The Hongkong Monetary Authority (HKMA) Will Maintain Stable Hot Money For Ten Days Or To The Mainland.

The trend of capital inflow into Hongkong continued, prompting the continued strengthening of the Hong Kong dollar. The HKMA entered the market three times a day yesterday, selling HK $7 billion 401 million to the market and buying US $955 million to increase the sum of the Hongkong banking system to 175 billion 831 million yuan.

Since the 20 day of last month, the HKMA has injected 9 capital into the market, and its total market size has reached nearly 27 billion 188 million yuan.

According to reports from the mainland media, some of the capital flowing into Hong Kong has been taken into the mainland by underground banks in Shenzhen.

Chen Jingmu, the international treasurer of CITIC Bank, pointed out that since the beginning of this week, there has been a lot of money flowing into the market. But every time the HKMA enters the market, the US dollar has not rebounded meaningfully. The port remittance is still hovering at the strong exchange convertibility level of 7.75. It is believed that the capital will continue to flow into Hong Kong, and the regulation will not be less than 2009.

According to the statistics of the HKMA, from the fourth quarter of 2008 to the fourth quarter of 2009, there were up to 640 billion yuan of funds to flow into Hong Kong. About three of them were inflow from the fourth quarter of 2008 to the first quarter of 2009, mainly after the financial tsunami, and banks and other enterprises returned their overseas assets to Hongkong's turnover or risk aversion.

Comprehensive financial analysis of people, in addition to the United States launched the third round of quantitative easing measures, hot money continues to flow into Hongkong to find investment opportunities, Hongkong hot money in Hong Kong is also coveted RMB appreciation and the mainland economy bottomed out.

As an alternative to investing in A shares, the X A50 A50 China fund has become the most active stock in yesterday's paction, reaching 2 billion 347 million yuan, closing at 10 yuan, or 0.24 yuan or 2.5%.

The possibility of investment analysis, according to the ETF capital flows listed in Hong Kong this week, shows that large overseas households will tap the hot money into Hong Kong after they park in Hong Kong.

Then, change horses, redeem physical stocks, adjust their portfolios, gain more room for growth, and increase their holdings of Chinese stocks under the premise of optimistic about China's economy.

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Recently, some hot money went through the underground banks of Shenzhen ports to enter the mainland.

The newspaper quoted a long-term monitoring of more than 100 underground banks in the coastal areas.

Experts revealed that the hot money flowing through the underground banks into the mainland has ended the net outflow that lasted for 1 years since October last year, and has turned into net inflow since late September. And since October, the inflow of hot money has been very obvious.

The report also pointed out that, because there are only a limited number of channels such as FDI or QFII for overseas capital to invest in the mainland, besides the existence of certain threshold, the examination and approval cycle is not too short. Therefore, the international hot money used to rush into and out quickly usually favors gray channels such as false trade or underground banks.

In addition, hot money, which is mainly owned by the company, usually enters the mainland through 6 ways, including false direct investment, false foreign trade, foreign currency loans and foreign debts, payment of false salaries to mainland employees, and overseas donations.