had joined hands.
Japanese luxury carmaker Infiniti hopes its locally made lineup and brand-building campaign will lay solid foundations for its mid-term plan in the Chinese market this year.
Daimler AG has vowed to beef up its research and development capability in China in a bid to align its premium passenger car brand Mercedes-Benz to the changing tastes of wealthy Chinese and catch up with major rivals Audi AG and BMW AG in the Chinese market.
Qoros Automotive Co appointed former General Motors' senior executive Phil Murtaugh as its CEO last week, a move seen as one of the most aggressive attempts to turn around the floundering automaker's performance.
BMW Automotive Finance China is aiming to become the leader in China for financial mobility services. "BMW produces premium cars and strives to ensure customers can drive and own them in a convenient way," said Uwe Stadtler, CEO of BMW Automotive Finance (China) Co Ltd. "That is why we offer automotive financial services."
The mid-sized SUV, assembled at Jaguar Land Rover's joint venture with China's Chery Automobile, was launched last week in Shanghai.
Beverly Hills was the setting for an early Chinese New Year celebration on Sunday night, with 2,000 guests turning out to enjoy music and acrobatics performances and a photo exhibition about the 2022 Winter Olympics bid.
Beijing will have to wait another five months to learn if its efforts to win the 2022 Winter Olympics are successful, but a leading official says the bid process has already boosted interest in snow and ice sports.
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