1/6/2013

Shanghai is designated the pilot city for a Renminbi Qualified Foreign Limited Partnership (RQFLP) program in which yuan raised abroad will be repatriated to the mainland to invest in unlisted companies through private-equity investment vehicles, according to the Finance Office of Shanghai. The RQFLP quota is reported to be about 1 billion yuan. The overseas yuan, however, will still be treated as foreign currency attributes.

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