Recently, the Shandong Provincial High-level Opening-up and High-quality Investment Attraction Conference took place, issuing a "call to action" aimed at intensifying efforts to deepen opening-up and expand investment attraction.

In recent years, Shandong Province has implemented proactive fiscal policies and offered comprehensive support for high-quality investment attraction by implementing various measures, including expense subsidies, exemplary demonstration, platform establishment, and fiscal and financial coordination. In 2023, the province's financial department earmarked RMB 1.57 billion to improve the quality and efficiency of opening-up and investment attraction efforts.

Li Feng, Director of the Shandong Provincial Department of Finance, stated that as a next step, the financial department intends to fine-tune the direction of financial support, enhance the coordination between fiscal and financial efforts, and continually improve the business environment. Efforts will be made to promote the implementation of investment and talent attraction policies. These include providing incentives for major foreign-funded projects, fostering the headquarters economy, recruiting talents and absorbing wisdom. The objective is to further increase enterprises' gain of sense. At the same time, robust financial backing shall be allocated to major investment attraction exhibition events. Supportive measures shall be put in place to enhance the international influence of major open brands, such as the Qingdao Multinationals Summit and the Conference of Great Business Partners. Our goal is to continuously expand the circle of international partners and draw in an increasing number of high-quality investors.