Foreign Exchange Regulator Says Hot Money Inflows on the Rise

(Beijing) -- China's foreign exchange regulator said hot money inflows are a growing concern, with illegal exchanges up by over 20 percent in the first half of this year. According to the State Administration of Foreign Exchange (SAFE), over 1,800 cases of illegal foreign exchange businesses have been shut down since the start of the year, which involved a total of US$ 16 billion.