All Entries Tagged With: "China hot money investigated"

China Cracking Down On “Hot Money”

China will persist on preventing speculative money inflows into China and repress illicit foreign exchange activities, China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), announced Tuesday. Chinese foreign exchange reserves have possibly exceeded US $2.5 trillion by the end of September because of speculative money inflow. Regulators emphasized that “hot money” flowing [...]