Hi,
VRF in H3C/Comware is called vpn-instance and is configured much like VRF on a Cisco device.
#
ip vpn-instance red
description Customer red
#
interface GigabitEthernet2/0/1
description Int to cust red
ip binding vpn-instance red
#
How many instances depends on the platform, you might find it lurking around the technical specs. I know the 7500 comes in flavors of 1, 32 or 256 instances depending on which modules you use.
Regards,
Fredrik