Weifang has a long trading history and it is an important distribution center in the east of Shandong province. Up to now, there are 36 specialized markets in Weifang, each with annual turnover of more than RMB 100 million. Shouguang Vegetable Wholesale Market, with annual trading volume of 3.6 billion kilograms, is among the top 10 specialized markets in China. The small commodity market, building materials market, farm machinery market and the auto market under which are under reconstruction will be the largest markets in Shandong province. The peninsula trading and logistics center under construction will bring about new breakthroughs to the development of the service industry of Weifang.
Listed Companies
As of now, 10 companies in Weifang have been listed on the securities exchange market, including Shandong Chenming Paper, Shandong Hailong Textiles, Shandong Marine Chemical, Jade-Bird Huaguang, Shandong Juli, Weichai Power, Shandong Molong Steel, Wuzhou Mingzhu, Yaxing Chemical and Sunvim Textiles.
World Top 500 Companies in Weifang
Attracted by the desirable investment environment, preferential policies and great development potentials in Weifang, a number of multi-national companies have set up operation in Weifang, such as Caterpillar from US, Itochu from Japan and Bayer from Germany. By now, 16 World Top 500 companies have established operations in Weifang.
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