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China's foreign exchange regulator scrapped quota limits on the QFII and RQFII foreign investment schemes to attract more foreign capital. Analysts noted that two-thirds of existing quotas were unused, so the move is largely symbolic.
The change affects capital flows into Chinese financial markets rather than goods trade, so it has little direct effect on feed or grain prices.
cnbc.comReutersSep 11, 2019After 138 past policy events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (47% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
