国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

SAFE: 'Hot money' flows into property sector

(Xinhua)
Updated: 2010-05-25 16:17
Large Medium Small

BEIJING - Some speculative capital, or "hot money", from overseas has flown into domestic trade and investment areas, including the property sector, the State Administration of Foreign Exchange (SAFE) said on Tuesday.

In a statement on its website, the foreign exchange regulator said an investigation begun in February had identified $7.35 billion of "hot money" flowing into China through 190 illegal cross-border transactions.

Related readings:
SAFE: 'Hot money' flows into property sector China has curbed hot money inflows
SAFE: 'Hot money' flows into property sector China to step up crackdown on hot money - SAFE
SAFE: 'Hot money' flows into property sector Foreign debt quota cut aims to curb 'hot money' inflows
SAFE: 'Hot money' flows into property sector Expert warns on hot money

During the investigation, the administration inspected 3.47 million transaction records involving more than $440 billion in 13 provinces and cities where large volumes of forex transactions took place.

The SAFE said it had closed six cases involving illegal hot money inflows worth more than $27 million and investigations were continuing.

"Judging from the investigation data, cross-border capital flow and foreign exchange settlement in China abides by laws and regulations as a whole and we have found no organized (by corporations) and large-scale inflows of 'hot money' yet," the SAFE said.

Most speculative and arbitrage funds flowed into China via individual distribution and infiltration, according to the SAFE.

An unknown amount of "hot money" enters China every year disguised as trade and investment. The capital is betting on an appreciation of the yuan, China's currency, and a hike in assets prices.

Capital flows into and out of China for purposes other than payments related to exports and imports are strictly controlled by the SAFE, which manages China's $2.44 trillion in foreign exchange reserves.

盘山县| 赤城县| 宝兴县| 兴安县| 东平县| 基隆市| 惠水县| 东宁县| 垫江县| 凌海市| 自治县| 东港市| 谷城县| 盐池县| 临安市| 揭阳市| 深州市| 太康县| 开远市| 成安县| 安福县| 宜宾县| 佛坪县| 鄂伦春自治旗| 房山区| 垦利县| 海南省| 邯郸县| 顺昌县| 汝州市| 揭西县| 临高县| 尼木县| 阿克苏市| 建瓯市| 汉寿县| 来宾市| 仁布县| 子长县| 皮山县| 聂荣县|