At the same time as the PBOC plans to loosen foreign outflow controls, a report in the Wall Street Journal said that China’s central bank will “aggressively” reinsert capital controls elsewhere. The report cited people with direct knowledge of the matter.

None of the measures have been publicly disclosed, but it is thought they involve restrictions on the ability of foreign companies to repatriate earnings, as well as banning yuan-based funds from investing abroad.

“They’re sparing no effort to prevent capital outflows,” a senior Chinese banking executive with ties to the central bank told the Journal. “All the measures are the most aggressive I’ve seen in recent history.”