and Administration Committee of Shandong Province. Its subsidiary, Shandong Hi-Speed Logistics Co Ltd, is the flagship enterprise of logistics industry in Shandong Province, with a registered capital of US$0.8 billion. It is ranked the largest in Shandong Province and among the top in China in the same industry. Its main business includes logistics infrastructure such as ports and logistics parks, integration of logistics, finance and trade, inter-city and urban platform of standard container logistics distribution and special logistics distribution etc. The Shandong High Speed West Coast Wisdom Logistics Industrial Park will be an online trading platform and logistics entities under the line, the logistics industry to build an O2O demonstration platform. SDHS also operates an Inter-city platform of standard container logistics distribution. Under SDHS, the International Automobile Industrial City in Qingdao is dedicated to form a platform of automobile industrial chain. 4. Port shipping Ports and shipping is another key business os SDHS to make full use of strategic opportunities of the Development Plan of Shandong Peninsula Blue Economic Zone and Development Plan of Yellow River Delta Efficient Eco-economic Zone and establish its macro-transport system. Being a shareholder in Bohai Ferry Co., Ltd., SDHS invested US$0.3 billion to develop Weifang Port. SDHS is also a major shareholder of Shandong Marine Group Ltd., and it is the core platform of investment and financing, incubation and industrialization platform of oceanic technology achievements and integration platform of emerging strategic oceanic industry for Shandong Province to implement the strategy of Blue Economic Zone. With the total registered capital of US$0.5 billion, annual operation revenue of US$11 billion, total assets of US$3.2 billion, Shandong Ocean Investment Co., Ltd. is mainly engaged in investment, operation and management of ocean transport and logistics, marine equipment manufacturing, oceaneering construction ocean energy and mineral resources, marine fishery, marine biotechnology and marine eco-environment protection etc. 5. Finance and insurance Finance and insurance is the largest business sector of SDHS. Weihai City Commercial Bank SDHS's subsidiary ranks among the joint-equity commercial banks with the greatest development potentials on China. Opened on August 1, 1997, it has over 80 branches in cities such as Ji'nan, Tianjin, Qingdao, Yantai, Dezhou, Linyi, Ji'ning, Weifang and Dongying, etc. In recent years, the annual growth rate of all its development indicators reaches over 30%. By far, the total assets of the bank exceeded US$28.8 billion and net profit is more than US$0.23 billion. It has also