High-rise buildings dominate the skyline at Fushan Bay in Shinan district, Qingdao.  [Photo/dzwww.com]

Shinan district, Qingdao, East China's Shandong province, plans to further develop its headquarters economy and accelerate the construction of more headquarters in the region in 2020 with the help of several high-end commercial buildings.

The district will strive to transform itself into an international center for the headquarters economy, finance and trade, transportation, communications, and fashion.

After the headquarter center of China Stone Management Consulting Group begins operating, the regional headquarters of at least five listed companies will be introduced to the center. 

In addition, 10 more commercial buildings with annual tax payments of more than 100 million yuan ($14.54 million) are expected to be cultivated in the area.

This year, the district plans to introduce more than 10 venture capital funds in order to provide high-tech enterprises with more diversified financial support.

In 2020, over 60 enterprises are expected to be identified as high-tech ones. Over 300 small and medium-sized technological enterprises in the district are hoped to be state-filed, and more than 4,300 invention patents will be filed.

In addition, the headquarters of a number of unique financial institutions will be established on Zhongshan Road to facilitate the development of the surrounding commercial area.

Marine industrial clusters will also be strengthened, as the district plans to introduce a project involving marine-related services with over 1 billion yuan in investment and cultivate a marine enterprise generating 5 billion yuan in annual revenue.