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Chinanews, Guangzhou, Sept 11 – Recently, a research team that investigated the flowing situation of overseas hot money into China issued a report saying that about 300 billion yuan of hot money is retreating from the stock market and entering into the real estate market, mainly in Guangzhou, Shanghai and Shenzhen.
However, according to Li Youhuan, one of the members of the research team, the amount of hot money in China might reach 250-300 billion US dollars. He emphasized that the amount of hot money was measured in the dollar, not in the yuan. In Beijing, Tianjin, Shanghai and Guangzhou, there have appeared cases where hot money is flowing into the housing market. However, it is too hard to tell which are the main cities for hot money to flow in, the Information Daily reported. As entrusted1 by related authority, Li and his research team began to trace the flowing situation of hot money in China in October last year. By investigating individual cases and issuing questionnaires, it was found that some hot money had left the stock market and entered into the housing market. The research team then verified their findings with real estate developers, who then confirmed their conclusion, said Li on Monday. It is said that May 30 served as a dividing line for the hot money. Before May 30 this year till the end of last year, most hot money had flowed into the stock market. However, from May 30 on, the hot money began to retreat from the stock market and enter into the housing market. At present, it is still hard to tell how much hot money has flowed into the housing market and which market contains more hot money, the stock market or the housing market. The research also finds that the phenomenon of hot money flowing from stock market to real estate market has occurred in many large cities in China, including Beijing, Tianjin, Shanghai and Guangzhou. However, it is also hard to tell which city attracts hot money most, said Li. It is found that hot money has shifted from stock market to real estate market mainly because speculators are aware of the fact that Chinese stock market is “affected heavily by government policies, which make it difficult for them to earn money quickly. ” 点击  收听单词发音
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