As the pivot of Qingdao's innovative development strategy, the Hongdao Economic Zone or the Qingdao High-Tech Zone, is gaining momentum with technology enterprises and research institutions swarming in.
As the starting point for the eastern route of the 21st Maritime Silk Road, the coastal city of Qingdao in Shandong province has a prime position in the new Eurasia Land Bridge, and is a strategic pivot point for China's maritime cooperation.
The Qingdao government recently launched new strategies in the hopes of transforming the city into an international metropolis.
Since the beginning of the 20th century, Qingdao has been renowned as one of China's leading tourist destinations, with attractions and health resorts that have garnered frequent praise from many of the country's political leaders and celebrities.
The Chinese central government's approval of Qingdao's application to develop the city into a Wealth Management and Comprehensive Financial Reform Pilot Zone in February 2014 has already proven a great success.
Qingdao, a leading economic hub on the coastline of East China, is home to a number of globally-recognized brands, and over the past three decades, these home-grown brands have gained recognition in the global market amidst the city's economic boom.
Editor's note: Qingdao is a city with a long history of volunteerism. Back in 1916, the World Red Swastika Society - an organization grounded in religions such as Buddhism and Taoism - was founded in Qingdao and was dedicated to charitable and relief works. Over the last 100 years, volunteerism has thrived in the coastal city, with dozens of grassroots volunteer organizations establishing offices and offering services to those who in need. The following are some active cases.
Mercedes-AMG is blazing ahead in China at a pace that is very much on a par with the speed of growth in the country's automotive industry.
Forum confirms Qingdao's rise as center for finance management
Shanghai University of Finance and Economics set up a wealth management institute in Qingdao in 2014. It was the first branch set up by the university outside Shanghai. The university is renowned for producing accountants, economists and financial experts through its programs.
The Chinese central government's approval of Qingdao's application to develop the city into a Wealth Management and Comprehensive Financial Reform Pilot Zone in February 2014 has already proven a great success.
The Qingdao government hosted a seminar on financial innovation and risk management on June 19.
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