BEIJING, April 11 (Xinhua) -- Beijing is mulling to expand the scope of application for Qualified Domestic Institutional Investor (QD) and RMB Qualified Domestic Institutional Investor (RQD) to investment management institutions established in Beijing by domestic and foreign institutions, including securities companies, fund management companies, futures companies, among others, according to Beijing vice mayor Yin Yong.
Speaking at a press conference Wednesday on piloting Beijing for further opening up service industry, Yin noted that in terms of financial market opening-up, Beijing supports qualified institutions in the capital city to conduct Qualified Domestic Limited Partners (QDLP) overseas investment pilot while supports eligible fund products to participate in mutual recognition of mainland and Hong Kong, reported Shanghai Securities News.
Beijing will also bring in more international investors to its new three boards, private equity transfer, and equity trading, Yin said. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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