Qingdao National High-tech Industrial Development Zone, built in November 1992, is one of the first state-level high-tech Industrial Development Zones under the approval of the State Council. In August 2006, the Jiaozhou Bay Park is developed under the permission of Ministry of Science and Technology, covering an area of 19.75 square kilometers. In February of the same year, Qingdao South Software Park is incorporated into the Qingdao National High-tech Industrial Development Zone. In November 2007, Qingdao municipal government established working committee and administrative committee, giving them the right of municipal economic administration and the task of promoting the development and construction of Jiaozhou Bay Park, and to form a "five park area development pattern" by coordinating and guiding Qingdao high-tech zone, Qingdao new technology industrial development experimental zone, Qingdao high-tech street and the South Software Park. After years of development, Qingdao National High-tech Industrial Development Zone has become an important growth pole of the city's economy and an agglomeration area of the emerging high-tech industries, and it has won the honored name of "China's economic park with most investment potential". In 2001, Qingdao high-tech Zone's revenue achieved 170.83 billion yuan, and gross industrial output value of 144.52 billion yuan, and the industrial added value of 30.38 billion yuan. In the comprehensive evaluation by the Ministry of Science and Technology, Qingdao high-tech zone ranks the 11th, and in the first half of 2012, its revenue achieved 78.3 billion yuan, the industrial added value of 17.76 billion yuan, a 12.6 percent and 10.8 percent increase respectively.

In 2011, the overall revenue was 11.07 billion yuan, a 240 percent increase; the industrial output value was 5.14 billion yuan, increasing by 173.8%; the industrial added value was 1.62 billion yuan, increased by 191.4%. In the first half of 2012, the overall revenue reached 7.2 billion yuan, an increase of 60.2 percent; and the added value of 1.79 billion yuan, an increase of 47.3%. As to the development orientation, Qingdao high-tech zone sticks to the principle of combining “ecology, life and production, and builds a new Qingdao of science and technology, humanity and ecology. In industrial direction, to cultivate "1+3" leading industries, that is, based on the requirements of "high-end, emerging, and ocean-based", develop software and information services industry represented by embedded software, industry solutions, cloud computing and cloud services, mobile Internet, and E-commerce; concentrating on high-end equipment manufacturing represented by rail transportation, new energy automobile, aviation, intelligent equipment, and general and special equipments; cultivate ocean biomedical represented by vaccines and diagnostic reagents, modern Chinese medicine and chemical medicine, biomedical materials products, high-end medical equipments, enzyme engineering and biological technology products; and finally develop science and technology service industry represented by scientific research hatch, high-end science and technology intermediary service, science and technology financial service, and outsourcing high-end business services. In infrastructure construction, the total investment is 12.15 billion yuan, and 34 square kilometers of flat land, new roads of 130 kilometers, comprehensive pipeline laying of 50 kilometers, and road greening of 1.8 million square meters, water system landscape area of 5.5 million square meters. The water system landscape won the “2011 Asian city landscape awad”issued by United Nations Human Settlements Program. The value of the land for residential and commercial use increases by almost six times.

With regard to attracting investment, the total introduced enterprises and projects are 359; the total investment is about 79.6 billion yuan, among which the number of one-hundred-million key projects is 98, with the total investment of 71.54 billion yuan. 53 key projects have been signed since this year, with a total investment of 13.05 billion yuan. A large number of high-end projects have settled into construction, such as Vimicro's Embedded CPU Bridge, AOC's LCM module and LCD, German Bosch diesel injection system production base, Japan East garden machinery, TRW and Hong Kong software and creation industrial park, and comprehensive service district of Sino-European Ecological Park.