Office building of Zhongtai Securities in Jinan, Shandong province. [Photo provided to chinadaily.com.cn]

Jinan is promoting the innovative development of its financial operation mechanism, financial products, financial business forms, and financial service system to build itself into a financial center with nationwide influence.

Industrial foundation

In 2020, the added value of the financial industry reached 96.85 billion yuan ($15.14 billion). The city boasts more than 800 financial institutions, the largest number in Shandong province, and employs the most workers in that industry 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.

Development goals

Jinan aims to introduce foreign-funded financial institutions and headquarters of financial institutions and focuses on cultivating new financial institutions such as financial leasing, consumer finance, auto finance, private equity funds, asset management, trust investment, commercial factoring and financing guarantees.

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 about 12 percent of GDP.

Representative Companies

Qilu Bank

Zhongtai Securities

Luzheng Futures

Taishan Insurance

Hetai Life Insurance Co

(Updated by Oct 28, 2021)