Financial News

Today, Shanghai Media Published an "Invitation Letter" from Qingdao

On July 6, Jiefang Daily, the official newspaper of the Shanghai Municipal Party Committee, and its Wen Hui Po newspaper published a special advertisement on the front page - "Let the Huangpu River Flood Kiaochow Bay Qingdao - Shanghai Modern Service Industry Exchange and Cooperation Meeting", which aroused great concern.
 
1 News spread like wildfire

These two days, the news of "Qingdao's coming" spread like wildfire, and the public is very concerned to the meeting of two cities.

In May 1897, the first Chinese bank was born in Shanghai, opening a new chapter in the development of Shanghai's financial industry, the article said. It was also in this year that Qingdao opened the door of the financial industry with a port. Qinghai and Shanghai have long been connected by "opening up", known by "port" and met by "finance".
 
There are not many cities in China that can be called "Great", and "Great Shanghai" is undoubtedly the most familiar and convincing one.

The greatness of Shanghai lies not in its geography, but in its inclusiveness. Shanghai's cultural tradition has always been inclusive. Historically, it has been a place where various cultures blend and coexist.
 
2 Continue “Century Affection”

Qingdao is on the coast of the Yellow Sea and Kiaochow Bay, while Shanghai is on the coast of the East China Sea and the Huangpu River. The cooperation this time will undoubtedly greatly shorten the distance between the two places.

Qingdao and Shanghai have very similar characteristics. Looking back in the past, both cities were "web celebrity" in the modern and contemporary Chinese history. In the republic of China, Qingdao, together with Nanjing, Shanghai, Hankou and Tianjin became the top 5 "Special Cities".
 
Looking back to China a century ago, the textile industry was the most important industrial category and economic pillar of the country, directly influencing the development pattern of Chinese cities. Whoever catches the development dividend period of textile industry would stand out in the urban development map of China at that time.

As one of the earliest textile industrial bases in China, Qingdao formed a complete system of yarn spinning, printing and dyeing, machine making and other industries by the mid-1930s. Its production scale was second only to Shanghai (the third is Tianjin), and it was one of the three major cities of light textile industry in China. On the eve of liberation, the cotton textile equipment of Shanghai, Qingdao and Tianjin accounted for about 70% of the whole country, and the city's economic development ranking was always at the top of the country in the following decades. The urban pattern of China in this period was the glory of Shanghai and Qingdao.

The greater "common language" between Qingdao and Shanghai also lies in openness. In the "open-up circle", the two cities have more similarities: they are both among the first 14 coastal open cities in China, and both are "free trade cities".

From the first free trade zone to the first pilot free trade zone in China, from the first land lease to the first negative list of foreign investment access, Shanghai has become more and more open and advanced. This is what Qingdao needs to learn from.
 
3 Keyword: modern service industry

Qingdao has much to learn from Shanghai, and its trip this time will focus on the modern service industry.

Last year, the added value of the service industry in Qingdao reached RMB 714.857 billion, accounting for 60.9% of GDP and exceeding 60% for the first time, contributing 70.4% to economic growth, nearly 70% to new employment, and 81.7% to the city's investment growth.

The service industry plays a key role in Qingdao's economic and social development and has become the biggest industry sector and the main driving force of economic growth.
 
In order to thoroughly understand the good practice of developing modern service industry in Shanghai, Qingdao has adopted the method of selecting cadres for practical training. On June 28, the first batch of 51 Qingdao officials went to Shanghai for practical training.

With the previous experience of the 51 Qingdao officials, all walks of life in Shanghai witnessed Qingdao's sincerity in "visiting scholars and studying", and the communication between Qingdao and Shanghai will be smoother and more fruitful.
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