Qingdao West Coast New Area (Qingdao WCNA), a State-level new development zone in the coastal city of Qingdao in the Shandong Province of East China, has promised to step up efforts to make it more easily accessible finance for the real economy.
On Jan 13, Qingdao WCNA started the "Spring Shower" campaign as part of its initiatives to encourage collaboration between businesses and financial institutions in 2023 in order to better support the real economy.
At the same time, the area plans to promote financial services for the real economy to boost consumption, help small and micro enterprises with financing, encourage financial institutions to support technological innovation, contribute to the carbon peaking and neutrality target with green financing and bring financial services into the industrial park with a view to effectively strengthen the financial supply and unclog financing barriers.
Two hundred important projects were made public by the new development zone at the inaugural ceremony, along with details concerning financing needs totaling 85.1 billion yuan ($12.6 billion). The focus of financing is on important fields, such as those connected to infrastructure, real estate, and urban rebuilding.
In response to a financing demand of 6.895 billion yuan during the previous year's "Spring Shower" campaign, the new development zone granted a total of 4.799 billion yuan in low-interest loans, providing a boost to the high-quality growth of the local real economy.
Email: xhatg@qd.shandong.cn 
Tel: 0532-86812345 
Address: No 181 Xihai'an Road, Huangdao district 
