The Qingdao Municipal Government, on Dec 29, signed a Strategic Cooperation Framework Agreement with the Shandong Marine Investment Company. Both parties will use their individual strengths to jointly tap the marine economy.

In the meantime, the Shandong Marine Shipping Company signed a cooperative agreement with the government of Shibei District in Qingdao, accelerating the pace of the marine shipping companies’ establishment in Shandong.

Li Qun, member of the standing committee of the Shandong provincial Party committee and Qingdao Party Secretary, spoke with the chairman of the Shandong Marine Investment Bao Jianyin before the signing ceremony.

Li pointed out that Qingdao has particular strengths in supporting the sustainable development of the shipping enterprises, and the city would further optimize its structure and offer a series of favorable policies to help the development of the two companies here.

Shandong Marine Investment, with a registered capital of 2.5 billion yuan, is a large-scale state-owned enterprise (SOE). It began its corporate life on Oct 7 this year and is a core investment and fund-raising platform in the Shandong Peninsular Blue Economic Zone. After signing the deal, all parties will fully cooperate under the guidelines issued by the provincial government. The company will be actively engaged in the investment and construction of Shandong’s nine major sectors: ocean transportation and logistics, marine equipment manufacturing, marine engineering and construction, ocean energy and mineral resources, modern marine fisheries, marine biotechnology, marine environmental protection, marine culture and tourism and other port-related industries. The recent focus will be on marine shipping, port construction, yacht and passenger liner industries.

The Shandong Marine Shipping Company, with a registered capital of 2.7 billion yuan, is a subsidiary of the Shandong Marine Investment Company. The shipping company will relocate its chain store to Qingdao and strive to get listed in five years, helping Qingdao strengthen its shipping industry.

By Yang Feiyue