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Hot money targets stock and property

07-06-2010 13:53 BJT

China's foreign exchange regulator says the major targets for hot money flows into China are the stock and real-estate markets.

Disguised as funds for trade and investment, an unknown amount of hot money enters China every year. The capital is betting on an appreciation of the Renminbi, and a hike in asset prices. But the State Administration of Foreign Exchange also says it didn't find that hot money is entering China in an organized way, or on a large scale.

Editor:Xiong Qu |Source: CCTV.com

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