Bloomberg News

PBOC Official Says Illegal Hot Money Inflows to China Not Large

October 21, 2011

Oct. 21 (Bloomberg) -- The illegal inflow of so-called hot money into China isn’t large, said Pu Yongxiang, a researcher and chief of the People’s Bank of China’s financial market division.

China’s financial markets are not sophisticated and not deep or big, which reduces the attrativeness for hedge funds and other institutional speculators, Pu said at a conference in Beijing today.

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