The Jinjialing Digital Finance Summit Forum was held on Aug 28 in Laoshan district, Qingdao, as a platform to promote digital finance that serves the real economy.

The Jinjialing Digital Finance Summit Forum kicks off on Aug 28. [Photo/Guanhai News]

The Jinjialing Financial District, located in Laoshan district, is known as the core area of Qingdao's financial industry.

Focusing on the digital reconstruction of the financial industry, the forum gathered more than 20 industry elites, academic experts and representatives from more than 40 financial institutions to give advice on the high-quality development of the digital finance pilot zone in Jinjialing, promote the construction of a digital Qingdao, and accumulate more experience for digital finance to better serve the real economy.

Participants listen to a presentation at the Jinjialing Digital Finance Summit Forum. [Photo/Guanhai News]

At the forum, Yang Bin, general manager of Information Technology Department of Bank of Qingdao, presented a report on the development of Qingdao's fintech industry, which analyzed the current situation, characteristics and future trends of the industry's development. Yang also gave suggestions on the advantages and disadvantages of Qingdao's fintech development.

In order to create a complete digital financial industry chain, the Qingdao Digital Financial Industry Alliance led by Jinjialing Financial District Management Committee was inaugurated.

The alliance plans to accelerate the clustering of digital financial institutions, promote the development of digital financial technology, as well as optimize the digital financial ecology in Jinjialing.