LAOSHAN District’s International Financial Square has been completed, with some parts having already opened.

The project, covering 1.75 hectares, stands adjacent to Qingdao International Beer City and was built with a total investment of 1 billion yuan.

The 99-meter-high tower A, named CITIC Securities Tower, houses the headquarters of seven financial companies including CITIC Wantong Securities, China Construction Bank Qingdao, and Qingdao Tiantai Group.

The 150-meter-high tower B will be home to more than 300 small- and medium-sized companies. The first six floors will feature cafes, stores, a gym and entertainment venues. More than 70 companies have already confirmed they will open branches in the tower. A three-level underground parking lot provides more than 1,000 parking spaces.

When fully completed, the square is expected to provide more than 2,000 jobs supporting the development of the city’s service sector and regional financial industry.

(Wang Yuanyuan, Wang Liyan)