CHINA / SOCIETY By Global Times Published: May 25, 2021 06:11 PM Photo: ICShanghai is dedicated to further opening up two-way financial investment with multiple measures like further promoting the Qualified Foreign Limited Partner (QFLP) and Qualified Domestic Limited Partner (QDLP) pilot programs, in an effort to accelerate building the city into a global asset management center, according to a document released by the local government on Tuesday. The city will promote foreign institutions to participate in the QFLP pilot program to manage domestic yuan funds and encourage qualified domestic institutions to become involved in the program. Under the scheme, QFLP pilot institutions will be encouraged to carry out investment in multiple sectors including domestic non-listed company equity, private placement and mezzanine funds of listed companies and venture capital funds.