Zhang Ming: Hot money March net outflow

"Financial network," reporter Huang August 27, the Chinese Academy of Social Sciences International Financial Research Center released a study reported that July, 10.4 billion of dollars of hot money out of China, the hot money has been 3 consecutive months net outflow, the total has reached 34 billion U.S. dollars, the monthly outflow of 11.3 billion U.S. dollars.　　According to the database, in 2010 from 1 to April, China faced a sustained short-term international capital inflow, which amounted to $104.6 billion trillion and a monthly inflow of $26.2 billion. Zhang Ming, secretary general of the International Financial Research Center, said the most important reason for the continuous outflow of short-term international capital is that the outbreak of the Greek crisis in April has once again changed the risk appetite of global investors, and global investors have returned to the deleveraging process, leading to short-term international capital flows from risky asset markets to risk-free asset markets (　　The pattern of the Treasury market. "Secondly, from April 2010 to July, the renminbi appreciation in the overseas RMB ndf market was significantly weakened, and the Chinese government's macro-control of the real estate market also hit investors ' confidence in China's real estate market, which led to a reversal of short-term international capital flows.　　Zhang Ming added.　　But he predicts that with the end of the global deleveraging process, a new round of short-term international capital inflows may be emerging from the 4th quarter of 2010, with expectations for a stronger renminbi and a possible new wave of gains in the second half of the A-share market.　　According to the report, the Institute's calculation is "monthly foreign exchange account-monthly trade surplus-monthly FDI inflow", different from the current "monthly foreign exchange reserve increase-monthly trade surplus-monthly FDI inflow." (Stock market Weekly feeds)