Money

China has curbed hot money inflows

(Agencies)
Updated: 2010-05-25 14:33

BEIJING - China has made some progress in combatting illegal flows of speculative capital and at present is not facing a large influx of hot money, the country's foreign exchange regulator said on Tuesday.

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The State Administration of Foreign Exchange also said that there were small-scale inflows of speculative funds into the property sector.

It made the comments in a statement on its website summarising the findings of a three-month investigation into cross-border money flows.