Shanghai QFLP program for non-Chinese RMB LPs approved
The pilot Qualified Foreign Limited Partners (QFLP) guidelines floated in Shanghai to allow international LPs to invest into Shanghai-incorporated RMB-denominated private equity funds have been approved by China’s central financial regulators, according to statements by city financial officials in PRC media.
Modeled after the existing Qualified Foreign Institutional Investor (QFII) scheme, and the Foreign Invested Venture Capital Enterprise (FIVCE) VC fund structure, the plan allows for global investors to...
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