China's State Administration of Foreign Exchange (NYSE:SAFE) announced Thursday that $35.5 billion of hot money flowed into the country in 2010, accounting for 7.6 percent of the increase in its foreign reserves for that year.
The SAFE said hot money inflow was small over the past decade with an annual average amount of about $25 billion, accounting for 9 percent of the increase in the nation's foreign reserves per annum.
Capital inflows from overseas were in accordance with the real economy's fundamentals, despite small amounts of illegal hot money inflow.
There have been no large-scale capital inflows to established financial institutions, the SAFE added. (Xinhua News)