Qingdao unveils BRI financial services institution

The unveiling ceremony of the Belt and Road (Qingdao) Financial Services Center took place on Feb 19.

During the event, the Qingdao signed a strategic cooperation agreement with Chongwa (Macao) Financial Asset Exchange Co Ltd (MOX) aiming to deepen cooperation in talent training, enterprise investment and financing, and investment promotion.

Qingdao Military-Civilian Integration Development Group's overseas bonds were listed on the MOX Exchange, making it the first state-owned enterprise in Qingdao West Coast New Area to have its overseas bonds listed this year.

Qingdao West Coast New Area boasts 242 financial institutions, with loans and deposits exceeding 800 billion yuan ($111.14 billion), and the newly-added balance of loans and deposits has surpassed 100 billion yuan for the second consecutive year.

Additionally, there are 19 listed companies in Qingdao West Coast New Area, contributing to the rapid development of the capital market.