QINGDAO’S Qianwan Bonded Port Area is seeking further development when its first stage has started operation.

    Learning from experience in places like Tianjin and Shanghai, the port area is studying supporting policies concerning ship registration, cooperating with the Qingdao Customs to build an electronic port.

    The area wishes to become a pilot port for a series of reforms, including a place of tax rebates.

    In addition, the port area has been actively introducing international main ships to conduct transit operations at the port.

    The link between the port and free ports like Busan, Inchon and Yokohama is expected to be strengthened.

    The bonded port area has established various linkages with more than 10 domestic locations.

    A cooperation agreement has been signed by the port area and Jiaonan City to build a 10-square-meter Jiaonan function area in the port.

    The port area is actively seeking investments from international enterprises to develop a modern service industry.

    The port area introduced investments totaling over US$500 million last year, which also saw the arrival of over 30 international logistics and shipping enterprises like Maersk.

    There are 32 Fortune 500 enterprises with offices in the port area, which has established cooperation with over 40 countries and regions.

    The port area will construct a commodity trading and pricing center.

    With a distribution base of resources such as rubber, cotton and mineral products, the port area has attracted more than 6,600 enterprises for trading, which report an annual trading volume of over 100 billion yuan.

    (Li Hao, Duan Xiaodong)