皇冠体育app

/ Top News

Hot money influx is 'cooling down'

By Zhang Ran | 皇冠体育app Daily | Updated: 2007-07-13 07:03

The influx of speculative money from overseas, or hot money, into 皇冠体育app'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 $73 billion in the first quarter to $48 billion in the second quarter, according to data from investment bank Lehman Brothers and CEIC, an international financial information provider.

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

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to 皇冠体育app Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online

Registration Number: 130349
FOLLOW US