With the recent elimination of the Canadian Federal Investment Immigration Program, the Quebec Immigrant Investor Program (QIIP), launched in 1986, is the only Canadian investor visa program currently available to international business people in its class. It maintains the same investment criteria as the original Federal program, allowing some financial institutions in Quebec to provide partial loans and government guarantees for the funds invested by the applicants. It also reduces the burden on investors to transfer large amounts of foreign currencies out of the country. Most investment immigrants have chosen QIIP as a channel for obtaining permanent residency in Canada. Currently, QIIP accepts new applications with a quota of 1,900, 1,330 applicants of which are from China. The newest quota will be released before August 15, 2018.