Membandingkan 'hot money'/foreign capital inflow antara Cina dan Indonesia seperti membandingkan Goliath dan David. Kita simak pandangan riset internal di Cina untuk menguji fakta atau mitos yang cenderung didengang-dengungkan pada beberapa market serupa.
China’s State Administration of Foreign Exchange (SAFE), the regulator, said on Thursday that cross-border capital inflows are not dominating domestic stock markets while acknowledging the existence of “hot-money” in the second largest economy.It estimated 35.5 billion U.S. dollars of so-called “hot-money” flowed into China last year, accounting for 7.6 percent of the accumulation in foreign-exchange reserves and 0.6 percent of GDP that year, the currency regulator said in a report published on its website. China has not seen a surge in “hot money” coming into the country over the past decade, with an annual average amount of about 25 billion U.S. dollars, which represents 9 percent of the increase in the nation’s foreign reserve per annum. The SAFE said, however, it had launched a special action on cracking on “hot money” in 2010, and concluded that foreign capital inflows are not dominating China’s stock markets, though it did find some illegal inject of foreign capital into the stocks coordinated by domestic companies. But judging by the result of the action, it is not a common practice, the regulator argued. “The argument that cross-border capital flows are driving domestic stock market performance lacks evidence in the data,” it said in a statement accompanying the report. Chinese stocks fell 14 percent in 2010, the third worst-performed market while RMB, or the yuan rose 3 percent and the accumulation of foreign reserves hit a near-record level in history, Shanghai Securities News reported citing a top official as saying. '+'
