A view of the China (Shandong) Pilot Free Trade Zone Qingdao Area. [Photo/WeChat ID: qingdaozimao]

The finance lab of the China (Shandong) Pilot Free Trade Zone Qingdao Area, or Qingdao FTZ, now yields an average of two financial system innovation achievements per month, which has greatly improved the area's financial services.

In order to promote financial reform and innovation, Qingdao FTZ has integrated resources from all parties and cooperated with banks to build the lab, making it a test ground for pilot programs.

The lab has helped enhance exchanges and spur innovation among its members and the members have been exploring more convenient financial services for companies in Qingdao FTZ.