on hot money inflows and preventive measures（热钱流入和预防措施）.docVIP

On hot money inflows and preventive measures Paper Network: [Abstract] using a variety of international hot money hidden way into the domestic capital market, by investing in the housing market, the stock market and other industries to achieve arbitrage, making a false prosperity into the country’s economy, the relative weakening of the macro-control Effective prevention and control of hot money that each mature market economies can not be evaded. [Keywords] economic security of international hot money measures 1 the meaning of hot money Hot money from the English Hot Money, also known as hot money (Refugee Capital) or call the short-term speculative capital, refers to the pursuit of the highest paid and lowest risk in international financial markets, rapid short-term speculative capital flows it is most characteristic of short-term , arbitrage and speculation .2002 along with the appreciation of the renminbi has a fierce debate, the hot money to become the focus of discussion. Today, China’s economy has experienced gradual appreciation in the stock market, housing market ups and downs, the hot money problem seems to have become unavoidable an economic and social hot spot. 2 way hot money inflow As China’s capital market is not fully liberalized, foreign capital into China’s financial market is relatively low degree of freedom, so the current international hot money inflows have some of the ways and means of concealment. 2.1 to enter through trade Talking about here is not the normal trade patterns of foreign trade and international hot money holders of domestic exports by companies, by forging false trade contracts to foreign capital goods enter the country. For example, in fact, 2,000 pairs of shoes exported , per pair $ 15, but false export 20,000 pairs, each pair of $ 50 in such a way, there are more than 32 times the actual exports of international hot money into legitimate way to the surface of the mainland. There is another way