Qingdao on track to become a well-known "Fashion Hub by the Sea"

QINGDAO,China,April 28,2019 -- Qingdao,a major city along the east coast ofChina's Shandongprovince,will host the 2019Global Venture CapitalConference between May 9 and 10,2019. Investment veterans and leadersfrom China and abroadwill gather together at the largest ever event of its kind in a move to transform Qingdao into an international venture capital hub. In addition to setting up a VCfundoffunds,the city plans to release a series of competitive andfavorable policies with the aim of spurring development of the sector.

The event is part of Qingdao's latest efforts to position itself as a well-known "Fashion Hub by the Sea". Advantages such as an extensive marine research and development platform,recognized strength in marine technologies and a pool of technicaltalent has helped Qingdao keep up with,and,in several segments,even take a lead in the rapidly growing marine sector. In addition to contributing to a growing pool of "developed-in-China" knowledge,the city has continued to do its part to transform ocean-based industries as well as sectors that depend on the sea. Qingdao has focused the development of a marine economy on advanced technologies,intensified the prevention and treatment ofmarinepollution and protectedmarinebiodiversity,allowing more people enjoy the benefits.

The proximity of the ocean,often synonymous with romance,has been a key factor in converting the city into a fashionable center featuring multicultural integration,innovative ideas and cutting-edge technologies. The combination of film,fashion,beer,pipe musicart,sailboats and marathon events has made Qingdao a vibrant,open-minded,forward-thinking fashionable hub. Hosting the SCO Qingdao Summit has further enhanced Qingdao's role as not only a cultural center,but also one that has been at the forefront of technical integration as well as thought leadership when it comes to innovation.