Beijing - The first Qingdao Multinationals Summit will be held from Oct 19 to 20 in Qingdao, officials said at a news conference by the Ministry of Commerce on Aug 21.

The summit is jointly organized by the Ministry of Commerce and the Shandong provincial government. A total of 188 senior executives from Fortune 500 companies and top industrial groups from 26 countries and regions have confirmed their participation in the summit, said the official of Shandong province.

The summit includes a series of activities such as closed-door meetings, parallel forums, multinational corporation road shows, promotion events and exhibitions.

The Chinese government will announce new policies and collect opinions from participating companies during the meetings regarding the implementation of the Foreign Investment Law, customs clearance facilitation, and the protection of intellectual property.

"China will provide more investment opportunities for multinational companies, and create an investment environment that is more stable, fair, transparent and predictable," Qian Keming, vice minister of commerce, told a press conference.

At present, Qingdao is speeding up the construction of an open, modern, dynamic, and fashionable international metropolis. The summit will further raise Qingdao's international profile and bring new vitality to Qingdao's development.