A partnership meeting between Qingdao and China's four leading financial asset management companies was held to advance high-quality development on the morning of December 18. Party chief of the CPC Qingdao Municipal Committee Zeng Zanrong attended the event and delivered a keynote speech.

In his remarks, Zeng Zanrong emphasized Qingdao's status as a key coastal city, a historic and cultural landmark, a modern maritime hub, and an international transportation nexus in the full implementation of the guiding principles outlined by President Xi Jinping during his visit to Shandong and the Central Economic Work Conference. Zeng highlighted the city's focus on leading innovation and economic development, strengthening the recovery momentum, integrating technological and industrial advancements, attracting major projects, and deepening reforms and openness. Efforts are also underway to enhance financial services for the real economy and mitigate risks in critical sectors, contributing to the broader goal of advancing Chinese-style modernization in Qingdao. He underscored the vital role of financial asset management firms in ensuring financial stability, fostering economic growth, and refining market systems as he expressed his hope for deeper collaboration in revitalizing assets and providing comprehensive financial solutions through this meeting to achieve mutually beneficial outcomes between the central authority and local entities. Zeng also reaffirmed Qingdao's commitment to creating a world-class business environment that is market-oriented, governed by law, and globally competitive to ensure robust support for the private enterprises and corporations operating in the city.

Chairman of China CITIC Financial Asset Management Liu Zhengjun, President of China Great Wall Asset Management Xiang Dang, Chairman of China Orient Asset Management Corporation (COAMC) Wang Zanfeng, and Chairman of China Cinda Asset Management Zhang Weidong each delivered their speeches during the event.

The event featured a partnership agreement signing ceremony along with business presentations by the four major financial asset management companies.

Local officials Geng Tao and Chang Hongjun, key representatives from the Shandong provincial branches of the four financial asset management companies, as well as officials from relevant municipal departments, central agencies based in Qingdao, district and city governments, state-owned enterprises, and major banking institutions, were also present during the event.