Shanghai to unveil RMP LP plan
A flurry of reports around an ‘official’ Shanghai announcement of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” suggested that Shanghai was cementing its status as the destination of choice for foreign GPs and LPs alike seeking to tap the RMB fund opportunity set by creating a real platform for non- Chinese institutions to invest as LPs into RMB vehicles.
However, the details of the plan – if it is actually formal, final, official and approved – suggest it may fall well short of many foreign investors’ hopes. Publicity around the plan Information...
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