You Just Won SDR Inclusion China, What's Next? Capital Controls

Reuters: China suspends new applications for RQDII investment scheme

China's central bank has suspended new applications for the Renminbi Qualified Domestic Institutional Investor (RQDII) investment scheme, sources with direct knowledge of the matter told Reuters on Wednesday.

"Many Chinese institutions have made use of the RQDII channel to buy yuan bonds and certificate of deposits in the past two months," said a source at a Chinese fund house, adding the scheme had now been suspended.

Don't want that yuan flowing abroad now...