Twofish's Blog

July 26, 2008

Note on hot money inflows

Filed under: china — twofish @ 6:59 am

Just a note on the source of hot money into China…

Personally I do not think that the bulk of the hot money comes from Chinese family networks. Much of it certainly does, but the numbers we are seeing are just too large. I think the bulk of the hot money comes of accounts controlled by PRC corporations that are repatriating dollars that in years past would have remained in Hong Kong.

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