We define the pseudo-Calabi flow as qj qt ¼ Àf ðjÞ, h j f ðjÞ ¼ SðjÞ À S.Then we prove the well-posedness of this flow including the short time existence, the regularity of the solution and the continuous dependence on the initial data. Next, we point out that the L y bound on Ricci curvature is an obstruction to the extension of the pseudoCalabi flow. Finally, we show that if there is a constant scalar curvature Kähler metric o in its Kähler class, then for any initial potential in a small C 2; a neighborhood of this metric (defined in terms of the C 2; a norm on the Kähler potential), the pseudo-Calabi flow must converge exponentially fast to a constant scalar curvature Kähler metric near o within the same Kähler class.