Hot money pushes yuan higher

A Citibank report says that 90% of hot money is coming from North America and 80% of it is going to China. Deflation is not what China needs in the long-run, but that is what it will get if the currency continues to appreciate.

Citigroup Capital flows to tracking reports, the renminbi assets are the most important the flow of the current round of hot money. October 26 Flow report shows that Asia (October 24 week) single-week inflows of $ 1.3 billion, most of which inflow of RMB ETF (exchange-traded funds), the scale of over 1.1 billion U.S. dollars, accounted for about 85% of the total.

In addition to the ETF, the Hong Kong H shares and RMB-denominated fixed-income products is also hot money put into focus.

花旗追踪报告:热钱90%来自北美 80%被中国吸引

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