Hong Kong store hundreds of billions of speculative hot money into China Mainland and Hong Kong join hands to prevent.

<P> Landing three channels appreciation of the renminbi speculation speculative property market </ P> <P> hundreds of billions of hot money into China speculative hoarding in Hong Kong </ P> <P> signs that hoarding in Hong Kong from the United States and Europe at .greatly increased the scale of hot money, gambling mad appreciation of the renminbi, and await the exchange through banks, trade and investment are three ways to enter the mainland, and eventually enter the property market and stock market speculation. .</ P> <P> store significant increase in the scale of hot money in Hong Kong </ P> <P> 23 May, BOC Hong Kong and many other financial institutions in Hong Kong, mainland analysts to accept the "Economic Information Daily," an interview that in the past into the Mainland .to Hong Kong, Macao-based savings funds or speculative capital, but both U.S. and European funds, but also hot money from Japan. ."Other Southeast Asian countries may be due to low interest rates, a favorable difference with mainland China, many funds have come in." BOC Hong Kong analyst Huang said. .</ P> <P> HKMA spokesman said Hong Kong's 80 billion yuan this year to the end of September Shihai exchange limit of the remaining half, but were exhausted in late October. .That is, within a month spent the 40 billion yuan exchange limit. .Relevant statistics, there are currently around 6,500 billion HK dollars of hot money hoarding in Hong Kong waiting for an opportunity to enter the mainland, while the whereabouts of those funds into RMB's even more clear. .</ P> <P> Hong Ya Tai Fook Securities analyst Liu told reporters: "Hong Kong is a free port, there is no foreign exchange controls, basically a day to a one hundred billion U.S. dollars, or tens of billions of dollars, there is no way .blocked. "members of the Hong Kong Securities Institute professional satisfaction described the temperature days, the funds in Hong Kong around the world as freely as water, can flow into the stock market, property market, you can also flow back to Western countries. .And these funds to enter the Chinese mainland, Hong Kong have become transit points, channel banks and the currency exchange is the point. .</ P> <P> hot money influx of multi-channel </ P> <P> Hong Kong, told reporters the financial institutions, exchange and transfer money in the bank the two areas, the hot money in Hong Kong are taking advantage. .Although banks in Hong Kong SAR Government are strictly enforced the basic requirement that every resident can exchange 20,000 yuan per day, exchange 80,000 yuan to the mainland, but still can be used in various bank accounts, ant way ., so that hot money inflows through banks in the Mainland. .</ P> <P> It is understood that public access to the Mainland store in Hong Kong hot money another way is through trade channels and foreign investment channels. .The provisions of the Hong Kong trade and investment exchange and remittance of funds is not subject to quantitative restrictions. .The reporter learned from a report by the State Administration of Foreign Exchange understands that the special action SAFE recently revealed violations of hot money inflows mainly in traditional areas of trade and investment, way of variety. .For example showed that some of the processing trade enterprises to make a fuss about the price, that is reported by the high processing charges, inflated amount can exchange earnings and transfer pricing and other means of achieving multi-exchange earnings, more foreign exchange purposes. .Foreign investment and a lot of hot money under "false foreign capital" related. .Although some foreign real project, but no real "foreign", and some simply are "shell companies", often through intermediaries with the necessary foreign exchange transactions between underground banks, after the capital settlement for the return of the territory of underground banks or .foreign investors. .</ P> <P> "hot money into the important goal is to stock and property markets, in order to gain access to asset price inflation, in line with the speculative hot money arbitrage nature." International Trade and Economic Cooperation Ministry of Commerce, International Market Research Institute deputy Ren Baiming .told the "Economic Information Daily" reporters. .</ P> <P> SAFE special action from the view, hot money entering the real estate market, often through trade, foreign investment, banking, personal and other channels, both corporate behavior, but also individuals. .Some group within the affiliate arbitrage operation. .If a Hong Kong holding company, directly or indirectly, more than domestic real estate enterprises, the domestic subsidiary in order to advance the land auction RMB deposits, the Hong Kong real estate projects through the establishment of the parent company's way of repayment of foreign capital after the settlement on behalf of the advances. .The company suspected of contravening foreign exchange settlement system for payment of the capital, illegal arbitrage, unauthorized foreign loans and other financial services without authorization, illegal money is material, the capital chain complex. .A few banks to foreign individuals and long-term mortgage payment of foreign loans, and mortgages for the purchase of the territory after the property settlement. .</ P> <P> for hot money into the stock market, the SAFE told reporters about the recent discovery of some foreign-invested enterprises will use fictitious capital into the stock market after the settlement of the case. .Such cases, foreign-funded enterprises to pay for the goods to declare the name of the bank capital settlement, the settlement proceeds allocated to the territory of the RMB affiliates, related companies and then the name of the previous paragraph to draw back the same route of funds. .Foreign currency funding to recover after this document is no longer subject to foreign exchange constraints when reporting purposes, thus into the A-share market. .</ P> <P> Mainland and Hong Kong join hands to prevent hot money </ P> <P> "hot money in the fight against the Mainland and Hong Kong need a communication, the establishment of monitoring mechanisms limit the work of the external hot money." IMF Resident Representative Office .the officials said. .Last week, the International Monetary Fund released the latest research report, quantitative easing monetary policy in the United States in the context of the Hong Kong dollar against the U.S. dollar against the Hong Kong linked exchange rate system will increase the difficulty of inflation and the real estate bubble. .</ P> <P> "This is not difficult to understand, as an international financial center, Hong Kong, the Hong Kong dollar linked exchange rate system is clearly powerless to refuse to hot money, it can only speculation from the curb to prevent the risk of deterioration of the asset bubble in the direction of the hot money inflow .for containment. "vice president of Renmin University of China, Liu Yuanchun said. .</ P> <P> inflow of hot money on the issue of concern, the Chinese Ministry of Commerce spokesman Yao said recently that in some countries have adopted the quantitative easing policy background, the Chinese government will strengthen supervision of liquidity, prevent the inflow of hot money .paying particular attention to flows of hot money in real estate and other sensitive areas. .</ P>.