Wealth Qingdao

In February 2014, Qingdao was approved to be the first national pilot zone for comprehensive financial reform for wealth management in China, which injected a strong stimulus into Qingdao's financial industry. In October 2019, Qingdao was approved to be one of the national pilot cities for financial science and technology application, adding one more "national level title" to Qingdao's financial industry.

In 2019, Qingdao organized the Global Venture Capital Conference, striving to build a global venture capital center. By the end of 2021, Qingdao has 441 PE managers and 1,732 funds registered with the Asset Management Association of China with a combined scale of 163.939 billion yuan, representing a growth of 79, and 845 and 60.009 billion yuan respectively compared with the figures at the beginning of 2021. The year-on-year increases rank No.2, No.2 and No.5 in China respectively. The vibrant venture capital center is playing a greater role as a model and powerhouse.

By the end of 2021, the loan balance in Chinese yuan and foreign currencies of Qingdao reached 2.4 trillion yuan, creating a new record in credit financing. Annual newly added loans exceeded 300 billion yuan for the first time; loan balance grew by 14.4%, keeping a double-digit growth for 40 years in a row.

In 2021, 15 companies in Qingdao went public, ranking No.4 among all sub-provincial cities and No.2 among cities in northern China. Qingdao now has 72 listed companies, ranking first in Shandong.

In recent years, with the arrival of a number of financial institutions with legal entity status in Qingdao, namely, Everbright Wealth Management, Hengfeng Wealth Management, Gainsense Futures of Shandong Port Group, Qingdao (together with Shenzhen) has become the 3rd Chinese city to have 3 wealth management subsidiaries of banks. Qingdao now has 286 financial institutions, whose business scopes cover all the 7 types of licenses.