Forum focusing on industrial finance held in Jinan

The China (Jinan) Industrial Finance Forum is held from Oct 13 to 14, attracting hundreds of financial experts and businessmen from across the world. [Photo/jinan.gov.cn]

The China (Jinan) Industrial Finance Forum was held from Oct 13 to 14, attracting hundreds of financial experts and businessmen from across the world to pool their ideas on pressing financial issues.

The forum consisted of keynote speeches, high-end dialogues and roadshows.

Liu Qiang, deputy governor of Shandong province, delivered a keynote speech at the forum and emphasized the vital role that industrial finance plays in promoting high-quality development.

The forum, which has been hold for a number of years, has become an important platform for bolstering the province's growth driver transformation and local economic development, Liu added.

Wang Zhonglin, mayor of Jinan, said that the city hopes to develop into a financial center with national influence.

Wang Zhonglin, mayor of Jinan, delivers a keynote speech at the 2019 China (Jinan) Industrial Finance Forum on Oct 14. [Photo/jinan.gov.cn]

Jinan is promoting the innovative development of its financial operation mechanism, financial products, financial business forms, and financial service system.

In 2018, the added value of the city's financial industry was 87.32 billion yuan ($12.65 billion) and its tax revenue reached 15.88 billion yuan.

The city boasts more than 500 financial institutions, the largest number in Shandong province, and employs more workers in the financial industry than any other city in the province.

Jinan is now accelerating the construction of its central business district and has established Hanyu Gold Valley and Shandong New Financial Industry Park as supporting facilities.

The city is vigorously developing its central business district and striving to achieve an added value in the financial industry of 120 billion yuan by 2020, which will account for approximately 12 percent of GDP.