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.Don't want that yuan flowing abroad now...
"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.
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Source: HK Monetary Authority | Source date: 19-Apr-2024 22:23
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