Recently, the Support Policies to Build the Jinan Fintech Reform Pilot Zone and Accelerate the Development of Modern Financial Industry was issued in Jinan, incorporating 10 fin-tech innovation policies aimed at promoting the growth of financial institutions and supporting the development of private equity investment firms.

In the first half of the year, the added value of the financial industry in Jinan, Shandong reached 59.295 billion yuan, marking a 9.1% year-on-year increase, surpassing the national and provincial growth rates by 1.8 and 1.2 percentage points, respectively. Regarding the development of the real economy, Jinan will continue to promote further cooperation between the government, financial institutions and enterprises, while ensuring that financial institutions will prioritize credit policies and capital scale. Targeted financing support of approximately 750 billion yuan has been secured. Moreover, enhanced financial support will be provided to major sectors, key projects, and vulnerable areas.

Moving forward, the financial sector of Jinan will remain committed to serving the real economy, advancing financial reforms, and managing financial risks. Efforts will focus on expanding the overall industry size, optimizing the industry structure, facilitating listings, promoting innovation, fostering openness, and controlling risks, all aimed at propelling the high-quality development of the financial industry in Jinan, the capital of Shandong.