A view of Huzhou, East China's Zhejiang province. [Photo/WeChat account: huzhoufabu]

Huzhou was recently listed among the first group of cities in East China's Zhejiang province to pilot the Qualified Foreign Limited Partnership (QFLP) scheme, which encourages foreign investors to get involved in domestic equity investment programs, local media reported.

Being included in the QFLP program will further promote Huzhou's opening-up, optimize its use of foreign capital and facilitate local industrial transformation and upgrading, according to experts.

The city's inclusion is largely due to its robust and open economy. Huzhou is also a national test bed for the reform and innovation of green finance, an innovation zone of the China (Zhejiang) Pilot Free Trade Zone, and a provincial model in the accumulation of foreign investment.

In the next step, the local government will speed up the formulation of plans to implement the QFLP program so as to leverage the policy to channel more high-quality foreign capital to the city.