Several fund projects are signed at the Shinan sub-venue of the 2022 Qingdao Global Venture Capital Conference on June 11. [Photo/WeChat account: qdweishinan]

The Shinan sub-venue of the 2022 Qingdao Global Venture Capital Conference opened in Shinan district on June 11.

Government officials, scholars, and prominent investors delivered keynote speeches and shared their perspectives on Shinan's development possibilities in light of the new investment trend.

Wang Feng, Party chief of Shinan, said that the district is boosting its six pillar industries of modern finance, the digital economy, high-end commerce, fashion and consumption, shipping and logistics, and culture and tourism.

Wang also mentioned that the district is accelerating the renovation of its historical blocks, which is expected to provide new scenarios and spaces for the fission and increment of financial resources. 

Shinan has also beefed up its efforts to improve its business environment in recent years by hosting two high-end entrepreneur conferences and implementing 40 preferential policies.

Officials said that a maximum award of 150 million yuan ($22.28 million) will be offered to newly established financial institutions to boost the district's fund management sector.

The Qingdao Global Venture Capital Conference, which has been held for the fourth year in a row, has become a brand activity and a positive influence in the domestic and overseas venture capital field.

This year's edition was themed "A new era for venture capital, a bright future for innovation and entrepreneurship". The event was held both online and offline from June 10 to 11, and 44 project deals with a total value of 61.77 billion yuan were signed.