3i adds China specialist, gets QFLP approval

UK private-equity firm 3i Group has hired Credit Suisse veteran Paul Su as a senior partner for China, which should help it make good use of the quota it has received under Shanghai’s qualified foreign limited partner (QFLP) pilot programme. Shanghai recently approved 3i’s participation in the QFLP scheme, which will allow it to convert up to $100 million into renminbi to make investments in China without the need for any exchange-control approvals. Sources suggest this is among t…