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Qingdao Continues to Channel Financial Resources into the Marine, Sci-Tech Innovation, and Green Development Sectors

Source：Haibao News 10-26-2026 10:00:00

Qingdao's financial sector maintained steady growth in the first three quarters of 2026, with outstanding deposits and loans exceeding 3 trillion yuan and 3.5 trillion yuan, respectively, according to a press conference held on October 21 by the National Financial Regulatory Administration (NFRA) Qingdao Office. The insurance industry generated 63.2 billion yuan in premium income and provided risk coverage worth 222 trillion yuan, representing a year-on-year increase of 27.7%. Financial resources continued to be channeled into key areas, including the marine sector, sci-tech innovation, high-tech manufacturing, green development, and inclusive finance for micro and small businesses, providing targeted support for the real economy. Interest rates on inclusive loans for micro and small enterprises declined, further reducing financing costs for market entities. Cumulatively, financial institutions extended RMB 777.5 billion in loans to 105,000 business entities. Financial institutions also developed innovative services to support major projects, providing comprehensive financing and insurance coverage for the Guanlu Reservoir project. Meanwhile, they rolled out consumer finance initiatives designed to benefit the public, driving steady growth in personal consumer loans and injecting financial vitality into Qingdao's high-quality economic development.