Qingdao FTZ promotes business environment at GVCC

 Wang Li, deputy director of the Qingdao FTZ's administrative committee, introduces Qingdao FTZ to the guests at the 2023 GVCC. [Photo/WeChat ID: qingdaozimao]

The Qingdao area of the China (Shandong) Pilot Free Trade Zone, or Qingdao FTZ, promoted its business environment to attract investment at the 2023 Qingdao Global Venture Capital Conference (GVCC), which was held from May 12 to 13 in Qingdao, Shandong province.

The conference was aimed at catalyzing capital accumulation as well as bolstering the development and expansion of crucial industrial chains within the region.

At a special promotional event on May 13, Wang Li, deputy director of the Qingdao FTZ's administrative committee, described the FTZ as a new highland for opening-up, a new platform for development, and an area with new investment opportunities.

As a pilot area for reform and innovation, the Qingdao FTZ has advantages in trade and investment as well as innovation and entrepreneurship. It has been honored as one of China's top 10 most attractive industrial parks for investment, according to Wang.

Wang said the Qingdao FTZ is looking to attract more high-quality venture capital institutions, inject greater vitality into the real economy of the area, as well as create an ecosystem for venture capital.

The 2023 GVCC, which comprised a main forum and six sub-forums, drew nearly 1,000 participants from government departments and financial institutions. Fifty-five projects worth 58.73 billion yuan ($8.45 billion) were signed during the event.