# China approves highest-ever outflows for mainland investors

> China approved a record $10bn in new QDII outbound investment quotas, bringing cumulative approvals to $147bn. The move allows more capital to leave the country while the renminbi has risen almost 10% against the dollar over the past year.

- Date: 2021-06-15 · published 2021-06-15T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/7117-china-approves-highest-ever-outflows-for-mainland-investors
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Expanded outflows add modest downward pressure on the yuan, which could slightly support China's dollar-denominated import costs for feed ingredients. The effect on grain prices is likely small.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-06-02 | [China’s yuan eases as investors expect higher cash injection in June - Markets - Business Recorder](https://feedsoft.ai/events/41174-china-s-yuan-eases-as-investors-expect-higher-cash-injection-in-june-markets.md) | -0.0% | +0.2% |
| USDCNY | 2023-10-23 | [China Sept forex outflows hit $75 bln, biggest since 2016 - Goldman](https://feedsoft.ai/events/33856-china-sept-forex-outflows-hit-75-bln-biggest-since-2016-goldman.md) | +0.0% | -2.0% |
| USDCNY | 2021-07-28 | [International investor concerns mount over China's tech rout](https://feedsoft.ai/events/46286-international-investor-concerns-mount-over-china-s-tech-rout.md) | -0.6% | -0.6% |
| USDCNY | 2021-07-27 | [China Stock Rout Spreads Amid Fears of Foreign Investor Exodus - Bloomberg](https://feedsoft.ai/events/46290-china-stock-rout-spreads-amid-fears-of-foreign-investor-exodus-bloomberg.md) | -0.3% | -0.0% |
| USDCNY | 2023-06-19 | [China’s yuan eases as investors wait for stimulus details, outcome of Blinken visit - Markets - Business Recorder](https://feedsoft.ai/events/11232-china-s-yuan-eases-as-investors-wait-for-stimulus-details-outcome-of-blinken.md) | +1.6% | +0.8% |

## Sources

- ft.com: https://www.ft.com/content/4170c04c-e98a-4e52-9a44-a085616cc21b?syn-25a6b1a6=1

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.