Nov 1 was designated as "Entrepreneurs' Day" in Qingdao during the Entrepreneurs New Year Reception held in the city on Jan 15.

In addition, the first week of November has been designated as "publicity week" for Qingdao entrepreneurs, said Wang Qingxian, Party secretary of Qingdao. These moves demonstrate the government's determination and commitment to supporting the development of entrepreneurship in the city.

Wang Qingxian, Party secretary of Qingdao, gives a keynote speech at the event. [Photo provided to chinadaily.com.cn]

More than 500 entrepreneurs from the Shandong Chamber of Commerce, venture capital institutions, foreign-funded companies, state-owned companies, and local companies gathered at the event to promote cooperation, and seek common development.

Wang detailed the measures and policies the city has taken to facilitate investment and support the development of enterprises.

"The event will help give Qingdao the strength and resources to pursue innovation-driven transitional development," said Liu Donghua, a senior manager of Z.H.Island, a high-end China-based O2O social networking platform for entrepreneurs around the world that currently has more than 7,000 core entrepreneur members.

"Qingdao is committed to cultivating a rich culture of innovative entrepreneurship, and it has been consistently encouraging and rewarding innovation and start-ups, providing impetus for the long-term development of the local economy."

Qingdao hosts a New Year reception for entrepreneurs on Jan 15 in celebration of the upcoming Chinese Lunar New Year. [Photo/dzwww.com]