The Pingtan Comprehensive Pilot Zone (PCPZ) in Fujian province will introduce more preferential policies for local financial institutions, according to Li Dejin, director of PCPZ’s administrative committee on April 20.

Li made the statement at a conference which reviewed economic progress in 2014 and commended a dozen financial institutions.

There are now 35 such financial agencies in Pingtan, all of which have contributed to the development of Pingtan and earned the city a slate of favorable policies, he added.

Pingtan hopes that those financial institutions will continue to support its development with more branches and credit loans, said Li.

Furthermore, the government will better handle the relationship between banks and enterprise, attract more business, improve cross-Straits financial cooperation and crack down on illegal financing.