Equity exchange to boost Shandong capital market
The Lanhai Equity Exchange recently completed its official registration and will be operational in April in the coastal city of Qingdao, a move experts said is a breakthrough in the development of the local capital market.
The exchange was established after Qingdao was approved by the central government as a pilot zone for wealth management early this month.
Located in the Jinjialing area of Laoshan district, home to a large number of financial institutions in the city, the exchange is key to the city's plan to build a multi-tier capital market that helps pave the way for the wealth management pilot zone, according to the city government.
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