On October 20th, the newspaper "Colored Crazy Truth: Hot Money to Go to the Board of Directors" reported that overseas hot money took advantage of China's double-day holiday, suddenly boosted overseas futures prices, and used advance layout within four trading days after the Mid-Autumn Festival. The funds strongly boosted the domestic metal futures, which in turn led to the blowout of the A-share colored plates. During the National Day holiday, the external disk continued to rise, which directly led to the collective eruption of domestic futures and A-share colored plates after the National Day holiday.
So how does hot money flow in and complete the layout?
Forced the appreciation of the renminbi?
"It is no coincidence that the non-ferrous metal outer disk is lifted during the domestic double-segment." Some researchers said that combined with the recent global economic dynamics, it can be found that this is like a unified action of hot money with some kind of intention.
"Recently, the secondary quantitative easing policy and currency depreciation expectations of developed countries have caused global funds to be hoarded into emerging market countries. The prices of bulk commodities such as gold, oil, agricultural products and base metals continue to rise, and the rise in commodity prices will continue to strengthen inflation expectations. According to the analysis of the above-mentioned researchers, as far as China is concerned, in addition to the pressure of political pressure, the United States has pushed up the prices of bulk commodities such as international basic metals, which in turn has boosted the price of China’s domestic commodities, with the help of China’s abundant hot money. It can greatly promote the increase of domestic production costs. At the same time, the profit effect brought by the soaring resource prices will attract more hot money inflows, which will strengthen the pressure of domestic imported inflation and force the appreciation of the renminbi.
If this logic is established, then the United States directly forces the appreciation of the renminbi through political means such as official shouts and exchange rate bills, and at the same time, it is ignited by economic means such as capital leverage, and it can also obtain considerable profits. The choice of China's double-season holiday to raise metal prices, so that the full accumulation of energy, should be the least costly way, the researchers stressed.
The data shows that in the context of the depreciation of the US dollar and the expectation of RMB appreciation, the speed of speculative hot money entering China has accelerated, with September doubling from August.
According to central bank data, China’s new foreign exchange accounted for 289.565 billion yuan in September, an increase of 19.19% from August. In September, when foreign exchange accounted for a record high, China’s trade surplus narrowed sharply, the lowest level in five months. The central bank said that from the performance of foreign exchange and trade surplus "one high and one low", the pressure of net inflow of hot money in September is relatively high. Among them, from the perspective of foreign exchange account, the scale of hot money is close to 20 billion US dollars. From the perspective of foreign exchange reserves, the hot money in September exceeded 70 billion US dollars, setting a new high since 2009.
Guo Lei Securities analyst Fu Lei Fu Lei said that this year's foreign exchange account changes: 1-4 months, foreign exchange holdings continued to be high, in April, new foreign exchange accounted for more than 280 billion yuan, followed by new May and June Foreign exchange reserves have dropped sharply, with a total increase of only 248.7 billion yuan in two months, and gradually rising from July to September (it is expected to hit a higher level in October).
Since July, hot money has increased significantly, and there has been a sharp increase in September. This has provided a capital basis for this non-ferrous metal blowout market. “The hot money has played a role in attracting the follow-up disc in the early stage when domestic investors have not fully responded.†Shenzhen Investors said, "As early as the beginning of September, we noticed that some funds were gradually opened, but they did not attract attention."
Influx into new ways
In fact, the recent inflow of hot money far exceeds the central bank's statistical amount.
According to informed sources, this year, hot money has flowed into China, showing a new path that is more effective and hidden. Unlike past hot money through false trade inflows, the new form is mainly done through cash collateral.
That is, overseas funds through the overseas branches of Chinese companies, the funds to be inflowed in the US dollar and other currencies (such as 100 million US dollars) mortgage in the overseas branches of Chinese companies, and then the parent company of overseas institutions to provide hot money in the country The cash after the exchange rate conversion (such as 600 million yuan) is handed over to the agent or account of the hot money in China.
After the appointment is full and the hot money is decided to withdraw, the hot money will transfer the principal and investment income to the parent company of the Chinese company. The parent company will notify its overseas branches to transfer the cash and surplus of the aforementioned mortgage dollar after deducting interest or commission. Hot money all parties.
If you do not withdraw after the expiration, the hot money only needs to refund the amount of the RMB corresponding to the mortgage principal to the parent company of the Chinese company. After deducting the interest or commission from the branch, the cash will be returned to the hot money owner, and the contract will be generated within the agreed period. The surplus will continue to be left in the country.
Since overseas branches receive equivalent cash collateral, the domestic parent company is not worried about the risk of loss of renminbi cash allocated to hot money. The hot money is only hedged by the overseas branches and parent companies of Chinese companies, and does not produce actual “real-time†capital flows, successfully avoiding domestic foreign exchange supervision methods.
In the case that the domestic foreign exchange supervision means is completely ineffective, the inflow and outflow of hot money has evolved into the annual account hedging of the parent company of the Chinese company and the overseas branch, and even the investment behavior of the parent company and the overseas branch are independent of each other. There will be no cross-border capital flows.
Its privacy and speed make more and more hot money flow in this way. Chinese companies and their overseas branches are also willing to provide convenience due to the high “risk-free gainâ€.
"Since this year, hot money has frequently flowed into the country in the form of mortgages. Many state-owned enterprises have participated in it, including some central enterprise finance companies and their overseas branches." A Shenzhen insider close to the central enterprise finance company told reporters, "I understand that a large The inflow of hot money that the group's corporate finance company has participated in this year is as high as nearly 10 billion yuan, and the large-scale enterprises involved in the domestic market are estimated to have nearly 100 billion yuan."
If this hidden hot money inflow path is allowed to develop, "China's economic environment will become more complicated, and economic regulation will be more difficult. Once the pressure is beyond control, the renminbi will be forced to appreciate substantially, then the Chinese economy will repeat Japan's mistakes." The person said with no worries.
However, variables will always surprise. On October 19, the central bank announced a 0.25 percentage point rate hike. For this austerity policy, foreign media explained that “China’s attempt to slow down economic growth means that China’s demand for raw materials will weaken.â€
Affected by interest rate hikes, the European and American stock markets weakened on the 20th, resource stocks fell, LME metal varieties fell sharply across the board; domestic non-ferrous metal varieties and individual stocks also collectively opened lower.
The colored plot of hot money is temporarily disintegrated.
So how does hot money flow in and complete the layout?
Forced the appreciation of the renminbi?
"It is no coincidence that the non-ferrous metal outer disk is lifted during the domestic double-segment." Some researchers said that combined with the recent global economic dynamics, it can be found that this is like a unified action of hot money with some kind of intention.
"Recently, the secondary quantitative easing policy and currency depreciation expectations of developed countries have caused global funds to be hoarded into emerging market countries. The prices of bulk commodities such as gold, oil, agricultural products and base metals continue to rise, and the rise in commodity prices will continue to strengthen inflation expectations. According to the analysis of the above-mentioned researchers, as far as China is concerned, in addition to the pressure of political pressure, the United States has pushed up the prices of bulk commodities such as international basic metals, which in turn has boosted the price of China’s domestic commodities, with the help of China’s abundant hot money. It can greatly promote the increase of domestic production costs. At the same time, the profit effect brought by the soaring resource prices will attract more hot money inflows, which will strengthen the pressure of domestic imported inflation and force the appreciation of the renminbi.
If this logic is established, then the United States directly forces the appreciation of the renminbi through political means such as official shouts and exchange rate bills, and at the same time, it is ignited by economic means such as capital leverage, and it can also obtain considerable profits. The choice of China's double-season holiday to raise metal prices, so that the full accumulation of energy, should be the least costly way, the researchers stressed.
The data shows that in the context of the depreciation of the US dollar and the expectation of RMB appreciation, the speed of speculative hot money entering China has accelerated, with September doubling from August.
According to central bank data, China’s new foreign exchange accounted for 289.565 billion yuan in September, an increase of 19.19% from August. In September, when foreign exchange accounted for a record high, China’s trade surplus narrowed sharply, the lowest level in five months. The central bank said that from the performance of foreign exchange and trade surplus "one high and one low", the pressure of net inflow of hot money in September is relatively high. Among them, from the perspective of foreign exchange account, the scale of hot money is close to 20 billion US dollars. From the perspective of foreign exchange reserves, the hot money in September exceeded 70 billion US dollars, setting a new high since 2009.
Guo Lei Securities analyst Fu Lei Fu Lei said that this year's foreign exchange account changes: 1-4 months, foreign exchange holdings continued to be high, in April, new foreign exchange accounted for more than 280 billion yuan, followed by new May and June Foreign exchange reserves have dropped sharply, with a total increase of only 248.7 billion yuan in two months, and gradually rising from July to September (it is expected to hit a higher level in October).
Since July, hot money has increased significantly, and there has been a sharp increase in September. This has provided a capital basis for this non-ferrous metal blowout market. “The hot money has played a role in attracting the follow-up disc in the early stage when domestic investors have not fully responded.†Shenzhen Investors said, "As early as the beginning of September, we noticed that some funds were gradually opened, but they did not attract attention."
Influx into new ways
In fact, the recent inflow of hot money far exceeds the central bank's statistical amount.
According to informed sources, this year, hot money has flowed into China, showing a new path that is more effective and hidden. Unlike past hot money through false trade inflows, the new form is mainly done through cash collateral.
That is, overseas funds through the overseas branches of Chinese companies, the funds to be inflowed in the US dollar and other currencies (such as 100 million US dollars) mortgage in the overseas branches of Chinese companies, and then the parent company of overseas institutions to provide hot money in the country The cash after the exchange rate conversion (such as 600 million yuan) is handed over to the agent or account of the hot money in China.
After the appointment is full and the hot money is decided to withdraw, the hot money will transfer the principal and investment income to the parent company of the Chinese company. The parent company will notify its overseas branches to transfer the cash and surplus of the aforementioned mortgage dollar after deducting interest or commission. Hot money all parties.
If you do not withdraw after the expiration, the hot money only needs to refund the amount of the RMB corresponding to the mortgage principal to the parent company of the Chinese company. After deducting the interest or commission from the branch, the cash will be returned to the hot money owner, and the contract will be generated within the agreed period. The surplus will continue to be left in the country.
Since overseas branches receive equivalent cash collateral, the domestic parent company is not worried about the risk of loss of renminbi cash allocated to hot money. The hot money is only hedged by the overseas branches and parent companies of Chinese companies, and does not produce actual “real-time†capital flows, successfully avoiding domestic foreign exchange supervision methods.
In the case that the domestic foreign exchange supervision means is completely ineffective, the inflow and outflow of hot money has evolved into the annual account hedging of the parent company of the Chinese company and the overseas branch, and even the investment behavior of the parent company and the overseas branch are independent of each other. There will be no cross-border capital flows.
Its privacy and speed make more and more hot money flow in this way. Chinese companies and their overseas branches are also willing to provide convenience due to the high “risk-free gainâ€.
"Since this year, hot money has frequently flowed into the country in the form of mortgages. Many state-owned enterprises have participated in it, including some central enterprise finance companies and their overseas branches." A Shenzhen insider close to the central enterprise finance company told reporters, "I understand that a large The inflow of hot money that the group's corporate finance company has participated in this year is as high as nearly 10 billion yuan, and the large-scale enterprises involved in the domestic market are estimated to have nearly 100 billion yuan."
If this hidden hot money inflow path is allowed to develop, "China's economic environment will become more complicated, and economic regulation will be more difficult. Once the pressure is beyond control, the renminbi will be forced to appreciate substantially, then the Chinese economy will repeat Japan's mistakes." The person said with no worries.
However, variables will always surprise. On October 19, the central bank announced a 0.25 percentage point rate hike. For this austerity policy, foreign media explained that “China’s attempt to slow down economic growth means that China’s demand for raw materials will weaken.â€
Affected by interest rate hikes, the European and American stock markets weakened on the 20th, resource stocks fell, LME metal varieties fell sharply across the board; domestic non-ferrous metal varieties and individual stocks also collectively opened lower.
The colored plot of hot money is temporarily disintegrated.
SZM7045 Zoom Stereo Microscope
Szm7045 Zoom Stereo Microscope ,Stereoscopic Zoom Microscope,Stereo Zoom Binocular Microscope,Zoom Stereoscope
Ningbo Beilun Kalinu Optoelectronic Technology Co.,Ltd , https://www.yxmicroscope.com