Real estate has accounted for the country of foreign capital actually utilized foreign investment proportion of 1 / 5 or more. With the entry of foreign capital, a lot of hot money into China's real estate market has become in all aspects must face the fact. massive influx of hot money
countries Bureau of Statistics data show that 1 to 8 months, China's real estate development enterprises using foreign capital 37.1 billion yuan, an increase of 65.9%, increase over the same period last year increased 30.1 percent. in the first half,UGG bailey button, the real estate industry accounting for the actual use of foreign capital the same period the proportion of the total foreign capital actually used reached 24.1%, compared with the year 2006 the proportion increased by nearly 11 percentage points. The situation in some areas more prominent. 19, 2006 in Sichuan Province as millions of dollars of foreign investment projects in 12 .2007 real estate projects from January to February, the actual foreign capital of Sichuan Province in place of more than $ 2,000,000 in 18 enterprises, half of real estate projects; foreign capital actually in place up to $ 169,150,000, representing the total foreign investment in the province over the same period 79.3 %. with foreign investment of a large number of hot money,Discount UGG boots, even though our government has been wary of this. This year the second and third quarters, the state has promulgated a foreign investment in Chinese real estate for the two documents, issued May 23, Department, the State Administration of Foreign Exchange on Further Strengthening and Standardizing the approval of foreign direct investment in real estate and regulatory notice Authority's a large number of foreign hot money in the domestic non-normal flow and speculation has become a reality, into the volume of 250 billion to 300 billion U.S. dollars between, and there continue to expand the development trend of inflows. offshore gambling speculative hot money has obvious, and their main investment direction of growth of real estate and stock market high profit industry. The so-called The hot money and other funds is very difficult to distinguish. not to mention the inflow of hot money in China, there are strict restrictions, so the foreign hot money into our country the way the market is very secretive. It is understood mainly in Hong Kong and Macao regions outside the hot money financial financial companies legitimate for the organizers, are often directly involved in the transfer of hot money is involved in various industries legitimate cross-border business operations of large enterprises. hot money is usually converted to the surface through a variety of legitimate means of investment funds, entry and exit very easy mode of operation is also very mature. its way into the ever-changing, endless, and some incredible way. The trade association in the country signed a trade contract, the contract requires the foreign work to support the Chinese side to resolve the tension the Chinese capital,cheap UGG boots, agreed to pay partial payment in advance so that the organization can only supply for export transactions in a timely manner. However, the purchase price in advance of entry After three months, the delivery arrived, the Chinese side to some of the special difficulties of goods production has claimed a foreign agrees to delay delivery for three months. After several rounds of consultations by both parties, said to be understanding and foreign agreed to request the Chinese side. But to the advance payment of six months after entry, the second to reach the agreed delivery time, prices of raw materials China Youyi claimed a corresponding increase in foreign export prices. To this end, foreign The two sides continue negotiations for two months, finally agreed to advance China's foreign compensation expense of 10% of the trade contract termination, payment in advance is also a matter of course outside the foreign return. Task Force, said the case reflects the underground banks are very familiar with international trade practices and regulations, through the negotiations on trade issues and foreign parties and from the many letters can make sure that this is an unexpected trade can be understood, but seems to have occurred more serious trade disputes. actually , underground banks is through this method, easily to the introduction of foreign hot money to domestic stroll past eight months. the real estate market, the impact of the financial system are subject to more and more foreign hot money
investment to domestic property market and stimulate the housing The fast growth. Also, because the foreign hot money in the real estate market has a clear obvious needed, however, reduced the supply of low-cost houses. while the domestic and foreign hot money hot money together with each other, through the amplification effect of bank leverage to stimulate the real estate market to recover the profit-driven behavior. Therefore, the investment demand is the demand to replace the residents to become real estate investment focus. Guangdong Province Academy of Social Sciences researcher Li Youhuan that this will increase the supply of the irrational structure of the real estate market. being tested have more than the property market, as well as China's foreign exchange management system and financial system, undermined because of the influx of hot money now stick to the effectiveness of capital controls to disrupt the foreign exchange market order. The report found that, although China's current capital is still not fully convertible RMB, but the influx of hot money means that current and capital flows between the items have been opened the channel, which contributes to the illegal trade in the foreign exchange market, distorting the balance of payments, foreign exchange reserves inflated, increasing the pressure on RMB appreciation. in order to maintain exchange rate stability, the central bank had to buy the foreign exchange market spillover foreign exchange, foreign exchange and thus a corresponding increase in the money supply and infrastructure,UGG boots clearance, this area through the multiplier effect of the currency, making the rapid increase of RMB in circulation, and promote the emergence of inflation; the other hand, weaken the exchange rate adjustment of foreign exchange funds function of supply and demand, resulting in regulation of effects of monetary policy less relevant.
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