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RQFLP - An extension of Shanghai's pilot programme for private equity funds and fund managers
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Recently, the Shanghai authorities have opened up the Qualified Foreign Limited Partners programme by allowing overseas RMB holders to make direct onshore investments using their RMB funds. This new avenue, also referred to as the RMB Qualified Foreign Limited Partners (RQFLP) scheme, is hoped to absorb the large amount of RMB funds resulting from the rapid development of RMB internationalization. The briefing attached explains the background to the extension under the RQFLP scheme , introduces the new opportunities available and discusses the challenges ahead.
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