The Shandong overseas Chinese federation experience sharing meeting on investment attraction and talent introduction was held in Qingdao in September 2020.

The 9th Qingdao representative conference of returned overseas Chinese and their relatives was held on January 4. According to the conference, in recent years, returned overseas Chinese and their relatives as well as overseas Chinese nationals have engaged vigorously in economic and social construction of Qingdao and managed to gather innovation and entrepreneurship resources in Qingdao through different platforms. 

As an important home town of overseas Chinese in northern China, Qingdao boasts 300,000 returned overseas Chinese and their relatives as well as 300,000 overseas Chinese nationals, accounting for nearly one quarter of Shandong province’s total. Currently, Qingdao has set up 12 overseas liaison and fellowship stations for “attracting business and investment, introducing talent and intelligence” and signed friendly cooperation agreements with nearly 40 overseas Chinese organizations. Since 2019, the Qingdao Returned Overseas Chinese Association has visited or received over 200 batches of businessmen at home and abroad, recommend overseas Chinese businessmen and their enterprises to consult with related districts or cities, functional zones and industrial parks and negotiate projects for over 70 times. As a result, 25 projects with a total amount of 11.84 billion yuan have been registered or signed. 9 projects have been signed with a total investment of 9.7 billion yuan and the remaining 16 projects have been registered with a total investment of 2.14 billion yuan, greatly facilitating the construction of “Qingdao World Innovation Center for Overseas Chinese Businessmen”. Qingdao is approved to be the only “ACFROC Innovation and Entrepreneurship Base for the New Generation of Overseas Chinese” in Shandong province and set up the venture capital fund for Qingdao overseas Chinese worth 3 billion yuan.