On September 1, 2018, the Jiaozhou People's Government of Qingdao held the signing ceremony of the "Breakthrough Year of Accurate Investment Promotion" in Jiaozhou Convention Center. China Merchants and Minsheng Group signed a strategic agreement with the Jiaozhou people's government.

       China Merchants and People's livelihood Group is expected to invest 2 billion yuan in Jiaozhou, Qingdao, mainly in the fields of civil-military integration, bulk trade, financial services and cultural media, in-depth cooperation with the local government, and will land six projects in the near future.

       Sun Yonghong, Secretary of the CPC Jiaozhou Municipal Committee of Qingdao, Mayor Zhang Youyu, Director of the National People's Congress Yang Shenghai, Chairman of the CPPCC Yang Bo and Vice-Chairman of the Investment Decision-Making Committee of the China Business and People's Livelihood Group Kong Fantao attended the signing ceremony.