Qingdao Conson Development (Group) Co Ltd [青岛国信发展(集团)有限责任公司] was established in 2008 with the approval of the Qingdao Municipal Government. 

The main functions of the company are as a state-owned capital investment and operation entity, operating state-owned capital and assets, and conducting investment financing, capital operations and asset management in a market-oriented manner to ensure that state-owned assets maintain and increase their value. 

Since its inception, the group has closely matched the urban development strategy, has had the courage to take on the mission of urban development, and has given full play to its backbone and leading role. 

It has built a comprehensive financial, urban function development and urban operation service supported by 8 core first-tier subsidiaries. It has made important contributions to the improvement of Qingdao's financial system, the enhancement of its urban functions and the optimization of its urban service system.