On May 7, a designated delivery storage facility for crude oil futures, licensed as the nation's first port enterprise of its kind, was launched at a ceremony at the Dongjiakou Port Area of Qingdao Port, which belongs to Shandong Port Group (SPG).  

[Photo provided to chinadaily.com.cn]

With support from port-related institutions such as Qingdao Customs, the Maritime Safety Administration, and the Immigration Inspection Station, the crude oil futures business has seen some recent success, leading to an increase in investment in SPG. 

[Photo provided to chinadaily.com.cn]