In the midst of heightened market turbulence, the central People’s Bank of China (PBOC) has apparently suspended the sale of new RQDII (Renminbi Qualified Domestic Institutional Investor) products, said Lombard Odier. The bank’s comments in a recent media report confirmed for the first time the PBOC’s latest move to suspend the RQDII programme, which aims to channel onshore yuan to…

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