Introduction

Financial Organization System: Shandong has initially formed a financial organization system with banks, securities and insurance as the main bodies and combining a variety of emerging financial forms. Meanwhile, various types of financial forms such as small loans, financing guarantees, private financing, pawn, financial leasing, rural cooperative finance, and financial attribute trading markets have developed in an orderly manner.

Financial Development Environment: The CPC Shandong Provincial Committee and the People's Government of Shandong Province attach great importance to financial work and set up a leading group for provincial financial reform and development. It took the lead in establishing a three-tier local financial supervision system at the provincial, municipal and county levels in China, strengthened regulation and coordination between the local and central financial administrative departments in Shandong, and promulgated the Shandong Provincial Financial Regulations, which is the first local financial supervision regulation in China. It increased the input of talent intelligence and issued Opinions on Strengthening the Construction of Provincial Financial Talent Team. Extensive financial publicity and guidance have been carried out, and the awareness of sociology, finance, understanding and use of finance has generally increased.

Advancing Measures

Fiscal and Financial Integration: Shandong innovates the fiscal capital investment mechanism and increases capital support for key areas such as "agriculture, rural areas and farmers", small and micro enterprises, sci-tech innovation, and green development through a combination of risk compensation, loan discount interest, guidance fund, and other methods. It strengthens fiscal and financial support for the fields of guarantee and insurance and gives full play to their role in credit enhancement and risk allocation. It provides fiscal subsidies to support eligible enterprises in listing and financing. It encourages the introduction and cultivation of local financial institutions, and strengthens the support for the headquarters economy.

Financial Talent Team: Shandong implements the Qilu Financial Talent Project and accelerates the cultivation of a high-quality financial talent pool. It improves the market-oriented talent introduction and gathering mechanism, makes good use of talent exchange (recruitment) platforms, and develops regular channels for the introduction of financial talents. It strengthens the cultivation of financial talents and builds a batch of leading financial talent training and practice bases with high training capabilities in China upon universities and key financial institutions with strong financial disciplines inside and outside Shandong Province.

Strengthen Collaboration and Cooperation: Shandong urges the modern financial service industry task force to fulfill its responsibilities and makes constant progress in planning, project supervision, and other work. It improves the mechanisms of financial data transmission, exchange, integration and sharing between financial management departments. It makes scientific statistics of data indicators in the financial field and strengthens scientific analysis and judgment of financial operation to provide an accurate and comprehensive reflection of the overall development of the financial industry and its contribution to the economy of the province. It jointly carries out research on major subjects in the financial field to provide decision-making support for financial reform and development.

Industrial Cluster

Jinan Industrial Financial Cluster Area

Jinan Industrial Financial Cluster Area vigorously implements the focus strategy and makes a city-wide concentrated effort to promote development up to high standards. It focuses on the new headquarters economy, "finance plus", innovation, entrepreneurship creativity, and modern business service industries, accelerates the introduction and development of well-known enterprises at home and abroad, regional headquarters of large financial institutions, and "finance plus" industries.

Qingdao Jinjialing Financial Cluster Area

Qingdao Jinjialing Financial Cluster Area takes "building a wealth management core area, a fintech pilot area, and a financial security demonstration area and developing itself into a financial city, ecological city, and futuristic city" as the development guideline and continuously improves its internationalization level. The tax revenue of its financial industry grows by 20.1% per year on average. The proportion of its financial industry in GDP increases by 1% every year. More than 7.38 million square meters of financial and supporting facilities have been built. More than 750 financial institutions and quasi-financial enterprises covering 21 types of financial formats have been gathered. The number of large corporate financial institutions has reached 15, accounting for 79% of Qingdao's total. Qingdao Jinjialing Financial Cluster Area has rapidly become a regional new financial center with great influence.

Sci-tech Finance Pioneer Park in Jining High-tech Zone

Sci-tech Finance Pioneer Park in Jining High-tech Zone takes innovation, coordination, green development, openness, and sharing as the development concept, developing high technology, gathering new industries and cultivating new drivers as the core, and modern service, headquarters economy and finance and insurance as the leading industries. On this basis, concentrated efforts have been made to implement the comprehensive development idea of building the Wutaizha Financial Development Axis, Sci-tech Cultural Innovation Area, Commercial and Business Cluster Area, and Ecological and Livable Demonstration Area. This development idea is also called "One Axis and Three Areas". Specifically, the "One Axis" refers to Wutaizha Financial Development Axis. Now, it has gathered 85 financial institutions, including Shanghai Pudong Development Bank, Industrial Bank, China Merchants Bank, CITIC Securities and Guotai Junan Securities. And the "Three areas" refer to the Sci-tech Cultural Innovation Area, the Sci-tech Cultural Innovation Area, the Commercial and Business Cluster Area, and the Ecological and Livable Demonstration Area.