Sun Licheng, Party secretary of Jinan, capital of East China's Shandong province, delivers a keynote speech at the main forum of the 2021 Conference on Interaction and Confidence Building Measures in Asia (CICA) Finance Summit in Jinan on April 17, 2021. [Photo/tianxiaquanchengapp.com]

Jinan has strived to promote the development of industrial finance and sci-tech finance and attain significant achievements.

Sun Licheng, Party secretary of Jinan, capital of East China's Shandong province, introduced the city's economic development and favorable business environment to overseas guests at the main forum of the 2021 CICA Finance Summit held in Jinan on April 17.

Jinan, dubbed the City of Springs, boasts numerous springs, including 72 famous ones, such as the Baotu Spring and Black Tiger Spring that contribute wonderfully elegant and much-loved scenery distinct to the city.

The city's GDP hit 1.01 trillion yuan ($154.9 billion) in 2020, making it a member of China's 1-trillion-yuan GDP club, according to Sun.

Modern industries are in flourishing development. The scale of big data and the next generation of information technology, and intelligent manufacturing and high-end equipment industries have exceeded 400 billion yuan respectively. A modern industrial system with provincial capital characteristics is taking shape at a faster pace.

A view of Jinan, capital of East China's Shandong province. [Photo/IC]

As an important regional financial center, Jinan has a strong financial industry. The city is home to more than 800 financial institutions. The number of financial companies ranked first among 15 sub-provincial cities in China.

By 2020, the added value of the financial industry was nearly 100 billion yuan, ranking fifth among provincial capitals. Finance is playing a vital role in promoting the city's economic development, Sun said.

Sun also expressed hope to seek more pragmatic financial cooperation with CICA member states and welcomed overseas entrepreneurs to startup in the city.

The summit attracted more than 300 guests, including members of CICA, diplomatic envoys of CICA members, officials of State ministries, and representatives from financial institutes and enterprises to explore financial issues.

The Conference on Interaction and Confidence Building Measures in Asia is a multilateral cooperation body that seeks to promote peace, security, and interaction in Asia. It now has 27 member states and 13 observers, including eight states and five organizations.