A high-quality development and cooperation fair between Qingdao's Laoshan district and Shandong Port Group was held in Qingdao on Dec 2.

Shandong Port Group is the world's largest port conglomerate in terms of cargo capacity and it is headquartered in Qingdao.

Laoshan district and Shandong Port Group sign a strategic cooperation framework agreement on Dec 2. [Photo provided to chinadaily.com.cn]

During the event, Laoshan district and Shandong Port Group signed a strategic cooperation framework agreement to deepen cooperation in rural vitalization, culture, tourism, finance and trade to promote high-quality development.

Three subsidiary corporations of Shandong Port Group, namely Shandong Port Investment Control Group, Shandong Port Cruise and Cultural Tourism Group and Shandong Port Trade Group also signed investment agreements respectively with the Jinjialing Financial District Administrative Committee, Laoshan district culture and tourism bureau and Laoshan district commerce bureau.

Laoshan district is endowed with unique natural and cultural resources, and has a strong industrial foundation. Its financial industry, strategic emerging industry, tourism and health industry have distinct characteristics, and outstanding strength, and are innovative.

Laoshan and Shandong Port Group enjoy broad cooperation and development space, according to a local official.

Shandong Port Group and Laoshan district boost cooperation. [Photo provided to chinadaily.com.cn]