SAFE: Data Doesn't Back Argument that Hot Money Dominates A-share Market
Published:
2011-02-18
The State Administration of Foreign Exchange (SAFE) has released a notice saying that, although there is a small amount of hot money flowing into China, it is not the dominant source of capital flowing into the country's stock markets. According to SAFE, in 2010, 35.5 billion US dollars of hot money entered China, accounting for 7.6% of the country’s foreign exchange reserves.
Source
Caijing
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