亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Hot Money Influx Is 'Cooling Down'
Adjust font size:

The influx of speculative money from overseas, or hot money, into China's stock market is showing signs of slowdown thanks to recent cooling-down measures by the government, analysts said.

 

The increase in foreign exchange reserves not attributed to trade surplus or foreign direct investment declined from US$73 billion in the first quarter to US$48 billion in the second quarter, according to data from investment bank Lehman Brothers and CEIC, an international financial information provider.

 

China registered a rise in foreign exchange reserves of US$131 billion in the second quarter. Despite its high percentage in annualized terms, the actual amount is less than the US$136 billion that China earned in the first quarter.

 

The change "suggests that hot money inflows may be slowing," Sun Mingchun, vice-president and Asia economist of Lehman Brothers Asia Ltd, told China Daily yesterday.

 

He attributed it to strict checks by the government on illegal capital inflows and slow trading in the equity market since the rise in the stamp tax on stock transactions in early June.

 

The hot money may now go to Hong Kong or other markets to seek better investment returns, Sun said.

 

In another development, the State Administration of Foreign Exchange (SAFE) repeated its call yesterday to control illegal capital inflows, or money going into the stock or real estate markets betting on the yuan's appreciation, under the pretext of trade payment or direct investment.

 

"The regulatory authorities will continuously strengthen monitoring and administration of cross-border flows of funds, and block the inflow of foreign capital on fictitious trade claims," said a statement posted on the SAFE website yesterday.

 

Sun of Lehman Brothers said that the government should publish the results of the investigations and penalize companies violating the regulations, "to prevent more companies from following suit".

 

(China Daily July 13, 2007)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
Related Stories
Inflows of Hot Money to Be Curbed
Hot Money Inflow Picks up Speed in China
Investors Store up Properties Ahead of New Regulations

July 18 Beijing
International Copyright Forum
July 19 Shanghai
Shanghai Finance Forum
Sept. 6 – 8 Dalian
Summer Davos Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码