Qingdao NMEI Group is a municipal company established in 2016 and solely funded by the state with a registered capital of 1.12 billion yuan. Specializing in the inspection and testing of marine and high-end equipment, the Group has as its main goal to promote the coordinated development of the inspection and testing industry chain. The Group’s main business consists of inspection and testing services, quality-assurance technology solutions and related supporting business and FinTech services. It has set up and been running three national innovation platforms including the National Marine Equipment Quality Inspection Center, National Engineering Laboratory for Subsea Equipment Testing and Detection Technology and National Platform for Major Marine Equipment R&D, Testing and Detection. It has five core tier-one subsidiaries and holds or controls shares in almost 10 companies. Based on the national innovation platforms, the Group has integrated more than 60 outstanding domestic and foreign inspection bodies into an industrial innovation system. In FinTech industry, Qingdao High Innovation Sci-Tech Capital Operation Co., Ltd., with its various financial products such as angel fund, venture incubation fund, technology transformation fund, technology guarantee and technology micro-finance, serves as a channel and carrier for the market-oriented operation of municipal financial investment in science and technology. It plays a leading role in optimizing the resource allocation for sci-tech innovation and has channeled 5 billion yuan’s social capital into this sector.