Alles anzeigenChina hat kein Interesse an "Hot Money".... und so wird es bald zu "Burnt Money".
Wenn Peking schon nicht vor den Spielen seine "Do La" loswerden kann, dann sollen zumindest erst einmal so wenig wie möglich neue hinzukommen.
New rules set to stop influx of 'hot money'
By Xin Zhiming (China Daily)
Updated: 2008-07-04 06:51
The government is ready with new rules to tighten control over speculative capital inflow from abroad, or "hot money".The move follows economists' warning that hundreds of
billions of dollars in illegal capital have entered the country in the garb of normal
trade.The new system will make it mandatory for companies to provide evidence
to the State Administration of Foreign Exchange (SAFE) for verification from
July 14.Exporters will be required to park their export receipts in temporary
verification accounts till they are cleared as genuine trade revenue, according
to a statement issued by the SAFE, the Ministry of Commerce and the General
Administration of Customs (GAC) on Wednesday night. The new rules are aimed at
stopping overseas traders from inflating their invoices to bring in more
foreign money. Inflating invoices is believed to be a common way of pushing
overseas speculative capital into China.Traders will have to report advance
payments for exports and deferred payments for imports, too, because either of
these channels can be used to bring in "hot money".The new rules make
it clear that the annual deferred payments for exports should not exceed 10
percent of a trader's total payments for exports in the previous year.The SAFE
will work with the Ministry of Commerce and the GAC to implement the new rules
through a nationwide computerized network. Banks' computers will be linked to
those of the Customs to crosscheck data.The departments used to monitor
trade-related foreign capital flows separately, an arrangement that has not
proved effective.The collaboration will make the regulation more effective,
said Zhang Ming, an economist with the Institute of World Economics and Trade of the Chinese Academy of Social Sciences.
Also ist damit zu rechnen, das China nach den Spielen anfangen wird den Dollar abzuverkaufen ? Es ist Schade, das die nicht schon vor den Spielen damit anfangen, hauptsache das ganze geht für die nicht noch in die Hose.