More funds and institutions join pilot initiative

Since Qingdao began its wealth management pilot area, the city has attracted a number of financial institutions and academics to join in its financial reform. Deals on 14 financial projects were signed during a press conference on Monday, which marked the first anniversary of the pilot area.

Wealth management institutions

Noah Wealth Management Family Office

Registered in the Qingdao West Coast New Area, the Noah office offers a wide range of family wealth management services to create long-term growth in value for clients.

Qingdao CreditEase Family Office

The office has finished registration in the Qingdao West Coast New Area and is underway designing products in wealth growth and management.

Qingdao Ruipu Family Office

The office is registered in the Qingdao West Coast New Area. Its businesses include global trusts, overseas insurance, financing and high-end medical care.

Qingdao CreditEase Wealth Flagship Store

Situated in Shinan, the center of Qingdao, it is China's first financial brokerage flagship store featuring wealth management services for a wide range of clients.

Wealth management trade and infrastructure

Shandong University Wealth Management Product Risk Management Laboratory

The lab will undertake quantitative analysis to identify, appraise and control financial risk, and conduct research into a transaction system and a credit appraisal system.

Qingdao International Marine Property Exchange

With a registered capital of 100 million yuan ($16 million), the exchange offers property transfers including rights for island use, marine mineral resource development and marine intellectual property.

Haier United Credit Equity Exchange

The exchange offers services in credit asset registration, rights verification, trade and transactions, as well as asset securitization, financial product development, data analysis and consultancy.

Britain Financial Center, also known as the Qingdao International Wealth Building

Funded by Dethick Partners with an initial investment of 400 million pounds ($612.7 million), the building will be located in the Jinjialing Financial Cluster in Laoshan district.

Banks, securities and funds

DBS Qingdao Branch

DBS Bank of Singapore has received approval to open a Qingdao branch in Shinan district in the first half of 2015.

Zhongzhou Lanhai Investment Management Ltd

With registered capital of 300 million yuan, the company aims to provide financial support for infrastructure, medical care and creative industries through market operations.

Greenland Jiaoxin Qingdao Industrial Development Fund

With a fund expected to reach 1 billion yuan, it will be located in Shibei district and mainly invest in startups, and small and medium-sized enterprises.

Internet institutions

Noah Wealth Management Transaction Service Ltd

The company is a key project to provide payment settlement support for Noah's wealth management services.

Qingdao Huiquan Wealth Financial Information Service LLC

As part of the city's inclusive finance system, the company offers a peer-to-peer lending platform to provide online financing services for micro, medium-sized and small enterprises

Internet Finance Online Service Platform

The platform integrates financial products with point-of-sale terminals to help financial planners offer more convenient services to clients.

huqing@chinadaily.com.cn

On Monday, increasingly modern Qingdao inked agreements with 14 more finance operations nand institutions.