A ground-breaking ceremony for the Hongdaohui technology and finance center as part of a large scale industrial carrier was held on Sept 22, marking that another technology highland will emerge in the city of Qingdao in no more than three years.

With a total investment of 640 million yuan, the Hongdaohui center will be a 103,000-square-meter building complex located at the heartland of the Qingdao National High-tech Industrial Development Zone, focusing on finance and high-end service.

It will form a part of a 10 million square meters industrial carrier focusing on software information, healthcare and medicine, smart manufacturing and new material, Internet, finance, and high-end service.

By integrating government, industry, research, capital, brokerage, and media into its platform, the industrial carrier will be able to provide strong support for innovation and entrepreneurship.

It will take three years to complete the construction for the entire industrial carrier at the Qingdao National High-tech Industrial Development Zone, with an investment of 70 billion yuan.

The first phase of construction that covers 3 million square meters will begin this year with a 30 billion yuan investment.