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Beijing still remains an attractive foreign investment destination as the city has implemented several policy measures to optimize the overall business environment and open up its market, said the officials.

Beijing on Thursday said that reports about denying Australian officials visas to China are groundless and do not exist.

Beijing's high level of education is one of the reasons cited for its low fertility, said Ma Xiaohong, professor of the Beijing Population Research Institute.

Beijing reported seven new local cases on Monday, bringing the total confirmed patients to 325 since the first newly confirmed case was reported on June 11, according to the Beijing Center for Disease Control and Prevention.

Before the new rules came out, some banks raised money from investors who bought wealth management products that were repackaged as swaps. A Beijing-based wealth management professional said the banks chose this method because they have to take into account and finance the costs of the swaps programs, often valued at billions of yuan.