QINGDAO, the coastal city in northern Shandong province, aims to become a multi-functional area capable of providing facilities such as trade, financial and transport services. An 80-member delegation from the city is in Hongkong as part of a 1,000-strong contingent from the province seeking to lure local investors to assist in its modernisation. Qingdao deputy mayor Qin Jiahao said the city would strengthen its policy of opening its infrastructure development to outsiders. ''We will open our domestic market in exchange for foreign technology and to attract international groups to invest in our city,'' he said. The moves also embrace the city's further push to modernise old enterprises, and to more effectively operate bonded zones. Outlining the city's investment policies, Mr Qin said the municipal government would enhance co-ordination among industries and seek to improve the transfer of technology.