Yantai, a beautiful port city in East China's Shandong province unveiled its capital market service base in Yantai Economic and Technological Development Zone on Oct 30.

Backed by Shanghai Stock Exchange, the base aims to provide listed companies with all-round financing services and help those companies in docking famous investment and financial institutions.

As one of the world's important capital markets, Shanghai Stock Exchange has maintained close cooperation with Yantai and 10 companies have been listed on the Shanghai Stock Exchange.

"The service base is committed to creating a one-stop service system to offer pre-listing guidance, in-listed coordination service and post-listed capital operation, which deepens the cooperation between Yantai and Shanghai Stock Exchange," said Wang Zhong, a member of standing committee of Yantai municipal committee, during the inauguration ceremony.

In 2017, the Yantai government signed a strategic cooperation agreement with Shanghai Stock Exchange to establish the Yantai capital market service base of Shanghai Stock Exchange in Yantai Economic and Technological Development Zone.

It is the second service base that Shanghai Stock Exchange has built in Shandong province after building one in Qingdao.