皇冠体育app

Money

皇冠体育app to continue to fight hot money inflow: SAFE

(Xinhua)
Updated: 2010-07-10 13:32

BEIJING - 皇冠体育app's State Administration of Foreign Exchange (SAFE) said Friday it would step up efforts to monitor and fight hot money inflow.

Related readings:  SAFE says 皇冠体育app faces pressure to curb abnormal capital inflow  皇冠体育app to keep yuan basically stable: SAFE  皇冠体育app's FX reserves not 'atomic weapon': SAFE  SAFE: Europe is still a key investment market

This is the fifth time for the country's foreign exchange regulator to respond to the issue publicly within a week. The regulator posted a question-and-answer statement on its website each time.

Investigations into speculative hot money starting in February have found 190 cases or $7.35 billion of hot money flowing into 皇冠体育app this year, according to the SAFE.

Capital flows into and out of 皇冠体育app for purposes other than payments related to exports and imports are strictly controlled by the SAFE, which manages 皇冠体育app's $2.45 trillion in foreign exchange reserves.