In 2018, Jimo District in Qingdao accelerated the comprehensive finance and wealth management reform, by taking the spirit of “replacement of old driving forces with new ones” as its main thread. It established the country’s first fund incubation base controlled by the regional equity market operation institution to build a comprehensive service platform that covers the full fund industry chain of “fundraising, investment, management and exit”. By such efforts, it aims to promote a virtuous cycle and healthy development between the economy and finance, and inject new vitality into the economy for high-quality regional development.
At present, the Fund Workshop has attracted 71 private equity funds such as Morgan Stanley Securities, CITIC Securities, Taifu Excellence, Henglan Zelin, etc. The total scale of funds management is over 20 billion yuan. Moreover, the Fund can play the function of investment attraction; successfully introducing some emerging industries within Jimo District.