In the first half of the current year, the added value of the financial industry in Shinan district – located in East China's city of Qingdao – reached 14.98 billion yuan, accounting for 22.4 percent of the district 's GDP. 

"The financial target of Shinan in the future should be globalized and internationalized," said Yan Shi, deputy head of Shinan district.

The Haitian Center – the tallest building in Qingdao and also in Shandong province – has been  recognized as a "China Building Economy Top 50" and a "Benchmark Building".

The building economy is a modern move to fully integrate an area's buildings and its commerce. Under its precepts, it is said that the building economy is an organic entity and a new industry for driving the wider economy. Buildings are no longer limited to serving as just real estate properties, but are rather regarded as being agents for growth.

"The 30.01 square kilometers of Shinan district should be used as an agglomeration and radiation area for the the financial industry, as well as the innovation demonstration area for the new financial industry," Yan added.