The Qingdao Development and Reform Commission, Municipal Bureaus of Financial Supervision, Science and Technology, Industry and Information Technology and Finance have recently jointly printed and issued the Qingdao Implementation Opinions on Financial Tutoring for the Development of Key Industry Chains, according to which all sorts of measures will be taken to establish a multi-dimensional financial service system that goes through full business life cycles, and upstream and downstream industry chains, help enterprises on industry chains become bigger and stronger, cultivate an increasing number of small and micro businesses on chains, and channel financial resources effectively to facilitate revitalization and high-quality development of the real economy citywide.

According to the Opinions, Qingdao will set up financial tutoring teams devoted to key industry chains. The financial tutoring team is composed of one main tutoring bank and main brokerage (or fund) recommended by enterprises on industry chains, financial institutions that involve in banking, insurance, securities trading, funds, guarantee service, financial lease and commercial factoring and local financial organizations. The main tutoring bank and the main brokerage (or fund) should lead the formulation of financial tutoring planning, work measures and problem solving mechanism and coordinate all efforts of tutoring.  (Fu Jun)